Six Major Global Expense and AP Automation Brands Become One; Emburse Appoints Eric Friedrichsen as CEO

Accelerated innovation across tailored solutions to benefit over 4.5 million business travelers across 120 countries

Los Angeles and Portland, ME — JAN. 16, 2020: Six leading expense and AP automation companies have come together to form Emburse, a single unified entity, naming industry veteran Eric Friedrichsen as chief executive officer.

Emburse brings together Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie, which offer tailored, highly-configurable solutions for organizations ranging from start-ups to global enterprises. The company employs 750 people worldwide, serving more than 4.5 million users at 14,000 customers in 120 countries.

“We are so much stronger as one company,” said Eric Friedrichsen, CEO of Emburse. “With significant scale and disruptive technology, we’re redefining how organizations view travel and expense management and AP automation. We will continue to actively support and will increase our rate of innovation on each of our six core expense solutions which are uniquely tailored for specific industries, company sizes, and geographies. Coming together, we are now also able to share key technologies – such as real-time expenses, sophisticated data capture and extraction, and deep integrations with corporate cards — across the different solutions. No one else in the industry has the ability to innovate as fast with such a customer-centric approach.”

He continued, “Emburse’s vision is to humanize work and automate everywhere we can, using technologies such as machine learning. This will enable organizations to make faster, smarter decisions, empower business travelers to recapture lost nights and weekends spent doing tedious expense management, and help make our users’ lives — and their businesses — better.”

Eric has spent nearly 30 years driving growth for some of the world’s largest software companies. Prior to Emburse, Eric was global head of commercial, SMB and growth markets for Marketo, a division of Adobe. Before Marketo, he was SVP and general manager for SAP’s North American mid-market and ecosystems division. Previously, he spent eight years in leadership positions at SAP Concur, in addition to roles at Business Objects and Information Builders.

“I am extremely excited to work arm-in-arm with Nord Samuelson, who has been president of the organization since May 2019, and has a deep track record of operational excellence across multiple high-growth technology organizations. Nord and the executive leadership team are some of the best in the industry and I am honored to work with them,” Friedrichsen concluded.

For more details on Emburse and its solutions, visit www.emburse.com.

About Emburse
Emburse humanizes work by empowering business travelers, finance professionals and CFOs to eliminate manual, time-consuming tasks so they can focus on what matters most.

Emburse brings together some of the world’s most powerful and trusted expense and AP automation brands, including Abacus, Captio, Certify, Chrome River, Nexonia and Tallie. The company’s innovative solutions, which are uniquely tailored for specific industries, company sizes, and geographies, are trusted by more than 4.5 million users in more than 120 countries. Over 14,000 customers, from start-ups to global enterprises, including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota rely on Emburse to to make faster, smarter decisions, empower business travelers to recapture lost nights and weekends spent doing tedious expense management, and help make users’ lives — and their businesses — better.

For more information on Emburse, visit emburse.com, call 877-EMBURSE, or follow the organization’s social channels at @emburse.

Welcome to Emburse!

Today, I’m excited to announce the launch of Emburse, a new global company which incorporates Tallie, as well as its sister solutions – Abacus, Captio, Certify, Chrome River and Nexonia.

I’m incredibly excited about this launch, and to step into the role of CEO of this amazing company. I’m honored to join our global team of passionate employees. Across our various businesses, we have some of the most talented individuals and leaders in the industry. As a unified team we are harnessing our collective strengths to deliver great outcomes for our employees, customers, and shareholders. 

Claire Milligan remains the Tallie General Manager, in charge of the day to day operations of the business. In that respect, it will be business as usual, with no disruptions. However, I’m excited about the improvements that people are already starting to see. We’re massively investing in innovation across all six solutions, and by leveraging technologies from across each solution, we can bring new products and solutions to market sooner.

As part of the Emburse family, Tallie has already been able to debut premium services and support at the end of 2019 – offering rapid response turnarounds as a subscription service. Additionally, we plan to offer enhancements to receipt processing, credit card aggregation and machine learning functions as we bring together the best capabilities from each of our brands in service of our collaborative success.

