Bolt Integrates With Rydoo To Drive Better Management of Travel Expenses | The Fintech Times

0
27

Bolt has integrated the expense management solution of Rydoo into its system to allow companies that utilise its service as a business ride solution to automate expenses faster and more efficiently.

Rydoo, the SaaS software solution that allows for easier management of business travel and expense reports, has been integrated with the services of the vehicle hire company Bolt, helping customers manage business ride reimbursements through a connected and automated platform.

Rydoo’s ‘plug and play’ expense management solution aims to enhance the platform’s smart integration and connected platform by eliminating the manual work of end-users and finance departments needed to use both platforms.

In the past, companies that have Bolt as a business ride solution would have to download invoices and add them to their Rydoo app manually. This integration eliminates the demand on the end-user, giving finance teams full visibility on employee expenses and creating future budget forecasts.

When a client books a trip on Bolt, the connected platforms now give riders the option to auto-create an expense in the Rydoo app. Through automation, all the trip information will be automatically captured in the expenses and will appear in the user’s Rydoo account.

By syncing all bookings made in Bolt directly to the user’s Rydoo account, finance teams can manage rides reimbursements faster. The integration is intuitive which means that employees can easily sync their business email account with Bolt.

Global Director of Bolt Business Nick Powell
Nick Powell

“At Bolt, we’re building a future in which people are no longer forced to buy a car to get around,” said Global Director of Bolt Business Nick Powell. “Where people have the freedom to use transportation on demand, choosing whatever vehicle is best for each occasion. Integrating our platform with Rydoo’s smart expense automation allows us to streamline the process of expense and reporting business travel costs, taking the next step in a seamless connected user experience.”

How does the integration work?

  1. First, the user goes to their business profile in the Bolt app and opens the side navigation and selects Payment.
  2. They are then given the option to add Rydoo as an expense provider to generate an automated expense receipt. The user must then verify the email.
  3. Next time the client has requested a ride with a business profile, the receipts will be sent automatically to a Rydoo account.

“The biggest pain points for customers have varied from the time it takes to upload the ride receipt manually, to lack of visibility with spending, along with minimised employee communication,” adds Julien Steel, VP Product Partnerships at Rydoo. “By combining our automated expense management with Bolt’s fast-developing mobility platform, we are helping customers develop seamless employee communication and faster expense management for millions of Bolt users globally. We are excited to take this next step in our collaboration with Bolt to deliver on our shared vision in enabling seamless travel experiences for people and businesses around the world.”

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

Go to Publisher: The Fintech Times
Author: Tyler Smith