SVB T&E Travel & Expense Management Platform

Businesses can reduce the time, cost and complexity of managing expenses using a spend management solution like the SVB T&E Travel & Expense Management platform.

Travel expense can include any cost incurred related to business travel. Common categories include transportation (e.g., airfare, trains, ride-shares, rental cars and fuel), lodging (hotels and short-term rentals) and meals.  

SVB T&E lets you book travel directly on the platform and expense it automatically.

The T&E process covers how employees make payments on behalf of the company. It includes receipt capture, manager approvals, payments, reimbursements and reconciliation. With a modern spend management platform like SVB T&E, the process becomes streamlined and automated, saving time and increasing control over spending. 

Spend management provides a company with the tools to gain visibility and control over all non-payroll related spending including accounts payables. Expense management has a narrower focus, helping to address the particular challenges employees face when they spend on behalf of the company. 

You can think about business expenses as falling into one of four types: fixed expenses, variable expenses, operating expenses and non-operating expenses. But to gain insights into your business, you need the freedom to classify expenses the way that makes the most sense to you. SVB T&E enables you to classify expenses your way and use custom mapping to automate the flow of data directly into your accounting system.