Faced with rising travel expenses, chief financial officers and finance executives are growing ever more aware of travel costs and policy compliance, according to an America Express survey of financial executives at more than 250 companies, mostly in the midmarket category.

While travel managers for years have worked diligently to monitor travel spend and boost traveler compliance, higher-ups also are taking notice, as 63 percent said they are reviewing T&E costs more closely. Anre Williams, U.S. commercial card executive vice president at American Express, said that while Sarbanes-Oxley is spurring growing awareness of policy compliance and spend, growing corporate oversight goes beyond a single law. "From our conversations with clients, they're becoming increasingly concerned about compliance in a number of different areas," Williams said. "It's not just larger corporate governance like Sarbanes-Oxley. They want to make sure they're being good corporate citizens, whether they're public or private."

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