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!
Hey there, I have some news to share that I think you’re going to like (and if not you, then definitely someone you know). In short: Expensify has just launched new plans for individuals at only $5 per month! As crazy as it sounds, this is by far our most commonly requested feature, but it has taken us 10 years to get around to it. Continue Reading…
It’s now easier than ever for your company to get a value-added tax (VAT) refund on international expenses. Just connect Expensify to Global VaTax or Taxback International and your expenses flow automatically across for VAT analysis, submission, and recovery. Even better, depending on the country and type of VAT, your company could be eligible for a VAT refund on expenses going back as far as 5 years!
Since 2008, Expensify users have saved more than 24 years of manual data entry with SmartScan.
Check out the infographic below for more cool stats on the past 10 years of Expensify!
2017 has been the year of partnerships for Expensify: We’ve launched a number of receipt integrations, an AirPlus Partnership, and now we’ve joined 9 Spokes as a featured widget in their data dashboard!
The newly-launched 9 Spokes dashboard offers users key insights and a real-time analysis of their business data, allowing users to see the full picture of where their business stands from both a financial and growth perspective.
If you’ll recall David’s last newsletter and blog post, Expensify has been growing rapidly in the last six months, and we’ve seen the toll it’s been taking from a customer support perspective:
It has been a busy, busy year. Just a couple months ago I mentioned we had 35,000 customers — well now it’s 43,000. We’re on track to add more customers in six months than we’ve added in the past *six years*. This has placed a pretty serious strain on our system and people, and I really appreciate your patience as we ramp up both to sustain this rate of growth as the “new norm”.
As the team discussed additional ways to offer timely support to our users, we realized one very important thing: we lacked a communal space for users to connect with other users, ask questions, trade tips, and share experiences in our common quest to build an efficient expense management workflow that works for everyone.
Continue Reading…
Hello! I hope you’re enjoying the height of summer (or winter) wherever you are. I just wanted to give a quick update on some incredible progress with one of our lesser known but increasingly important features: receipt integrations.
Just one year ago (almost to the day!), we launched our first round of receipt integrations. Our vision was to eliminate paper receipts by importing them into Expensify directly from the most commonly expensed merchants, such as Uber, HotelTonight, and Revel Systems POS. We added Lyft to the roster last week, and the receipt fire still burns! Here are our five newest receipt integrations, all focused on smoothing the pains of business travel:
It’s always a thrill ride when an Expensify customer becomes an Expensify partner, so buckle up!
We’ve partnered with Lyft to make expensing business rides automatic and touchless, like your favorite Sunday carwash. When your Lyft ride is complete, your ride receipt will automatically populate in Expensify for easy expensing – no clicks or taps necessary!
Everybody knows what accounting is:
Accounting [uh-koun-ting] (noun)
The theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.
But what is “preaccounting”? Not everybody is as familiar with this newer concept, so I’ll go ahead and define “preaccounting” as:
Preaccounting [pri–uh-koun-ting] (noun)
The system through which financial data is gathered, coded, aggregated, and normalized so as to enable accounting to occur; accounting processes executed by non-accountants, including expense management, time tracking, etc.
In layman’s terms, preaccounting is the super boring, tedious work that nobody wants to do, but that absolutely needs to be done before the truly valuable accounting work can begin. Unlike accounting, which is clearly the job of accountants, preaccounting is nobody’s job. Continue Reading…
Expensify Blog 