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One of the most popular is to link a T&E solution to a corporate card product to facilitate integration of payment information; another strategy is to allow for employees to use personal payment methods and capture data after the fact to facilitate expensereimbursements.
Huilianyi was started in 2016 and is a software-as-a-service (SaaS)-based system for travelexpensereimbursement. Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement.
WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expensereimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.
B2B payments may be slow to embrace disruption and innovation, but there is one category of corporate spend that may be ahead of the curve: business travel. Instead, 79 percent said they search through expensereimbursement reports to identify out-of-policy spend.
“With nearly 1 million people activating Business Profiles, business travel has become one of Uber’s fastest-growing segments,” said Uber for Business Lead Max Crowley in a statement at the time.
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