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.

——————————–

Featured PYMNTS Study:

More than 63 percent of merchant service providers (MSPs) want to overhaul their core payment processing systems so they can up their value-added services (VAS) game. It’s tough, though, since many of these systems date back to the pre-digital era. In the January 2020 Optimizing Merchant Services Playbook, PYMNTS unpacks what 200 MSPs say is key to delivering the VAS agenda that is critical to their success.

Click to comment

TRENDING RIGHT NOW