Ride-hailing company Grab has launched Grab for Work, a special transport expense management service that allows businesses to effectively facilitate and monitor their organization’s transport spending.
“Companies should focus resources on business growth and serving their customers. We see an opportunity to provide an end-to-end transport solution for companies—to help them modernize and streamline their transport expense management processes through our technology platform. From rides to receipts to reimbursements, Grab for Work offers a seamless user experience and enables HR and finance departments to save time on managing day-to-day corporate transport expenses,” said Anthony Tan, CEO and co-founder of Grab.
Grab rides can be tagged as business rides and assigned to corporate groups within the Grab app. These would then be synced to the Grab for Work web portal which features the following: tracking and managing of travel expenses by cost-centers, departments, and project teams; setting of preferred corporate payment options; setting and enforcing of ride policies; and paperless tracking of receipts. Meanwhile, employees can easily categorize rides into personal or business ones, and they can also easily handle reimbursements with Grab’s consolidated receipt function.
Grab for Work is currently being used in more than 150 companies around the world, including Chope Group (Singapore), Park Hotel Group (Singapore), Rainmaker Labs (Singapore), Yesboss (Indonesia), and Malaysian Airlines (Malaysia).
“We are delighted to partner with Grab on their newest initiative. By leveraging technology, Grab for Work effectively answers the need for greater efficiency in administrative processes, especially in complex operating environments such as the hospitality industry. With this innovative solution, we expect meaningful time savings for our associates, which would translate to higher productivity levels and allow more effective deployment of our human capital,” commented Elaine Toh, group human resource director of Park Hotel Group.