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Likewise, larger enterprise businesses get nervous about too many T&E expenses as they can be difficult to track when multiple employees travel and often use bank-held company cards and separate expensemanagement software. What expenses are included in T&E?
Luckily, the integration of travel booking software into expensemanagement software provides visibility and control without slowing down your road warriors. As anyone who’s taken a trip recently realizes, airfare and hotels are particularly expensive right now. Why is business travel lagging behind? in additional revenue.
As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travel expenses. Dealing with never-ending expense claims can prove to be a tedious and time-consuming task that uses up important resources.
In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. But it was an embedded finance FinTech that took home more than half of the funding announced. Its micro-financing portal targets SMBs that cannot access capital via traditional means.
At times, gig workers have to tap into alternative (and sometimes expensive) financing sources. To that end, as Steady CEO Adam Roseman told Karen Webster, platforms can help gig workers find steady work, and set and achieve financial goals at the same time — a combination of job search and money management.
KDS, which provides corporate travel and expensemanagement software, said earlier this month that it has partnered with TBR Global Chauffeuring. The syncing with these added ground transportation services takes place with flights and hotels (also via mobile), but for back-office functions, there is the need for cost control.
Challenger banks targeting small businesses with a range of digital-native services became a bright spot in this week’s roundup, though logistics and expensemanagement also landed on the board. The company aims to differentiate itself by offering services beyond standard banking, including accounting and payroll capabilities.
However, transporting shipments from coast to coast presents a host of challenges. PYMNTS recently caught up with nonprofit Women in Trucking Association , and several truck drivers, to discuss what it takes to ease on-the-job expensemanagement. Trucking is a major American job sector, as 3.5 On The Road As A Company Driver.
This week’s look at the latest in commercial card innovation explores the latest technology offerings adding new incentives for businesses to make that switch, from cash-back rewards to streamlined employee expensemanagement and faster access to earned revenues. Transportation Drags WEX’s Fleet Card Segment.
The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expensemanagement FinTech solutions, too. “What does this mean for finance leaders? It means that an already difficult-to-control expense just got a little harder.”
The company will introduce new features to its offering, including expensemanagement, asset management and performance management for its small business users. Targeting the freight brokerage and transportationmanagement industry, Arrive Logistics , based in Texas, secured $25 million from investors.
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