Expensify - Detailed Review
Finance Tools
Expensify - Detailed Review Contents
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Expensify - Product Overview
Expensify Overview
Expensify is a comprehensive expense management platform that simplifies the process of tracking, managing, and reimbursing expenses for both individuals and businesses.Primary Function
Expensify’s primary function is to streamline the entire expense management lifecycle. It allows users to scan receipts, track expenses, generate expense reports, and manage reimbursements with ease. The platform also facilitates travel booking, bill payments, and invoice creation, making it an all-in-one solution for financial management.Target Audience
Expensify is designed for a wide range of users, including:- Businesses of all sizes, particularly those with 50-200 employees and revenues between $10M-$50M.
- Freelancers, independent contractors, and small business owners who need simplified expense tracking and tax preparation assistance.
- Employees and contractors who can use Expensify even if their company does not, allowing them to submit expenses electronically or via PDF.
Key Features
Here are some of the key features that make Expensify a valuable tool:Receipt Capture and Expense Tracking
- Users can scan receipts using the mobile app, and Expensify’s technology extracts key details such as amount, date, and merchant.
Travel Management
- Expensify allows users to book flights, hotels, rental cars, and rail services at competitive rates and easily import trip expenses.
Corporate Card
- The platform offers a corporate card with features like cash back on US purchases, fraud protection, and automatic transaction import for expense reports.
Reporting Automation
- Expensify automatically compiles expenses into reports for manager approval and reimbursement issuance, reducing manual tasks significantly.
Integration
- It integrates seamlessly with major accounting platforms like QuickBooks, Xero, NetSuite, Sage Intacct, and more, as well as HR, payroll, and travel software.
Bill Pay and Invoicing
- Users can send vendor bills for automatic tracking, approval, and payment, and create invoices with auto-calculated taxes and fees.
Global Reimbursement
- Expensify enables easy reimbursement of employees in their local currency across 190 countries.
Virtual Cards
- The platform allows for the issuance of virtual cards for purchases without the need for a physical card.
Financial Chat
- Expensify provides a centralized hub for financial communications with colleagues, clients, and vendors via chat, email, or phone.
Expensify - User Interface and Experience
User Interface Overview
The user interface of Expensify is renowned for its simplicity, intuitiveness, and user-friendly design, making it an excellent choice for managing expenses in the finance tools category.Ease of Use
Expensify boasts a clean and minimalist interface that prioritizes quick actions and accessibility. The platform is designed with a mobile-first approach, ensuring consistent functionality across devices, which makes it highly efficient for users on the go.Receipt Uploading
- Users can easily upload receipts using the mobile app by scanning them with their smartphone cameras, or they can drag-and-drop digital receipts on the web platform. This process is streamlined by Expensify’s SmartScan technology, which automatically extracts key information such as date, amount, and merchant name from the receipts.
User Experience
The overall user experience with Expensify is highly positive due to its intuitive design. Here are some key aspects:Receipt Scanning and Upload
- SmartScan Feature: The SmartScan feature simplifies the process of capturing receipts, reducing the need for manual data entry and minimizing errors. Users can also forward emailed receipts directly to Expensify, which auto-imports them into the expense report.
Expense Reporting
- Generating Reports: Generating expense reports is straightforward. Users can select the expenses they want to include, choose a template, and Expensify will format the report automatically. Reports can be exported in various formats such as PDF or CSV and shared easily.
Approval and Reimbursement
- One-Click Reimbursement: The platform allows for one-click reimbursement, significantly speeding up the approval and reimbursement process. Managers can review expense reports in one place, collect missing information, and approve expenses with a single click.
Integration and Compatibility
- Seamless Integration: Expensify integrates seamlessly with popular accounting software like QuickBooks, Xero, and NetSuite, as well as HR and payroll systems. This integration facilitates smooth data flow between systems, making financial management more efficient.
