how technologies like certify and uber are transforming modern business travel
TRANSCRIPT
How Technologies Like Certify and Uber are Transforming Modern Business Travel
May 12, 2016
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Today’s Agenda
• Top business travel and expense management trends of 2016
• T&E spending benchmarks by category and average amount
• Ride-hailing’s rise in business travel ground transportation
• Demonstration: Uber for Business auto-expense feature
• Demonstration: Certify travel and expense
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Webinar Notes
• Today’s event will be recorded and all attendees will be kept in listen-only mode to eliminate excessive background noise
• Links to today’s presentation and the recording of this webinar will be sent out to all attendees within 24 hours of the event
• Please ask questions on today’s topic via the “Questions” box in your GoToWebinar control panel at any time during the event. We will do our best to answer all questions during the Q&A session at the end of the event. If we do not get to your question, we will follow up with you directly.
Featured Presenter
Max CrowleyLead for Uber for Business
Featured Presenter
Robert NeveuPresident and Co-founder
Certify
• Industry-leading, first fully automated travel and expense management system
• 64 languages, 140+ currencies, clients in 80 countries
• #1 highest rated expense management software for user satisfaction on G2 Crowd
• PC Magazine Editors’ Choice for best expense management software of 2016
• Processing over 30 million expense transactions and $10+ billion in expense reports for 2015
About Certify
2016 Business Travel andExpense Management Trends
97%of business travelers carry at least one mobile device
Mobile is Made for Travel
Expedia/Egencia Mobile Index 2015
• Nearly 80% of business travelers used their smartphone to plan or book corporate travel in 20141
• 76% of travelers say their smartphones are “very important/critical” to daily life; 70% feel the same about their laptop1
• Companies using mobile expense apps reimburse employees 40% faster, reduce processing costs by up to 65%2
• More than 45% of “best in class” companies use mobile expense apps (89% spending under management, 91% compliance rate)2
Mobile Trends in Business Travel
Expedia/Egencia Mobile Index 2015
Aberdeen Group 2015
Adoption of Mobile Payments
+38% from 2015
$620b Global Mobile
Payments Market
TrendForce 2016
T&E Spending is Substantial
$1.25tglobal business travel
spending 2015
• Travel and entertainment spending by U.S. businesses projected to hit $310 billion in 2015 (GBTA estimate)
• Controlling T&E cost is #1 expense management pressure cited by 38% of companies
(Aberdeen Group 2015)
• T&E spending ranks as the 2nd most difficult operating expense category to control
(Forrester Research 2015)
8% to 12% of total annual company budget spent on travel
and entertainment expenses
Aberdeen Group
1. Meals 19%
2. Airfare 17%
3. Misc. 17%
4. Lodging 14%
5. Gas 11%
6. Cell phone 5%
7. Car rental 5%
8. Groceries 5%
9. Supplies 5%
10. Taxi 3%
11. Shipping 2%
12. Tolls 1%
13. Parking 1%
How the Expense Budget is Spent
Certify SpendSmart Report, Q4 2015
$16bUS TaxiINDUSTRY
2016
1. Meals 19%
2. Airfare 17%
3. Misc. 17%
4. Lodging 14%
5. Gas 11%
6. Cell phone 5%
7. Car rental 5%
8. Groceries 5%
9. Supplies 5%
10. Taxi 3%
11. Shipping 2%
12. Tolls 1%
13. Parking 1%
How the Expense Budget is Spent
Certify SpendSmart Report, Q4 2015
Taxi & Limousine Services IBIS World March 2016
Category 2014 2015 Difference
Gas $40.41 $30.32 –24.96%
Airfare $345.21 $274.00 –20.62%
Lodging $213.90 $223.45 +4.64%
Car Rental $193.58 $186.45 –3.68%
Cell Phone $89.30 $92.24 +3.29%
Meals $25.67 $26.06 +1.52%
Parking $32.70 $32.23 –1.43%
Taxi $31.81 $31.82 +0.03%
Benchmark Spending by Category
Certify SpendSmart Report, Q4 2015
Methods for Managing T&E Reporting
The mix of expense management systems remains consistent:
Certify Annual Travel & Expense Management Survey, 2013-2016
Poll Question: How does your company manage
expense reports?
