logo
Corporate Travel's New Boss: The Finance Department

Corporate Travel's New Boss: The Finance Department

Skift4 days ago

Finance teams have quietly become power players in corporate travel. The shift began years ago but has sped up post-pandemic. The challenge now? Ensuring that the traveler experience and domain expertise aren't lost in the numbers.
The balance of power in corporate travel decision-making has been shifting for years — but in 2025, the trend has become unmistakable.
Travel programs, once firmly in the hands of procurement or travel departments, are now increasingly led or co-owned by finance teams. According to travel managers interviewed by Skift, finance is no longer just reviewing expense reports — it's shaping policy, selecting platforms, and tightening oversight.
'We provide input, but HR, finance, and procurement all weigh in,' said Sushant Saini, a corporate travel and expense manager. 'Post-Covid, finance has taken a much more active role. They're focused on every detail.'
One travel manager, who requested anonymity, said the shift began before the pandemic but accelerated significantly during it.
Do Finance Departments See the Whole Picture?
Companies are embracing a more cross-functional approach to travel management, but the finance-first mindset is clearly gaining ground. In many organizations, finance departments now hold primary or shared ownership over travel policy, signaling a deeper strategic integration.
While the increased structure and data rigor are welcomed, the transition hasn't been frictionless.
'Travel management goes beyond numbers and data,' Saini said. 'While finance brings structure, travel requires soft skills and negotiation to deliver real value. Being proactive and using smarter tools helps build trust across teams.'
The anonymous travel manager echoed the sentiment. 'Finance often overlooks the human side of travel programs. Sometimes you need to be more than logical to get better deals or compliance,' she said.
Still, both agreed that finance's growing role — when paired with the operational expertise of travel managers — has the potential to create smarter, more agile programs.
Travel Managers Adapt to Finance's Growing Influence
Travel Management Companies (TMCs) are rolling out new tools to support finance's deeper role in travel oversight.
'Eighty-one percent of CFOs now see themselves as primary growth drivers,' said Chris Juneau, SVP of Product Marketing at SAP Concur, citing findings from the company's CFO Insights report.
Concur's new tools, including Concur Verify and the AI copilot Joule, aim to improve accuracy, streamline expense audits, and deliver real-time analytics.
At Navan, Chief Financial Officer Amy Butte emphasized the need for visibility and control.
'In the past, finance only saw travel spend after the fact,' Butte said. 'Now, with our Advanced Analytics, they can spot trends, policy violations, and savings opportunities in real time.'
Emburse: General Motors Finance Had Improved Control
Emburse CEO Marne Martin said its Travel and Expense Analytics platform was built to solve finance leaders' pain points, including fragmented systems, unclear data, and poor visibility.
Martin cited General Mills as a case study. With over 34,000 employees, General Mills adopted Emburse Go to centralize travel and expense management via a mobile app. This helped improve compliance and gave finance and employees better control and visibility.
AI-driven features, Martin said, are increasingly helping finance teams enforce policies dynamically, adjusting per diems by city, identifying fraud, and analyzing spending behavior with little manual intervention.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Should You Buy or Rent Your Router? The Wrong Choice Set Me Back Nearly $1,000
Should You Buy or Rent Your Router? The Wrong Choice Set Me Back Nearly $1,000

