SAN FRANCISCO, May 27, 2015 /PRNewswire/ -- Expensify, the only travel & expense management solution employees ask for by name, today announced that it is the fastest growing ERP software worldwide according to the Gartner report, "Market Share: All Software Markets, Worldwide, 2014," published on March 31, 2015. According to the report's data, Expensify was the fastest growing ERP software, globally, by revenue growth in 2014.
Expensify grew 131.6% in 2014, 58.4% higher than the closest competitor in revenue growth in 2014. Gartner estimates that the overall global market for financial management systems, including on-premise and cloud-based solutions, grew 4.7 percent in 2014. (Source: Gartner, "Market Share: All Software Markets, Worldwide, 2014," March 31, 2015). Expensify outpaced this growth by 28x.
"2014 was a great year for Expensify, so we feel it's no surprise we outpaced the market in terms of revenue growth," said Expensify founder and CEO, David Barrett. "In just the 2nd half of 2014 we doubled our customer count, and revenue has just accelerated since -- up 15% last month alone."
Today, more than 13,000 companies and organizations rely on Expensify to power their travel and expense management. Expensify provides a unique, mobile expense reporting experience for employees with all the power and functionality that finance and accounting professionals love.
Since 2008, Expensify has been the innovation leader in automated expense management, starting with the introduction of its patented SmartScan technology (Patent #US8861861), which has since become an industry standard. Expensify continues to lead the industry by delivering best-in-breed expense management to companies around the world and wants to work with you too! Visit http://use.expensify.com to get started.