Travel and expense management solutions provider Expensify wants to integrate time tracking into its offering and will be collaborating with TSheets to do so.
An announcement on Thursday (May 5) said Expensify and TSheets are teaming up in a move that sees Expensify’s expense management solution — including data capture — into the TSheets time tracking app. The initiative is part of Expensify’s broader efforts to collaborate with small business financial services companies and beyond.
“Expensify has invested a considerable amount of time ensuring that we have the best integrations with small business accounting packages, like QuickBooks and Xero,” said Expensify CEO and Founder David Barrett in a statement. “Accounting packages were the first wave of cloud integrations we focused on to help streamline the small business workflow.”
“The next wave of integrations will focus on making our customers and accountants’ lives easier by integrating with other top-tier financial services,” the executive continued.
According to the companies, they will soon launch a streamlined onboarding process for their mutual small business customers, though they did not specify when it would occur.
In another statement, TSheets CEO and Founder Matt Rissell spoke to the connection between time tracking and expense management.
“More often than not, people who need time tracking also need expense reporting,” he stated, adding that a partnership with Expensify is “an effort to close that divide.”
Integrating its expense management offering into TSheets comes three months after Expensify announced it had opened a new headquarters in London, a move that signaled revamped efforts to capture market share across Europe.