DISQUS

VentureBeat: Expensify raises $1M for online expense reporting

  • Clark Hogan · 3 months ago
    My company has been using ExpenseBay.com. These guys sound similar but cannot put the expenses into the format my company requires. We use spreadsheets and Quickarrow. ExpenseBay allow you to load your companies excel format and export it with the receipts as a PDF. Or export it to an expense management system like NetSuite or Intacct. Worth checking out -made my life a hell of a lot easier.
  • Ryan Huber · 3 months ago
    Now this sounds like a winner!
  • Expensify · 3 months ago
    Hi Clark! Have you tried Expensify? I think a few things that make us different are:

    1) Expensify Guaranteed eReceipts - Because we import directly from your bank (without any intermediaries) we can guarantee to the IRS that your expenses are for real.

    2) Online reimbursement - We're not just a "data in, data out" website, Expensify deals with real dollars. That means we can reimburse expense reports up to $10,000 with our online payment engine, to and from any credit card or checking account.

    3) PCI compliance - We are very, very serious about security, upholding perhaps the most rigorous security standard online; the same one upheld by PayPal. Granted, ExpenseBay doesn't deal in real dollars or actual financial data so they've picked an easier problem, but having an fundamentally secure architecture enables us to do a lot more.

    And there are lots of little things -- support for small business tax categorization out of the box, QuickBooks export, Salesforce integration, an open API, etc. There's plenty of room for the both of us and we're by no means trying to be everything for everybody. But if you're looking for the fastest expense report in the west, you could do worse than to check us out! If you do, please drop me a line at dbarrett@expensify.com or call me at 801.860.0540 -- I'd love to hear from you!

    -david
    Founder, CEO of Expensify