Case Study: Pivot Bio achieves cash back-funded T&E savings with Expensify

Pivot Bio slashes T&E admin time by 90% with Expensify

Pivot Bio, a leading innovative agtech company, faced a challenge with its disconnected and manual travel and expense management program. Their finance team was burdened by high operational costs, fragmented tools, and the need to manually audit every single expense report. To solve this, they turned to the vendor Expensify and implemented its expense management platform and the Expensify Card.

By using Expensify's virtual cards and automated approval workflows, Pivot Bio streamlined its entire T&E process. The solution integrated with their booking tool to automatically create expense reports, drastically reducing manual effort. The results were significant: the cash back earned from using the Expensify Card completely offset the platform's cost, making their T&E program revenue-positive. Additionally, Expensify helped slash auditing time by 90%, moving from reviewing 100% of reports to just 5-10%.

Pivot Bio