A travel management company (TMC) can improve cash flow by offering credit terms instead of requiring payment upfront. This allows businesses to pay for travel after it has taken place.
How it works
- Travel is booked as needed
- Payment is deferred based on agreed terms
- Common terms include 14, 30 or 60 days
- Invoicing aligns with your finance processes
What it improves
- Reduces pressure on cash flow
- Limits reliance on employee cards
- Simplifies expense and reimbursement processes
- Improves predictability of travel spend
For businesses managing increasing travel activity, this provides a more structured and manageable approach to payment.
If travel costs are currently paid upfront or spread across multiple methods, this is often where improvements can be made.
