Reimbursement Platform Compt Provides Expense Characteristic

Reimbursement Platform Compt Provides Expense Characteristic

Reimbursement Platform Compt Provides Expense Characteristic

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 shall be out there to prospects as of Saturday, shall 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 response to the corporate. Founder and CEO Amy Spurling mentioned the goal buyer is small and midsized firms.

“It is not a group of highway warriors however workers who have to submit a number of issues a 12 months and are actually pissed off with expense administration instruments in the marketplace that cost per seat, per individual, per 12 months,” she mentioned. “We’re fixing for a really particular drawback.”

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 mentioned, and the corporate claims to have the one providing that mixes all capabilities 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 international locations, Compt noticed 300 p.c buyer development within the first 12 months of the Covid-19 pandemic and 500 p.c the second 12 months, Spurling mentioned. The platform at present integrates with main payroll suppliers, and Spurling mentioned journey administration integration may very well be coming down the highway however is just not a part of the preliminary providing.