CHICAGO--(BUSINESS WIRE)--Today at Concur Fusion 2017, SpotHero launched a new way for businesses and their employees to manage parking expenses. SpotHero helps drivers find, book and save on parking. The new SpotHero For Business product is the first in-app solution to seamlessly submit parking receipts into expense management platform Concur. Previously, employees driving for work had to keep copies of their parking receipts and submit them manually, which was time consuming and prone to error. SpotHero For Business saves employees time, and empowers businesses with increased visibility into parking related expenses.
“Businesses have had tools for managing airline, hotel, rental car and ground transportation expenses for years, but until now there hasn’t been a robust solution to manage $3 billion in annual reimbursed parking expenses,” said Elan Mosbacher, VP of Strategy & Partnerships for SpotHero. “SpotHero For Business will make finding, paying for and expensing parking easier, faster and more cost-effective for employees who need to drive for work.”
The initial features of SpotHero For Business include:
- In-App Business Profiles: Lets employees using the SpotHero app directly charge their corporate card for parking and automatically submit receipts to their expense management platform.
- Business Admin Dashboard: Provides businesses with parking expense management tools, including inviting employees to use SpotHero, access to reporting on parking reservations and other relevant data.
“Business travelers often do everything from their mobile phones so it’s no surprise that mobile apps are the preferred way to make travel and transportation related purchases,” said John Gibbon, Vice President of Platform at Concur. “Concur’s integration with SpotHero For Business saves time for employees, improves reporting and provides companies with a critical view into parking expenses.”
Employees of more than 10,000 different businesses currently use SpotHero for their parking needs. SpotHero gathered input from travel managers and employees at over 200 companies nationwide over the past year to develop and launch the For Business product. A Fortune 100 client using a beta version of SpotHero For Business estimates saving over $750 per employee per year on transportation thanks to better visibility into parking related expenses. Employees at companies participating in the pilot reported reduced stress getting to meetings, time savings on expense reports and overall satisfaction around securing convenient parking near downtown meetings, hotels and airports.
Concur Fusion attendees can visit SpotHero at booth #86 or attend SpotHero’s session on “Enhancing Traveler Delight with Mobile Apps.”
For more information on SpotHero For Business, visit SpotHero.com/business.
SpotHero is the nation’s leading parking reservation service with the largest network of connected garages, lots, and valets. Launched in 2011, SpotHero empowers drivers with easy, affordable parking in major cities across the U.S.
Based in Chicago, SpotHero is led by founders Mark Lawrence and Larry Kiss. The company has parked over 5 million cars and has raised $27 million in VC funding. Learn more at SpotHero.com and/or download the app in the Apple iTunes Store or Google Play.
For more than two decades, Concur, an SAP company, has taken companies of all sizes and stages beyond automation to a completely connected spend management solution encompassing travel, expense, invoice, compliance and risk. Concur’s global expertise and industry-leading innovation keep its customers a step ahead with time-saving tools, leading-edge technology and connected data, in a dynamic ecosystem of diverse partners and applications. User-friendly and business-ready, Concur unlocks powerful insights that help businesses reduce complexity and see spending clearly, so they can manage it proactively.
Learn more at concur.com or the Concur blog.
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