B2B Payments

Uber For Business Lands Another T&E Partner

Uber For Business Lands Another T&E Partner

Uber for Business is broadening its partner ecosystem to streamline the expense management process for its users.

Corporate travel and expense management technology firm Fraedom announced this week it has struck a partnership with Uber for Business to automate the expensing of rides taken with Uber for Business. According to a blog post from Fraedom, about 10 percent of expenses that pass through the Fraedom platform are from ground transportation.

Fraedom announced the launch of Receipt Link, a payment option within the Uber app to integrate the two platforms.

“There’s no reason why after the trip has ended, the receipt can’t be sent straight to your expense management software, ready for employees to simply log in and code the transaction appropriately,” Fraedom said in its announcement.

The collaboration enables Uber for Business’ GPS tracking of a trip to be provided to managers, providing organizations with increased visibility into employee travel and promoting compliance.

“Fraedom customers process increasingly large numbers of Uber transactions using our existing expense management system each year,” said Fraedom Chief Product Officer Dustin Persek in a statement. “This highlighted how important the ride-hailing app is for our customers and why we wanted to simplify the expense management process. Furthermore, we’ve found that business customers desire the same convenient, seamless technology they are accustomed to in their personal lives.”

Fraedom is the latest in a string of expense management platform integrations for the business unit. Last November, Uber for Business announced that France-based Expensya, as well as India-based Happay, would also integrate with the platform to streamline expense management. In addition to integrations with third-party platforms, Uber also enhanced the solution by adding new functionalities, including last year’s launch of the ability for travel managers to establish rules for how and when employees could use Uber for Business, and ways to customize travel programs.


Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.