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Travel costs and expenses account for a considerable share of expenditures in many companies. Due to their complexity, however, analyzing these expenditures is often difficult and their evaluation merely descriptive. Now, however, CWT offers a tool that makes more meaningful insights possible: the T&E Decision Tree. With a special algorithm, expenditures are divided into categories and then analyzed further.
Travel managers thus have at their disposal not only an overview of products or services that have generated costs during a trip, but also information about travel behavior and the business context (reason for travel, etc.) behind the expenditures. In a simple graphical representation (the Decision Tree), they learn what the money was spent on and what measures they can take to influence travel behavior and context and thus reduce travel spend.
For more information on the T&E Decision Tree, see: www.carlsonwagonlit.com