Expensify Launches Consolidated Travel Billing to Simplify How Companies Pay for Business Travel

SAN FRANCISCO--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today announced consolidated travel billing, a new payment option for Expensify Travel that enables businesses to centrally manage travel spend without issuing corporate cards to every traveler or relying on employee reimbursements.

"Central billing cards have long been the default solution for companies that don't want to distribute corporate cards to employees, but they often introduce new challenges around reconciliation, visibility, and administration," said Ryan Schaffer, CFO of Expensify. "With consolidated travel billing, we've reimagined central billing for modern travel programs, giving companies the convenience of centralized payment with a much simpler management experience. For travel managers, it's a better way to pay for business travel."

Key benefits of consolidated travel billing include:

• One clean monthly bill for all travel spend
• Centralized travel billing without issuing corporate cards to every traveler
• No out-of-pocket employee expenses or reimbursement delays
• Consolidated visibility into travel spend across the organization
• Flexible settlement options tied to a designated business bank account
• Detailed travel statements with trip, traveler, merchant, and booking information
• Accounting integrations that simplify reconciliation and reporting
• Automated credit card authorization form handling for hotels

With consolidated travel billing enabled, employees can continue booking through Expensify Travel while charges are automatically routed to the company's centralized billing program. Finance teams gain access to a dedicated dashboard with visibility into spend, available credit, settlement settings, and downloadable statements.

The launch expands Expensify's travel platform, which combines travel booking, expense management, and corporate spend controls in a single experience.

Consolidated travel billing is initially available to U.S. customers on Expensify Travel.

Learn more about Expensify Travel at use.expensify.com/travel.

About Expensify

Expensify is the easiest way to do your expenses, travel, and corporate cards. Built for businesses of all sizes and trusted by 15 million members worldwide, Expensify is a top-rated app across G2, TrustRadius, Capterra, and more. Learn more at expensify.com.