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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 accordance with the corporate. Founder and CEO Amy Spurling mentioned the goal buyer is small and midsized corporations.
“It isn’t a workforce of highway warriors however workers who have to submit a couple of issues a yr and are actually pissed off with expense administration instruments available on the market that cost per seat, per individual, per yr,” she mentioned. “We’re fixing for a really particular downside.”
Compt launched in 2018 with a concentrate on the stipend aspect and added the peer recognition characteristic a couple 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 features on a single platform with compliance options for tax and information safety functions.
Now with a footprint in all 50 U.S. states and greater than 60 nations, Compt noticed 300 p.c buyer development within the first yr of the Covid-19 pandemic and 500 p.c the second yr, Spurling mentioned. The platform at present integrates with main payroll suppliers, and Spurling mentioned journey administration integration might be coming down the highway however will not be a part of the preliminary providing.
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