What does Expensify do?

Tool: Expensify

Their Pitch

The easiest way to do your expenses.

An app that reads your receipts and handles expense reports so you don't have to type numbers into spreadsheets like it's 1995.

Deep Dive & Reality Check

+**Typing receipt details into Excel for 2 hours every week** → Snap photo, AI extracts everything, auto-submits in 30 seconds
+**Month-end reconciliation takes your finance person 10 hours of matching receipts to card charges** → Everything auto-syncs, cuts it down to 1 hour of review
+**Employees submit incomplete expense reports that get rejected 3 times** → AI catches missing info upfront, auto-approves anything under policy limits
+SmartScan reads crumpled receipts with 99% accuracy - works on faded gas station receipts that would stump a human
+Email forwarding for batch processing - send 50 receipts at once instead of scanning one by one

>Your team is drowning in receipts and someone spends 10+ hours a month playing expense report detective
>You're tired of chasing employees for missing receipts at month-end close
>Small business that needs real expense tracking but can't afford a full-time finance person

-Teams under 5 people — you'll hit the 25 scan limit in week one and pay $5/person for features you barely use
-Companies that rarely have business expenses — you're paying monthly for something you use quarterly
-Large enterprises over 500 people — you'll need custom contracts and the pricing gets messy fast

*QuickBooks (where the expense data ends up for your accountant to make sense of)
*Slack (where finance sends passive-aggressive reminders about missing receipts)
*Corporate credit cards (Expensify auto-matches transactions so you don't have to play detective)
*NetSuite or Xero (for companies that outgrew QuickBooks but still need expense sync)
*Google Sheets (where you used to do this manually before admitting you needed help)

!SmartScan fails on about 10-20% of faded receipts, so you'll still do manual entry for those crumpled gas station receipts
!The "free" tier with their card sounds great until you realize you're locked into their banking relationship
!International currency conversions can be off by 10-15%, causing reconciliation headaches for global teams

Takes receipt photos, does the math, submits the paperwork — basically turns expense reports from a 2-hour nightmare into a 5-minute phone task.