Nearly 40 per cent of business travellers in Asia-Pacific admit to using their company cards for personal purchases, even when their companies have specific policies against such practices, a recent study says.
According to global travel management firm Carlson Wagonlit Travel (CWT), 69 per cent of business travellers in the region polled said their companies have policies against using corporate cards for personal purchases, with an enforcement ration of 87 per cent. However, this doesn’t seem to have deterred 38 per cent of them who admitted to doing so in violation of such policies.
The issue is cause for concern for companies that issue employees with company credit cards, says Christophe Renard, vice president of CWT Solutions Group, the consultancy arm of CWT.
“Travel managers need to address the misuse of company cards – and also work out why travellers don’t follow the rules,” said Renard.
That being said, the issue is less pronounced among business travellers in Asia-Pacific than those in America and Europe, where 46 per cent of business travellers admitted to using company cards for personal use. This is despite employers in Asia-Pacific being most likely to provide company cards to their employees (67 per cent).