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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.
And for SMEs, these expenses can be a tax deduction for your business and can reduce your taxable income to help lower your tax bill. The HMRC defines these items as follows: TravelTravelexpenses include any costs you incur to get from one place to another, including transportation and lodging, meals, and incidentals.
In its Q3 report, travel and expensemanagement firm Certify found that Uber and Lyft together accounted for the majority of corporate spend on ground transportation, showing that on-demand ridesharing services have now surpassed traditional taxis in popularity for business travelers.
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.
Business travelers can then send that data to their managers from within the mobile platform. Most recently, last month, business operating system company Zoho announced an integration with Uber for Business, enabling trip receipts to be automatically added from Uber into Zoho Expense.
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.
. “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
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.
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.
.” “Startups have a disadvantage when booking corporate travel,” added TravelBank CEO Duke Chung in another statement. “They aren’t booking the same volume of flights, hotels and transportation that large companies do, so they don’t always get the attention they deserve, the perks, and the very best rates.
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.
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.
Ride-hailing services took up 46 percent of Q1 2016 ground transportation for corporate travelers, compared to 40 percent landing with car rentals and just 14 percent going to taxis. That’s a big shift for the taxi business, which saw a high of 37 percent of ground transportation going to this traditional service in Q1 2014.
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.”.
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.
Companies, indicated the spokesperson, “need visibility into spend tied to China, which is the world’s largest business travel market with $291 billion in travel spend,” as noted by the Global Business Travel Association. “In
“We will carry this momentum into the rest of 2018 and remain focused on making business travel easy, accessible and affordable,” David Baga, Lyft’s chief business officer, wrote in a statement emailed to Bloomberg, which covered the Certify report. The ride-hailing and ground transportation competition in the U.S.
At the same time, businesses are exploring how to provide their employees with travel booking and payment solutions that they already use in their personal lives, further blurring the lines between professional and personal travel experiences. “See how payments are done with Uber?
These features can be accessed for free, and data from the trip will automatically flow into the Concur platform for expense reporting and visibility. “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.
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.
To do so, the company went straight to the travelers themselves, who uncovered where their corporations are falling short across the board. When it comes to corporate travel, employees are often left somewhat on their own to book itineraries, from flights to hotels to ground transportation. Step 1: Book Your Trip .
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