We will continue to actively support and will increase our rate of innovation on each of our six core expense solutions which are uniquely tailored for specific industries, company sizes, and geographies. Coming together, we are now also able to share key technologies – such as real-time expenses, sophisticated data capture and extraction, and deep integrations with corporate cards – across the different solutions. 

Today, more than 4.5 million business travelers, finance professionals and CFOs at over 14,000 organizations in 120 countries trust Emburse’s solutions to automate manual processes, ensure compliance and deliver deep spend insight to make smarter, more informed decisions. At Emburse, our goal is to help companies simplify and eliminate the complexity of travel, expense and invoice management so employees can focus on what matters most to them, and not the pain of time-consuming and tedious systems. We will help companies humanize work, by providing simple, intuitive and user-friendly solutions for employees, so they can save valuable time and money.

Some of you may know that the name “Emburse” isn’t entirely new. In fact, it was initially a company that provided organizations with smart, policy-based physical and virtual payment cards, which we acquired last year. When we were considering names for this new combined organization, we realized that we already have an absolutely fantastic name which works so well with all of our solutions. So it made sense for us to use this name for the entire portfolio. 

The “original” Emburse remains. Customers and card holders can continue to issue and use Emburse cards just like before. In fact, even more organizations will be able to benefit from these cards, as we integrate the capabilities across our entire portfolio of solutions. 

Last, a bit about me. I have nearly 30 years of leadership experience at some of the largest, most trusted and most well-known business software providers, including SAP, Concur, Marketo, Business Objects, and Information Builders. I live in Denver with my wife and three very active young children, who keep us very busy with their school and sporting endeavors. 

I’m thrilled to be joining a worldwide team of 750 people, working along an exceedingly talented leadership team. I’m particularly excited to work hand-in-hand in this endeavor with our president, Nord Samuelson. He has already done a fantastic job improving our operations and bringing the organizations together as one company with a singular vision to humanize work.

I hope that you share my excitement for the future. There is so much potential in this industry, and I think we’ve barely scratched the surface for what we can achieve. I hope that you will join us on this exciting ride.

Key Findings of the 2019 T&E Management Trends Report

Amid all the innovations of 2019—from self-driving suitcases to flying taxis—a remarkable number of organizations today continue to use analog processes to manage travel and expense.

Almost half of the nearly 600 professionals we surveyed for the 2019 Travel and Expense Management Trends Report say their organization continues to rely on either spreadsheets, pen and paper, or homegrown systems to manage this notoriously difficult-to-control business operating cost.

This year’s report, the seventh of its kind, paints a picture of the sheer range of companies, of all sizes, that still haven’t modernized their T&E processes to fit the smartphone era. Here are some of this year’s key findings:

  1. Technological immaturity remains a barrier to effective T&E management
    The market for dedicated expense management software is rapidly growing. IDC expects the worldwide T&E management software market to reach $2.7 billion by 2022 and have a compound annual growth rate of 8.7%. Yet technological immaturity emerges as a key trend for many companies:
    • Forty-three percent (43%) of organizations surveyed are still managing expense reporting manually.
    • Forty-four percent (44%) of companies that are not intending to invest in a dedicated T&E management solution in the coming year identify the primary reason as: “our current processes work well enough.” Yet among companies that have invested in, or are planning to invest in, technology to facilitate improved T&E management, 82% identified the primary motivator as “simplifying the expense reporting process for employees.”

  2. Organizations don’t fully understand the challenges they face in manual T&E reporting
    Data from our 2019 survey suggest that many companies do not realize—or fail to fully appreciate—the inherent complexity of T&E as a business operating cost.  
    • More than half of organizations (53%) report that the biggest pain point related to expense management is “employees losing paper receipts/submitting without receipts”. Yet most automated expense management systems make it effortless for travelers to scan and submit a receipt the second they make a purchase.
    • Nearly half of organizations (46%) do not track the cost to process expense reports.
    • It takes 43% of organizations eight days or more for an expense report to be submitted, approved, and reimbursed. Only 22% companies can do it in one-to-three days.
    • Only 27% of organizations have a system that automatically flags out-of-policy expenses.

