How TravelPerk helps you improve travel expense management

Business travel expense management is a significant challenge for finance managers and admins. With invoices coming in left and right, it’s hard to gain visibility over the whole process.

Manual tools, like spreadsheets and documents, are time-consuming and often don’t give you a full picture of business travel costs and cash flow. Doing things manually involves many different tasks and can lead to errors, which may result in accidentally going over budget or delaying traveller reimbursements.

Luckily, there are solutions and service providers out there that can help. TravelPerk makes your travel expense management process easier—from centralising your invoices all in one place to automating travel policy compliance.

Recently, we’ve introduced some new features to help you get even more value out of invoice management with TravelPerk.

Three ways TravelPerk will help you with travel invoicing and expense management

1. Easily understand and categorise invoices

To understand where your budget is going, it’s helpful to have as much information as possible about each trip. When you receive your online invoices from TravelPerk, you’ll have access to all the payment details and invoice features you need, including:

Business name and address

Unique invoice number

Trip purpose

Travellers on each trip

Cost centres and labels assigned to each trip

This way, you’ll be able to categorise your invoices at a glance and make it easier to forecast and allocate costs.

2. Keep track of VAT and tax data

VAT reclaim is a major consideration for finance managers. But asking travellers to collect VAT invoices from every hotel they stay at is a hassle. It’s easy for travellers to forget this sort of thing during a busy business trip, so you’ll often end up with missing invoices. If this happens, you’ll have to phone each hotel individually to ask them to send invoices to you.

To simplify your invoice management process, TravelPerk is now providing our new UK customers with a single, consolidated invoice, issued by our local entity in the UK. You can choose to receive these invoices instantly, weekly, or monthly.

Invoices issued to new Premium and Pro customers will include a VAT breakdown of costs incurred at hotels within the UK. Over the next few months, we will be adding others as well. These invoices can be paid using the main online payment methods and payment solutions offered by TravelPerk (credit card, bank transfer, BACS direct debit). They can also be used as billback documents, so you can spend less time managing your quarterly VAT submissions.

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This is just one of the many ways the TravelPerk platform can help you manage VAT costs, whether you’re in the UK or elsewhere. You can also:

Use our extensive travel inventory (the world’s largest) to find more VAT-recoverable booking options

Save time with our VAT-ready invoices, or use our invoice collection service

Calculate your reclaims with our VAT refund calculator

Streamline your process by integrating TravelPerk with your expense management or invoicing software and VAT reclaim apps

Use our VAT insights reports to help you plan your budget and save more money

See how easy it is find out how much VAT you could recover

3. Customise your expense reports

Different companies have different requirements for expense reporting. Your travel management software should offer an easy way to create the exact type of reports you need. That’s why you can now create a customised .csv file download of all your company’s travel data within TravelPerk, so you can do reporting your way.

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Improve your invoicing and expense processes today
Wondering how you can start improving your invoice management and payment process today? Book a demo today.

How TravelPerk helps you improve travel expense management

Three ways TravelPerk will help you with travel invoicing and expense management

1. Easily understand and categorise invoices

2. Keep track of VAT and tax data

3. Customise your expense reports

Make business travel simpler. Forever.

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