LAS VEGAS--(BUSINESS WIRE)--Expensify, the world’s fastest-growing expense reporting software, and Bill.com, a leading business payments company, announced a new strategic partnership at AICPA ENGAGE today. To launch the partnership, the two companies released a major redesign of their integration with features that make life easier for accounting firms and small businesses alike, including document sync between Bill.com, Expensify, and ERP solutions. Both preferred solutions of CPA.com – the technology subsidiary of the American Institute of CPAs and a key driver in this partnership – Expensify and Bill.com will bring mutual customers more time savings by augmenting the revamped integration with a focus on advancing industry best practices.
"Our product has evolved a lot since we launched an initial integration with Bill.com way back in 2013, and it was time for a remodel,” says David Barrett, CEO and founder of Expensify. "The partnership is not only an opportunity to improve our integration for accounting firms and SMBs, but it’s also a chance for us to partner with both CPA.com and Bill.com to push the accounting profession in new directions by combining advanced technology with educational resources around best practices. This investment gives accountants a big advantage as they deepen their advisory role with clients.”
The revamped Expensify and Bill.com integration incorporates fellow CPA.com partner solution Intacct into its first iteration, allowing information to flow smoothly between all three systems. The seamless connection keeps clicks to a minimum by automating the proper path to payment for reimbursable expenses, and ensuring that all documentation and receipts populate in the right places along the way.
“With Bill.com, accounting firms and businesses spend 50% less time approving and paying bills – time that can be invested into more profitable and meaningful activities. The Expensify integration with Bill.com offers an elevated level of efficiency through automatic and accurate syncing. It complements our mission to drastically reduce the time spent on back office processes,” says René Lacerte, CEO and founder of Bill.com.
“CPAs and their clients want to leverage leading accounting technologies that work well together,” said Erik Asgeirsson, president and CEO of CPA.com. “Whenever possible, we look to influence our partners to prioritize improved integration. This is a great example of how we can work together with our strategic partners to drive value for the profession.”
To learn more about Expensify and Bill.com, check out use.expensify.com/bill-com.
Founded in 2008, Expensify has quickly become the innovation leader in automated receipt and expense management with an easy-to-use mobile and web app. With intelligent expense reporting processes and standout features such as SmartScan OCR technology, company card management, and integrations with all major accounting softwares, Expensify now serves over 5 million users globally. Headquartered in San Francisco, Expensify continues to expand-ify with offices from London to Melbourne, working around the clock to keep customers smiling.
Bill.com is the leading business payments network, with over 2 million members paying and getting paid over $36 billion per year in volume. Bill.com saves companies more than 50% of the time typically spent on financial back-office operations by automating end-to-end processes. Bill.com ties together finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. The company is the choice of three of the top 10 U.S. banks and over 50 percent of the top 100 accounting firms. Bill.com is a trusted partner of Intuit (makers of QuickBooks Online), Xero, and the American Institute of CPAs. The recipient of more than 43 awards, Bill.com was recently recognized as one of the San Francisco Business Times Most Innovative Companies and proudly received a PC Magazine’s Editor’s Choice Award.