Expensify, a developer of expense reporting software, and Bill.com, a business payments company, announced a new strategic partnership at AICPA ENGAGE.
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.
