[3] Barrett has said he founded Expensify because of his "hatred" of expense reports--the company's slogan is "Expense reports that don't suck! Things get complicated with the Collect and Control plans, with pricing based on whether you choose to use the Expensify Card. Expensify's Feature-Rich Platform. Be sure to check out their free demo and try the application out for yourself. Expensify is a business system used to manage expenses, transactions and money matters through its real-time data and reporting processes. In July 2015, CEO David Barrett addressed United States Congress on behalf of the app industry, speaking to a House, Health, and Technology subcommittee. Be sure to check out their free demo today. The accounting functions performed by the user-friendly interface of Expensify come handy for many money management issues. Tired of those products that promise easy expense management but end up being anything but? Check out these alternative options for popular software solutions. Zoho Recruit combines a robust feature set with an intuitive user interface and affordable pricing to speed up and simplify the recruitment process. GPS mileage tracking, per diem management, and bank and credit card transaction importing are also available in all Expensify plans. [3][10] The app tracks and files expenses such as fuel, travel, and meals; once users photograph receipts, artificial intelligence identifies the merchant, date and amount of the transaction, then automatically categorizes and saves the expense. Learn how using our software-specific feature walk-throughs and how tos. The Expensify Card is the world’s smartest corporate card in town, thanks to market-first daily settlement, unapproved expense limits, and realtime compliance features that enable the highest spend within the safest limits. The My Expenses feature in Expensify lists all of your current scanned expenses. All rights reserved. Expensify is a revolutionary expense tracking software package built to … Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities. Expensify is a popular expense management platform with great features, but it might not be for you. The Expensify Card has created some recent controversy if you read through the Expensify User Community posts, with the company now basing pricing on whether you use the Expensify Card in your business. Expensify is hosted on the cloud so no worries about installation and the implementation process went very smoothly for us. Expensify offers a fully functional mobile app for both iOS and Android devices that allows you to scan and upload receipts, view expenses, and approve expense reports. Once these items have been completed, you can access the other features from the vertical menu bar at the left of the screen. The Author and/or The Motley Fool may have an interest in companies mentioned. Finally, Expensify offers easy integration with your accounting software application, so both expenses and reimbursements will be easily and accurately recorded. [2] Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six. Just swipe the Expensify Card, and the transactions will appear instantly in your Expensify app. While it may not be for everyone, the Expensify Card allows you to manage both your expenses and your employee’s expenses by setting limits on each card. We've tested, evaluated and curated the best software solutions for your specific business needs. Expensify is a software company that develops an expense management system for personal and business use. This is your chance to develop, implement, and maintain the infrastructure that keeps Expensify running flawlessly. Expensify also operates a venture capital arm known as Expensify Ventures. Freshworks CRM software caters to businesses of all sizes. Expensify is a scalable, easy-to-use expense management application ideal for small businesses. Expensify is perfect for bigger businesses—we’ll get into the why in a bit—but it’s a good fit for the smallest of small businesses too. If your organization is already using Expensify and you belong to a company policy, you’ll have access to unlimited SmartScans by default. [1], Expensify was founded in 2008 by current CEO David Barrett. Expensify hasn't raised private funding in five years, so Barrett declined to estimate the valuation the company would achieve in its listing. Expensify offers receipt imaging, a fully functional mobile app, and access to the Expensify Card, which can be used to better manage business expenses. Expensify categorizes and codes each receipt, and automatically submits business expenses for approval and reimbursement. [10][11] It also allows users to create receipts from online purchases that can be submitted for reimbursement. Get trustworthy advice to help your business grow. Snap a photo of your receipt using SmartScan and Expensify takes care of the rest. Expensify is backed by Redpoint Ventures and other venture capital firms. This review will help you understand what the software does and whether it’s right for you. With various price points available, Expensify can be used as easily by a freelancer as it can when you’re managing multiple teams. [12][13], Expensify allows users to download expense reports based on user transactions. Another benefit is the Expensify Card. [8] Expensify acknowledged that a bug allowed fewer than 200 receipts to be visible to certain company contractors using Mechanical Turk to test a new feature under development. For those using the card, funds will be placed on the card once an expense has been approved. Looking for a different set of features or lower price point? 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