B2B Payments

Uber For Business Adds To Features List

In the latest report from corporate travel and expense management firm Certify, the company pointed to Lyft as a ride-hailing service to watch in the corporate travel space. While its share of business travel rides remains tiny compared to traditional taxis, rental cars and top rival Uber, Lyft’s presence in corporate travel is on the rise, Certify concluded.

But that’s not to be taken without a grain of salt, as Uber remains the undisputed champion in alternative corporate travel. In fact, Certify found that, once again, Uber is the champion overall, beating out taxis and car rentals among Certify business users for Q1 2016.

Running with its success, Uber has just rolled out new features for its Uber for Business service.

Reports on Wednesday (April 27) said the company unleashed a mechanism for users to upload expense codes, allowing corporations to track purchases made through Uber and streamline the billing process.

Further, the company has reportedly added enhanced capabilities to integrate into existing expense management systems to allow travel managers to automate the list of employees using the tool. The integrations can also automatically synchronize expense reports and streamline the process of generating an expense report from data coming from Uber rides.

The latest updates to Uber for Business seem to be an extension of the company’s move last month to partner with the top travel and expense management companies.

In March, the firm announced that Certify, Expensify and Chrome River are all supported by Uber for integration; Uber for Business users can create a separate profile where they upload corporate payment information, a way for travelers to separate their personal use of Uber from their professional use.

In a statement last month, Uber for Business Lead Max Crowley said: “Business travel has become one of Uber’s fastest-growing segments.” The company reported having more than 1 million people create Business Profiles since its launch.



About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.

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