Financial News
Stuart Kasin Urges Smarter Travel Spend: Calls for Simpler, Verified Expense Practices
New York, NY - July 3, 2025 - Entrepreneur and travel tech leader Stuart Kasin is calling on business leaders and finance teams to rethink how they manage corporate travel expenses. Drawing from insights shared in a recent interview titled “Inside the Industry: Stuart Kasin on Travel Tech, Start-Ups, and Staying Grounded,” Kasin advocates for practical, transparent systems that reduce waste and restore trust in the travel reimbursement process.
“Companies still run travel spending like it’s 2005,” Kasin said. “There’s too much time wasted verifying receipts after the fact, and too little thought given to making that process fair, fast, and simple.”
Kasin, CEO of BizTravelSolutions, has spent the past several years building tools that make expense verification less manual and more efficient. His experience in finance and founding multiple online ventures has given him a front-row seat to inefficiencies that drain time and morale across organisations.
The Cost of Poor Expense Management
According to a 2024 report by Global Business Travel Association (GBTA), corporate travel spending reached over $1.5 trillion globally, yet companies lose an average of 5% of their total travel budget each year to delayed or inaccurate reimbursements, fraud, and poor tracking.
“It’s not just about the money,” Kasin explained. “When employees don’t trust the system—or when finance teams are buried in receipts—it creates stress and slows down productivity. Everyone loses.”
A Culture Shift, Not Just a Tool
While BizTravelSolutions offers one approach, Kasin says the bigger need is a cultural shift.
“This is about leadership,” he said. “It’s about designing policies that actually make sense for the people using them. Expense systems should serve the team—not the other way around.”
Kasin recommends companies:
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Automate basic verifications
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Eliminate unclear rules and outdated forms
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Design expense policies collaboratively with both travellers and finance departments
He also encourages start-up founders to embed these principles early.
“You don’t need a 100-page policy. You need clarity and trust,” he said. “Start with that and scale from there.”
A Broader Message: Stay Useful
Outside of his software work, Kasin stays grounded through volunteering, music, and time with his family. He says that sense of balance keeps his business decisions focused and human.
“If you want to build something that lasts, make sure it’s useful,” he said. “That applies to products, systems—even how you treat people.”
Call to Action
Kasin’s message is clear: it’s time to simplify. Companies don’t need expensive overhauls. They need leadership that prioritises function, fairness, and forward-thinking tools.
What individuals can do:
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Review your own organisation’s expense process. Where are the bottlenecks?
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Talk to both ends—your finance team and your road warriors.
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Push for clearer policies and faster tools that save time and reduce friction.
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Be vocal about outdated systems that no longer serve your team.
“Don’t wait for someone else to fix it,” Kasin said. “If you see the problem, you’re in the best position to start the change.”
About Stuart Kasin
Stuart Kasin is the CEO of BizTravelSolutions and the founder of multiple digital ventures including Global SUV, Global EVS, and Grape News. With a background in finance and technology, he builds smart tools that solve real-world problems. He is also a dedicated volunteer, family man, and music lover who believes innovation works best when it’s simple and people-centred.
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