Expensify, provider of the popular expense management app, has introduced the Expensify Card, a free corporate card for companies that use the app. The card, though physical, is a form of extra automation, as any card swipe automatically generates an expense entry.
“Expensify started as a corporate card way back in 2008, before we decided to focus on expense, so it’s fun to see the product come full circle with a card that naturally extends our existing platform,” said David Barrett, founder and CEO of Expensify, in a statement. “The card will make life even easier for our customers, who no longer have to worry about lost receipts, late fees, or accidental overspending.”
When an employee swipes the Expensify Card, each card transaction automatically inputs expense details and generates an audit-protected receipt, automatically completing the expense report and sharing transactions with admins in real time. On the admin side, daily settlement allows companies to set high cardholder limits and a lower risk of employee overspending. Admins also receive real time compliance notifications that keep their cardholders within expense policy guidelines, designed to expedite the submission and approval process.
Other features include:
- Continuous reconciliation of approved expenses between Expensify and integrated accounting systems so admins maintain a real time picture of company financials;
- Spend controls and card limits on unapproved expenses so companies can proactively manage cash flow and ensure policy compliance;
- No fees, interest, commitments, or personal guarantees. Employees and admins can access the exclusive benefits of the card with ease and confidence; and
- Exclusive perks from Amazon Web Services, Stripe, PagerDuty, Bill.com, Intercom, HighFive, Carta, Guideline, Stack Overflow, Gusto, SendGrid and more.
In addition to the current suite of perks and functionality, Expensify will continue to roll out even more time-saving benefits for the Expensify Card in the coming months.
Interested firm clients can sign up for the card here:
