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09 September 2011

News - UKTI recognises Travel and Expense Company for global potential

By Ben Turner @ 08:25 :: 1341 Views :: 0 Comments :: Article Rating
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Travel and expense company ComBTAS has entered the UK business travel market and has been recognised by UKTI as having exceptional global potential, helping organisations shrink travel expenditure and help reduce expense fraud.

ComBTAS are responding to a proven and growing need for UK organisations to cut travel and expense costs, without compromising the travel required to boost their business. With nearly 7% of the average company's annual budget allocated to business travel, advanced technology can play a significant role in reducing this bottom-line spend, while also helping organisations reduce their carbon footprint and even curtail expense fraud.

Business travel is a necessity for all UK organisations but it's still a significant cost on the bottom line. These same organisations, however, can potentially make up to 30% savings on their travel and expense budgets and even effectively manage expense fraud with the latest technology that puts the right authorization policies in place and gives access to travel data previously unavailable.

This is good business sense in a normal economic climate but vital in times of austerity,” said Dr. Steven Freudmann, NonExecutive Director of ComBTAS UK. “Budget holders want absolute control and clarity on where their money is being spent and by whom, yet employees want the choice and control to get to a meeting, event or conference with minimal fuss. ComBTAS' simple mission is to make the business travel process for organisations more efficient, clear and economical.

"We constantly seek out the best worldwide entrepreneurs and technologies for the next big thing, the next Google. Having thoroughly reviewed their achievements to date and following our initial technological and commercial evaluation, we view ComBTAS as a proposition of exceptional global potential,” said Andrew Humphries, Dealmaker for the UK Trade & Investment's Global Entrepreneur Programme.
“ComBTAS has a specialised product that will have huge appeal to any company managing a travel budget. The UK is a natural home for a company such as this. Not only will their product appeal to the domestic market but from the UK they will be able to exploit foreign markets abroad equally successfully."
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