Travel Expense Management refers to the process of tracking, controlling, and reporting expenses incurred during business travel. This includes costs such as transportation, accommodation, meals, and other related expenses. Companies often implement policies and tools to ensure that these expenses are documented accurately and reimbursed promptly. Effective Travel Expense Management helps organizations maintain budget control and ensures compliance with financial regulations. By using software solutions, businesses can streamline the approval process, reduce errors, and gain insights into travel spending patterns, ultimately leading to more informed decision-making regarding future travel policies.