FAQ: How do corporate travel management services support multi-currency expenses?
Corporate travel management services support multi-currency expenses by capturing booking data in local and base currencies and integrating with expense and finance systems to ensure accurate reporting and reconciliation.
Why multi-currency support matters
UK businesses travelling internationally often incur expenses in multiple currencies, including:
Airfares priced in foreign currencies
Overseas hotels and ground transport
Ancillary charges and taxes
Without structured management, this can lead to inconsistent reporting, exchange rate discrepancies and increased finance workload.
How multi-currency travel and expense management works
Currency capture at the booking stage
Modern corporate travel platforms record:
Transaction currency
Converted base currency (e.g. GBP)
Exchange rates at the time of booking or invoicing
This ensures transparency and consistency across reporting.
Integration with expense management tools
When integrated with expense systems, travel data:
Flows automatically into expense reports
Applies consistent exchange rate logic
Reduces manual entry by travellers
This is particularly important for businesses with frequent international travel or overseas subsidiaries.
Consolidated reporting
Multi-currency support allows finance teams to:
View spend in local and base currencies
Analyse trends across regions
Simplify VAT, tax and audit processes
The TMC’s role in managing multi-currency complexity
Travel management companies play a key role in ensuring multi-currency functionality works effectively in practice. Providers such as Meon Travel Management configure platforms and integrations so that:
Currency handling aligns with finance policy
Invoices are clear and auditable
International spend is visible and controlled
Reporting supports both operational and statutory requirements
For many UK organisations, this level of configuration and support is difficult to achieve without specialist expertise.
Contact our travel management team today if you require further information.
