Indian CFOs see rise in spend on travel, entertainment, says report

A majority of Indian chief finance executives expect increase in spending on travel and entertainment this year and are likely to invest in improving administrative process efficiencies to help meet their business priorities, a survey said today. According to the Global Business & Spending Outlook Survey commissioned by American Express, 37 per cent of the CFOs surveyed said they are likely to spend more on travel and entertainment (T&E) in 2018 as compared to last year. Besides, 50 per cent of CFOs surveyed maintained that they are likely to keep the spending same as last year. The survey conducted by Institutional Investor Thought Leadership Studio mapped the CFOs outlook for January-December 2018. Senior financial executives in India also plan to increase their companies' workforce in the year ahead, with 97 per cent of survey respondents anticipating an uptick in their companies' headcount in the coming year. In an effort to attract and retain top talent, companies are ...

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