'Business Profiles' lets users switch between leisure and business trips without logging in and out of the Uber app.
According to Greg Greiner, lead product development of Uber for Business, the added feature will help reduce instances of travelers fraudulently claiming expenses on personal trips as businesses can view the routes taken by employees.
The company is also launching a new way to pay.
In a departure from its strict policy of credit cards only, businesses will soon be able to pay monthly by bank transfer.
The method has already been trialed with major accounts Evernote and Deutsche Bank.
Uber for Business has signed up more than 50,000 companies since launching last year and the company claims the service helps firms save about $1,000 per employee a year despite not offering corporate discounts.
Uber for Business lets companies export all trip data to other business travel applications like Concur and set their own mandatory travel policies.
Another travel management firm Certify recently said in a report Uber had overtaken conventional taxis as the preferred choice for ground transportation for business travelers, amassing 55% of total receipts compared with 43% for taxi services.