This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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 expense management. Trucking is a major American job sector, as 3.5 On The Road As A Company Driver.
CIBT corporate customers will now be able to access automatic reconciliation and better spendmanagement tools like data insights. “CIBT customers will be able to leverage the same secure controlled payment method utilized across air, hotel and ground transportation today.
Amazon has forced everybody into free shipping,” John Haber, head of logistics consultancy SpendManagement Experts, told Reuters. The companies have employed other cost-cutting methods, such as delivering batches of packages that can be picked up by customers at urban retailers.
In an interview with the publication, CEO Itai Damti pointed to a range of use cases for the technology, including transportation companies collaborating with their fleet of contractor drivers or accounting platforms working with clients. Fairmarkit.
While fleets are essential, operating a network of vehicles can be messy for many SMBs, especially when it comes to reimbursing employees for on-the-job spending. Workforce and spendmanagement tools are being deployed to scrub the inefficiencies from SMBs’ reimbursement processes. About The Playbook.
It’s for a good reason, considering business spend on services like these has spiked in recent years. The latest stats from travel and expense company Certify revealed that Uber secured 56 percent of ground transportation expenses for Certify customers in 2017, up from 52 percent in 2016.
Business travelers can then send that data to their managers from within the mobile platform. Business solutions provider Sodexo launched Rydoo as part of a broader collaboration with Xpenditure and iAlbatros last June.
. “This enables [corporates] to uncover valuable spend data, simplify processes, and make smart decisions,” said SAP Concur India Managing Director Mankiran Chowhan in a statement. Transportation Drags WEX’s Fleet Card Segment. Center Expands Beyond Cards For T&E. Reports in Pulse2.0
In India, where investors have shied away from alternative nonbank financial companies as of late, one small business (SMB) lender managed to secure an impressive funding round. Other investment targets included a Chinese B2B eCommerce platform with a niche focus, an InsurTech startup targeting gig workers and corporate spendmanagement firm.
The ride-hailing and ground transportation competition in the U.S. Lyft’s latest partnership in this effort was announced only days ago, when the company revealed an integration with LeasePlan , a fleet management service provider that offers a Car-as-a-Service business model to businesses using company cars for employee travel.
Researchers found the usual suspects when it comes to industries that most commonly rely on fleet, and therefore use corporate cash for fuel spend: transport, wholesale distribution and retail. Fleet is now commonplace for nearly every industry. Fuel cards, too, are gaining traction in the industry. percent between 2016 and 2021.
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.
Expensify cardholders have the ability to reserve airline travel, lodging and rental cars by chatting with a concierge on the expense management company’s platform, while all reservations come with Global Rescue services and alerts in addition to safety kits, the release states.
This could be crucial in the provision of general ground transportation for employees on company business,” the ACFO wrote to the House of Commons Transport Committee earlier this year.
The Workforce Spend Playbook’s October 2019 Deep Dive explores the biggest challenges small and medium-sized businesses face in managing fleet operations and spend, as well as the opportunities that the newest technologies present in addressing that friction. Technological Opportunity.
In a feature story, Rich Wessels, treasurer for transportationmanagement and logistics firm Transplace , explains the “chicken-and-egg” dilemma that logistics companies encounter when considering the potential benefits of AP automation.
“Our average enterprise customer expenses almost $1 million in ground transportation annually, and about 7 percent of that is with Uber today,” said Concur President Elena Donio. “By shifting more spend to Uber, these companies stand to save hundreds of thousands of dollars.”
Blockchain startup aXpire, which develops corporate spendmanagement solutions, announced it raised $20 million as it looks to expand its product development into new markets beyond finance, including food and beverage, travel and leisure and transportation. Blockchain.
PEX issues Visa -branded debit cards, paired with a spendmanagement app, to small businesses (SMBs) that need a solution for the part of workforce spend that is anything but predictable — related to specific tasks and, by its very nature, usually ad hoc. Lately, Grant noted, prepaid has seen a bit of resurgence in the U.S.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content