Remove Expense Management Remove Expense Reimbursements Remove Travel Expense Management
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WeChat Tests Blockchain For Automated Employee Expense Management

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WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expense reimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.

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How SMBs Prepare For A New Era Of Employee Expenses

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According to Ken Tan , co-founder of Singapore-based small business travel and expense management startup Navisteps , there is cause for optimism. On the other end of the spectrum, however, just under half of those surveyed said it is likely to be only two or three years until the industry recovers.

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Corporate Travel Startup Huilianyi Raises $42M Amid Industry Turmoil

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Huilianyi was started in 2016 and is a software-as-a-service (SaaS)-based system for travel expense reimbursement. A Zhonglin Capital official said, per the announcement, “In the connected era, we are optimistic that business travel and expense management platforms have become standard applications for enterprises.”.

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T&E Firm Integrates With Uber — And Its Rival

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Uber has secured another deal to ease the expense management process for its corporate users — but so has rival Lyft. 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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Corporate Travel Spend Isn’t Digitizing As Fast As Some Would Like

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However, despite the advertised benefits of virtual and mobile payments related to the ability to provide transaction data for automated reconciliation, only about half of survey respondents said they reconcile expenses with booking data.