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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.
There are also fixes in the works when it comes to business travelexpensemanagement. Cyber fraud can be a corporate killer if complacency sets in – but there’s an answer for that. Artificial intelligence is set to fuel all kinds of innovations, and Visa is certainly making its plans.
The latest data on corporate travel and expensemanagement trends was released today (Feb. The company analyzed data from its clients and found new patterns in how companies manageexpenses incurred while employees travel. 9) as T&E firm Certify published its newest report.
Happay , a business expensemanagement company based in India, has landed a partnership with HDFC Bank , reports in Business Standard said on Monday (March 5). The company will link HDFC small business (SMB) customers to its travel and expensemanagement solution, which is tied to a prepaid card.
Ride-hailing app Lyft is continuing to target its business travel users through enhancements of expensemanagement support. The platform will display several expense codes from within the Lyft platform that riders can choose from to categorize their expenses for easier filing, the company noted.
Uber for Business is continuing to broaden its corporate expensemanagement support with two new integrations for business travelers. Business travelers using Expensya’s expensemanagement solution will be able to see their Uber trips automatically added into the platform for streamlined record keeping and reconciliation.
17) that UBS will integrate PredictX artificial intelligence and predictive analytics to improve its travel and expensemanagement. According to UBS, the financial institution (FI) is working to develop more accurate corporate travel budgets and forecasts that recognize the nuances of seasonality.
But it can also mean booking rides a year in advance, “which is something businesses love in terms of planning, budgeting and expensemanagement,” the CEO noted. Yes, that sometimes means a quick ride on the fly. The B2B ground transportation segment also has to cater to the differing corporate cultures around the world.
Last year, WeChat announced a partnership with corporate travel and expensemanagement firm Concur, integrating the T&E tool into WeChat to facilitate users’ fapiao tax receipt needs. The fapiao system offers both proof-of-purchase as well as tax data necessary for businesses to comply with tax law.
Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expensemanagement, alternative finance and data integration spaces. 2nd Address.
A new solution by business service provider TMF Group is looking to help corporations manage employee spend, regardless of location. An announcement on Thursday (June 23) said TMF is rolling out InternationalXpense, a platform to automate employee expense claims across more than 80 countries.
According to Ken Tan , co-founder of Singapore-based small business travel and expensemanagement 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.
“Concur TripLink with TripIt Pro is the preferred solution for customers who aren’t a fit for Concur Travel, an online booking tool.” ” Separate reports in Skift on the same day said that SAP Concur rebuffed a buy-back offer from Hipmunk’s founders, Adam Goldstein and Steve Huffman.
SalesTrip , a new corporate travelexpensemanagement firm, is launching its product this week in the U.K. The company has integrated a travel booking and spend management solution that it says is the first to operate on Salesforce , reports in Realwire said on Wednesday (Feb.
It marks the incubator’s quest for a second round of startups to support; its first round included Yoke Payments , which won the PYMNTS.com Best POS Innovation award last year, as well as Spend Secure LLC, which offers mobile payments, accounts payable and travelexpensemanagement solutions. “We
Bank, TravelBank Partner On V-Cards For ExpenseManagement. Bank's Instant Card within TravelBank's travel and expensemanagement platform. In yet another use-case for the virtual card, U.S. Bank and TravelBank have announced a partnership to integrate U.S.
With a cautiously optimistic outlook, corporate travel technology firms continue to press forward to introduce new tools for businesses in preparation for returning T&E spend. For CWT, that means a recently-announced partnership with corporate travelexpensemanagement FinTech SAP Concur.
Corporate expensemanagement platform Captio announced a $1.12 The firm said it will use the latest funding round to help fuel expansion of its travel and spend management solutions. million funding round on Friday (Sept. BBVA and Toyota are among some of its clients, reports noted.
The February Workforce Spend Management Tracker , a collaboration with PEX , tracks how solution providers are seeking to bridge this gap to meet the business travelexpensemanagement needs of SMBs and freelancers. The Latest Workforce Spend Management News. Business travel is a necessity across many industries.
