{"id":125508,"date":"2022-05-20T16:47:29","date_gmt":"2022-05-20T08:47:29","guid":{"rendered":"https:\/\/www.grab.com\/my\/blog\/simplifying-transport-expenses-for-the-oil-gas-industry-4\/"},"modified":"2022-05-20T16:47:30","modified_gmt":"2022-05-20T08:47:30","slug":"simplifying-transport-expenses-for-the-oil-gas-industry-4","status":"publish","type":"post","link":"https:\/\/www.grab.com\/my\/gfb-blog\/simplifying-transport-expenses-for-the-oil-gas-industry-4\/","title":{"rendered":"Simplifying Transport Expenses For The Oil &amp; Gas Industry"},"content":{"rendered":"<p style=\"text-align: justify\"><img decoding=\"async\" class=\"alignnone size-full wp-image-125501\" src=\"https:\/\/www.grab.com\/sg\/wp-content\/uploads\/sites\/4\/2022\/05\/DSCF0318-1.jpg\" alt=\"\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">With markets opening up and the easing of Covid-19 restrictions, the transition back to working from the office and reestablishing what seemed like a long-forgotten routine may be a bittersweet sentiment to some and inevitable to most.\u00a0 Being physically present in the office and the (re)start of face-to-face meetings begets a need to move around much more, a stark change from taking a few steps from our bedrooms to makeshift home offices for Zoom meetings.<\/span><\/p>\n<h2>The return of physical workspaces<\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Recent conversations with clients from the Oil &amp; Gas industry have revealed that it is especially true for those in this industry. For many employed in this space, this means going back to the routine of frequent physical meet-ups with their clients. Particularly, with the Singapore government\u2019s latest allowance for a larger group setting of up to 10 people and the return of up to 75 percent of employees back to office, our clients\u2019 have seen a significant increase of movement from their offices based here.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For employees in the Oil &amp; Gas sector that have a higher need to move around for business purposes (such as the Sales teams), an individual corporate credit card is usually issued. Possibly integrated with the company\u2019s global expense management system, these cards are utilised for all corporate expenses, such as local transport, international travel and client entertainment. The administrative process of consolidating such expenses by the individual come month-end is no doubt a tedious one. One <a href=\"https:\/\/www.gbta.org\/blog\/how-much-do-expense-reports-really-cost-a-company\/\">study<\/a> noted that it takes 20 minutes<\/span><span style=\"font-weight: 400\"> on average to file an expense report and costs companies close to 3,000 hours<\/span><span style=\"font-weight: 400\"> a year correcting errors in these reports &#8211; valuable time that could be spent on more revenue-generating activities.<\/span><\/p>\n<h2>Saving time by removing tedious processes<\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Recognising the inconvenience of expense management for our clients, GrabForBusiness works with oil &amp; gas companies across the region to automate and simplify such processes. Once a company has set up a corporate account and have onboarded their employees, some of the benefits they will start to see include:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Enabling employees to tag their business transactions on the Grab app under the organisation\u2019s profile, rather than their personal account<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Payment through the corporate credit card instead of a personal credit card or cash<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A consolidated statement at the month&#8217;s end of the individual\u2019s corporate transactions instead of multiple receipts. Companies will have visibility over these as well.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The period of confinement caused by the pandemic had given us time to reflect on how we want our reimagined work-life to be, and this adjustment back to some sense of normality is a good time as any to implement a better version of our old routines.<\/span><\/p>\n<hr \/>\n<p>If you&#8217;re looking for ways to implement this within your business, leave us your <a href=\"https:\/\/www.grab.com\/sg\/business\/\">contact details<\/a> and we&#8217;d be happy to have a chat.<\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Follow <\/span><a href=\"https:\/\/sg.linkedin.com\/showcase\/grabforbusiness\"><span style=\"font-weight: 400\">GrabForBusiness on LinkedIn<\/span><\/a><span style=\"font-weight: 400\"> \u2013 stay connected and be the first to know about the latest news, webinars, product feature updates and more!<\/span><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.linkedin.com\/in\/brendandavidchai\/\"><span style=\"font-weight: 400\">Brendan Chai &#8211; Regional Key Account Manager &#8211; GrabForBusiness<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"With markets opening up and the easing of Covid-19 restrictions, the transition back to working from the office and reestablishing what seemed like a long-forgotten routine may be a bittersweet sentiment to some and inevitable to most.\u00a0 Being physically present in the office and the (re)start of face-to-face meetings begets a need to move around [&hellip;]","protected":false},"author":1271,"featured_media":125503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[219,205],"tags":[217],"acf":[],"_links":{"self":[{"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/posts\/125508"}],"collection":[{"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/users\/1271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/comments?post=125508"}],"version-history":[{"count":1,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/posts\/125508\/revisions"}],"predecessor-version":[{"id":125509,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/posts\/125508\/revisions\/125509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/media\/125503"}],"wp:attachment":[{"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/media?parent=125508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/categories?post=125508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grab.com\/my\/wp-json\/wp\/v2\/tags?post=125508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}