  3. Visibility is a key pain point
    Finance teams can’t effectively manage what they can’t see—and an overall lack of visibility emerged as the chief pain point for organizations who haven’t yet modernized T&E processes in 2019.
    • Nearly half (46%) of organizations report less than a 75% rate of compliance with their T&E policy, while 26% of enterprise-sized companies report they do not know what percentage of submitted expenses are T&E policy compliant.
    • Only 27% of organizations have a system that automatically flags out-of-policy expenses.
    • Thirteen percent (13%) of organizations do not have spending policy category limits in place.

  4. The positive ROI of automation
    Deploying a dedicated expense management technology solution is proving itself to be an investment that can deliver a rapid return on investment (ROI) to companies of all sizes.


Of the organizations surveyed that have invested in such a solution, 57% achieved an ROI for that investment in one year or less, and almost 70% achieved an ROI in two years or less. 

Organizations view the value offered by dedicated expense management systems through the lens of two key elements: ease of use, driven by mobile functionality. This includes features like mobile receipt capture, direct deposit via ACH, mobile report creation and approval, and automated expense report building.

Whether you’re a pioneering CFO at the vanguard of innovation, or an overwhelmed controller holding on to age-old processes, this year’s report offers valuable insight into how organizations are either transforming, or avoiding, this key business function.

Download your copy of the 2019 Travel and Expense Management Trends Report here.
Or grab the infographic if you want to see the latest trends in a more visual format.

Certify, Inc./Chrome River Acquire Emburse to Revolutionize Expense and Card Solutions

Commercial card provider becomes part of a global spend management portfolio including Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie, to expand spend controls to the pre-purchase experience

PORTLAND, MAINE and LOS ANGELES, JULY 29, 2019: Certify, Inc./Chrome River, the largest independent portfolio of travel, expense and payment solutions, announces the acquisition of Emburse, a leading startup provider of virtual and physical cards for business expenses and vendor payments.

San Francisco-based Emburse offers a range of corporate card solutions that allow organizations to easily enforce travel and expense policies, while providing employees and job candidates a simple way to make purchases. These solutions, ranging from traditional plastic cards to virtual cards delivered via texts or digital wallets, give businesses deeper, real-time insight and control over corporate expenses, by allowing administrators to set granular spending parameters. Emburse has processed hundreds of millions of dollars of company spend over tens of thousands of credit cards, while doubling revenue every year.

“Joining such a prestigious portfolio of travel, expense and invoice management brands will greatly accelerate our ability to expand Emburse’s reach,” said Peter Lai, CEO at Emburse. “We share a common goal in helping organizations control employee spending and reduce expense fraud, all while providing a user-friendly and flexible solution to both frequent and infrequent card users.”

Emburse is being added to the leading portfolio of global spend management brands, which includes Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. Emburse will initially be integrated into the Abacus expense management platform, further strengthening Abacus’ capabilities in supporting real time expense reporting.

“Adding Emburse to Abacus will enable the next major step in real time expense reporting innovation by providing policy insight in advance of the purchase,” said Omar Qari, co-founder and general manager of Abacus. “This exciting new capability will continue to reduce customer liability, while improving the overall employee and interview candidate experience.”

“The acquisition of Emburse demonstrates our continued commitment to bringing valuable innovation that benefits our customers, their employees, and prospective employees, across our brands.” said Nord Samuelson, president of Certify, Inc./Chrome River.

About Emburse
Emburse alleviates major pain points experienced in all businesses by providing virtual and physical credit cards with built in spend enforcement and expense reconciliation, vastly reducing the hours required from both employees and finance departments. Cards can be restricted based on set budgets, merchant categories or individual merchant IDs, and even specific hours of the day. Major use cases include cards for corporate spending, travel, vendor payments, perk cards, and more. All services are also available via an API. Please visit www.emburse.com for more information.

