SpotHero launched a new way for businesses and their employees to manage parking expenses. The new SpotHero For Business product is the first in-app solution to submit parking receipts into expense management platform Concur. 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.
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.
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.