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.”
Expensify’s direct Intacct integration also cuts down hours of manual data entry and makes it faster than ever for businesses to close their books each month.
“The combination of Intacct and Expensify helps joint customers accelerate and streamline their expense reporting and expense management processes,” said Scott Lumish, VP of Business Development at Intacct. “Expense management tools, such as Expensify, are extremely helpful to companies with distributed workforces. With this integration, expense reports created in Expensify can be easily uploaded into Intacct to enable finance departments to more easily maintain tight control over expenses and cash flow.”
With the Expensify-Intacct integration, users can:
- Automatically import Department, Location, Class, Projects, and Customer dimensions from Intacct into Expensify
- Configure accounting and approval workflows in a few, simple clicks
- Separate corporate card expenses from out-of-pocket expenses on a report automatically with Expensify
- Import pre-existing employee records from Intacct into Expensify to avoid the hassle of re-entering employee data
“Expensify is a clearly established leader in providing ‘expense reports that don’t suck,’” said Gregory LaFollette, strategic advisor for CPA.com. “When combined with Intacct’s best of breed accounting, the pair makes a very compelling offering for CPA firms and their business clients. We at CPA.com applaud integrations like this as they increase usefulness across the entire eco-system.”
Expensify takes the time, headaches, and paper out of expense reports with an easy-to-use mobile and web app that streamlines the expense process from first receipt to reimbursement. With SmartScan, Expensify’s patented OCR technology, credit card transactions are imported and automatically matched with receipts, eliminating all manual entry. Throw in corporate card reconciliation, auto-categorization, sophisticated expense policy enforcement, and a direct integration with Intacct, and it’s clear why Expensify (now available in the Intacct Marketplace) is the leading choice for accountants and businesses everywhere.
Since 2008, Expensify has been the innovation leader in automated expense management, starting with the introduction of its patented mobile receipt transcription technology SmartScan (Patent #US8861861), which has since become an industry standard. Expensify continues to lead the industry by delivering best-in-breed expense management to over 16,000 companies and 4 million users around the world and wants to work with you too!
Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 10,500 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
Max Wertheimer, 415-302-1584