Feedback from Users
Users praise Expensify for its ease of use and the time it saves in managing expenses. Many appreciate the ability to scan receipts on the go, the automatic generation of expense reports, and the quick reimbursement process. The interface is described as easy to use, with large, easy-to-read font and helpful features like category suggestions, which make submitting expense reports much faster.Conclusion
In summary, Expensify’s user interface is designed to be user-friendly, efficient, and accessible, making it an excellent tool for individuals and businesses looking to streamline their expense management processes. Expensify - Key Features and Functionality
Expensify Overview
Expensify is a comprehensive expense management tool that leverages advanced technologies, including AI, to streamline financial processes for businesses and individuals. Here are the main features and how they work:SmartScan Technology
Expensify’s SmartScan feature allows users to scan receipts using their smartphone cameras. This AI-driven technology automatically extracts key information such as the date, amount, and merchant name from the receipt and categorizes the expense accordingly. This eliminates the need for manual data entry and reduces the risk of errors.Automated Expense Reporting
Expensify automates the process of creating expense reports. Users can set up custom templates and workflows to ensure reports are generated consistently and accurately. The platform supports bulk actions, enabling users to approve or reject multiple expenses at once. This automation saves time and ensures accuracy in financial reporting.Multi-Currency Support
For businesses with international operations, Expensify offers multi-currency support. The platform automatically converts expenses into the user’s preferred currency, ensuring accurate reporting and compliance with local tax regulations. This feature is particularly useful for global businesses.Integration with Accounting Software
Expensify integrates seamlessly with popular accounting software such as QuickBooks, Xero, and NetSuite. This integration allows users to sync their expense data directly with their accounting systems, streamlining the financial management process and making audits and tax season easier.One-click Receipt Scanning
Users can snap a photo of their receipt, and Expensify’s SmartScan will automatically capture all the details and include them in an expense report. This feature is especially convenient when combined with the Expensify Visa® Commercial Card, which eliminates the need for tedious receipt management.Credit Card Import
Expensify allows users to import their personal and business card transactions for automatic receipt merging and coding. This feature simplifies the process of tracking expenses and ensures that all transactions are accurately recorded.Customizable Workflows
Users can create approval workflows that fit their company’s structure and customize expense policy rules to automatically flag certain expenses for review. This ensures that the expense management process aligns with the company’s specific needs and policies.Corporate Card Reconciliation
Expensify facilitates the reconciliation of corporate card statements, allowing users to confirm statement amounts, review unsubmitted expenses, and manage corporate spending all within the platform.Advanced Tax Tracking
The platform syncs tax rates from the user’s accounting package or allows for custom tax names, rates, codes, and defaults for every expense policy. This ensures accurate tax compliance and simplifies tax reporting.Audit and Compliance
Expensify’s AI-powered receipt auditing automatically detects duplicate receipts, ensures accurate exchange rates, and confirms the validity of each transaction. This feature helps maintain compliance with financial regulations and reduces the risk of errors.Delegated Access
Users can grant colleagues the ability to create, submit, or approve reports on their behalf. Additionally, auditors can be given review-only access to employee expense data, enhancing collaboration and control.PCI-compliant Security
Expensify protects banking data with world-class security standards and complies with Privacy Shield and GDPR requirements, ensuring the security and privacy of financial information.Real-Time Reporting and Spend Trends
The platform allows users to generate real-time expense reports and manage employee and company-wide spending trends. This provides valuable insights for financial planning and analysis.AI Integration
Expensify leverages AI in several ways:Automated Data Extraction
AI agents extract expense data from receipts, emails, and other sources, ensuring accurate and timely submissions.Seamless Approval Workflow
AI automates the routing of expenses to the appropriate approvers, streamlining the approval process.Compliance and Accuracy
AI ensures that all expenses comply with company policies and are accurately recorded.Audit and Compliance
AI-powered receipt auditing detects duplicate receipts, ensures accurate exchange rates, and confirms transaction validity. These features collectively make Expensify a powerful and efficient tool for managing expenses, reducing manual work, and enhancing financial accuracy and compliance. Expensify - Performance and Accuracy
Performance
Expensify is highly praised for its performance in several areas:User-Friendly Interface
The software is commended for its intuitive and user-friendly interface, allowing seamless switching between phone and computer to monitor all expenses.Automated Features
Expensify can automate about 80% of the expense workflow based on transaction information alone. Its mobile-first, chat-first design helps streamline the remaining 20% by facilitating quick responses from employees, potentially leading to 100% end-to-end automation in the future.Receipt Scanning and OCR
The software’s Optical Character Recognition (OCR) is top-notch, making it easy to extract necessary information from receipts and create accurate expense entries automatically.Integration and Reporting
Expensify integrates well with accounting software, provides accurate reporting, and makes coding for projects easy. It also simplifies the reimbursement process, saving users a significant amount of time.Accuracy
In terms of accuracy, Expensify generally performs well:Receipt Extraction
The software reliably extracts relevant information from receipts, creating accurate expense entries.Reporting and Coding
Users appreciate the accurate reporting and easy coding features, which are crucial for financial management.Limitations and Areas for Improvement
Despite its strong performance, there are some limitations and areas where Expensify could improve:Detailed Descriptions
Some users find that the software may not provide enough detailed information for certain accounts departments, requiring manual additions.Currency and Fuel Rates
Expensify does not regularly update currency and fuel rates for certain countries, which can lead to financial inaccuracies and losses.Language Support
The OCR feature struggles with languages other than English, requiring manual intervention for languages like Chinese, Japanese, or Thai.Customer Support
There are mixed reviews regarding customer support, with some users experiencing delays and difficulties in resolving issues.Advanced Functions for Large Enterprises
While Expensify is scalable, it may lack some of the advanced functions and complexity needed by larger enterprises compared to more enterprise-focused solutions like SAP Concur.Additional Considerations
For international businesses, Expensify’s multi-currency support is a valuable feature, but it needs to improve its currency rate updates to ensure financial accuracy. Additionally, the software’s compatibility with all platforms could be better, as some users report limitations in this area. Overall, Expensify is a strong tool for expense management, offering significant automation, ease of use, and accurate reporting. However, addressing the limitations in currency updates, language support, and customer service will further enhance its performance and accuracy. Expensify - Pricing and Plans
Expensify Pricing Plans Overview
Expensify offers a range of pricing plans and features to cater to different needs, whether you are an individual, a small business, or a larger enterprise. Here’s a breakdown of their pricing structure and the features included in each plan:
Free Plan
- This plan is available for both individuals and small businesses.
- Features include:
- Free Expensify Cards (physical and digital) with customizable spend limits and cash back (up to 1% after 2021).
- Unlimited SmartScans for receipt tracking.
- Next-day ACH reimbursements for cash expenses.
- Free invoicing and bill pay with online bank transfer and credit card collections.
- Chat-based corporate travel booking for flights, hotels, and rental cars.
- Individuals can use this plan for up to 25 SmartScans per month, but small businesses can use it unlimitedly.
Collect Plan
- This plan is geared towards small to medium-sized businesses (SMEs) and startups.
- Cost:
- $5 per user per month if paid annually, or $10 per user per month without an annual commitment. However, it can be free if the business meets a minimum spend requirement using the Expensify Card.
- Features include:
- Company cards with customizable spend limits.
- Expense approval workflows.
- Accounting integrations (e.g., QuickBooks, Xero).
- Smart limits for card spending.
- Unlimited SmartScans.
Control Plan
- This plan is suitable for larger businesses or those needing more advanced features.
- Cost:
- $9 per user per month if paid annually, or $18 per user per month without an annual commitment. Like the Collect Plan, it can be free with a minimum card spend using the Expensify Card.
- Features include:
- All features from the Collect Plan.
- Multiple approvers for expense approval.
- Customizable expense policies.
- Custom reporting.
- Access control for different user roles.
Additional Considerations
- Expensify Card Discounts: Users on paid plans can earn up to 4% cash back on Expensify Card purchases, though this rate may vary over time.
- Pay-Per-Use Rates: If you don’t commit to an annual plan, you can opt for pay-per-use rates, which are generally higher. For example, the Collect Plan without a card commitment would cost $20 per active user per month.
Expensify’s tiered pricing ensures that whether you are an individual, a small business, or a larger enterprise, there is a plan that can meet your financial management needs.
Expensify - Integration and Compatibility
Integration Capabilities of Expensify
Expensify, a leading expense management software, integrates seamlessly with a wide range of tools and platforms to streamline financial operations, enhance accuracy, and save time. Here’s a breakdown of its integration capabilities and compatibility:
Accounting and Finance Integrations
Expensify integrates with several popular accounting software systems, such as Xero, Microsoft Dynamics 365 Business Central, and QuickBooks. For instance, the integration with Xero allows for automatic syncing of expenses, invoices, and financial data in real-time. This eliminates manual data entry, reduces errors, and ensures accurate financial records. The integration also enables features like exact expense coding, constant data syncing, and the import of customer contacts directly from Xero.