CNET

time33 minutes ago

  • CNET

Should You Buy or Rent Your Router? The Wrong Choice Set Me Back Nearly $1,000

I've been writing about the internet for six years, and for most of them, I carried around a shameful secret: I rented a Wi-Fi router from Xfinity. Even though I've always advised readers to buy their own equipment, my rented modem and router worked fine. But all that time, in the back of my mind, I knew it was a waste of money. A monthly charge of $15 for internet equipment doesn't seem too bad when you're first signing up for internet, but after a few years of paying that monthly fee, you'll quickly rack up hundreds of dollars for a cost you could have avoided. When I looked through my old bills and added up the cost of renting internet equipment, I found I spent $873 on Xfinity's equipment fees over those six years. Buying your router and modem may seem like a hefty upfront cost, but it will likely pay for itself in the first year. With the money I've spent renting Xfinity equipment, I could've bought the most advanced router CNET's ever tested and then bought another as a backup. I could've doubled the internet speed I was getting. I could've booked a flight to Oslo. I was finally ready to enter the world of modem and router ownership. Locating local internet providers As satisfied as I was with my Xfinity gear, owning your own equipment is almost always the better option. You'll often get better performance -- my upload speeds increased by more than 2,000%. As I said, it'll usually pay for itself within the first year or two. The average internet bill in the US comes in at $78 per month -- and that's before you add the extra taxes and fees, which you should be able to see on your ISP's broadband nutrition label. Some of these are unavoidable, but equipment rental fees don't fall into that category. You might be perfectly content to pay a bit extra for the convenience of not having to buy and set up your own equipment. But if you're looking to save money in the long run and are comfortable purchasing and managing your own gear, it's a far better deal to shell out for your own router and modem. You may also be able to take advantage of any low-income discounts available in your state if you qualify. Here's what I've learned about making the switch from rented equipment to my own, and here's how you can make a similar change as painless as possible. How to choose the right modem and router The best internet is the internet you never notice, and I can't remember the last time my connection went out or I saw a buffering wheel in my home. And this is all with a device from 2017 that Xfinity describes as an "old Wireless Gateway with limited speeds and functionality." This goes to show how much the type of internet user you are has to do with what kind of equipment you need. I live in a 750-square-foot apartment, and my internet needs are mostly limited to video calls and TV streaming. If you live in a larger home with multiple floors, the same router likely won't cut it. Similarly, activities like online gaming hinge on split-second reactions. If this instantaneous responsiveness is important to you, it's probably worth investing in a gaming router that minimizes lag. Wi-Fi routers run the gamut from entry-level models like the TP-Link AC1200 for $30 to ultra-advanced mesh systems like the Netgear Orbi 970 Series for $1,500. To test each Wi-Fi router, CNET runs three speed tests in five different rooms in our testing facility, logging results for download speed, upload speed and latency. That process is repeated six times, accounting for variations in network performance at different times of the day. Ry Crist/CNET After consulting our picks for the best Wi-Fi routers, I decided to go with a budget pick: the TP-Link Archer AX21, of which my former CNET colleague and router connoisseur Ry Crist wrote, "It's nothing fancy, but it offered near flawless performance for small- to medium-size homes in our tests, and it's a cinch to setup." I get only 200Mbps through my Xfinity plan, so the 700Mbps speed the TP-Link hits at close range is more than enough juice and only cost $85 when I bought it. (Several government agencies have since opened investigations into TP-Link for ties to Chinese cyberattacks. But I don't have any plans to replace my TP-Link router just yet.) A cable modem like the Hitron CODA connects your home to your internet provider through a coaxial cable. Hitron Do you need to buy a modem? Depending on your internet connection, you may need to purchase a cable modem in addition to your router. Some ISPs, like Spectrum, include the modem for free but charge extra for a router. The main thing to look for in a modem is compatibility. Your internet provider will have a page on their website that lists all the models that it works with, and you shouldn't stray from this. You may also have a choice between DOCSIS 3.0 and 3.1; the newer standard provides faster speeds, but DOCSIS 3.1 modems are typically more expensive. (Note: Although some ISPs have DOCSIS 4.0 modems available to rent, most are not yet widely available for purchase.) Other things to consider are the modem's speed limits -- make sure they're equal to or above your internet plan -- and the number of Ethernet ports. Xfinity doesn't provide a free modem, so I had to buy one in addition to a Wi-Fi router. I opted for the Hitron CODA Modem -- a DOCSIS 3.1 model that's one of the cheapest Xfinity-compatible models I could find for $100 at the time I purchased it. It supports download speeds up to only 867Mbps, but that's still far more than my Xfinity plan. How to set up your new modem and router Ordering the equipment is the easy part; the ordeal of setting up third-party equipment is what keeps many customers on the hook for years. The process is largely the same whether you're starting service fresh with a new provider or swapping out old equipment. Here's everything you'll need to do. 1. Activate your new modem with your ISP The modem is the piece of equipment that brings the internet to your home through a coaxial cable connected to your internet provider's network. Before it can work, ISPs need to tie your specific modem to your account. If you're replacing old equipment, they will also turn this off as they activate the new modem. ISPs do this by logging your MAC (media access control) number, which can be found on the bottom of the modem. You can typically do this through your internet provider's app, in a live chat or by calling a customer service number. 2. Connect the coax cable to your modem After your new modem's MAC address is registered with your ISP, you'll be prompted to connect your modem to the cable outlet in your wall and plug it into a power outlet. You may have to wait up to 5 minutes, and your modem's lights will tell you when it's receiving the internet signal. Once the indicator lights are on, you're ready to set up your wireless router. This TP-Link router offers wireless access to your modem's connection with the web (hence the antennas). Ry Crist/CNET 3. Set up your Wi-Fi router Each Wi-Fi router has its own setup process, so you'll want to follow the instructions provided. In the case of the TP-Link Archer AX21, that meant unplugging the modem's power, connecting the modem to the router's WAN port via an Ethernet cable, powering on the modem and then plugging the router into a power outlet. From there, I set up my new network through the TP-Link app. That's the short version. There's a lot more to consider when setting up a wireless router, including choosing the optimal location, setting up parental controls and protecting your privacy. For my purposes, though, I was ready to start testing out my new internet connection. Speed comparison: Which setup is fastest? I wanted to see how my new modem and router would compare with my old equipment, so I ran speed tests before and after I was connected: one from my desk next to the router and one from the furthest corner of my apartment (regrettably, the bathroom). My old modem and router returned 164/5Mbps speeds from my desk and 143/5Mbps from the bathroom -- not bad for an internet plan that advertises 200/10Mbps speeds. But the speeds with my new equipment were eye-popping: 237/118Mbps at both my desk and my bathroom. I didn't just save money by purchasing my own equipment -- I'm actually getting a significant speed boost, too. Joe Supan / CNET I have no idea why my new equipment picked up 10 times the upload speeds of my old one. I subscribe to Xfinity's Connect More plan, which is supposed to get only 10Mbps upload speeds. In 2022, Xfinity announced that it was increasing upload speeds on my plan to 100Mbps -- but only for customers who pay for its $25-per-month xFi Complete equipment. Apparently, I'm reaping those same benefits with my new modem and router. My best guess is that the upgrade from a DOCSIS 3.0 to a 3.1 modem is the main reason for the jump in upload speeds. How to save yourself some headaches I eventually got my modem and router set up properly, but I made plenty of mistakes along the way. Here's what I would do differently: Buy your modem and router on day one. Moving is a pain, and no one wants to make their to-do list even longer, but this is one task where the extra effort pays off (nearly a thousand dollars in my case). A technician Use your ISP's list of compatible modems. Routers aren't tied to specific providers, but if you have to purchase your own modem, you'll need to make sure that it works with your ISP. Don't cut corners here. I searched Amazon for a modem that said it was compatible with Xfinity and ended up having to return it a week -- and several hours of phone calls -- later. Your provider should have a page where it lists all the modems that it works with -- don't stray from this. Pay for only the speed you need. Internet equipment is expensive, and there's no reason to pay for a modem certified for 2,000Mbps when you're getting only 200Mbps with your plan. The same goes for routers -- you don't need to pay top dollar for a gaming router with exceptional latency if you're just streaming TV and scrolling the internet. My final thoughts Setting up a new modem and router is not fun, but it's absolutely worth it. My internet speeds have dramatically improved, and I'm paying significantly less for them. I'm saving $15 per month on equipment, and somewhere along the line, an Xfinity agent bumped my plan price down for the following year. My monthly bill went from $78.54 to $50. That's far more than I expected to save, and my new equipment paid for itself within the first six months. My only regret is that I didn't make the leap sooner.

