Expense software provider Expensify has reported that it ended 2017 with the highest growth rate in the company’s history, surpassing $100 billion in employee expenses processed, and over 180 million expenses created last year alone. The company also added several product improvements and new partnerships to increase its global presence.
For the past several years, Expensify’s growth has mainly resulted from its relationships with accounting firms, the company reported. Because of firm relationships, the
Features added in 2017 include improved report approval workflow and automatic export of approved reports. This year, Expensify updated its user interface on both its mobile and web apps.
Expensify was also selected as the only receipt and expense management provider for both Xero HQ and QuickBooks Online Accountant, which are Xero and Intuit’s respective platforms for accountants to centrally manage their clients’ financial needs. In January,
The past year also saw Expensify expand its integration ecosystem, adding new partners Bill.com, FinancialForce, Lyft, Greenhouse and five travel solutions to its roster. To adapt its software for customers beyond North America, Expensify added batch reimbursement for Australian banks, and partnered with AirPlus, CDW and 9 Spokes in the United Kingdom.
“The past year has been full of tremendous progress and learnings, and we’re deeply grateful to our customers old and new for their enthusiasm along the way,” said David Barrett, founder and CEO of Expensify, in a statement. “We have ambitious dreams for 2018 and will continue doing everything we can to make life easier for everyone out there who has better things to do than keep track of receipts.”
