Expensify, a San Francisco, California-based expense management platform, as per recent reports last week, has announced its collaboration with Grab, a ride-sharing startup that has an active operational base in Southeast Asia, in its bid to automate the expense tracking process and reimburse the ridesharing for Grab users.
Expensify users, who live in or travel to Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia, on linking their Expensify account to their Grab business profiles, can automatically create and submit expense reports for their Grab rides.
Thus Expensify users, after successfully completing a booked Grab ride, will automatically receive the trip receipt into their Expensify account.
The move by Expensify to opt to integrate with Grab is backed by growth figures, reports are that the receipt volume for the ridesharing platform Grab, grew by 200% in 2018.
“Business travel has become one of Grab’s priority segments, with more users discovering and using Grab Business Profiles every day,” states Shawn Heng, regional head of business development and Grab for Business. “Partnering with Expensify, a great app for anyone who needs to keep track of receipts and expenses, is an exciting next step to make business travel even smoother for all of Grab’s customers.”
Grab is not the first integration Expensify has tied up with, the California-based Expensify has earlier integrated with Uber in 2016 and with Lyft in 2017. However, this deal with Grab is Expensify’s first partnership in the Southeast Asia region.