myBiz & Zoho Join Hands to Offer Comprehensive Travel and Expense Solutions

To address the ever-evolving corporate needs, myBiz has forged a strategic alliance with Zoho, a renowned expense management platform, creating a unified ecosystem for travel and expense management. This collaboration has created a unified ecosystem for travel and expense management, delivering tailored solutions that simplify the process for businesses of all sizes.

The landscape of corporate travel is incredibly diverse, with each business having its own diverse needs. To add to the complexity, managing trip expenses for corporate travel is equally daunting. From straightforward expense solutions to more intricate Software as a Service (SaaS) offerings, myBiz acknowledges the individuality of every corporation, endeavouring to solve the diverse needs of each with a comprehensive Travel and Expense (T&E) suite.

myBiz and Zoho- A Strong Partnership for Comprehensive T&E Solutions  

In an era where businesses are increasingly recognizing the value of end-to-end solutions, myBiz and Zoho stand at the forefront, offering an end-to-end suite that caters to all aspects of corporate travel and expense management. 

The partnership between the two industry leaders allows Indian businesses to empower their employees with a powerful self-booking tool that effectively ensures compliance with company policies. While myBiz offers an exclusive inventory of top-rated hotels in prime business locations, special contracted airfares and other travel benefits, Zoho expense enables organisations to effortlessly manage employee expenses, purchase requests, and corporate cards. Hence, with the integration of these platforms, every step of the corporate journey becomes more efficient and hassle-free. 

Tailored Solutions Through Seamless myBiz Integrations   

myBiz offers tailored, user-friendly, and tech-agile solutions that seamlessly align with the distinct needs of every corporate. Whether they have an existing expense management system that meets their needs or are looking for a cohesive business travel and expense management solution, myBiz offers deep integration with key players in the industry. By using public APIs for bookings, HRMS, expense, SSO and more, our integrations can easily unify with existing systems to enhance a company’s corporate travel and expense management. 

With its state-of-the-art integration capabilities, myBiz ensures a seamless and comprehensive solution for our corporate clients. Our plug-and-play integration model with various expense solutions, including partnerships with industry giants like Zoho, streamlines the entire process from travel requisition to expense management. Our deep integrations result in a unified solution that covers all facets of your needs.

About Zoho Expense  

Zoho Expense is a leading cloud-based business travel and employee expense management software. Employees can book and manage their business travel, record and submit their expenses, and track their travel and spend on the go with the Zoho Expense mobile app. Administrators, on the other hand, can set up policies and budgets, control expenses, monitor travel, and manage employee requests all in one place with Zoho Expense. Its comprehensive dashboards and analytics along with seamless integrations with multiple major software platforms ensure business-wide visibility into employee spend and help top management make data-driven decisions to control spend. 

• Empower employees with self-booking options for all business travel requirements with corporate benefits, rates, and policies - all pre-applied within Zoho Expense. 

• Manage end-to-end travel desk services including travel request management and travel policy compliance. 

• Automate expense creation, submission, and reimbursement leveraging advanced OCR technology and a robust expense report automation engine.
  
  
• Directly fetch corporate card transactions into Zoho Expense via seamless integrations with all major card service providers. 

• Ensure single source of truth for employee spend data through tight integrations with most major accounting, ERP, HR, travel, banking, and business productivity software. 

• Stay on top of business critical data with custom reports and dashboards across cards, travel, employee spend, and reimbursements.

Benefits of myBiz & Zoho Expense Integrated Solution  

The myBiz-Zoho integration promises a user-friendly experience for employees, simplifying the traditionally cumbersome process of managing flight and hotel bookings while also handling expense claims. 

This integration with Zoho Expense, helps manage end-to-end employee expenses with corporate card integrations, robust rule engines, policy controls, and more, owing to its advanced automation technologies.

Here’s are more ways this partnership can help business travel management become more streamlined:

Unified Platform:

• Streamlined User Experience: Employees and administrators benefit from a single, user-friendly platform that eliminates the need to navigate between multiple systems.

• Reduced Complexity: Operating within a unified platform simplifies workflows, making it easier for users to manage travel and expenses efficiently.

• Enhanced User Adoption: The integration fosters a seamless and cohesive experience, which encourages widespread adoption and minimizes user resistance.

Greater Visibility:

• Comprehensive Financial Data: The integration consolidates all the expense-related information, providing a comprehensive view of financial data, including GST details and invoices.

• Improved Decision-Making: Access to consolidated data empowers organizations to make more informed decisions, as they have a holistic understanding of their financial landscape.

• Real-time Tracking: Greater visibility allows for real-time tracking of expenses and travel requisitions, enabling proactive management and control over budgets.

Quick Approvals:

• Efficient Trip Creation: Employees initiate trip creation within Zoho, with SKU selection occurring on myBiz, expediting the process and reducing approval delays.

• Automated Bookings: Once a trip is approved, the integration automates the booking process, ensuring rapid execution without manual interventions.

• Hassle-free Approvals: With seamless integration, approvals can happen within Zoho, providing a hassle-free experience for both employees and approvers.

Consolidated Expense Information  

• Improved Data Integrity: All expense-related details, including invoices and transactions, are harmoniously integrated into Zoho, reducing the risk of data fragmentation and ensuring data integrity.

• Simplified Reporting: Consolidated data simplifies expense reporting, making it more efficient and accurate.

• Enhanced Compliance: Centralized expense information facilitates compliance with company policies and regulations, minimizing errors and discrepancies. 

 

With the integration of myBiz and Zoho, we have taken a significant step forward in providing a unified travel and expense management solution. Businesses can opt for this integration to enjoy the convenience of having trip expenses and travel details in one place. Time to say goodbye to the hassles of navigating multiple platforms and welcome a new era of efficiency, cost control, and a superior T&E experience with myBiz and Zoho!

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Frequently Asked Questions   

 

Q1. What do you mean by integration?

Ans. Product integrations refer to the seamless connections a platform offers with third-party systems. These integrations are predominantly established through Application Programming Interfaces (APIs) to guarantee the swift and dependable flow of integrated data.

Q2. What is travel and expense?

Ans. Travel and expense in the corporate world refers to the expenses that an employee incurs while travelling for work. These expenses are eligible for reimbursement by the company when the employee submits a claim.

Q3. What is included in T&E?

Ans. T&E is an abbreviation representing a specific category of business expenditures, primarily including travel and transportation expenses, dining and entertainment costs, as well as gifts to clients.

Q4. Why is travel and expense management important?

Ans. Travel and expense management simplifies and optimizes the expense reporting and reimbursement procedures, benefiting both employees and finance teams. Through the automation of T&E management, finance teams gain enhanced visibility and control over the company’s expenditures.

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