T&E management is a shortened version that's commonly used to refer to travel and expense management.
A travel and expense management acts as a guide for employees of an organisation, even though the T&E management process takes into account everything related to business travels. The policy outlines the steps that must be taken when travelling for business.
A travel and expense policy was established for a number of reasons. The most important one is the requirement for budgetary restraint. Without rules for employees to adhere to, it will turn into a game of guessing. Any business will never benefit from such uncertainty.
A cross-functional team effort is required to develop the best travel and expense policy. The HR team can emphasise the need for employee convenience and comfort while the finance team can talk numbers.
