Expensify Adds Monthly Settlement Option

Expense and payment provider Expensify has added a new monthly settlement option for its card programs, the company announced. Companies now can opt to have their card purchases grouped by month, with payment withdrawn from the company’s bank accounts once per month rather than on a daily basis. The option is aimed at “companies that carefully manage cashflow and need a little extra credit to finance operations,” according to Expensify.

Michael B. Baker  www.businesstravelnews.com