B2B Payments

Revel Brings Expense Reporting Straight To The POS

Shutterstock

Revel Systems wants to lessen the gap between a purchase and its appearance on a corporate expense sheet and has inked a partnership to do so.

An announcement on Tuesday (May 24) said Revel is working with Expensify to connect its mobile point-of-sale solution into Expensify’s expense report creation and management tool. The move marks the first-ever POS company to integrate with Expensify, Revel said.

Corporate travelers that make purchases using a Revel POS can see their expenses automatically transferred into the Expensify platform, the companies said, by sending receipts into Expensify.

“This integration came about because we wanted to partner with a point-of-sale platform that is transforming the way people operate their business,” said Expensify Founder and CEO David Barrett in a statement. “Through Revel’s open API, we were able to easily integrate with the system, making it the best and most natural choice for our first integration.”

Data about purchases made on one of Revel’s mobile POS tools for the iPad are automatically sent after the sale — including merchant name, date and receipt amount — into Expensify via SmartScan and OCR technology. They are, then, automatically categorized when purchases are made with a debit or credit card, the companies added.

Revel said that 13 of its merchant customers have turned on the integration so far.

The collaboration with Expensify follows last year’s funding for Revel, which saw a $13.5 million investment from ROTH Capital Partners.The backing was earmarked to help Revel expand geographically and to strengthen its existing services to SMEs across verticals, the firm said at the time.

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The PYMNTS Next-Gen AP Automation Tracker, is a monthly report that highlights the most recent accounts payable developments and automated solutions that are disrupting how businesses process invoices, track spending and earn rebates on transactions.

Click to comment

TRENDING RIGHT NOW

To Top