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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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Bill Gates, for instance, predicts that half of business travel will entirely disappear, while Southwest Airlines CEO Gary Kelly anticipates it will be between five and 10 years before corporate travel bounces back, according to CNBC reports. Servicing The Small Business. There are several ways that T&E tools account for this.

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T&E Firm Integrates With Uber — And Its Rival

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“Our customers are telling us that they are very excited to have this functionality in DATABASICS Expense,” the firm stated, adding that the solution uses optical character recognition technology to capture receipt data.

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Corporate Travel Spend Isn’t Digitizing As Fast As Some Would Like

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Their latest report, “ Five Business Travel Payment Trends ,” concludes that mobile and virtual payments continue to gain traction in the corporate travel market. ” Researchers found that most corporate travel buyers (56 percent) in the U.S. use a central travel account (CTA).