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Presented by Stormy Smelcer , First Horizon Nat’l Corp. BEGINS AT 1:35pm EST. Introduction. Stormy Smelcer First Horizon National Corporation Vice President, Procurement Operations Areas of responsibility Procurement IT Fixed Assets Corporate Travel First Horizon National Association
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Presented by Stormy Smelcer, First Horizon Nat’l Corp. BEGINS AT 1:35pm EST
Introduction • Stormy Smelcer • First Horizon National Corporation • Vice President, Procurement Operations • Areas of responsibility • Procurement • IT Fixed Assets • Corporate Travel • First Horizon National Association • 4,600 employees • Provide financial services through more than 170 bank locations in and around Tennessee • 18 FTN Financial Group offices in the U.S. and abroad
Focus on Travel and Entertainment • Travel expenses are discretionary and can be controlled
Travel and Entertainment Guideline • T&E guideline should be updated on a regular basis as travel patterns and industry changes • T&E guideline ensures that employees understand corporate objectives and program enhancements • Effective guideline is clear and enforceable
Travel Management Company • Travel Management Company “TMC” allows corporations to effectively manage corporate travel • TMC allows employees to book travel within the corporate guideline • TMC is a point of contact to assist employees with travel questions, ticket changes and general travel questions
Expense Submission • Electronic expense submission allows for reporting and compliance analysis • Receipts are stored electronically along with required expense details • Process is easily documented and audited
Reporting • Detailed reporting drives change • Spend has decreased 18% over the past two years • Reporting allows detailed tracking for spend and provides executable action items for management
Wireless Reporting • Detailed reporting drives change • Current corporate wireless program for on call and support positions • Wireless spend decreased 88%
Future of Corporate Travel • Improve employee experience with booking and understanding corporate travel • Travel Management Company • Incorporate ghost credit card