Archives For November 30, 1999

New partnership makes it easier than ever for companies to keep track of business expenses, approve expense reports and reimburse employees 

LAS VEGAS–(BUSINESS WIRE)–Today, at the annual Intacct Advantage Conference, Expensify, the fastest growing expense reporting software worldwide, announced that it has integrated with Intacct, a leading provider of best-in-class cloud ERP software. Named one of 2015’s Most Innovative Companies by Fast Company, Expensify automates your expense reporting process from the moment you get your first receipt to when the accountant exports the final report into Intacct.

“Our mission at Expensify is to create a hassle-free expense reporting experience for both businesses and their employees,” said David Barrett, founder and CEO of Expensify. “By partnering with Intacct, the entire expense reporting process is automated, making it incredibly simple for employers to track, approve and reimburse business expenses. Our technology also gives employees the ability to conveniently log expenses straight from their phone, easily separate out corporate card expenses from out-of-pocket expenses and receive next day reimbursement instead of waiting weeks for a check to arrive.”  Continue Reading…

We’re using the stage Finovate Spring today to announce automatic receipt scanning and credit card association, along with self-tuning expense categorization that learns from user behavior. Check out what our official press release has to say:

“Expensify has been storing receipt images for a while, and recently received our one-millionth uploaded receipt,” says David Barrett, Founder and CEO of Expensify. “But we’re only just now starting to actively process those images to track and report expenses without any typing.”

With this new feature, receipt images are scanned upon upload such that the merchant name, sales date, and purchase amount are automatically read from the receipt image without any user interaction. Additionally, receipts that correspond to purchases on a credit card imported into Expensify are automatically associated with the matching expense. Finally, the category of the expense is automatically derived from information in the expense and past activity by the user.

“There are some services big and small that provide elements of this new feature,” adds David. “But only Expensify offers end-to-end expense report automation by combining receipt scanning, credit-card association, and self-tuning categorization.”

This new feature will be fully compatible with all past uploaded receipts, whether through Expensify’s iPhone, Android, BlackBerry, or webOS applications; sent to receipts@expensify.com; or uploaded through a web browser at https://www.expensify.com.

Learn more about receipt scanning!