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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. Read more about mileage expenses and per diems on our travel expensemanagement page.
Best practices for travel expensemanagement Travel expensemanagement can be overwhelming, especially if your business revolves around international clientele. Dealing with never-ending expense claims can prove to be a tedious and time-consuming task that uses up important resources.
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. The B2B ground transportation segment also has to cater to the differing corporate cultures around the world.
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 its Q3 report, travel and expensemanagement firm Certify found that Uber and Lyft together accounted for the majority of corporate spend on ground transportation, showing that on-demand ridesharing services have now surpassed traditional taxis in popularity for business travelers.
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.
Panelists included Ariel Cohen , CEO of travel management firm TripActions ; Bob Youakim , CEO of Passport , which focuses on transportationmanagement software; Chris Ward , head of Products and Innovation, Treasury Management at PNC ; and Sunil Sharma , chief technology officer and chief product officer at freight management firm Cargomatic.
Biswajeet Sinha , Senior Divisional Head at Fino Payments Bank, said cash digitization through cash management is “one of the key services” provided to partners with large cash flow. Over 450,000 transporters across the state use Smartfleet, the report says, and BPCL expects the daily recharge to be over ? Repairs factor in, too.
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.
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.
He said that leveraging data that can be used for expensemanagement can be used by gig workers to increase their personal incomes or top lines. Through that connection, Steady offers an income tracker that can help gig workers gain personal finance insight, manageexpenses, and plan for tax season.
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. It was a niche B2B eCommerce platform for the architecture and design arena, however, that landed the most funding. and Mexico.
American Express’ corporate travel unit, Global Business Travel (GBT), is integrating Lyft as the latest ride-sharing service supported by the business travel booking and expensemanagement solution. Users can also take advantage of integrated data from Lyft trips and payments for reporting, compliance, analysis and duty of care.
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.
FlitWays Technology , a company enabling ground transportation booking, is expanding its B2B offering across Europe. 22) said FlitWays is launching its business travel booking tool in London, Milan, Berlin, Paris and Barcelona to address businesses’ ground transportationmanagement and expensemanagement needs in these markets.
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.
The solution is powered through a partnership with corporate travel and expensemanagement solutions company TravelBank , the company said, adding that users can earn 4x rewards points when they book on Brex Travel, and redeem those points for future business travel. In an announcement today (Thursday, Dec. We want to fix that.”
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. “Technology and demographic changes are transforming business travel. “See how payments are done with Uber?
The company offers both software and hardware to safeguard corporate systems with a focus on the energy, transportation and defense industries. The second-largest funding round of the week goes to AppZen, a company supporting corporates’ expensemanagement needs and working to reduce employee expense fraud.
FlitWays, a B2B company that helps businesses book ground travel and streamline expensemanagement processes, has enhanced its services and added new features, the company said Monday (July 10). Our goal is to grow corporate sales and target Fortune 1000 companies that need corporate ground transportation solutions.”.
The ride hailing company said in a release that the forwarding feature works as each ride receipt taken under a business profile is automatically forwarded to each user’s designated expensemanagement system. Integrating with expensemanagement systems saves time and creates a seamless experience for employees to do their expenses.”.
As announced earlier this month, travel and expensemanagement firm Concur has linked up with Didi Chuxing, the fabled Uber rival, to streamline expensemanagement in the country. In addition, 95 percent of that spend is domestic in China, and demand for ground transportation is on the rise.”.
Travel and expensemanagement firm Certify uncovered an industry first last year when it found, for the first time, ride-hailing apps like Uber surpassed traditional taxi use for business travelers (at least for those using Certify’s solutions). percent of all ground transportation transactions.”. Has the trend endured?
Despite a slowdown in corporate travel, expensemanagement and travel booking technology provider SalesTrip still managed to impress investors, which pumped $1.4 But it was an embedded finance FinTech that took home more than half of the funding announced. PYMNTS rounds up all the latest deals below. Reports said the U.K.
The release states: “This new integration will provide Upside clients with access to TravelBank’s expensemanagement subscription, which automates expense reports, offers one-tap approvals and provides visibility into business spend.
The rise of Uber, Lyft and other ridesharing services on the corporate expense report represented a significant shift in the ground transportation sector and how business travelers embrace such on-demand services. Employees are beginning to expense electric scooters to their employers, according to recently-published Certify data.
The solution, known as the XL plan, offers customers new features, such as sales proposals, consumer financing, expensemanagement and advance reporting. Logistics solution provider Trimble rolled out a new solution as well for its transportationmanagement system.
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.
The prepaid card is a very useful tool for the ever-increasing number of gig workers who might incur costs — food and transportation, typically — in the course of doing their “gig.” And expensemanagement — and making it transparent and easy on both the worker and the employers — is a place where we can innovate away a lot of lost time.”.
Travel and expensemanagement firm Certify uncovered an industry first last year when it found, for the first time, ride-hailing apps, like Uber, surpassed traditional taxi use for business travelers (at least, for those using Certify’s solutions). percent of all ground transportation transactions.”.
Reports in Business Standard said SAP is collaborating with Carzonrent , integrating the firm’s car rental technology into SAP Concur for automated corporate travel and expensemanagement services. Employees traveling into India can access the integration when using SAP Concur. Vij in a statement.
percent of travel managers surveyed said more than 10 percent of their own clients use alternative travel suppliers. It’s a far cry from the use of alternative transportation suppliers, like Uber and Lyft, however, with more than half of travel managers saying more than 10 percent of their clients use these services.
Traveling employees are increasingly picking Lyft over Uber, according to new data from corporate travel and expensemanagement solutions provider Certify. The analysis compiles data of expense files on the Certify platform and explores patterns in how employees are spending company money.
Between automated expensemanagement tools and mobile-friendly T&E solutions , corporate trips and the reimbursement process that follows should be a breeze. Especially, said T&E firm KDS , because corporate travel is one of the largest areas of corporate expense today. Step 1: Book Your Trip . KDS’ survey of U.S.
Travel and expensemanagement solutions providers are increasingly highlighting the shifting trends of corporate travel, like the rising use of ridesharing solutions. Lyft also enhanced controls for corporate travel managers that want to require employees to choose such codes or add additional notes to their expensed trips.
. “A key takeaway from the report is that companies are increasingly choosing digital brands over traditional providers for everything from meals to office supplies to transportation,” the company said in its announcement. Looking at Q4 2018 data, Certify found that Uber secured 11.9 percent of transactions, and Amazon landed 4.2
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.
Ridesharing continues to grow in popularity with business travelers, with Uber rival Lyft securing 3 percent more of business ground transportation, hitting 11 percent in Q3, Certify found. Lyft’s increase marks the greatest gain for the company since Certify began tracking the data.
146,800: This is the estimated value of fraudulent overtime charges that four Long Island Rail Road workers within New York’s Metropolitan Transportation Authority (MTA) reportedly filed with their employer. More than one-third of professionals surveyed said they feel they lack control over employee spending limits.
Department of Transportation, the U.S. With a growing number of passengers traveling for business purposes, the Deep Dive highlights significant trends that are driving corporate travel and how new payment innovations like mobile wallets and expensemanagement systems can further shake up the market.
The statistic provided by Travel Leaders Group could suggest that, while corporates are willing to use Uber, Lyft and other ground transportation tools other than taxis, when it comes to accommodation, the risks might just be too high. SMEs are on board with the tactic to boost national economic health overall. percent.
Indeed, recent data from corporate travel and expensemanagement company Certify points to Lyft’s ongoing growth in use by corporate customers. Now that the company has begun to partner with travel management companies, it seems the firm is confident in its growth among business travelers.
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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