B2B Payments

Uber Eats Gets Connected To Expense Reports

Uber Eats is launching an account for corporates that aims to streamline the expense management process, according to reports Thursday (Nov. 1).

Just as Uber for Business streamlines the spend and expense reporting process for traveling employees, Uber Eats is introducing Uber Eats for Business to allow employees to order food and expense the transactions to their employers. The new solution positions the company against its top competitors that already have B2B platforms, including Grubhub, Deliveroo and Foodpanda.

Uber Eats for Business is itself integrated into Uber for Business, according to reports, allowing employers to have greater control over when and where employees order food, and providing companies with a single monthly bill that breaks down how various teams spend corporate cash.

Businesses can also streamline the expensing process when employees pay for food with their own money, or allow workers to use a commercial card integrated into the platform. The solution supports customizable meal programs for businesses, supporting recurring meal orders or geofencing to limit when and where employees can place their orders. The solution is currently available in the U.S., Uber said.

The launch of Uber Eats’ enterprise platform will allow the company to press forward in its expansion efforts.

Uber Eats head of U.S. cities Ana Mahony recently said that an estimated 40 percent of new customers using Uber Eats are new to Uber as a whole. Its rollout of a corporate solution comes as Uber Eats aims to cover 70 percent of the U.S. population, up from the 50 percent-plus that it currently serves. The company also recently introduced a self-sign-up service for restaurants that want to work with Uber Eats.

While Uber Eats may be a gateway to Uber’s ride-hailing services for many new customers, Uber for Business is finding success with corporates, as the company is now the most-expensed item for businesses using the travel and expense (T&E) platform Certify.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.