$75 billion firm wins carve-out in tax bill after lobbying push
$75 billion firm wins carve-out in tax bill after lobbying push

Washington Post

timean hour ago

  • Washington Post

$75 billion firm wins carve-out in tax bill after lobbying push

The tax bill before Congress would partially exempt the U.S. Virgin Islands from a law meant to crack down on tax havens, after a lobbying campaign by the territory's government and a large private credit firm that stands to benefit from the measure. Over the past three years, an affiliate of the credit giant Golub Capital paid a Washington firm more than $500,000 to urge Congress to relax a global minimum tax approved as part of the 2017 GOP tax law, lobbying disclosures show. The push was supported by the Virgin Islands' governor and Democratic member of Congress. House Republicans included a bipartisan provision partially exempting the Virgin Islands from that law in the tax legislation they approved last month — a decision that has puzzled experts on both the left and right, who say it has little clear policy justification.

Keir Starmer's Quest to Keep Everything from Escalating
Keir Starmer's Quest to Keep Everything from Escalating

Bloomberg

timean hour ago

  • Bloomberg

Keir Starmer's Quest to Keep Everything from Escalating

Bloomberg Weekend The UK prime minister is 'gravely concerned' about Israel and Iran, Mali has a mud-brick building problem, and men in finance are suffering from pelvic-floor dysfunction. By Save Welcome to the weekend! This week, the companies behind many of China's most popular AI chatbots disabled some of their services prior to an annual event in which millions of Chinese citizens take part. What was it? Find out with this week's Pointed quiz.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store