About Certify, Inc./Chrome River
Certify, Inc./Chrome River is the world’s largest independent provider of travel, expense and payment solutions. The portfolio includes leading SaaS platforms Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. With innovative spend management applications such as real time expense reporting, integrated travel booking, time tracking, and accounts payable automation, the company has transformed how more than 11,000 organizations manage corporate spend. The company’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers.

Customers include Anthem, Grant Thornton, Garmin, Mailchimp, Pinterest, Red Bull, Shopify, Subway, SurveyMonkey, Toyota, and Virgin Galactic.

For more information, please visit: www.abacus.com, www.certify.com, www.captio.com, www.chromeriver.com, www.nexonia.com, www.tallie.com

New Tier-Based Pricing Takes Effect August 1st, 2019: Making Our Pricing As Straightforward As Our Product

Hello! 

In case we haven’t met, my name is Claire Milligan and I serve as the General Manager of Tallie and Co-Chief Product Officer for the Certify/Chrome River family of brands. I started at the company in 2012, prior to the public launch of Tallie, and was part of the team that conceived of our active user pricing model “way back when.” Since then, we’ve learned a lot and it’s time for our pricing model to catch up. Today, we introduced a new tier-based pricing model for new customers and I’d like to take a moment to explain how and why we arrived at this new structure.

The new pricing model includes three tiers of functionality, based on integration: Basic Accounting, Cash Control and Cloud ERP. Each tier comes with a set number of included users for a base price. For every active user over the included number in any given month, a customer is charged an overage in arrears. We will continue to calculate active usage in the exact same way as before, registering a user as active once an expense has been created in their account. The full pricing breakout is presented below:

Pricing Model Confusion

At Tallie, our mantra is to make our product seamless and easy-to-use for all users, but it seems our pricing structure didn’t live up to this brand promise. Our previous model of having a $50 minimum that would be removed once an active usage rate exceeded $50 was cumbersome to explain. In speaking to clients and investors, I resorted to miming a graph with one arm as a minimum and the other arm showing increasing active usage eclipsing that minimum. When you find yourself using interpretive dance, it’s a clear indicator that you have missed the mark. Plus, you should see the crazy logic that has gone into generating a Tallie invoice. We pre-bill a minimum, then refund it, or just hold on to it, all depending on how many users were active in the month and whether there was a proration involved. Not seamless. Not easy-to-understand. 

First, Analyze Impact

Knowing we wanted to simplify our pricing, we underwent extensive modeling against our current database of customers to determine how to best align price points with current scales of customers using a variety of combinations of feature sets. We were on a mission to simplify, not to ratchet up prices. We wanted to make sure there wouldn’t be a significant difference in invoice amount for a customer who bought our service a month ago as if they had bought our service today. Because the new pricing model is different, the price point for an equivalent customer is rarely identical, however. This is why we have not automatically shifted any customers to our new pricing model and have no plans to do so in the future.

Unpredictable Costs

We built Tallie to be an excellent solution for businesses that prefer a streamlined, simple workflow that does not require accounting expertise for effective, scalable use. As a result, our customers tend to be on the smaller end of size, having tens or hundreds of employees, rather than thousands. However, with only a $50 minimum, any business with greater than 5 employees did not have a way to predict the cost of using Tallie from month to month, a variation that swings more wildly as companies become larger. In fact, we noticed a trend of customers asking us for a higher monthly minimum in order to lock in a predictable invoice amount. We needed a model that would allow a client to expect a flat recurring monthly charge that might vary only occasionally with seasonality or company growth.

Value-Added Integrations

In our family of brands, Tallie is the product known for plug-and-play accounting integrations, which feature Activity-Based Sync (did you see the news that we just added NetSuite to our list!?). Our Bill.com integration can support a ‘triangle sync’ configuration that keeps QuickBooks records and Bill.com records always in sync and empowers a dynamic export configuration to both systems. Our Sage Intacct integration natively supports both shared multi-entity and distributed multi-entity environments, allowing easy attribution of expenses across entities and currencies. Our NetSuite integration is well on its way to parity with the Sage Intacct integration. We believe there is an inherent value to these integrations above and beyond our standard offerings for Xero, QuickBooks Online and QuickBooks Desktop. Additionally, the need for these higher-end integrations tends to grow with the size of customer, so the model mapped very well for our customer base.