Travel and Receipt Management
Expensify also integrates with travel booking platforms like Uber and Lyft, as well as receipt management services. These integrations allow for the automatic import of travel-related expenses and receipts, making it easier to manage business trip expenses without the need for manual data entry or chasing down receipts.
Human Resources and Payroll
The software integrates with HR and payroll platforms such as BambooHR, enabling the automation of various business processes, including employee performance reviews, benefits, payroll, and timesheets. This integration helps in streamlining employee reimbursements and other financial tasks.
Collaboration Tools
Expensify can be integrated with collaboration tools like Microsoft Teams and Gmail. For example, the integration with Microsoft Teams allows users to share reports and files directly within the Teams platform, facilitating team collaboration and financial process coordination. The Gmail integration enables users to update reports and attach essential documents directly from their email accounts.
Cloud Storage and Project Management
Integrations with Google Drive and project management tools like Airtable and Scoro are also available. These integrations enable the automatic export and updating of files and reports, ensuring that all data is synchronized in real-time across different platforms. For instance, the Scoro integration allows businesses to link expenses to projects, providing a comprehensive view of project costs and budgets.
Corporate Card Management
Expensify integrates with corporate card providers, allowing for the automatic matching of corporate card transactions to respective team members. This feature provides full visibility and control over spending trends and ensures compliant tax rates for both domestic and foreign transactions.
Device Compatibility
Expensify is accessible across various devices, including desktops, laptops, and mobile devices. The mobile app is particularly useful for capturing receipts and logging expenses on the go, ensuring that all financial data is up-to-date and accurately recorded.
Indirect Accounting Integrations
For accounting software that does not have a direct integration, Expensify offers indirect integrations via flat-file imports. This allows users to export expense and report data into a format compatible with their accounting system, supporting software like Sage, Microsoft Dynamics, MYOB, Oracle, and SAP.
Conclusion
In summary, Expensify’s integration capabilities are extensive and versatile, allowing businesses to automate and streamline their financial operations across a variety of platforms and tools. This ensures accuracy, efficiency, and real-time data synchronization, making financial management more manageable and less time-consuming.
Expensify - Customer Support and Resources
Customer Support
Concierge Support
Expensify’s Concierge team is available 24/7. You can reach them through the Expensify app via chat or by emailing concierge@expensify.com. While Expensify claims responses in minutes, in practice, you might initially receive an automated confirmation email, and it could take some time to get a detailed response.
Setup Specialists
These are dedicated onboarding experts who help you get started with Expensify, connect your cards and bank accounts, and configure integrations.
Account Managers
These are day-to-day product specialists who can answer any questions you have and provide best practices for using the platform.
Additional Resources
ExpensifyHelp
This is a self-serve knowledge hub filled with useful information about Expensify, compiled by customers and the accountant Steering Committee. It serves as a valuable resource for learning more about the platform.
Payments Support
Dedicated support is available for questions regarding your Expensify Wallet transactions, transfers, or statements.
Partner Managers
For firmwide training, strategic goal planning, collaborative marketing, and more, Expensify provides dedicated team members to assist.
Self-Serve Tools
Expense Categorization Guides
Expensify provides guides on how to effectively categorize business expenses, including identifying and listing all business expenses, using a consistent categorization system, and leveraging accounting software for automation.
Expense Approval Process
The platform offers tools to manage the expense approval process, which includes submission, review, approval or rejection, documentation, and monitoring. This helps in managing cash flow, optimizing budgeting, and ensuring financial discipline.
Integrations and Automation
Expensify integrates with various accounting software like QuickBooks, Xero, and NetSuite, allowing for automated expense tracking and categorization. This helps in reducing errors and saving time.
User Interface and Tools
Mobile App
Expensify’s mobile app allows you to scan receipts, track mileage, and upload travel expenses. It also enables you to manage expenses, book travel, and access support on the go.
Automated Expense Reporting
The platform automatically generates expense reports for reimbursement or reconciliation, making it easier to manage and approve expenses.
By leveraging these support options and resources, users can effectively manage their expenses, streamline their financial processes, and ensure compliance with company policies and tax regulations.
Expensify - Pros and Cons
Pros of Expensify
Expensify offers several significant advantages that make it a valuable tool for managing expenses:Real-Time Expense Tracking and Automation
Expensify provides real-time expense tracking, giving you immediate visibility into your spending. This feature enables a more proactive approach to decision-making. The platform automates expense reporting by categorizing expenses and matching them with receipts, reducing the need for manual input and ensuring accuracy in expense records.Efficient Receipt Management
Expensify’s smart scanning technology allows users to capture and digitize receipts easily using their smartphones or tablets. This streamlines the entire expense tracking process and makes reporting more efficient.User-Friendly Interface
The platform has a simplified and intuitive user interface, making it easy for users to manage expenses without a steep learning curve. This user-friendly design enhances the overall user experience.Customizable Workflows and Policy Enforcement
Expensify allows businesses to establish and enforce custom expense policies, ensuring compliance with company guidelines. It also enables the creation of approval workflows that fit the company’s structure, automatically flagging certain expenses for review.Advanced Features and Integrations
Expensify offers features like corporate card reconciliation, multi-level GL coding, and advanced tax tracking. It also integrates with accounting systems, HR, and travel apps, making audits and tax season more manageable.Secure and Compliant
The platform ensures secure document management with PCI-compliant security standards and compliance with Privacy Shield and GDPR requirements. It also detects duplicate receipts, ensures accurate exchange rates, and confirms the validity of each transaction.Streamlined Reimbursements
Expensify streamlines the reimbursement process with direct ACH reimbursements and supports international reimbursements. It offers next-day payments, making the process efficient and hassle-free.Cons of Expensify
While Expensify has many advantages, there are also some notable disadvantages:Costs and Feature Limitations
Some advanced features are only available in higher-tiered plans, which can result in extra costs for companies that need those specific features. This can be a significant drawback for small businesses or those on a budget.Customer Support Issues
Users have reported mixed experiences with customer support, including delays and difficulty in resolving issues. The quality of support can vary based on the user’s location and plan.SmartScan Limitations
Expensify’s SmartScan feature, which auto-populates details from receipts, often receives negative feedback for being slow and inaccurate. Users may need to manually enter additional details such as category, description, tax, and tags.Lack of Advanced Capabilities
Expensify may lack some of the advanced functions and complexity that larger enterprises need, such as native PO support, multi-subsidiary support, and advanced request and approval workflows.Scalability Limitations
Although Expensify is scalable and suitable for organizations of various sizes, it may not offer the same level of complexity and advanced functions as more enterprise-focused solutions like SAP Concur. Expensify - Comparison with Competitors
Evaluating Expensify as an Expense Management Tool
When considering Expensify as an expense management tool, it’s important to evaluate its features and how it stacks up against its competitors. Here are some key points and alternatives to help you make an informed decision.
Expensify Key Features
- Expensify is known for its user-friendly interface, making it easy to track expenses, especially for small to mid-sized businesses.
- It offers features like SmartScan for receipt tracking, automatic credit card import, and next-day reimbursement.
- Expensify integrates well with major accounting systems such as QuickBooks, Xero, and NetSuite.
Unique Features and Limitations
- Expensify is praised for its simplicity and quick setup, but some users find its reporting and book-closing capabilities lacking. Additionally, some users question whether its features justify the cost.
- Expensify’s support is free, and it has a simpler pricing model based on monthly user fees, unlike some competitors that charge based on expense report volume.
Alternatives and Competitors
Ramp
- Ramp stands out as an all-in-one finance operations platform that includes expense management, travel booking, accounts payable (AP) automation, and procurement software.
- It offers real-time visibility into corporate spending, custom spend limits, and automated bill routing. Ramp also integrates well with popular accounting software and has a highly rated mobile app.
- Ramp is particularly strong in consolidating all finance data and workflows into a single platform, making it a comprehensive solution for businesses looking to streamline their financial operations.
Brex
- Brex is another strong alternative that provides corporate cards, expense management, reimbursements, travel booking, and automated bill pay.
- Brex is notable for its AI-powered expense automation, which auto-generates receipts and fills in key details, reducing manual work and potential errors. It also offers high-limit corporate cards without personal guarantees, making it appealing to startups and growing businesses.
- Brex provides real-time spending insights and live budgets, which are beneficial for companies needing to keep a close eye on cash flow.
Navan (formerly TripActions)
- Navan combines travel booking and expense management, offering a comprehensive solution for businesses with significant travel expenses.
- It includes features like automated expense reporting and reimbursement, making it a good choice for companies that need to manage both travel and general expenses efficiently.
Emburse Professional (formerly Emburse Certify)
- Emburse Professional offers advanced expense management features, including automated expense reporting and reimbursement.
- It is known for its strong compliance and policy enforcement capabilities, making it a good fit for larger or more regulated businesses.
Rippling
- Rippling provides a holistic approach to spend management by consolidating expense reimbursements, bill pay, corporate cards, and HR functions into one platform.
- It offers granular spend controls based on employee attributes and automatic stoppage of out-of-policy transactions. Rippling also integrates well with common accounting systems and provides deep insights into company-wide spend without requiring any coding.
Choosing the Right Alternative
Each of these alternatives has unique strengths that may better align with your business needs than Expensify. Here are some key considerations:
- Scalability: If your business is growing and needs a scalable solution, Brex or Ramp might be more suitable due to their advanced automation and real-time insights.
- Comprehensive Finance Management: For businesses looking to consolidate multiple financial functions into one platform, Ramp or Rippling could be the better choice.
- Travel Management: If travel expenses are a significant part of your business, Navan or Brex might offer the necessary travel booking and management features.
Ultimately, the best alternative to Expensify will depend on the specific needs and size of your business, as well as the features that are most critical to your financial operations.
Expensify - Frequently Asked Questions
Frequently Asked Questions about Expensify
What are the main features of Expensify?
Expensify offers several key features that streamline expense management. These include Receipt Capture, where employees can scan receipts using their smartphone cameras, and the smart scanning technology extracts key details like date, amount, and merchant name. Other features include Expense Tracking, which logs and tracks expenses in real-time across multiple currencies; Reporting Automation, which compiles expenses into reports for manager approval and reimbursement; and Integration with major accounting platforms like QuickBooks, Xero, and NetSuite.How does Expensify’s smart scanning technology work?
Expensify’s SmartScan technology allows users to photograph receipts using their smartphone cameras. The platform then automatically scans and extracts key details such as the date, amount, and merchant name from the receipts. This information is used to populate expense reports, eliminating the need for manual data entry and reducing the risk of errors.What are the different pricing plans for Expensify?
Expensify offers several pricing plans. The Free Plan is available with limited features, such as up to 25 SmartScans per month. The Collect Plan costs $5 per user per month, and the Control Plan costs $9 per user per month. There are also pay-per-use rates available if you don’t want to commit to an annual plan, with different rates depending on whether you use the Expensify credit card.How does Expensify integrate with accounting software?
Expensify seamlessly integrates with popular accounting software such as QuickBooks, Xero, NetSuite, Sage Intacct, and Bill.com. This integration allows users to sync their expense data directly with their accounting systems, streamlining the financial management process and ensuring accurate financial reporting.What are the benefits of using Expensify for expense management?
Using Expensify offers several benefits, including Time Savings by automating repetitive tasks like receipt scanning and expense categorization. It also improves Accuracy by reducing manual data entry errors and ensures Cost Efficiency by eliminating the need for expensive hardware or software installations and reducing manual labor.Can Expensify handle multi-currency transactions?
Yes, Expensify supports multi-currency transactions. The platform automatically converts expenses into the user’s preferred currency, ensuring accurate reporting and compliance with local tax regulations. This feature is particularly beneficial for businesses with international operations.How does Expensify handle approval workflows and policy compliance?
Expensify allows for customizable approval workflows with spending rules and limits. Alerts notify managers of policy violations or when reports are pending approval. This level of oversight and control helps minimize expense fraud and keeps budgets on track. Additionally, the platform ensures every expense report is fully compliant before submission, making it easier to manage regulatory requirements and audits.Is Expensify accessible on mobile devices?
Yes, Expensify is accessible via native mobile apps for both iOS and Android devices. This allows users to capture expenses instantly using their device’s camera. Web apps are also available for those who prefer to use a desktop interface.What kind of data visualization does Expensify offer?
Expensify provides advanced data visualization tools that present complex financial data in an easy-to-understand format. Through interactive charts and graphs, users can quickly review financial insights, identify trends, and make data-driven decisions.Does Expensify offer a free trial?
Yes, Expensify offers a free trial. Additionally, there is a free plan available with limited features, such as up to 25 SmartScans per month.How does Expensify ensure compliance and audit readiness?
Expensify ensures compliance and audit readiness by digitally archiving all receipts and documentation with audit trails showing the complete life cycle of each expense. This makes it fast and easy to pull necessary reporting for both internal and external audits, reducing compliance risk and the effort associated with audits.