Expensify reports strong growth in 2017
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 ExpensifyApproved! Partner Program more than doubled globally over the course of 2017, including the addition of U.S. Top 100 Firms Kaufman Rossin, BPM CPA, Rehmann, and Wipfli; Australian firms Moore Stephens, PKF, and BlueRock; and U.K. firms Baker Tilly International, PWC, Deloitte, UHY Hacker Young, and Menzies.
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, Xero named Expensify its App Partner of the Year in its annual Xero Awards Americas.
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.”