For those of you who are already customers of Tallie, you’re welcome to opt in to the new pricing model at any time after August 1, 2019. Simply visit the Billing area of your account, within the Settings pages, to view options and convert your account. Or, stick with your current model if you prefer!

For any prospects evaluating Tallie for your own use, feel free to create a Free Trial and select the pricing plan that makes the most sense for your business when you are ready to buy (some lower-level plans may not be available, depending on the integration functionality you have activated in your trial). If your business is at an even larger scale than our current tiers, a sales expert will be happy to negotiate a custom flat rate and active user overage pricing that makes sense for you. Please keep in mind our changes will go into effect August 1, 2019.

Thank you all for many happy years together and, together with our team here at Tallie, I look forward to bringing you more simplified, innovative approaches to integrated expense software in the coming years.

Thanks,
Claire Milligan
General Manager, Tallie
Co-Chief Product Officer, Certify/Chrome River

Introducing the Oracle NetSuite Integration

If you’re a Tallie customer, you’ll know by now that integrations are one of our key strengths. Our Sage Intacct integration won a CPA Practice Advisor Tax & Accounting Technology Innovation Award. It offered leading activity-based and multi-entity integration for Sage Intacct users and accounting teams, with a wonderfully hassle-free implementation process.

That intelligence was leveraged to build the Oracle NetSuite Integration. It’s a solution for companies who are simply scaling so fast they need a reliable solution to power their growth.  

The integration allows NetSuite users to work in a bi-directional way with Tallie. It offers automatic transfers of data between both platforms with immediate syncs of new or edited data from NetSuite into Tallie. It also offers a direct export of completed expenses back into NetSuite. The bi-directional sync keeps the data up-to-date at all times, in a controlled environment.

This helps overcome a key hurdle that accounting teams often face when connecting expense management tools to their ERP. For example, if you require your users to track their expenses against data that lives in NetSuite, it can cause headaches to give users access to the controlled data in NetSuite. The integration with Tallie gives users a controlled environment in which to access the data. It’s also ideal for companies who require real-time updates to their chart of accounts and other lists multiple times a day.

Here are four key benefits to look forward to with this integration:

1. It’s plug-and-play.
This is a turnkey solution that offers integration with NetSuite’s standard lists including: employees, projects, customers, items, categories, accounts, classes, departments, and locations. Contextualized data is seamlessly exported back to NetSuite, ensuring a complete record of all expenses.

2. It has an activity-based sync.
Our integration can be configured using NetSuite “bundles,” which allows Tallie to automatically sync changed list data from NetSuite into Tallie as soon as the change occurs. This feature is ideal for companies whose data changes often. It also requires zero effort to keep your data in sync, freeing up more time in your busy day. And who doesn’t need more time in their day?

3. You can rely on comprehensive exports.
Tallie offers an easy-to-use interface to manage the integration, offering the status of your exports as well as actionable error handling if any issues arise. This means you’ll know immediately when a sync is successfully imported—or if a failure arises. This immediate feedback loop creates a seamless experience. It also gives you access to all your data history.

4. You control user access.
Integrating NetSuite directly with Tallie empowers users to leverage data from their ERP in a controlled system, with settings in place to limit their exposure to sensitive information.

Tallie was purpose-built with accountants in mind. And this newest integration is a way to give you peace of mind knowing you have absolute data integrity, and winning you extra time to focus on strategy and growth.

To learn more about the Oracle NetSuite Integration for Tallie, click here.

3 Expense Management Trends You Need to Know

Expense Management Trends Report 2018

You may be surprised to learn that 49 percent of companies still rely on a manual expense management process. This data point comes from the recently-released 2018 Expense Management Trends Report by Certify, Inc.

Since 2013, the Expense Management Trends Report has helped organizations of all sizes stay informed of industry trends and best practices from their peers across North America. Tallie is part of the Certify, Inc. Family of Brands—and this year’s report offers valuable insights into the industry.

