Travel Spend Management is an essential business process that helps ensure companies are optimizing the financial resources they devote to travel expenses. It involves tracking, analyzing and reporting on employee travel expenses in order to identify areas where money can be saved. By proactively managing travel spend, companies can minimize costs, maximize efficiency, and better understand their overall travel costs. Ultimately, Travel Spend Management is about gaining control over your travel expenditures so that you can make smart, informed decisions about where to allocate your budget.