Credit Card Import
Credit Card Import
Minimize manual work with credit card import
Companies of all sizes use Expensify to manage their finances, so it's our job to show you all the numbers that make up the bigger picture. One critical piece of the puzzle? Credit card transactions.
If adding credit card import to your spend management platform is new to you, read on to learn how importing your credit cards can help your business gain financial clarity and reduce management overhead.
What is credit card import?
Credit card import is the process of bringing credit card transaction data into a digital tool, such as a financial management platform, budgeting app, or accounting system. Software like Expensify make the process even easier by automatically importing all card expenses -- personal or corporate, credit or debit -- as long as you connect your bank account. By importing your credit card expenses, you can save hours of time each month on organizing and submitting your expenses for manager (or accountant) review.
Credit card import is incredibly easy to set up in Expensify. To import your credit card, navigate to Settings > Account > Credit Card Import and click Import Card/Bank to get started.
With Expensify, you can import your preferred personal, debit, and company cards without needing to switch card programs.
Why should I import my credit card feeds into Expensify?
Importing your personal or corporate credit card feeds into Expensify will reduce the amount of time spent double checking and verifying your business expenses. As an admin or accountant, encouraging employees to link any card they use for business expenses to their Expensify account has a multitude of benefits, including:
Automatic verification of any business expense employees incur, ensuring accuracy and legitimacy
Encouraging employees to code expenses correctly based on rules set by the accounting department
Speeding up the review, reconciliation, and reimbursement (if applicable) workflow for admins on the backend
Which banks does Expensify have a direct commercial card feed connection with?
Expensify has direct commercial feed connections with Visa, Mastercard, and American Express.
Does Expensify recommend a specific company card program?
Because requirements vary depending on your company’s needs, the best credit card for work expenses is often different across the board.
If your business already has a preferred company credit card program in place, that’s great! Expensify is card-agnostic, meaning that you can easily import any major card provider – whether it’s Chase, Bank of America, Wells Fargo, Citibank, American Express, Capital One, etc. – directly into our app. If you don’t have a card program yet, then check out the Expensify Visa® Commercial Card to further reduce any manual import friction.
In addition to credit card import, you’ll love these additional features that will help save time and ease worries with it comes to your company spend:
Robust filters and analytics
Quickly sort your credit card expenses by merchant, date range, approval status, and more. That data feeds aggregates into useful insights for managing with company spend.
Cloud-based storage
Whether you prefer the web or mobile app, easily access all of your spend data directly through Expensify's cloud-based storage system so you never lose an expense again.
Seamless integrations
Import your financial data and save time by linking your Expensify account to your favorite HR, travel, and accounting tools.
Robust bank-level security
Expensify protects your information with top-tier security standards such as GDPR and PCI DSS, encryption, passwordless accounts, state-of-the-art data centers, and more.
FAQ
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The Expensify credit card import feature allows you to import personal, debit, and corporate credit cards into your Expensify account. We recommend importing any card you use for your business expenses.
If you use the Expensify Card, there’s no need to import your card feeds as your card automatically connects to your Expensify account.
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If employees are uploading receipts into Expensify via SmartScan, email forwarding, or a receipt integration, importing their credit cards ensures an extra level of verification for any associated physical receipt. Expensify merges those transactions automatically for the user in order to minimize manual error.
By not importing credit card expenses directly into Expensify, an admin’s workflow may end up looking something like this:
Download statement at the end of the month.
Filter and prepare it in Excel (or somewhere else) before sending it to employees.
Employees code their expenses and add receipts manually.
Get that data back and prep it for import into your accounting system.
All of this is very clunky. With the Expensify credit card import feature, your card transactions will automatically appear in users’ accounts so everything flows in realtime instead of lumping into a big batch at the end of the month. With additional features like auto-categorization, expense rules, expense limits, and more, admins can reduce as much as 50% of employee time spent on expense management.
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If you represent a bank, you can apply to become an ExpensifyApproved! Bank partner, which will help you provide a secure, reliable connection to Expensify. Learn more about how to become an Approved! Bank partner here.
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