T&E Expense Management

At 10-12% of most companies’ annual revenues, T&E budgets are an important area of expense control. Travel & Entertainment Expense Management (TEM) solutions cover the process of submitting, approving and reimbursing costs incurred by employees while conducting business on behalf of their employer. With over 50% of companies still using manual processes such as Excel spreadsheets or pen and paper, this multi-billion-dollar market will continue to be a major focus area for companies. The following report takes a closer look into the market as well as companies in the ecosystem, M&A and private placement activity.

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