AirPlus International for 2014 reported revenue of €341 million ($358.1 million),
an 11.4 percent year-over-year increase, according to parent company Lufthansa Group’s annual report, released Thursday. With operating expenses up 3.4 percent to €302 million, AirPlus reported an operating profit of €39 million, a €25 million increase from the prior year. Full-year billing volume increased 7.2 percent from 2013 levels.
Uber for Business introduced customizable policy controls
that enable administrators to set day, time and pick-up location
parameters for "pre-approved Uber trips," according to a blog post.
For example, if a company has a policy that covers transportation home for
employees working late, administrators can "simply set the days and
time—for example Mon–Fri, 8 p.m. until 5 a.m. for rides originating from the
office." The company noted that "more controls are coming soon"
for its Uber for Business platform, which targets company accounts with
features that already included central billing options and a dashboard for
administrators. Since launching in July 2014, "thousands of companies have
joined our business platform and hundreds of thousands of business trips have
taken place around the world," Uber claimed.
Serko expects revenue for its fiscal year ending March 31 to be as much as 6 percent lower than the NZ$11 million target
forecast in a May 2014 prospectus, according to investor disclosures made Monday. The New Zealand-based corporate travel and expense system provider attributed the revenue shortfall in part to "the timing of billable software development," which will be recognized in its next fiscal year, "client-procurement delays" for its Serko Incharge expense-management solution and the "delayed launch of Serko Mobile," released this month. For the first half of its next fiscal year, ending in September, Serko revenue is forecast to be 8 percent lower than the NZ$8.3 million previously forecast, owing to currency exchange-rate fluctuations, as well as "the delayed launch of Serko Mobile."
Hogg Robinson Group debuted an "end-to-end" software-as-a-service business targeted at the unmanaged travel sector.
Operating independently within HRG, the "out-of-the-box" Fraedom launched this week in the United Kingdom, with more regions to follow, offering what HRG called "simple and inexpensive software-based solutions" that incorporate booking, payment, expense and data reporting functionalities. "Fraedom will be aimed primarily at the nonmanaged and individual sector within the overall travel market," according to HRG CEO David Radcliffe, "whilst HRG global travel management will continue to focus on the managed sector within the corporate travel space." HRG last year set aside £5 million to develop, build and market the new software-as-a-service business, with sights set on blending HRG-owned booking technologies with its Spendvision expense system.
Monitoring and auditing software company Oversight Systems released Mileage Insight,
a new feature that identifies potential excessive mileage reimbursement and duplicate expenses for mileage and gas purchases, the company announced Tuesday. The new offering, which can be accessed for an additional fee, was developed in response to customer feedback, according to a prepared statement from Oversight CEO Patrick Taylor.
Concur users now can integrate Starbucks purchases with Concur's expense reporting system,
the travel and expense provider announced Thursday. Travelers can link a Starbucks card solely dedicated to business expenses to the Starbucks E-Receipt mobile application, which is accessible through Concur's App Center. Users choose the designated Starbucks card to make purchases from their wallets or from the Starbucks app. The receipt then automatically is sent to Concur Expense. Starbucks Rewards users simultaneously earn rewards for purchases. "Concur users hold more than 10,000 meetings a month at Starbucks," according to Concur chief product officer Barry Padgett.
Bank of America Merrill Lynch on Monday launched BoAML Travel Pro,
a central account with the ability to create unique 16-digit card numbers for airfare, lodging, rail and car. Travel Pro integrates with "some of the largest" global travel management companies and users can designate specific amounts, merchants and expiration dates, a spokesperson said. BoAML since June 2014 has worked with "integrator technology companies" to build the solution, according to the company. Travel Pro currently is available in 27 countries in the Europe, Middle East and Africa region (including Germany, the Netherlands, the Nordic countries, Poland and Spain) and later will be rolled out globally. U.S. Bank in November also introduced in Europe the ability for clients to create Visa virtual cards