If you've ever wondered (what, just me?) what companies and vendors have the biggest share of corporate expense accounts/submitted expenses for approval, look no further.
The Certify SpendSmart™ quarterly report analyzes the most recent business expense transactions and vendor ratings data to provide valuable insights to Certify clients and the corporate T&E industry at large.
Translation - who is spending money on what?
In a bit of a surprise, Uber Technologies, Inc was the most frequently expensed vendor last quarter, according to Certify, a software provider enabling companies to manage travel expenses. Uber receipts made up 12.7% of all corporate transactions among Certify customers. On average, travelers spent $25.37 per Uber transaction.
Below is the entire trend chart (email subscribers click through if you don't see the the image below), which includes some interesting stuff:
Note - being at the top of this chart doesn't mean you're generating the most revenue, only that you own X out of every 100 expensed items.
If you click through to see the entire report, you can add up categories to get a better idea on what the total market share is for each industry
My hot takes on the data:
--Much has been said about today being a bad time to be a taxi driver. It would also appear it's a bad time to be in the car rental business from the growth of rideshare total expensed receipts over the past couple of years (from 9.5% of corporate expense transactions 2 years ago to today's 16.5%)
--All airlines cited are down .25% of corporate expense transactions over the same 2 year period. Since we're in a peak economic period, the continuing growth and sophistication of video conferencing and virtual meetings would seem to be cutting in to airline growth.
--The presence of Starbucks in the top 2 shows its continued dominance in morning meetings, but the fact it's down a full percentage point of corporate expense transactions (down 18% over a two year period, per ticket price down significantly as well) means people are finding other places to go, growing a bit tired of Starbucks or finance is challenging the expense.
The only thing missing from the report from Certify is the strangest vendor that shows up in the top 100, 200 or 300 results. I'd like to see that. The fact that Amazon and WalMart show up as top 10 in corporate expenses hides many of the expensed items/companies we could have fun with.