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Best practices for travelexpensemanagementTravelexpensemanagement 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.
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 travelexpensemanagement page.
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. Businesses need options when it comes to ground travel, Mac recently told PYMNTS.
The ridesharing space continues to hit new milestones in the corporate travel space, with businesses choosing to spend their money on these services as opposed to traditional taxis. Meanwhile, taxis continue to lose market share, dropping 2 percent to holding 12 percent of ground transportation transactions in the quarter.
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.
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.
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.
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.
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.
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?
13), Brex revealed that corporate cardholders will be able to book flights and hotels through the Brex platform, and be able to redeem rewards points when paying for travel. ” “Startups have a disadvantage when booking corporate travel,” added TravelBank CEO Duke Chung in another statement. We want to fix that.”
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.”.
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.”.
According to Travel Leaders Group, only 10.5 percent of travelmanagers surveyed said more than 10 percent of their own clients use alternative travel suppliers.
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.
. “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
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 .
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.
of business travel agents said their clients aren’t using Airbnb and similar alternative accommodation services, despite Airbnb recently launching its B2B solutions, as well as reporting a steady increase in corporate use of the on-demand tool. SMEs are on board with the tactic to boost national economic health overall. percent.
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.
Roughly two-thirds of travelers say they book hotel, airline and ground transportation via approved channels as outlined under corporate travel policy. Other data points underscore how corporate travelers’ priorities stray from those of their managers.
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