Expensify adds travel booking and management capabilities to its expense and corporate card financial management platform.
The new Expensify Travel will begin rolling out next week on Expensify’s web and mobile apps, and will then be integrated into its new chat-based super app, New Expensify, the company said in a press release on Wednesday (May 8). . A waiting list is available.
“Book your trip in minutes and we’ll take care of the rest,” Expensify CEO David Barrett said in a release. “We’ve made it easy for our members to search and book flights, hotels, cars and trains at the most affordable prices.”
Built on Spotnana’s cloud-based Travel-as-a-Service platform, Expensify Travel offers access to global travel inventory, low fares, 24/7 Expensify support, and virtual travel cards to employees, according to a release. Provides functionality for assigning to employees.
The platform also offers self-service functionality to manage flight changes, cancellations, unused ticket credits, and other travel-related tasks, the release states.
Sarosh Waghmar, Founder and CEO of Spotnana, said in a release: “Through our partnership, Expensify has built a one-stop shop for travel and expense management for our customers with a seamless user experience.”
Traditional methods of managing travel expenses are being replaced by digital solutions that reduce reimbursement times and minimize the risk of human error, says Thredd’s global chief technology officer and head of propositions and partnerships. Edwin Poot and Jonathan Vo spoke to PYMNTS. In an interview published in April.
The new Expensify Travel joins other features added to the financial management platform in recent months.
On May 1st, Expensify added expense tracking functionality for self-employed individuals to New Expensify. These features help professionals track all types of business expenses, categorize expenses, and share them with accountants for tax purposes.
In December 2023, the company added a budgeting tool that allows managers to set monthly or annual budgets for teams, departments, employees, or the entire company. The tool provides both managers and individuals with notifications about spending progress, so they are less likely to be surprised by overspending.
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