A Travel and Expense (T&E) Policy is an important document for any business or organization. It sets out the rules and guidelines that must be followed when it comes to spending on travel and other expenses, which can help to keep costs under control and ensure efficient management of funds. The policy should cover topics such as eligible expenses, allowable reimbursement amounts, preferred vendors or services, claims submission processes, receipt requirements, etc. Crucially, it should also detail disciplinary measures to be taken in the event that employees fail to comply with the policy. In short, a Travel and Expense Policy helps organizations to strike the right balance between financial prudence and providing the necessary resources to support their staff in carrying out their duties.