Through a new collaboration with taxi fleet operator Cabcharge, SAP Concur is helping to digitize the paper receipts that corporate travelers get when taking traditional taxis.
Reports in IT Wire on Tuesday (Aug. 13) said that Cabcharge Australia is partnering with the corporate travel and expense management platform to automatically connect SAP Concur users to digital receipts after taxi rides.
In a statement, SAP Concur Managing Director of Australia and New Zealand Matthew Goss said the collaboration will “provide travelers with easy-to-file expense claims and for finance managers [will provide] visibility into these expenses for compliance and control purposes.”
“Relying on paper receipts to manage expenses can cost businesses both time and money, due to the potential for errors, duplicate claims and lost receipts, and most notably the time it takes to process physical receipts,” he continued, adding that mobile-first, automated solutions are key to boosting the efficiency of corporate T&E.
The integration requires business travelers to use a Digital FASTCARD instead of a credit card when using taxi services from Cabcharge. When they use the FASTCARD, travelers will see the transaction data automatically entered into their SAP Concur accounts.
In another statement, Cabcharge Head of Corporate Accounts Todd Shipp said the company’s own research suggests “half of Australian finance teams don’t feel they have complete control over their travel policy.”
In the U.S. and elsewhere, ride-hailing services like Uber and Lyft have begun to dominate over traditional taxis among corporate travelers, and are also augmenting their B2B services by integrating directly with a range of corporate T&E platforms for streamlined expense management.
For traditional taxi services, the launch of on-demand apps and integration into corporate T&E platforms may help these businesses compete with their tech rivals like Uber.