1. Manual methods are sticking around
Enterprise companies are leading the way in adopting technology according to the report, with 39 percent of companies surveyed using a web-based expense solution, and 32 percent relying on an ERP or accounting package for expense management. These companies are seeing the value in automating timely manual processes—letting their employees focus on other value-added activities.

Surprisingly, 11 percent of enterprise companies surveyed are still using a manual process. (A manual process is defined here as any process that uses Excel spreadsheets, pen and paper, homegrown systems, or any combination thereof.) At a company of this size, the risk and lack of spend visibility would likely make a CFO’s head spin. And without having visibility into expenses, the finance team is left in the dark when strategizing for the years ahead, or negotiating better contracts with vendors today.

2. The biggest pains stay consistent
Expense management pains haven’t evolved much since Certify launched the survey in 2013. For the 2018 report, Certify collected and analyzed responses from 546 CFOs, controllers, and other finance professionals outside its customer base to offer a snapshot of the industry, and where it may be headed. With technology becoming so engrained in our lives, some readers may find it shocking that so many moments of struggle persist in the world of finance.

The biggest pain points for finance teams were losing receipts or submitting reports without a receipt, tying employees failing to submit reports on time cited by 50 percent of respondents. It’s easy to see why finance teams would be frustrated with a minor task holding up reimbursements and accurate reporting—yet this pain persists.

Time spent reconciling, reviewing, and approving reports was the second biggest pain, cited by 31 percent of respondents. With the average number of expense reports being 25-50 percent of the full-time employee workforce, manually reviewing and approving expense reports is a business activity that needs a streamlined process.

Another long-standing pressure on finance teams were errors on expense reports, with 30 percent of respondents citing this ongoing issue. Considering that employees should be submitting completed reports on-time and within policy, finance teams certainly want to spend less time “expense policing” and more time on strategy.

3. The leading pressures and top areas for improvement
Top organizational pressures on finance teams have stayed consistent with previous years. The top pressure driving organizations to improve T&E management was the need to reduce expense reporting costs cited by 27 percent of respondents. Improving the expense management process was cited by 34 percent of respondents as the most critical to improve in 2018.

Poor visibility into travel and expenses was the second biggest pressure (26 percent) driving change with finance teams across North America. Without finance teams having complete visibility into T&E spend, they can’t make informed strategic decisions that will help move the organization towards their goals. With the right integrations, an automated expense solution can provide nearly real-time expense data finance teams can budget against with confidence.

Travel booking was the third biggest area for improvement in 2018. Interestingly, according to the 2018 survey, 90 percent of companies had a travel policy in place, but only two percent of companies used technology to enforce policy—putting the company at a huge risk for overspending with manual policy checks or employee enforcement.

Having business travelers booking itineraries with any number of online services leaves a company at risk for overspending. With a travel book solution that is friendly for employees, travel managers, and everyone in between, you can provide a foundation for self-service bookings that fit within company policy and budget.

Did any of the struggles or organizational pressures sound familiar to you? How often does your team run up against some of the inefficiencies we mentioned above? If you want to make sure your team stays ahead of the pack, be sure to download our complimentary report and stay current with the T&E trends driving the industry.

How Corporate Consolidation Could Affect Business Travel

Over the past 10 years, the U.S. has witnessed a colossal consolidation of American airline companies. Nine major U.S. airlines have consolidated to a mere four. American, Delta, Southwest and United remain as the heavy hitters, controlling 80 percent of the U.S. market. The remainder of the market is made up of smaller carriers, each representing their specific niche and embracing unique strategies to target their customers. 

As airlines go through mergers, acquisitions and swallow each other up whole, consumers are often left wondering how these changes will affect their future travel plans. Unfortunately, with fewer competitors to price match, the remaining airline companies have the power to increase fares and drop unprofitable routes. For employers and business travelers, corporate consolidation could have a silver lining.