Driving Force Behind the Switch
Integrate multiple finance & HR systems into one system
Increase frequency of expense reports being submitted
Reimburse employees faster
Improve employee compliance rates to corporate travel policies
Gain reporting and analytics around T&E spend
Provide expense system accessibly from anywhere (online, mobile)
Simplifying the expense reporting process for employees and managers
0% 10% 20% 30% 40% 50% 60% 70%
14%
14%
25%
28%
32%
40%
66%
Certify Annual Travel & Expense Management Survey 2016
Integrated Efficiencies
Top web-based system integrations currently in use:
General ledger
Accounts payable
Credit card
67%
61%
77%
Certify Annual Travel & Expense Management Survey, 2016
Must-Have Expense Reporting Features
Automation: Expense report creation, workflow process and approvals, direct credit card feeds
Mobile Applications: Smartphone-enabled receipt image capture, mobile report creation and approval, and policy tools
Compliance: Duplicate receipts/expenses, category spending limits, automatic notification of violations
Integration: Accounting software, general ledger, HRIS, CRM, ERP, ACH direct deposit
Reporting: Complete visibility into process and spending by category, department, employee
Certify Annual Travel & Expense Management Survey, 2016
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Benefits for Businesses & Travelers
• 65% reduction in processing costs via mobile expense reporting
• Expense report automation increases employee productivity 29%
• Best-in-class expense management drives 87% rate of compliance or greater to company T&E policy
• Of companies switching to an automated system, 39% report higher employee satisfaction after adoption
• 28% less accountant time spent approving expenses for companies with an automated system spent
Uber for Business:The Rise of Ride-Hailing
Poll Question: Have you used Uber while
traveling for business?
Ground Transportation Trends
Certify SpendSmart Report 2014 - 2016
Ground Transportation Trends
+1890% increase of ride-hailing receipts in 2 years
Certify SpendSmart Report 2014 - 2016
Ride-Hailing vs. Taxi
Certify SpendSmart Report Q1 2016
Cost Factor
Average cost includes all UberX, UberXL, UberPLUS, Uber Taxi, UberBlack, UberSUV and UberLUX rides:
50% Lower average fareper transaction
Certify SpendSmart Report Q1 2016
Convenience & User Satisfaction
Experience MattersBusiness travel is no longer about simply
getting from point A to point B
Certify SpendSmart Report 2014 - 2016
Get there. Your day belongs to you.
Tap the app, get a rideChoose your ride and set your location. You’ll see your driver’s picture and vehicle details, and can track their arrival on the map.
No cash, no tip, no hassleWhen you arrive at your destination, just hop out—we’ll automatically charge the credit card on file. And there’s no need to tip.
You rate, we listenRate your driver and provide anonymous feedback about your trip. Your input helps us make every ride a 5-star experience.
Uber is Revolutionizing Business Travel Globally
“Uber is the world’s 4th most innovative company for hustling corporate travel.”
—Fast Company400+
cities and growing
80%of America can
get an Uber in 10 minutes or less
70countries
Millionsof business rides every week
Uber for Business Growing Faster Than Any Travel Service Ja
n-15
Feb-
15
Apr-1
5
Jul-1
5
Oct-1
5
Jan-
16
Mar
-15
May
-15
Jun-
15
Aug-
15
Sep-
15
Nov-
15
Dec-
15
Feb-
16
Mar
-16
Business Trips per Month(2015-2016, by month) 32x
Growth in business trip volume in last 12 months.
Old World of Business Ground Transportation
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Inefficient Experience
● No-shows● Waiting● Inconsistent
Administrative Burden
● Frequent expense● Receipt hunting● Missing/incorrect
details
Financial Headache● Audit preparedness● Fraud/policy
compliance● Cost questions
Fragmented Providers
● Contracting with different car services in every city
Business Profiles Demo
● Always charge the correct card
● Save time on expense reporting
○ Business trip receipts right to your work email
○ Automatically sends business receipts for reimbursement
○ Add expense codes and memos on trip
○ Regular travel reports
Improving the End-to-End Business Travel Experience
Pre-trip On-trip Post-trip
On demand rides in 400+ cities globally in minutes.
No more wasted time booking cars or hailing cabs.
Add expense codes or client memos on-trip.
No more remembering what each ride was for or who to bill it to.
Auto-Expense lets you link your Business Profile to Certify, so all business receipts are sent for automatic reimbursement.
No more receipt imaging or uploading.
“Uber for Business has been integral in helping Standard International streamline company travel by freeing up time from expense reporting.”
● Accessible via Uber Business Profiles (+1MM users)
● Integrated receipts and expense reporting
● Keeps business and personal expenses separate
● Simplifies life for employees on the road
Auto-Expense Demo
Uber for Business Platform
Safe RidesBig SavingsControls & InsightsEnhanced Employee Experience Global Coverage
Certify Product Demonstration
Q & A
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Our Partner
Thank You