Spend Trends examines company spending behaviors and provides
insight into today’s most popular, fastest-growing, and up-and-coming
business expense trends.
SAN FRANCISCO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/ExpenseReportsThatDontSuck?src=hash” target=”_blank”gt;#ExpenseReportsThatDontSucklt;/agt;–Expensify published its Spend
Trends analysis today to explore how business expense trends are
shifting over time. The report shares insights on topics ranging from
the most popular business expenses such as rideshare apps, to
lesser-known spending patterns in advertising, software, printing,
bikeshares, and food delivery.
The analysis begins with the most popular business expenses – rideshares
– which Uber and Lyft continue to dominate. Combined, the US-based
archrivals account for 93% of all expensed business rides, though riders
choose Uber nearly five times more often than Lyft. In Southeast Asia,
Grab showed more than 200% growth over the last year, earning its place
as the third most frequently expensed rideshare service.
The four fastest-growing business expense categories are advertising,
software, printing, and scooters and bikeshares. Advertising takes first
place with an average growth rate of more than 250% across the three
most popular platforms: Google, Facebook, and Twitter. Companies also
continue to invest heavily in software – receipts for workflow
technologies such as Twilio, Asana, Slack, Zoom, and SendGrid grew by an
average of more than 180% over the past year. Business spending on print
materials has also increased, with business card giants Moo and
Vistaprint growing 344% and 90% over the past year, respectively. The
fourth expense trend hints at the evolving employee commute, where
scooter and bikeshare services Scoot and Lime win the race against other
two-wheeled transit apps.
To round out the analysis with an up-and-coming category, Spend Trends
focuses on meal and grocery delivery. Business spending on meal delivery
services such as Caviar, DoorDash, Grubhub, and Deliveroo surged an
average of 150% over the past year. Dominated by Instacart’s 450%
growth, grocery delivery also increased significantly in 2018.
Curious for more stats and graphs about the business expense
landscape? Check out the full version of Spend
Trends and keep an eye out for more updates from Expensify on
the evolving world of business spend trends.
Expensify is the only receipt tracking and expense management app built
for everyone – from the self-employed to Fortune 500 companies. The
easy-to-use tool automates your entire workflow with SmartScan OCR
receipt scanning technology, company card management, next-day
reimbursement, and other time-saving features. Expensify is the only
expense management partner of the AICPA and used by more companies than
any other expense software in the world. Join the millions of people
already saving time with Expensify at use.expensify.com!
James Dean, [email protected]