By absorbing smaller airline companies that previously dominated regional airports, the big four can add new non-stop routes to their lineup. This allows airlines to open up new destinations, reduce connecting flights and eliminate ever-dreaded layovers. Both United and American Airlines opened up ten new domestic non-stop flight routes just this year. While Southwest plans to add five additional non-stop routes to service the Midwest beginning in October of 2018. Additional non-stop flight availability saves time and produces happy road warriors. Employees report a more positive experience when they’re able to travel to their destination in one leg. Sending in happy employees can raise productivity levels and lead to a more successful business trip altogether.

Non-stop flights are also better for the environment. Takeoff and landing contributes to fifty percent of carbon emissions emitted during flight travel. Taking a non-stop route instead of a connecting flight can cut a traveler’s carbon flight-footprint in half. While employers may fear an increasing spike in price fares from airlines, the overall market price alteration is closer to 1 percent.

Marginal price changes and additional non-stop routes make it easy for employers to see the bright side of business travel.

 

To see how an advanced expense reporting solution could benefit your traveling employees, request a demo of Tallie.

 

 

 

Essential Expense Features for Nonprofit Organizations

In the nonprofit world, every dollar counts. Many local and global nonprofit groups struggle to organize expenses. Expense report software can serve as a vital tool to save nonprofit organizations valuable time and money while providing full clarity of their operational spending. We’ve rounded up six essential features that provide nonprofit groups with the necessary elements to optimize their outreach. 

Mobility

Expense report software equipped with mobile capabilities, such as a smartphone app, gives organization employees and volunteers the flexibility to submit expenses in the field and on the go, anywhere in the world. This accessibility increases user compliance and helps organizations reduce operating costs.

Multi-currency

Currency conversion is as a crucial tool for global nonprofit groups. Programs that encompass a spectrum of global currencies take the burden of currency conversion off of the user. This allows volunteers to quickly capture accurate expenses, no matter where they are in the world.

Mileage Tracking

Mileage tracking allows volunteers to track their movement at the touch of a button. Standard IRS reimbursement rates can be applied to record an accurate reimbursement amount in half the time. 

Seamless Integration

Volunteers often pay out of pocket for the bulk of their expenses. As a result, the reimbursement process is vital to the longevity of an operation. Direct accounting software integration allows administrators to approve and export data instantaneously, ensuring nothing slows down your team. 

Accessible Analytics

Nonprofits are annually rated on how they spend their funding. Organizational expenses are broken into three categories:

  • Program Expenses: Expenses that are necessary to complete a nonprofit’s task at hand (for example, pencils and papers needed for a classroom).
  • Administrative Expenses: Expenses related to managing the nonprofit (for example, accounting and legal fees).
  • Fundraising Expenses: Any expenses that contribute to fundraising.

Nonprofit groups receive a higher rating if they put more of their budget towards Program Expenses. Expense report software with built-in reporting facilitates a simple way for organizations to audit their spending behavior in each category.

Activity-Based Pricing

Every dollar of funding counts. Software with activity-based pricing allows nonprofit groups with seasonal volunteers to save immense time and money. With activity-based pricing, organizations are only charged for users who submit expenses on a monthly basis. This relieves organizations from having to regulate active and dormant volunteers.

To see how an advanced expense reporting solution could benefit your organization, request a demo of Tallie.

Live Training Registration

We offer free weekly trainings to help ensure you get the most out of our expense reporting software.

Our  webinars provide free training for employees, managers, and accountants and are typically 30 to 45 minutes in length. Each webinar is filled with information ranging from product guidance to live Q&A with Tallie Product Experts.

Register for a free training below!

Tallie User Training

 

Configuring Tallie Settings 

  • Bi-weekly
  • Walk through how to create custom policies and approval levels within Tallie. Also see how Tallie streamlines your expense reporting workflow with multi-point data export and real time integration.
  • Live Q&A
  • April 2018 Registration: Configuring Tallie Settings
  • Please Note: Beginning April 5th, this training will feature additional content including Corporate Credit Card Transaction Management and Accountant Training
  •  

    If you have any questions about Tallie’s expense solution software between now and your chosen training webinar, please don’t hesitate to visit our support website at  http://support.usetallie.com/. You can also contact our Product Expert Team directly at support@usetallie.com or 888-874-1118 Ext 2. We hope to see you there!