Tag Archives: expense management

Shoeboxed Uncovers Expense App, Joining Crowded Field Addressing Huge Market

Annual growth percentages for the expense management market remain in the high single digits, according to recent reports from IDC and Technavio. That’s a big reason why the number of software providers, already in the dozens, keeps growing. While this may not concern large enterprise providers like Concur, Chrome River or Coupa, on the smaller end, the choices… Read More »

Expensify Alleges Patent Infringement In Suit Against Smaller Expense Rival

[UPDATE, Aug. 18, 2017: Abacus Labs Inc. asked the U.S. District Court for the Southern District of New York to dismiss Expensify’s claims because, Abacus argued, the patents in question are not valid. “These patents are directed to the abstract idea of correlating unreadable information in a financial record to another document from the same transaction,” attorneys wrote.… 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 marketplace following SAP’s $8… 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 sitting in our… 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 and CEO Robert… Read More »