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PEX issues Visa -branded debit cards, paired with a spendmanagement app, to small businesses (SMBs) that need a solution for the part of workforce spend that is anything but predictable — related to specific tasks and, by its very nature, usually ad hoc. Lately, Grant noted, prepaid has seen a bit of resurgence in the U.S.
It’s for a good reason, considering business spend on services like these has spiked in recent years. The latest stats from travel and expense company Certify revealed that Uber secured 56 percent of ground transportationexpenses for Certify customers in 2017, up from 52 percent in 2016.
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.
Rydoo, the mobile T&E app resulting from a collaboration between Sodexo, Xpenditure and iAlbatros, is integrating its expensemanagement capabilities with Uber. 10) said Rydoo is linking into Uber for Business to streamline corporate travelers’ reimbursement and expense reporting processes.
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.
While fleets are essential, operating a network of vehicles can be messy for many SMBs, especially when it comes to reimbursing employees for on-the-job spending. Workforce and spendmanagement tools are being deployed to scrub the inefficiencies from SMBs’ reimbursement processes. About The Playbook.
Expensify cardholders have the ability to reserve airline travel, lodging and rental cars by chatting with a concierge on the expensemanagement company’s platform, while all reservations come with Global Rescue services and alerts in addition to safety kits, the release states.
Lyft made progress over its rival Uber this year when corporate travel and expensemanagement firm Certify released data that found a 9 percent increase in the percentage of Lyft ride-hailing trips expensed on its platform. The ride-hailing and ground transportation competition in the U.S.
But the use of these innovations goes beyond ground transport. “Companies who partner with a TMC [travel management company] like GBT can use technologies and resources to locate, communicate with and assist travelers in times of need,” the executive explained.
In India, where investors have shied away from alternative nonbank financial companies as of late, one small business (SMB) lender managed to secure an impressive funding round. Other investment targets included a Chinese B2B eCommerce platform with a niche focus, an InsurTech startup targeting gig workers and corporate spendmanagement firm.
Uber for Business expanded its expensemanagement capabilities for corporate travelers last March when it announced partnerships with Certify, Expensify and Chrome River, all to automate the capture of ride transaction data for an expense report.
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