Sunday, May 23, 2010

Travel Planning - 300% Actual

Lesson Learned:  Ensuring you have enough funds obligated to cover expenses incurred during travel is important.  Sometimes 125% Conference is not enough.  Here are some considerations that may require increasing the obligation to 300%:

  • Is the hotel cost going to be covered under the 125%?
  • Has the car rental final bill (daily rate plus additional fees) enough?
  • Ground transportation on international travel, paid outside Sato and paid with FX currencies considered?
Communicating with the traveler prior to creating a travel plan, may just save you time and an amendment.  When the funds are expended, post-trip, any funds under the 300% but above the 125% will be released back into the overall budget.

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