Expensify, an expense, corporate card and travel platform, announced consolidated travel billing, a new payment option for Expensify Travel that enables businesses to centrally manage travel spend without issuing corporate cards to every traveler or relying on employee reimbursements.
Ryan Schaffer, CFO, said, “Central billing cards have long been the default solution for companies that don’t want to distribute corporate cards to employees, but they often introduce new challenges around reconciliation, visibility and administration.” With consolidated travel billing, he said, “we’ve reimagined central billing for modern travel programs, giving companies the convenience of centralized payment with a much simpler management experience.” For travel managers, said Schaffer, “it’s a better way to pay for business travel.”
Key benefits of consolidated travel billing, according to the announcement, include:
- One clean monthly bill for all travel spend
- Centralized travel billing without issuing corporate cards to every traveler
- No out-of-pocket employee expenses or reimbursement delays
- Consolidated visibility into travel spend across the organization
- Flexible settlement options tied to a designated business bank account
- Detailed travel statements with trip, traveler, merchant and booking information
- Accounting integrations that simplify reconciliation and reporting
- Automated credit card authorization form handling for hotels
With consolidated travel billing enabled, said the announcement, employees can continue booking through Expensify Travel while charges are automatically routed to the company’s centralized billing program. Finance teams gain access to a dedicated dashboard with visibility into spend, available credit, settlement settings and downloadable statements.
