US companies are still investing in business travel – and they’re paying more for it, according to the Q2 Replicon Productivity Index. That data, based on US Bureau of Transportation statistics and information from nearly 10,000 Replicon, shows businesses are spending about $440 per flight, nearly 25 percent more than average domestic airfare of $357. Airfare makes up for nearly half (40 percent) of a company’s overall travel costs.

The Replicon Productivity Index found companies are already spending an average of $323 on hotel fees, accounting for nearly a quarter of their overall travel expenses. Taxi and transportation makes up another 20 percent of travel costs – an expense that will likely increase as gas prices continue to fluctuate.

Replicon is a provider of web-based timesheet and expense management software. Its detailed tracking and reporting helps managers:

  • track expenses using an intuitive interface. Users enter expenses in multiple currencies, track exchange rates and tax codes, and can upload digital receipts for immediate processing.
  • configure expense types. Define custom tax codes to automatically calculate the appropriate taxes for each type of expense. Manage multiple currencies and exchange rates for accurate tracking and reimbursement.
  • manage project-related expenses. Tailor the allowed expenses for each project to ensure accuracy. Track actual expenses incurred against the set estimate to make sure projects stay on budget.
  • gather multi-level approvals. Set up approval paths that include people at various levels within the organization (up to five levels) and set specific sequences.
  • create comprehensive reporting. Get real-time visibility into reimbursable and non-reimbursable expenses. Configure reports on-the-fly with a dynamic report writing tool. Save and share reports in PDF or Excel format.
  • set security and permissions. Ensure that only the appropriate people have access to data. Assign permissions to individual users or groups based on department, user group, or employee type.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

What Is Resource Utilization and How Do You Calculate It?

  Growing your service business is the main priority for every leader. And onboarding more people is not always the solution for that. The success and growth of every organization…Read More

5 Ways Time Is Lost at Your Organization and How to Fix It

  Of all the resources that organizations have at their disposal, the most invaluable is time. Time is limited. Every day, an organization has only a set number of hours…Read More

Why Large Service Organizations Should Focus on Data Governance For Time Tracking To Drive Business Growth?

Intelligent data governance around time tracking drives business value, supports improved decision making processes and leads to transformation. Yet, the fact remains that existing data governance methods around time tracking…Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Enterprise Time Tracking
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others