Databasics CEO Alan Tyson and CTO Marcel Syriani examine what clients’ employees have been expensing during the pandemic and recommend a new focus on managing remote resources. Some time back, to better identify market trends, we developed an expense reporting index. We thought we would share some of the more interesting things it shows us…
Expensify CEO David Barrett sent some customers into a frenzy with commentary about politics that was at once remarkable and in character. His message, posted Thursday to his company website and sent to all users of its expense management products, said, “Protect democracy, vote for Biden.” If the ensuing tweetstorm is to be believed, Expensify…
Amid deteriorating macroeconomic conditions, cash is crucial. Global VAT reclaim from international business travel is a way to recover some. ProKonsul Consulting’s Gaurav Sundaram provides pointers on maximizing the opportunity. Global VAT reclaim (GVR) is today the single-largest untapped savings opportunity inherent in business travel programs. The opportunity is twofold — monetizing both past and…
Spend management company Coupa added more travel tech to its portfolio, acquiring business travel app builder ETA Inc. ETA co-founder and CEO Choon Hong Peck on Friday informed The Company Dime of the transaction, indicating that he was unable to disclose additional details. Contacts at publicly traded Coupa have not responded to requests for comment….
[UPDATE, Nov. 16, 2021: U.S. Bank parent U.S. Bancorp agreed to acquire partner TravelBank. Financial terms were not disclosed.] TravelBank is doubling down on expense management, which CEO and co-founder Duke Chung called “the only software you can justify purchasing at this time.” During a Wednesday phone interview, Chung described the company’s new Work From…
Multiple Expensify clients are planning to find a replacement as complaints about the expense software company’s card program marketing to individual employees continued into a second month. Among the clients whose people have grumbled publicly are WordPress builder Automattic and payments platform Square. Katie Dally is a communications professional at Square. “Nobody likes doing expenses,…
It was a record year for U.S. federal prosecution of corruption and fraud. The Justice Department Criminal Division in 2019 charged more individuals, and secured more guilty pleas, for violations of the Foreign Corrupt Practices Act than in any year since it was enacted four decades ago. This topped the previous two years, which were…
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