what is T&E

What is T&E?

Written by
Renata is Content Marketer at Rydoo.

What is T&E? What exactly is a cash advance? What about compensation for mileage? These are all financial-related issues that cross many people’s minds.

That’s why we at Rydoo decided to create a series of videos addressing these concerns and clarifying various words and meanings from the ground up since before we get into the more sophisticated areas of the financial world, we need to know the fundamentals, right?

Watch the first video of our series “T&E for dummies” and get the answer to all your questions about travel and expense.

What is T&E?

The term “T&E” stands for “travel and expense.” T&E is often used to describe the operational cost for businesses related to business travel in a broad sense. It normally includes transportation, meals, business communication, accommodation, and other expense categories that your company’s expense policy includes.

On average 10 % of companies’ budgets go to T&E, meaning that travel and expense are major cost centers. Therefore, it’s not a surprise that when most of the companies are trying to reduce costs, they normally look to their T&E costs.

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We hope this was clarifying for you and that the question “What is T&E?” is finally answered. If you want to know more about the advantages of having an automated software for travel and expense management, book a demo with one of Rydoo’s experts and enjoy a 14 day free trial period.

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Originally published , modified

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