Explore insightful articles, tips, and industry-leading finance news. Take a deep dive into what we do best — expense management, financial processes, spend optimization, and much more.
When diving into the world of business finance and operational efficiency, two terms often emerge front and center: expense management and spend management. Though they might sound similar, and are sometimes used interchangeably, they each play unique roles in shaping a company's financial strategy.
Opportunity cost helps in making informed decisions that can maximize profit and efficiency. In this blog post, we will break down the opportunity cost formula, explain its components, and provide practical examples of its application in business.
Though it seems to be firmly behind us, I wanted to quickly take a moment to apologize for some performance and reliability issues we had a couple weeks back. We understand how critical our service is to your daily operations, and we're deeply sorry for any inconvenience this may have caused. In the spirit of transparency, here are comprehensive details on what happened, how it was fixed, and how we will ensure better reliability going forward.
Expensify Admins can now issue unlimited virtual cards to anyone in their workspace. By assigning custom limits to virtual cards, managing spend on subscriptions, trips, and one-time purchases has never been easier. Take a look at the incredible benefits and setup virtual cards in minutes.
Discover the future of expense management with Expensify's latest innovation – unlimited virtual corporate cards. Exercise precise control over spending with fixed or monthly limits, personalized card names, and easy employee assignments.
With Uber’s auto-expense feature, business travel becomes a whole lot smoother. We combine the convenience of Uber with the efficiency of Expensify to create a seamless integration that changes the game for expense submissions. Now, you can leave manual entries in the dust and capture ride receipts without lifting a finger.
Like planting a tree, the best time to start expense tracking was last year – and the second best time is right now! Learn how New Expensify makes it super easy (and free) for you to scan receipts, record expenses, and log mileage so you can maximize your deductions when tax time rolls around.
When managing a small business, ensuring a healthy cash flow is crucial for day-to-day operations and long-term growth. Alternative financing can be a valuable lifeline, offering options beyond traditional bank loans or credit lines that can significantly improve cash flow. This post explores various alternative financing solutions that can help you maintain financial flexibility and support your business's growth, allowing you to navigate through economic challenges more effectively.
In today's fast-paced business world, small businesses are continually seeking ways to enhance efficiency and stay competitive. Scratch that, automation is needed to stay alive these days. The first and foremost important piece lies in embracing automation, especially in crucial areas such as expense reporting, accounting, and back office work.
We used outsourced accountants for the first 12 years of Expensify’s life (from $0 in revenue to over $100mm). To this day, we still outsource certain aspects of our accounting when we need expertise we may not have on staff. Let’s explore how small businesses can benefit significantly from outsourcing their accounting functions, focusing on why the beginning of 2024 is an opportune time to start this journey.
