[jcampbell1]

This sounds awesome.

I used to have the awful job of auditing executive expense reports at a fortune 10 company. One major problem is that employees submit expenses, and managers approve them, but they don't comply with IRS guidelines for deductibility. For instance, an employee just submits a expense for a $300 dinner, and it is approved by his manager.

One area where you could really stand out from the competition is guiding people to do the right thing, e.g. list the number of people that attended the dinner and a few names and titles of the attendees.

[oq]

Thanks! Firstly, glad you're no longer having to suffer through that, haha. It's a great point you bring up - we're trying stay focused on serving businesses with 5-100 employees where that's less of an issue.

That being said, we have built in something we're pretty excited about which is commenting, where managers and employees can communicate right from the phones on specific transactions (kind of like sending a text) to clarify and approve rather than reject and force the employee to start over.

We're also psyched to start building what my co-founder Ted likes to think of as 'data snacks', where we surface relevant insights based on the situation, e.g. you're 80% of the way through your monthly budget, which is really what we've heard companies at that particular stage value most.

[jcampbell1]

It is the small businesses that get screwed the most. Big companies have guys like me. It is only a problem when the IRS decides to do an audit, and they determine the 50% rule applies on the last 5 years of M&E. It is a non-issue for small businesses right up to the point when it becomes a major issue.

For instance, if you have "Dinner, $300", that can be a problem. If you have "Dinner, $3,000, 10 attendees, incl. Larry Page - CEO Google", the IRS will have no problem, even though it is a $300/pp dinner.