Online cab aggregator Ola has launched Ola Corporate, a business solution for companies which will allow their employees to get an Ola cab within a 5 minute ETA. This will operate across major Indian metros and let companies manage a centralised travel system from the companies’ prepaid account.

Ola Corporate, the company says, will make applying for transport reimbursement redundant and paperless for employees and companies. It adds that the fares will be the same as those of its B2C offering, claiming that businesses can save up to 60% on travel costs by on demand consumption. Ola Corporate will also let companies decide on different ride policies for different groups of employees depending on the company’s needs.

After a company verification, employees can toggle between Corporate ride and their personal Ola transport. Enabling Corporate will bill the ride directly to the company’s corporate account, not needing the users to pay for it. Regular features of Ola will be available on Corporate as well, along with the options of Ola Mini, Sedan and Prime, with plans to make available Ola Share and Shuttle in the future.

Signing in to Ola Corporate, users get a dashboard with user profiles, rides, employee groups and payment. It also displays available balance, total expense and rides completed, where both the employer and the employee can export CSV files and invoices of their trips by group. Companies need to recharge for a minimum of Rs 5,000 when they sign up.

Uber’s business profile: In November last year, Uber launched business profiles for users where they could sign up through their company email and toggle between business and personal accounts in the same app. The company had apparently launched Uber for business in the UK, UK, France and Canada since July 2014 and claims to have 50,000 companies signed up from over the world, India included.

Interestingly, Uber also claims ETAs of less than 5 minutes for cabs which can be taken for work meetings, airports trips while giving the company the authority to add and remove employees and business hours at its discretion. The company claims that taking a Uber cab is 30-40% less than a taxi in most major markets. It also lets users submit an error like “I used the wrong profile” or “I used the wrong payment method” to correct both in a trip.

Recent Ola developments: Ola recently launched a private carpool category on its app in Delhi NCR, which let car users create groups and pool rides via the app. It also launched Ola Share, the company’s ride sharing service, in Mumbai, after initially launching in beta in Bangalore in October last year. Last month, we reported that Ola’s shuttle service Ola Shuttle had suspended its operations in Gurgaon for not having got the correct shuttle service permits.

Also read: Uber pauses its uberAUTO service in India; same fate for UberINTERCITY?