Taxi services are a crucial mode of transportation across many countries. The cab booking industry is rapidly evolving as an essential market today.
While mobility as a topic or sector isn't a new thing, a lot of businesses are plunging into a corporate taxi booking system to leverage their fair share of the growing market.
The latest study by Statista shows that the taxi market in the United States in anticipated to reach a revenue of US$22.33bn by the year 2025 and is expected to exhibit an annual growth rate (CAGR 2025-2029). Furthermore, the market volume of taxi market is project to reach US$18.67bn by 2029.
With cab-hailing and taxi-booking applications becoming omnipresent, corporate taxi service is a new trend in the market. In fact, the magnitude of corporate people using a taxi for day-to-day travel is rising at an unprecedented pace.
Previously, the dependence on privately owned vehicles was quite high, and public transportation was a single fallback option.
The scenario changed when a taxi service was called in specifically for trips to and from the airport. Also, no one actually pays attention to the need to travel during odd hours, in such situations taxi services help a lot. This continued until taxi-hailing tech firms like Uber and Ola came into the picture.
These firms entered the market a couple of years of ago with the proposition of convenience, ease of use taxi booking, and highly attractive rates. Several other local companies then joined the league replicating the Uber and Ola business models.
Customers took no time to adapt to the attractive offerings coming their way due to the highly competitive rates of various cab fleets. However, the business-to-business (B2B) taxi market was a difficult one to disrupt with the unpredictable booking spectrum evident on the business-to-consumer (B2C) side.
The B2B market required services that could assert long-term business relationships and a systematic movement of the workforce. But here's how the Yelowsoft’s cloud-based taxi dispatch system is geared up to serve the corporate world amidst the intense tech-led taxi booking competition.
Corporate people or employees essentially face two issues when it comes to booking a taxi service, which are, delay and security. From a security perspective, it is important that every taxi transfer service providing company should be registered and regulated by the local governments.
To facilitate security and ensure that the corporate employees' time is saved is a massive challenge for taxi booking service companies.
To bring a solution to this every day problem of the corporate world, YelowSoft introduced a cloud-based taxi dispatch system for corporate taxi business owners.
This taxi dispatch software solved the issues of time delay as well as ensuring the security of employees and their valuables.
It is the best solution that offers online booking and dispatching service in the corporate market where time and security of employees are major concerns. This system makes corporate transportation easy and hassle-free.
Whether it is about dropping off an employee at an airport, booking a ride for a client, arranging a pick-up and drop-off facility for employees, or visiting various business partners, this solution offers and ensures a great ride experience for the employees in your organization.
It efficiently manages all the travel needs of the employees and the business on the whole without letting you worry about your employee's transportation. Some of the benefits of using a corporate taxi booking system are as follows.
The benefits of using a corporate taxi booking system for a taxi business
Point to Point travel
Allows employees to travel conveniently within the city in a hatchback, sedan, or SUV.
Outstation business trips
Let the employees travel for site visits, an upcountry tour, or factory visits. The solution can allow employees to travel anywhere even off-site.
Executive rental solution
Allows businesses to book custom rides with multi-stop and wait-for options. This is ideal for employees visiting various clients in a single-ride.
Employee pick-up and drop service
Arranges convenient daily commute facilities for employees traveling alone, through a fixed route, or with a group of colleagues.
Events and Bulk booking
Helps to manage group taxi bookings, client and/or guest pickup, or a road travel requirement in bulk during business conferences, events, and celebrations.
Low costs
Employees pay only for the distance traveled. With a flexible and point-to-point billing solution, the user can pay only for the distance that the employee has traveled during the ride. This reduces the cost of employee transportation by up to thirty percent as compared to the traditional means of transport.
Time-saving
The solution enables hassle-free expense reporting to help you avoid manual bills and receipts. The employee need not worry about keeping or tracking the receipts. The system emails the receipts for each ride taken to the registered user email address along with a consolidated ride summary.
Flexible billing
YelowSoft offers multiple payment methods which allow direct billing to the company on a periodic basis. Employees can also make use of mobile wallets as well as cash to pay for the business ride.
Convenient booking
The convenient booking feature allows booking a ride from anywhere for themselves. The centralized booking officer can also book rides for your employees as well as for guests.
Transparency
The system tracks each business ride and provides insights into your employees' travel. It then sends an extensive report about the travel allowing you to control the travel spends and optimize the travel plan.
Apart from these stellar benefits, the Yelowsoft taxi booking system also offers some security features including.
A few security features of Yelowsoft taxi booking system
Track the ride
Track the ride in real-time and share the insight with family and friends.
Verified professional drivers
Every driver undergoes a police verification and extensive background check.
Privacy of number
The mobile number of each customer or employee is masked on the driver's application to ensure the privacy of employees.
Emergency service
The system also allows employees to be alert in case of an emergency, providing additional assurance for safety.
All in all, tech enterprises have an edge to provide corporate transportation services at an unprecedented scale and attractive prices with a potential opportunity on the horizon.
However, it is essential to understand customer needs and sensibilities and craft a system that aptly suits a corporate system.
Conclusion
In this blog, we saw the benefits of using a taxi booking system for corporate clients. From employee pick-up and drop-off services to tracking the ride, taxi booking software can help corporate clients a lot. They can easily book rides, track rides, choose the ride of their preference, look for dynamic prices, etc. and as a business, you can also easily manage all the ride requests without getting overwhelmed.
