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Today more than ever, business is conducted on a global stage. U.S. based businesses are faced with an opportunity and challenge to reach beyond their boundaries to remain competitive. Political, economic and technological changes, such as privatization, free trade agreements, currency stabilization and electronic communications, create new opportunities in the global marketplace every day. Worldwide companies spend over $400 billion each year on an estimated 75 million business trips. Increasingly, these are international trips that are typically more expensive, harder to budget and control and more stressful for employees.
Multinational companies today are increasing their efforts to consolidate global T & E spending to ensure best -in-class savings, consistent service levels and maximum productivity and efficiencies. A global travel management program can help U.S. businesses compete globally by reducing worldwide travel and entertainment costs.