Corporate Taxi Booking Solution: Step-by-Step Process, Features, & Tips

Corporate Taxi Booking Solution
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Transportation has been vertically evolving ever since the invention of the wheel! However, lateral innovations have been a bit too sparse. One of the most recent innovations in the field of transport is the ushering of the on-demand model. It was pioneered by Uber, and the model is a little over a decade old. This meant that you do not have to wait for a cab, and you do not have to depend on uncertainties involved in availability and pricing. Today, it has become almost mandatory for every cab company to have its own mobile app to stay relevant and competitive.

The cab industry is expected to be worth more than $1.6 trillion by 2025. It is only natural that any aspiring entrepreneur wants to be a part of this profitable market. As you may have guessed, the space is quite crowded, and the secret is to identify a niche where you can be a big fish in a small pond.

Introducing corporate travel

Ever since the industrial revolution, one of the biggest needs for everyday travel has been traveling to work. Although the COVID-19 pandemic has temporarily paused the need for travel, it is bound to come back with a greater magnitude. When people start to travel to work again, that will be an additional emphasis on safety. Therefore, many corporate companies may go for cab solutions to transport their employees from homes to offices. The travel needs are not just limited to everyday commute but also for traveling to meetings and for marketing/sales purposes.

The relevance of corporate taxi solutions

There are many reasons why corporations need to provide taxi services for their employees. While some companies have had it for ages, now is the time when many other companies should follow suit. This can be made possible only when taxi services become affordable and more available.

Taxi services for employees play a major role in reducing uncertainties associated with transportation. Employees will not miss out on productive work hours because they could not find a private cab or public transport to reach their office. It also opens up opportunities for you to open your office in a place that is not close to or transportation hubs like a bus stop or a train station. Yes… Bicycles could be a good option for people staying close. However, cabs address the challenges associated with bad weather conditions. On a cheeky side, your employees can no longer give an excuse that they did not find cabs or buses to reach the office!

We have already seen the importance and relevance of safety. While we have already discussed the safety aspect related to the pandemic and reducing exposure to external elements, there is also a considerable degree of safety associated with transportation itself. A cab makes your employees less susceptible to accidents and injuries. They will not have to encounter unruly drivers who charge exorbitant amounts during peak office hours.

The advantages do not stop with the surface alone! A corporate taxi solution provides transparent billing to the office. Instead of depending on employees to submit their bills, a corporate taxi solution sends the bill directly to the office with details like the driver, the pricing, the details of every ride taken, including the duration. You can also ensure that the taxes are properly done. This presents a dependable, reliable, and transparent transportation solution for corporates.

 GPS technology is what made the entire on-demand resolution possible. When you have a GPS transmitter attached to every cab that offers corporate transportation services, you can find out the cab’s location in real-time. This will also help you estimate the time of arrival and monitor the accuracy of the route. By integrating an SOS button in your taxi, you can even alert friends and family and even the cops about an emergency an employee faces.

As you can see, a corporate taxi solution uses the latest technology while preserving the virtues of transparency and efficiency required for any business. With these advantages, a lot of companies are bound to go for corporate taxi solutions, and consequently, it also becomes a lucrative business avenue for people who provide taxi services.

Even for a taxi company, it brings a considerable set of benefits. There are a lot of uncertainties associated with individual taxi needs. It depends on a lot of factors like location, time, and a few abstract factors like the general moods of people. However, corporate travel is a constant and is an everyday need. Therefore, a company with a large taxi fleet can offer corporate taxi solutions as an alternative-yet-assured source of income.

In most cases, the need for corporate transportation is confined to a few hours during the day. Other than those times, the cab is free to venture out for their private undertakings. Therefore, offering a corporate taxi solution is like striking two birds with one stone. While you usher a steady source of income, you also have the opportunity to explore other sources of earning.

As you may infer, a corporate taxi solution presents a wide range of advantages for every party involved: the employee, the company, the driver, and the taxi business.

There are a few advantages associated with the technical side as well. The uncertainty in the price of the service is eliminated from the equation when it comes to corporate travel. This means that the system that calculates the travel fare does not have to go through the hassle of taking into consideration factors like traffic, demand, and so many other factors to present a price for the user to pay. A driver assigned to pick an employee up may have to do so for a continued stretch of time… Therefore, the uncertainty associated with reaching the destination is also rendered obsolete.

Simply put, corporate tax solutions were able to exist even before the on-demand revolution. With new technologies in place, the entire ecosystem will only be made more efficient and better.

Features of a corporate taxi service

At the skeletal level, a corporate taxi solution might have all the features of Uber. However, a corporate transportation service provider needs to have a few important features that distinguish it from a normal retail service provider.

At the corner, it is to be understood that providing transportation services for a company is quite different from providing transportation services for an individual, although “transportation“ remains the same!

As a corporate taxi service provider, it is important that you provide companies with a dedicated corporate management panel. While the panel can sound like a simple idea, it needs to be noted that cabs that serve a specific corporate company need to be earmarked, and only the information regarding those cars needs to be provided for the corporate company.

The company needs to be provided with a separate set of login credentials that entitle them to view information on the total number of active cabs, the position of the cabs on the GPS, the active/inactive status of drivers, the contact numbers of drivers, the employees assigned to each driver and their contact details, the billing/invoicing details, and the commercial elements.

More often than not, the cab panel is operated by someone who might not have technical expertise. Therefore, the intuitiveness of the interface plays a major role in influencing your acceptance as a corporate taxi provider.

In most cases, corporations are quite structured and rigid with their invoicing. Therefore, your corporate taxi app needs to have an automated invoicing facility that will raise an invoice without human intervention if a calendar period is completed or if a certain invoicing threshold is reached. Automated invoicing not only establishes the credibility and dependability of your company but also ensures that you get a steady stream of income.

Corporate travel is not always about commuting from homes to offices. There might be many meetings, conferences, and sales/marketing rendezvous that need to be attended to. Also, there are some auxiliary activities like team dinners and team outings that might need transportation facilities. To address these needs, your corporate taxi solution needs to have an approval system where a senior can authorize a certain volume of cabs booked.

Conclusion

It has been established beyond question that the corporate taxi business is beneficial and lucrative from all dimensions. The COVID-19 pandemic might have slowed down the demand for corporate travel, but it is only like pulling back a catapult. When it gets released, it will bring out a great force in the restoration of travel needs. This gestation period is a great time for an entrepreneur to explore this avenue of corporate taxi services.

What makes the entire process easy is the ready availability of technology. Many white label solutions can help you take care of the technology ecosystem needed for you to launch this service. Once you have the business’s operational and marketing aspects figured out, you are all set to launch your own profitable and promising corporate taxi solutions.

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