Expense reporting as easy to use as your calendar
Business Model: SAAS
Revenue: $0
Employees: 1-10
Address:
City: Menlo Park
State: California
Zip:
Country: United States
TODAYS BUSINESS PAINS (1) Employees waist extraordinary amounts of time on preparing company expense reports; (2) companies lose 5-7% due to increased travel &a; entertainment (T&a;E) costs due to fraud; (3) 25% of expense reports contain errors; (4) companies spend 1,000’s of hours each year correcting report errors; at a cost of $52 to correct each report; (5) Fifty percent (50%) of US mid &a; larger companies currently process expense reporting manually, and will require an efficient solution to manage this large expanding process; (6) T&a;E expense is the 2nd largest corporate expense right after salaries &a; benefits, therefore it requires proactive management. SOLUTION Simplifier’s SAAS expense reporting reduces company operating costs up to 75%. They improve compliance while lowering T&a;E fraud occurrences. Their unique calendar based UI design simplifies data entry for all &a; substantially improves data quality &a; manager review efforts. Their distinctive built in tools allow companies to further centralize this detailed accounting process, further lowering costs, while improving data accuracy &a; employee communications.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2015 | Seed Round | $110k | 11/2015 | Non Equity Assistance | 1 | - |
Envestnet Yodlee Incubator Envestnet Yodlee Incubator |
11/2015 | Non Equity Assistance | 1 | - |
Envestnet Yodlee Incubator Envestnet Yodlee Incubator |
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