Expense management provider develops Uber for Business integration to give CFO’s control of Uber spend on their P&L
Analysis of employee expense report data for companies across Asia Pacific using expense travel management provider, Serko, shows Uber is now the number one most frequent line item in expense reports.
“Our research shows that people are expensing Uber more frequently than any other vendor, which is no surprise as more organizations across the globe are turning to Uber for Business for employee ground transportation,” said Darrin Grafton, Serko’s CEO. "In response to feedback from CFOs we now have an integration with Uber for Business to give companies total visibility and control over that spend. This will also make the employee experience of expensing those rides as easy as it is to get a ride with Uber in the first place.”
Uber for Business simplifies how people in organizations get around when travelling for work across the globe. With an easy-to-use dashboard, companies can access billing, reporting and expensing features to better manage when and how employees access ground transportation.
Employees using Serko’s Expense app capture images of receipts with their phone, or forward invoices by email to their Expense dashboard, adding supplementary information such as expense category, project code or entertainment guests on the fly.
The integration with Uber for Business makes using Serko’s Expense app even smoother by sending ride information directly to the expense dashboard, immediately available for approval and reconciliation.
“CFOs can now digitize the entire expense collection, approval and management process - maximizing data integrity, minimizing fraud and giving the CFO greater visibility and control over T&E”, Grafton said.
Given T&E is traditionally the second largest variable operating expense line item behind salaries, the ability to easily get control of it has driven significant demand from CFOs, with Serko’s expense business alone growing 30 per cent in just the past 12 months.
Georgia Foster, Uber for Business Lead, Australia & NZ, said, “We work with thousands of local companies who use Uber for Business to enable time and cost savings, and help their employees access a safe, affordable and reliable ride from A to B for business travel. Integrations with expense partners give business travelers a seamless experience when riding with Uber, while offering businesses the billing, reporting and management tools that they need.”