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How does Divvy save you cash?

Credit card companies want to sell you on cash back. But at Divvy we want to help you spend smarter, which as it turns out, is way more valuable than only considering cash back. We’ll help you save enough money that it'll be like you're getting 7-10% cash back.

Example company:

50

Employees

10

Spenders

Monthly spend

$100k

This is the thing you’ve bought to try and solve your expense reporting problems. It costs anywhere from $8-20 per user per month. 

Expense reporting software

$1,200

per year

Fraudulent charges 1

Every company deals with fraud. We’re talking about the kind where employees maliciously or non-maliciously spend money they’re not supposed to.

$11,500

per year

Filing expense reports 2

Expense reports take a lot of time to prepare and file. And multiple people have to be involved each time. On average, each expense report costs your company $38.72. So if each spender files 2 per month, that’s 240 expense reports each year.

$9,292

per year

Overspend on SaaS products 3

Companies tend to grossly overspend on their software solutions. This could be having too many licenses, paying for products that are no longer used, or paying for things you don’t even realize you’re paying for.

per year

$50,000

Business travel is a big part of how most companies spend. On average, 20% of employees travel for their company and spend $321/month on average doing that. That’s $38,520/year on travel. For this example we'll assume 20% savings on that.

Travel savings from 15-50% 4

$7,704

per year

$79,696

per year

That's like getting 6.64% cash back 

Sources:

Credit card companies want to sell you on cash back. But at Divvy we want to help you spend smarter, which as it turns out, is way more valuable than only considering cash back. We’ll help you save enough money that it’s like you’re getting 7-10% cash back.

How does Divvy save you cash?

That's like getting 6.64% cash back.