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How SMBs Prepare For A New Era Of Employee Expenses

PYMNTS

One of the most popular is to link a T&E solution to a corporate card product to facilitate integration of payment information; another strategy is to allow for employees to use personal payment methods and capture data after the fact to facilitate expense reimbursements.

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Corporate Travel Startup Huilianyi Raises $42M Amid Industry Turmoil

PYMNTS

Huilianyi was started in 2016 and is a software-as-a-service (SaaS)-based system for travel expense reimbursement. Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement.

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WeChat Tests Blockchain For Automated Employee Expense Management

PYMNTS

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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T&E Firm Integrates With Uber — And Its Rival

PYMNTS

“With nearly 1 million people activating Business Profiles, business travel has become one of Uber’s fastest-growing segments,” said Uber for Business Lead Max Crowley in a statement at the time.

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

PYMNTS

However, despite the advertised benefits of virtual and mobile payments related to the ability to provide transaction data for automated reconciliation, only about half of survey respondents said they reconcile expenses with booking data.