Accounting firms have the challenging task of managing the financial matters of multiple clients simultaneously. This responsibility becomes increasingly complex when dealing with the many receipts, invoices, and transactions generated by clients’ daily operations. Enter the Expensify Card – a revolutionary tool that is transforming how accounting firms manage their clients’ expenses.
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Since 2011, Expensify’s unique and autonomous work culture has made our company a model for remote work. Our commitment to providing employees with the freedom to manage their own schedules and workloads has resulted in a reputation for innovation, creativity, and collaboration.
At the core of Expensify’s success is a deep commitment to trusting our employees, which replaces traditional management structures that result in micromanagement and strict oversight. Employees are empowered to work when and where they choose, as long as they follow the company’s “Two Rules”: Get Shit Done & Don’t Ruin it for Everyone Else. These two rules are built on Expensify core qualities: Talent, Ambition, & Humility, and are identified as the most crucial for the Expensify team to cultivate to ensure its long-term success.
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Expensify’s new referral program is here, and we couldn’t be more excited. As a community-driven company, we’re always looking for ways to connect with our users, and the referral program is designed to do just that.
With over 12 million users, Expensify is already a well-known and trusted expense reporting solution. We’ve always been a business that grew through word-of-mouth; people have receipt tracking, they find us and try us out, they submit their expenses to their boss, and their boss reaches out to us to adopt. Now, we want to reward all of you who have been sharing Expensify with your friends, family, and colleagues, by giving you $250 for each successful referral.
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If you haven’t given it a go yourself, do it. It’s a really fun tool to play around with. I’ve used it to proofread my writing, help plan an upcoming trip, and am exploring how to integrate it into the Expensify app. So naturally, I decided to ask ChatGPT, “What is the best expense management app?”
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As people from around the world continue to catch wind of Expensify, we’re excited to offer additional features and partnerships to support our international customers. So far we’ve partnered with companies from the US, UK, and Australia, and now we’re headed even further with a new receipt integration with Grab, the leading rideshare company in Southeast Asia.
Today we’re excited to officially unveil our new logo. We’ve been working hard over the past year preparing for our first ever TV commercial – which will air during Super Bowl LIII – and there’s no better time than now to freshen up our look before we hit the big stage.
Spend Trends is our analysis of today’s most popular, fastest-growing, and emerging business expense trends. As you can imagine, after 10+ years in the expense management game, we’ve gathered some pretty cool insights into the top trends in business spending. We’re excited to share them with you!
While we’ve heard about automation and AI for some time, 2018 was the year where technology was more fully embraced by accounting practices and their customers in the UK. According to Accounting Today’s “Year Ahead” Survey, adoption of cloud accounting is now between 45% and 58% depending on the size of firm, and the global accounting software market is estimated to be worth $11.6 billion by 2026. Continue Reading…
As we countdown to a new year, don’t forget to update your mileage rate according to the new IRS standard! Beginning January 1, 2019, the business standard mileage rate in the US will be 58 cents per mile, up from 54.5 cents per mile in 2018. Check out IRS.gov for more details.
Hopefully you’re settling in for the holiday season with a warm cup of cocoa, a list of Netflix specials, and a toasty fire fueled by burning receipts. In the meantime, we’re here to let you know that 2018 was our best year yet – we’re growing faster than ever, expanding our ExpensifyApproved! program like crazy, and building out new partnerships around the globe.
Here’s an abbreviated recap of our year so you can get back to doing what you love:
- We announced four updated plans – Track, Submit, Collect, and Control – so pretty much anyone can incorporate Expensify into their daily workflow. We’re talking self-employed hustlers, freelancers, contractors… even employees of companies who don’t currently use Expensify. Try the plan that’s right for you today – for free!
- Our ExpensifyApproved! Partner Program grew to include 35% of the top 100 U.S. accounting firms and 70% of the top 10 U.K. firms. In tandem, we built out ExpensifyApproved! University as a one-stop training and certification program for any accountant or bookkeeper who wants to master Expensify and pass along the benefits to their clients.
- We doubled down on product features that make audit and compliance easy for any Expensify admin. Our Reconciliation Dashboard is the go-to tool for realtime visibility across company card transactions and an invaluable feature around month-end close. Concierge DoubleCheck is an ever-present, AI-powered audit and compliance buddy that automatically flags duplicate receipts, risky expenses, and more.
- Partnerships-wise, we were named NetSuite’s Innovation Partner of the Year and teamed up with corporate travel management startup TripActions, HR platform Gusto, and VAT recovery providers Global VaTax and Taxback International for streamlined integrations.
Want to hear more about what we’ve been up to in 2018? Check out the full press release here and join the Community for in-depth discussions on everything Expensify!