Tag Archives: expense management

Expensify Alleges Patent Infringement In Suit Against Smaller Expense Rival

Expensify sued expense management competitor Abacus Labs for infringement of receipt capture patents. Expensify’s cap-donning and sometimes pugnacious CEO and founder David Barrett announced the suit on Friday “with no joy.” He claimed Abacus infringed “two of our most core patents surrounding receipt scanning and, most importantly, the automatic matching of the scanned receipt to a credit… Read More »

Coupa, Chrome River Bag Millions

June was a huge month for two of Concur’s California-based competitors. Coupa raised $80 million at a valuation of $1 billion. Chrome River picked up $100 million, declining to disclose its assessed worth. Enterprise tech is attracting venture capital as established and new providers exploit mobile and cloud technology. The moves also reflect a competitive expense management software… Read More »

Microsoft Tests Expense App

[UPDATE, Feb. 24, 2016: Microsoft discontinued this project.] [UPDATE, April 10: Concur press statement added.] Microsoft is testing an expense app for iPhones that apparently integrates with Concur. “Nobody likes filing expense reports,” Microsoft wrote on Facebook, mimicking the raison d’être for expense providers like Concur and Expensify. “Each of us has a powerful computer… Read More »

Years Of Consolidation Gave Concur Market Power, But No Monopoly

[UPDATE, June 20, 2017: Expense system providers Certify, ExpenseWatch, Nexonia and Tallie are merging. K1 Investment Management is spending $125 million to create what it described as the “largest independent expense management software company.” The new entity will maintain existing product lines. Goals include “expanded offerings” and wider geographic reach. A statement from Certify founder… Read More »