Expensify Adds Budgeting to Help Companies Prepare for 2024
20 Dezembro 2023 - 11:00AM
Business Wire
Companies planning ahead for the new year
can now use Expensify to set budgets for their teams, departments,
or employees, and stay updated with smart notifications on spend
progress.
Expensify, Inc. (Nasdaq: EXFY), the financial management app
best known for expense management and corporate cards, launched a
new budgeting tool to provide admins with even more insight into
company finances. The tool lets admins set budgets either monthly
or annually for their companies as a whole or for individual teams,
departments, or employees. It also notifies both individuals and
their admins how much of their budget remains throughout a given
period, minimizing any surprises that may arise from
overspending.
“We’ve been working closely with our accounting partners and
steering committee to ensure our product continues to solve more
and more of their problems, and this was one of the most
frequently-requested features in recent conversations,” said Daniel
Vidal, Chief Strategy Officer at Expensify. “As companies tighten
their purse strings to prepare for the new year, we hope to be able
to provide all of our customers with tools that ensure smooth
sailing, no matter how bright or stormy the economy might feel at
any given time.”
The feature brings visibility to what percentage of a budget has
already been spent, so if, for example, you hit 50% of your budget
and you’re not already halfway through the year, you can anticipate
spend more accurately and make informed decisions about what
remains. While the tool won’t prevent anyone from spending over
budget, it aims to help employees feel responsible for keeping
their expenses reasonable and help administrators feel comfortable
trusting employees with company money.
This is the latest release in Expensify’s feature lineup, which
has expanded in recent years from expense reporting and the
eponymous corporate card program, the Expensify Card, to now
include bill pay, invoicing, and international functionality like
global reimbursements. To learn more about using Expensify, visit
use.expensify.com.
About Expensify
Expensify is a payments superapp that helps individuals and
businesses around the world simplify the way they manage money.
More than 12 million people use Expensify's free features, which
include corporate cards, expense tracking, next-day reimbursement,
invoicing, bill pay, travel booking, and chat in one app. Expensify
is available for free, with the option to upgrade for additional
functionality. Whether you own a small business, manage a team, or
close the books for your clients, Expensify makes it easy so you
have more time to focus on what really matters.
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version on businesswire.com: https://www.businesswire.com/news/home/20231220232921/en/
Gabi Horowitz, press@expensify.com
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