Reimbursement Platform Compt Provides Expense Function

Compt, a reimbursement platform for worker stipends and rewards, is including an expense administration characteristic to its providing, the corporate introduced this week.

The expense administration characteristic, which might be accessible to prospects as of Saturday, might be built-in into Compt’s platform alongside the stipend and rewards and recognition options, so HR groups can handle all reimbursements in a single dashboard, in keeping with the corporate. Founder and CEO Amy Spurling stated the goal buyer is small and midsized firms.

“It is not a crew of highway warriors however staff who have to submit a number of issues a yr and are actually annoyed with expense administration instruments in the marketplace that cost per seat, per individual, per yr,” she stated. “We’re fixing for a really particular downside.”

Compt launched in 2018 with a give attention to the stipend facet and added the peer recognition characteristic a number of years later. The expense administration characteristic is the “final piece … grounding out the entire providing,” Spurling stated, and the corporate claims to have the one providing that mixes all features on a single platform with compliance options for tax and knowledge safety functions.

Now with a footprint in all 50 U.S. states and greater than 60 nations, Compt noticed 300 p.c buyer progress within the first yr of the Covid-19 pandemic and 500 p.c the second yr, Spurling stated. The platform at the moment integrates with main payroll suppliers, and Spurling stated journey administration integration might be coming down the highway however will not be a part of the preliminary providing.