Six corporate travelexpensemanagement and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. With significant scale and disruptive technology, we’re redefining how organizations view travel and expensemanagement and AP automation.
Airbnb revealed a new partnership with business travelmanagement firm AirPlus International to develop a holistic business travel solution, including travel booking, payment, billing and expensemanagement. The new solution will roll out next year, the companies said.
Travel and expensemanagement firm Concur has added new features to its solution empowering employers to gain a new level of transparency over where their employees are while on business trips. Reports on Friday (Oct.
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.
5), highlighting the need for CFOs and other financial managers to embrace travel and expensemanagement technology to keep up with shifts in employee spend habits. Concur is looking to expand the capabilities of its own travel and expensemanagement solution.
TravelExpenseManagement. Corporate travel and expensemanagement startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. Reports said Wholesalebox will also be looking to introduce new features to support stronger buyer-supplier relationships through its platform.
The travel and expensemanagement services of Chrome River are linking up with the corporate travel offerings of Amadeus, the companies announced Thursday (Nov. The deal is an extension of their existing partnership, announced last year, that saw the two firms roll out a corporate travel solution across North America.
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.
Travel and expensemanagement firm Concur announced an acquisition this week in an effort to bolster Concur’s travel search capabilities. Hipmunk’s travel search capabilities will integrate into Concur’s travel and expensemanagement platform.
Travel and ExpenseManagement. the company provides travel, expensemanagement and rewards for corporates, the latter being a unique offering rewarding businesses for booking cheaper travel. VC activity was especially high across the U.S. TravelBank. Based in the U.S.,
India’s HDFC Bank has teamed up with Mastercard and SAP Concur to manage corporate travel and expensemanagement, according to a report by The Economic Times. The bank will offer a corporate credit card for travelers that provides solutions for expensemanagement and payments while users are on business trips.
A business may have one platform for their corporate card, another for AP, and another for employee travelexpensemanagement. Although undoubtedly a move in the right direction, these processes remain independent of one another.
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.
Corporate expensemanagement firm Coupa is ready to go public, and sources are now revealing new details about the plans for the firm post-IPO. Reports by Business Travel News late last week said Coupa is likely to use the funds raised from the initial public offering to finance acquisitions.
A Zhonglin Capital official said, per the announcement, “In the connected era, we are optimistic that business travel and expensemanagement platforms have become standard applications for enterprises.”. Fueled by funding in the past, Huilianyi grew into Malaysia and Singapore in 2018, and then into Japan last year.
On the heels of AirPlus’ partnership with Airbnb to develop a corporate expensemanagement solution, Zorn dove into how an openness to the sharing economy can lead to an openness to virtual payment solutions (and vice versa). “They can’t manage it like they can manage hotels or taxis or flights.”
Corporate travel and expensemanagement company Certify is merging into three other industry players to become a giant in the space, news reports said Tuesday (June 20). This deal is all about bringing the best expensemanagement products to the most users everywhere in the world,” added Certify Founder and CEO Robert Neveu.
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.
The company will introduce local versions of its solution in seven different languages, with plans to target other startups in need of a digital, automated travel and expensemanagement solution. The app will allow business travelers to view trip information and file expenses while on their trip.
The firm revealed this week that it is working with Argo , a corporate travel and expensemanagement company operating in Brazil and Mexico, to offer a virtual card solution for corporate travelmanagers.
Corporate expensemanagement firm Chrome River is collaborating with India-based travel company Yatra , the companies announced on Monday (May 14). India’s expensemanagement market is ripe for disruption, according to Yashwanth Madhusudan, co-founder and CEO of India industry player Fyle.
New analysis from Global Market Firm finds a promising future for the cloud-based corporate travel and expensemanagement industry. Key to this expansion is the rising demand among corporations to reduce expenses and operational costs, researchers said in their report.
To provide pandemic-related security functions and rescue services for corporate travelers, Expensify unveiled its Concierge Travel virtual travel assistant, according to a press release.
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