Spend management company Emburse, parent of Chrome River and Certify, last month acquired data analytics firm Data Visualization Intelligence and last week bought app maker Roadmap. At a time when corporate travel remains mostly dormant, the forward-looking stories of these deals mirror classic business tales of challenge and opportunity. “These are two companies that built…
The pandemic stopped most business travel, but it did not end the relentless and historically futile quest for an online-first intermediary that attracts and keeps loads of small-to-midsized business clients. While many such companies use local corporate travel agencies and some use global ones, a lot of them book with suppliers or consumer-oriented online travel…
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…
[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,…
Corporate travel and expense management administrators sometimes feel uneasy when suppliers contact company employees directly. Managers get really annoyed when employees receive confusing or misleading information about products or services their companies haven’t bought. Expensify, which has targeted the end user since its inception, inflamed these sensitivities among its clients. Company officials said it was…
Expensify founder and CEO David Barrett on Monday evening announced an ambitious program for social change that, among other measures, directs 10 percent of revenue generated from its corporate card to charity. The company created a charitable organization that solicits donations from non-customers as well as those using Expensify’s payment and expense solutions. The mission…
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