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The vital relation between
Travel & Expense
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Contingency Planning for Corporates

It is difficult to tell when the danger of the Covid-19 will pass, or what the new standard will look like afterwards. One thing is certain business travel is back. The global economy depends on this. If there is a break in active business travel, you can use this time to plan the return.

Revise budget

Things may look a lot changed once the residue settles, so take time to meet with the Management and Finance teams to consider the budgetary spectrum available for travel over what period of time.

Formulate types of business travel

Most businesses are likely to take a staggered approach to restart their engines giving this some strategic thinking and sharing the intentions within the organization will help ensure cohesion of the teams

Re-assess the strategies for handling travel risk

What went wrong, and what didn't? Where did you consider data or coverage limitations that were delaying action? How will you rate your enterprise-wide communication strategy?

Updates strategy and plan

How did the travel system at your company do during the crisis? Involving all of the stakeholders, from the executive team to risk and finance to vendor partners and employees - including road warriors as well as rare travellers - is crucial here to decide whether legislation, software or other program management resources should be considered for enhancements.Business travel is likely to return, very soon. In this time, when we can feel a little weak, it is both motivating and realistic to use this downtime to prepare about what it could and will look like when it returns.

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