Start a Lyft Account for Your Office
Lyft allows companies to centralize the billing for their employees’ work-related Lyft rides through the Lyft for Work program.
Disclaimer: We are not Lyft representatives and have no connection with Lyft. We are a third party advocate that tested their service to give insight to our readers. If you would like to contact Lyft, please visit their website.
The ride-hailing app, Lyft, has a new way to streamline use for entire companies. Whether employees are using Lyft to get to the office from transit, rush off to a last minute business meeting or secure a ride out to the airport, there are instances where a car ride is needed. Lyft for Work streamlines employees’ use of Lyft so that they do not need to get bogged down filling out expense reports or waiting for reimbursement after they pay for a business ride with their personal money.
All employees can link their Lyft app to their work email and verify their employment so that they can bill their rides directly to the company’s Lyft account. This saves a lot of administrative time for both the employee and the accounting staff.
So how does it work?
Lyft sets your company up with a corporate online portal and you decide who will have admin duties for overseeing the account. The admin is responsible for inviting employees to join the company’s corporate account and removing people as they move on to their next job. The company is able to allow for direct billing to a credit card or Lyft credits can be pre-purchased and replenished as needed. The two options are similar but offer a few slight differences.
Option 1: Credits
Lyft credits allow an employer to put restrictions on how and when an employee can use the company’s Lyft credits. Perhaps a company doesn’t want employees taking a Lyft to a particular part of town because transit is more affordable and access is excellent in that area. Maybe the company only wants its Lyft credits to be available during normal business hours. These are the kinds of restriction controls the Lyft credit option allows for.
Option 2: Direct billing
Lyft’s direct billing works just like it sounds. The corporate account is linked to a company credit card and employees bill their rides directly to it. This option lacks the restriction controls offered by Lyft credits but employees can fill out a note in the app as they complete their ride to explain the purpose of the trip.
When using the app, an employee sets their pickup location and can then change the payment method before requesting a ride. The app defaults to the personal payment method on file so employees cannot accidently bill rides to the company.
All in all, I’ve been really impressed with Lyft’s latest offering and think that it is a perfect complement to companies that are already offering robust transit benefits.