The Expensify Card's Enhanced Reporting and Control Features Allow CPAs to Provide Deeper Insights to Clients
SEATTLE (Dec. 11, 2019) – CPA.com announced today that the Expensify Card, Expensify's free corporate card for firms and companies of all sizes, has been added to its lineup of innovative solutions for CPA firms. The Expensify Card creates an uninterrupted, end-to-end receipt and expense experience for users, and CPAs can leverage its spend control features and real-time reporting to better advise clients.
"The expansion of the Expensify program to include a 'smart' business card will make expense reporting even more seamless," said Erik Asgeirsson, president and CEO of CPA.com. "Having a smart business card that automatically feeds data into the expense management and financial tracking systems creates value for firms and clients and is another good example of how pre-accounting inputs are being automated."
Features and benefits of the Expensify Card include:
- Real-time insight into client cash flow with daily settlement of all purchases
- Cards that go over their unapproved expense limits turn off to control exposure
- Automatic expense verification so approvers only review non-compliant line items
- Digital, IRS-guaranteed eReceipts for almost every purchase – no more paper receipts
- An instant notification after swipe if the cardholder needs to add expense details
- Continuous reconciliation of expenses, aided by Expensify's direct integrations with all major accounting packages
- No more waiting 30+ days for approval – once confirmed, clients can roll out virtual cards to their employees immediately
Small and medium-sized businesses have long been underserved by traditional corporate cards. Small businesses in particular often lack the credit history and growing revenue required for corporate card approval, which limits the number of options CPA firms can recommend to their clients in this sector.
"CPA.com is the leading resource for CPAs and firms of all sizes who are interested in providing business advisory services to clients and helping them adopt smart, innovative technology to transform their business," said David Barrett, founder and CEO of Expensify. "That's why we're thrilled to expand our partnership with CPA.com to not only bring Expensify to CPA firms and their clients, but now the Expensify Card as well."
CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus.
Our company's core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.
A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world's most influential organization representing the profession. For more information, visit CPA.com.
Expensify is the world's most widely used receipt tracking and expense management platform. It's won acclaim for an easy user experience and bi-directional integrations with all major accounting packages, including fellow CPA.com-endorsed solutions Bill.com and Sage Intacct. Like CPA.com, Expensify also focuses on CPA education with their CPE-accredited ExpensifyApproved! Partner Program, aimed at training CPAs on receipt and expense management best practices.