Since 2008, Expensify has pioneered innovation in the receipt and expense management process by automating every step from receipt scanning through reimbursement. The easy-to-use mobile and web apps offer powerful compliance features and integrations with all major accounting softwares, which save time for the whole team. Switching to Expensify cuts the total time spent on expense management in half and provides a 598% ROI. From solo-preneurs to global enterprises across all industries, Expensify serves over six million people and 60,000 customers around the world.
David Barrett is the founder and CEO of Expensify. He started programming at the early age of six and has been aspiring to become an expense report magnate ever since. David attended the University of Michigan where he worked in the Virtual Reality Lab before moving to Texas to write 3D graphics engines for the video game industry. Next, he moved to California to join Travis Kalanick in building Red Swoosh, a peer-to-peer file transfer technology, which was acquired by Akamai in 2007.
In 2008, David left Akamai to start Expensify and has since been relieving the world’s frustrations, one expense report at a time. Under David’s leadership, Expensify has grown into a platform with over five million users from solo entrepreneurs to Fortune 500 companies, surpassed 100 billion dollars processed worldwide, and seen over 660 million expenses created and reimbursed.
With his extensive technical and entrepreneurial background, David has been featured as a keynote speaker at prominent industry events including SaaStr, Money 20/20, FinDEVr, Finovate, UBS Global Technology Conference, and O’Reilly AI Conference, as well as television appearances on CNBC, Fox, and more.
What does Expensify do?
Simply put, we make expense reports that don’t suck!
What makes your product so unique?
Expensify offers one-click receipt and expense tracking – just take a photo of a receipt and put your phone away. Expensify automatically reads and transcribes the receipt data then adds it to an expense report, which can automatically be submitted, approved, and even reimbursed the very next day. Expensify connects with 98% of US banks and credit cards to automate reconciliation, as well as a growing roster of international banks.
Admins can configure Expensify to meet their organization’s needs, such as advanced policy compliance and multi-layer approval workflows. Expensify saves time, increases compliance, and offers realtime insight into company finances with fully automated, two-way integrations with all major accounting softwares.
Behind our product is a company with passionate people and goals. Our principles guide our approach, decisions, and work culture. Visit our blog if you’re curious what makes Expensify tick!
How do customers benefit from using your app?
With Expensify, people spend less time working on expense reports and more time pursuing their real goals. We make it super easy for employees to submit expenses and get reimbursed ASAP. They no longer have to keep a pocket full of crumpled receipts and spend hours manually tracking their expenses. For finance admins, we make sure that all expense reports are compliant with company policies and submitted on time, which provides them with realtime insights into company finances.
We also offer a partnership program for accountants, streamline the relationship between our accounting partners and their clients so accountants no longer have to chase down their clients for receipts every month – they spend more time advising their clients and less time doing grunt work.
What’s the demographic of your average customer?
Anyone who has receipts can sign up! From freelancers to Fortune 500 companies, Expensify is the perfect tool for anyone who needs to keep track of receipts and expenses. You can track personal receipts, submit business expenses to your company (even if they don’t officially use Expensify yet), or collect expense reports from colleagues. Our customers range from individual freelancers and small businesses to companies with thousands of employees. Take a look at some of our customers on Instagram or at use.expensify.com/customers!
What type of accounting partners do you work with?
From Top 10 firms to independent bookkeepers, the ExpensifyApproved! Partner Program offers discounts, training, and white glove support to help firms manage clients’ receipts and expenses. We work with 35% of Top 100 firms in the U.S., 25% in the U.K., and countless forward-thinking firms in Australia and beyond. Check out approved.expensify.com for more info!
How much does it cost?
In keeping with our company culture, our pricing is simple and transparent; there are no hidden costs for implementation, maintenance, or support. Check out the pricing page or savings calculator to see how much you could be saving with Expensify.
Who’s your competition and how is your app different?
Our two biggest competitors are pockets full of receipts and Excel spreadsheets. Believe it or not, the majority of businesses still track Expenses the old-fashioned way -- crumpled receipts and manual spreadsheets.
As far as other receipt and expense apps go -- well, business apps are only effective if people actually use them. Some expense management apps are so clunky, employees avoid submitting expense reports for months. Expensify prioritizes the employee experience, so people not only use our app, they genuinely love it -- and then they can put it away and forget about expenses.
How and why did Expensify get started?
Expensify was founded in 2008 by David Barrett who always hated expense reports and wanted to make them suck less. Read our story for more details!
Where is your company based?
Everywhere! We work with the best people from all around the world, regardless of where they call home. We started in San Francisco then expanded to Ironwood, Michigan and Portland, Oregon. We also have offices in London and Melbourne. If you find yourself in Denver, NYC, Berlin, or Amsterdam, you might run into a few of our teammates working remotely from cafes.
Who should I contact for more information?
Reach out to email@example.com; we're always happy to chat!