The human capacity is effectively boundless, and yet nothing it offers can ever beat our ability of growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Uber for Business, Uber’s enterprise arm, has officially announced integration with leading expense management providers, Brex and Ramp. According to certain reports, the stated integration will focus on automating receipt matching for Uber rides and meals, something which ranks among the most-expensed items for employees. Talk about this value proposition on a slightly deeper level, we begin with the prospect of time saving. You see, by auto-generating receipts for Uber rides and meals ordered for delivery with Uber Eats, the development will eliminate the need for employees to collect, organize, and manually submit receipts when using their Uber business profiles. Such a move should not only save time, though, considering it will also scale up the entire business travel and meals experience. Next up, we must dig into how the integration will improve in-house compliance. Here, the idea is to provide companies with dedicated controls to set limits for activities that employees can and can’t expense. Complimenting the same is a AI-powered solutions’ assortment that should be of huge help in identifying and flagging non-compliant or out-of-policy transactions. Interestingly enough, although a lot of what this integration brings is concerned with optimizing operations, it further leads you to the all-important objective of cost efficiency. As for how it does so, the approach involves delivering real-time visibility into transportation and meal-related spend, thus ensuring that companies are able to keep employee expenses within budget.
“According to recent Brex data, 98% of companies consider travel essential to meeting business objectives—and most are increasing their investment accordingly,” said Marco Mahrus, Chief Business Officer at Brex. “Fortunately, bringing back business travel doesn’t also require bringing back manual, after-the-fact expense management processes. The Brex platform automates expense reporting for employees and gives finance teams real time visibility on corporate spend. Our new integration with Uber, a frequently expensed item for our customers, is a natural extension of our efforts to simplify expense management and help our mutual customers spend smarter.”
Hold on, we aren’t quite done yet. For instance, we still haven’t discussed how, beyond helping us achieve better time and cost efficiency in an immediate sense, this integration will also simplify the process of accounting reconciliation. The stated feature translates to a fact that, given the availability of those auto-generated expense receipts, finance teams can be expected to close the month in a faster and streamlined manner, while simultaneously maintaining more accurate books. Having promised such an extensive overall offering, Uber for Business will also extend to you a hassle-free path for availing the same, as overlapping customers can get set up in just a few clicks. Once the set up is up and running, employees connected to their company’s Uber for Business account will gain access to the core automatic expense integration. This is going to be presented alongside roster sync and automated invites to enable seamless onboarding for new customers.
“Ramp is here to make finance simple, because we believe businesses and their people are better off spending their time and energy on strategic work that propels the business forward—not tracking, submitting, and managing expense reports,” said Michael Cohen, Vice President of Partnerships at Ramp. “Our expense automations reimagine this painful process to make expense reporting more seamless for employees and more compliant for finance teams. We’re thrilled to work with Uber to automate expenses for some of our customers’ most common business purchases and continue making finance frictionless.”
To bring you upto speed with Uber for Business, it was conceived to let companies create travel and meal programs for their workforce, programs that notably reflect their policies, including features like restrictions on spending or time of day. From employees’ perspective, the platform generates a seamless end-to-end experience, right from requesting a ride or ordering a meal to fast and easy reimbursement. First introduced in 2014, Uber for Business has already served more than 200,000 organizations. At present, it is available in over 60 different countries, where the platform covers an estimated 10,000 cities.
“Our integrations with expense providers are instrumental in providing the visibility and control travel managers and finance teams need to keep employees in-policy and under budget,” said Susan Anderson, Global Head of Uber for Business and Business Development. “Our work with Brex and Ramp enables us to streamline expenses for companies of all sizes, creating a better experience for both the employees on the move and the folks balancing the books.”
