Expensify
AI-Powered Spend Management & Reimbursements for businesses of all sizes.
Executive Summary
Expensify is a leading expense management platform that automates the entire expense cycle, from receipt capture to reimbursement and accounting integration. It serves individuals, small businesses, and large enterprises, streamlining financial operations and enhancing productivity. The platform's key differentiators include its AI-powered SmartScan technology, corporate card offerings, and comprehensive spend control features, providing real-time visibility and compliance.
Use Cases
- Automating employee expense reporting and reimbursement.
- Reconciling corporate credit card transactions efficiently.
- Managing business travel bookings and associated expenses.
- Enforcing company spending policies and ensuring compliance.
- Tracking mileage for business purposes.
- Processing and paying bills, and generating invoices.
Features
Visibility
- Real-time Spend Tracking: Gain instant visibility into employee spending as it happens, across corporate cards and reimbursements.
- Customizable Reporting: Generate detailed and customizable reports to analyze spend, identify trends, and support strategic business decisions.
- Budget Management: Set, track, and manage budgets across teams and departments to control spend proactively.
- Expense History & Audit Trails: Access a complete history of all expenses and actions, providing a clear audit trail for compliance and review.
Intelligence
- SmartScan Receipt Automation: Automatically capture and transcribe receipt data using AI and OCR, eliminating manual data entry.
- AI-Powered Policy Enforcement: Automatically flag policy violations and ensure compliance with company spending rules.
- Automated Approvals: Streamline the approval process with automated workflows based on predefined rules and hierarchies.
- Concierge AI Support: Receive 24/7 AI-driven support for common queries, with seamless escalation to human experts for complex issues.
Support
- 24/7 Concierge Support: Access round-the-clock support via AI Concierge, capable of handling basic queries and escalating to human agents.
- Email & Chat Support: Direct support available through email and chat channels for user assistance.
- Comprehensive Help Center: Access a rich knowledge base with guides, tutorials, and FAQs for self-service support.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- MFA, SSO/SAML
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- NLP
- Machine Learning
- Computer Vision
- LLM
Integrations
- QuickBooks
- Xero
- NetSuite
- Sage Intacct
- Certinia
Security & Compliance
Certifications: SOC 1 Type II, SOC 2 Type II, PCI-DSS, GDPR
Encryption: HTTPS+TLS for data in transit, industry-standard encryption for data at rest.
Pricing
- Model
- Per user/month, Tiered subscription
- Starting Price
- Collect plan at $5/member/month, Control plan at $18/user/month. Free plan available with Expensify Card.
- Target Customer
- SMB to Enterprise, Freelancers
- Contract Type
- Monthly, Annual (with potential discounts)
- Free Trial
- Yes, Varies (free plan available, trials often 30 days) (credit card required)
About Expensify
Expensify is a publicly-traded software company that offers a leading application for expense management, receipt scanning, and business travel. It serves as a preaccounting platform, helping 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, and send invoices.