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| Author: | Enzweiler, T. |
| Title: | Die billige Tour = Travel cost reduction at the Axel Springer Verlag AG ! Axel Springer Verlag AG |
| Journal: | Manager Magazin
1993 : OCT, VOL. 23:10, p. 208-215 |
| Index terms: | BUSINESS TRAVEL COST REDUCTION PUBLISHING INDUSTRY GERMANY CREDIT CARDS |
| Language: | ger |
| Abstract: | Yearly costs of business travels at Axel Springer have increased to 1.3-1.5 millions DM by the beginning of the 1990s. Firm management decided to make rationalization measures in order to save money and have greater control of this cost category. According to the proposals of two consultants, Corporate Credit Cards have been introduced and given at the disposal of 3500 employees. Using corporate cards, ready cash could be almost entirely eliminated from travel expenses, the company could get extra interests on travel cost deposits and the whole cost category became more transparent for company management. The corporate cards brought 200,000 DM savings in the first year of their application. |
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