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The Palo Alto, California–based travel company, TripActions Inc., was founded in May 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software). [4] In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11.
Expensify has developed a reporting expense mobile and web application that is available in the Apple and Android marketplaces. [5] [16] The app tracks and files expenses such as fuel, travel, and meals; once users photograph receipts, artificial intelligence identifies the merchant, date and amount of the transaction, then automatically categorizes and saves the expense.
Expense Management automation is the means by which an organization can significantly reduce transaction costs and improve management control when logging, calculating and processing corporate expenses. Independent research evaluating the use of automated expense management systems has confirmed that the cost of processing an expense claim is ...
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SAP Concur (formerly Concur Technologies) is an American software as a service company providing travel and expense management services to businesses. [4] Its headquarters are in Bellevue, Washington. [4] SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion. [4] The deal was completed in December 2014. [2]
Ramp is a Manhattan-based multinational financial technology company that offers corporate charge cards, expense management, and bill-payment software. [2] The company is headquartered in the Flatiron District of New York City. [3] As of late 2023, Ramp was projected to process over US$13 billion in payments annually. [4]
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