Company Overview

About Divvy

Divvy Details

Founded

2016

Funding

$165M

Team Size

410

What SIA Thinks

Divvy software is designed to help businesses take charge of their finances in a more organized and efficient way. Imagine having a tool that can simplify the process of managing budgets, expenses, and corporate spending all from one platform - that's what Divvy does best.

At its core, Divvy combines the functionalities of expense management software with a corporate card. This means that businesses can issue cards to their teams, set budgets, and track spending in real-time. No more waiting till the end of the month to see spending reports. Instead, you can see transactions as they happen, making it easier to stay on top of your finances.

One of the things that sets Divvy apart is its user-friendly platform. Even if you're not a finance expert, you'll find it simple to create and manage budgets, capture receipts, and categorize expenses. The software automatically generates detailed spending insights, so you can have a clear picture of where money is going and make smarter financial decisions.

Divvy also aims to reduce the paperwork and manual tasks that often come with managing company expenses. For example, employees can use the Divvy app to capture their receipts right when they make a purchase, eliminating the hassle of keeping track of paper receipts. All this information is then synced online, making expense reports a breeze to compile.

Another handy feature is Divvy's flexibility in setting spending limits. You can give different teams or departments varying levels of access to funds based on your company's budget. This means greater control and less risk of overspending.

In summary, Divvy helps businesses streamline their financial operations by providing a straightforward, real-time way to manage expenses and budgets. With its intuitive platform and comprehensive features, Divvy can significantly ease the administrative burden of financial management, freeing up more time for businesses to focus on growth and success.

Pros and Cons

Pros

  • User-friendly app
  • Auto budget setup
  • Expense tracking
  • Free software
  • Budget management
  • Real-time reports
  • Real-time data
  • Unlimited cards
  • Expense tracking
  • User-friendly

Cons

  • Limited integrations
  • Learning curve
  • Merchant restrictions
  • Inconsistent updates
  • Customer service issues
  • Mobile limitations
  • Transaction delays
  • High fees
  • Limited integrations
  • Complex setup

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