One of the great things about working at SPENT is being part of a team that’s hardwired to innovate. We’re always looking for new ways to provide added value to freelancers and business owners. Take expense reimbursement for example. Typically, an employee submits a report, then waits, and waits, and yes waits until next payroll for that money to flow back into their account. Well, we have a fix for this outdated practice which is simple and hugely beneficial. Now an employee can submit expenses and get reimbursed in time to buy the next round of drinks. Okay, maybe not quite that fast.
SPENT has just unveiled the latest tool in our expense management toolbox: Built-in reimbursement. As part of our brand new subscription-based platform called PRO, companies that set up business accounts and invite employees to submit expenses can now facilitate repayments automatically through QuickBooks.
“Our product is amazingly intuitive,” says CEO Erno Tauriainen. “Built in-reimbursement is just the latest feature to streamline processes for businesses, delivering what our users want, quicker payment. Repayment occurs with the click of a button, saving time for both approver and employee.”
Cash back continues to be another value add for the SPENT user. Employees earn money whenever they use their linked card for travel and entertainment expenses. Along with built-in reimbursement, it’s another example of how we continue to disrupt the expense management space.
Other buzz-worthy features include:
QuickBooks Online integration, where users can seamlessly merge their SPENT transactions with their QuickBooks Online account(s), saving loads of time and a whole lot of hassle.
Receipt Capture, where users snap photos of receipts that are automatically matched up to existing expenses, and
SPENT Analytics, enabling users to get a handle on expenditures through graphs and reports that show spending patterns.
Finally, we’ve partnered with smaller financial institutions that will market SPENT to their customers, giving these businesses a potential leg up in a crowded space. “Smaller banks and credit unions don’t have the resources to build a product like ours,” says Erno. “We’re offering an innovative solution and creating new ways to grow their businesses.”
So we continue to innovate and create the best experience for our many users. It’s what drives us every day and gets us pumped to come up with cutting-edge solutions.