According to the findings of the Travel and Expense Management Trends Report (2019) published by HubSpot, only 72% of companies have a formal policy regarding travel and expenses. The costs associated with business travel are the second most controllable costs that an organisation bears, coming in second place after salaries. Policies regarding travel and expenses are sets of rules or guidelines that employees are expected to follow whenever they travel on company business. Visit here https://blog.happay.com/travel-and-expense-policy/ and learn more.