Uber's ride-sharing mobile app. Photo courtesy of Uber.
Morgan Stanley is one of the first major firms to use Uber for Business, the ride-sharing service that allows employees to bill their trips directly to their company, according to a report by Bloomberg.
Launched in July, Uber’s centralized billing system helps administrators and business owners by providing trip information, says the company. It eliminates the need of paper receipts for filling business travel expenses.
Morgan Stanley joins Deutsche Bank AG and Barclays Plc in supporting Uber, says the report. Deutsche Bank and Barclays were pilot customers on the Uber for Business service.
“Employees expressed their strong affinity for the convenience Uber offers them in their personal lives and wanted that flexibility for their business travel needs as well,” Jeff Brodsky, human resources chief at New York-based Morgan Stanley, told Bloomberg.
Business can enroll their organization in the program with a credit card as the payment method and then add employees using their name and email address, according to the Uber website. Employees can then link their own account and select the company’s payment method during their next ride. The trip information is automatically added to the account for employers to have the transportation details in one place.
Click here for the full Bloomberg report: http://www.bloomberg.com/news/2014-11-06/morgan-stanley-says-among-first-to-include-uber-in-travel-policy.html