Expensify, a payments technology provider, announced a suite of “powerful” updates to its Expensify Travel platform. The platform now supports central billing, event management and enhanced employee itineraries, designed specifically to simplify corporate travel planning and reduce T&E costs.
David Barrett, CEO of Expensify, said, “Business travel has always been one of the most manual, frustrating parts of work.” He added, “We’re tackling that head-on by building travel into our superapp in a way that puts flexibility and control back in the hands of employees and finance teams.”
The latest Expensify Travel updates include:
- Central billing:
- Pay for all travel on a central company card, or configure cards per team
- Choose what’s paid by card: flights, hotels, cars and/or rail
- Automate expense categorization and reconciliation
- Maintain strict control to reduce fraud risk
- Gain real-time visibility into bookings and expenses
- Minimize missing receipts and manual follow-ups
- Event management:
- Share custom travel booking links for offsites, conferences and more
- Track RSVPs right from the Expensify Travel dashboard
- Automate attendee booking within the travel policy
- Set and update rules for individuals or entire groups
- Use templates for recurring events like candidate visits
- Centrally track and bill group travel expenses
- Employee itineraries:
- Automatically group bookings by trip in the Expensify app
- Enable admins to book on behalf of others, with automated expense routing
- Display flight, hotel, rail and rental car details in one easy view
Expensify Travel, according to the announcement, aims to reduce T&E costs by up to 30% by automating “the most painful” aspects of business travel for employees, admins and finance teams alike.
