Single entity will be led by Eric Friedrichsen and will serve 4.5 million users and 14,000 companies >>
by: Harvey Chipkin
Six expense and payment companies have joined to form Emburse, a single unified entity. It will be led by industry veteran Eric Friedrichsen as CEO. Emburse brings together Abacus, Captio, Certify, Chrome River, Nexonia and Tallie, which offer solutions for organizations ranging from startups to global enterprises. The company employs 750 people worldwide, serving more than 4.5 million users at 14,000 customers in 120 countries. Friedrichsen said the new company will be able to share key technologies – such as real-time expenses, sophisticated data capture and extraction, and deep integrations with corporate cards – across the different solutions. He added that no one else in the industry “has the ability to innovate as fast with such a customer-centric approach.” Emburse’s vision, said Friedrichsen, is “to humanize work and automate everywhere we can, using technologies such as machine learning.” He said this will enable organizations to make faster, smarter decisions, empower business travelers to recapture lost nights and weekends spent doing tedious expense management, and “help make our users’ lives – and their businesses – better.”
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