ReportsnReports.com adds a new research report Global Travel and Expense Management Software Market 2016-2020. Global Travel and Expense Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
This analyst forecast the global travel and expense management software market to grow at a CAGR of 6.96% and 7.70% respectively during the period 2016-2020.
Travel and expense management software is deployed by enterprises to manage and audit employee-initiated expenses that include travel and entertainment. The software helps control and monitor expense reports, thereby streamlining the business process and preventing fraud and human error. It also increases visibility across the entire reimbursement claim process, reduces travel costs, and improves the efficiency of enterprises.
This report covers the present scenario and the growth prospects of the global travel and expense management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of travel and expense management software licenses, installation and implementation of software, training, maintenance, and subscriptions.
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