[UPDATE, Sept. 7, 2017: Expense management system provider Certify bought nuTravel’s online booking system. It will offer the tool as part of Certify Enterprise Travel. The two companies announced a partnership for that product in July. The expense management system provider already offers booking tech to small businesses under the Certify Travel brand. NuTravel will maintain its airline… Read More »
[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 »
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 »
Expensify CEO David Barrett likes dissing corporate booking tools, and seems to consider travel management his competition. He proudly opines that expense will “eat” corporate travel. Expensify for the most part has ignored traditional enterprise sales as it targets the end user with its expense app. Popular with startups and “unicorns,” Expensify recently signed Yahoo and its 12,000 users, showing a desire to move up market. That means… Read More »