Warrantify launches expense management and reporting service, partners with accounting software firms to fuel its usage

Helsinki-based startup Warrantify launches Warrantify Expenses, to offer expense management and reporting service for individuals and enterprises. The freemium service is currently available on web (HTML5 app) and iOS platforms, with the Android app expected to come soon.

Warrantify.com is a web-based, paperless, one-stop-shop where retailers and consumers easily manage warranties and receipts. Speaking on the launch, Haritash Tamvada, Founder, Warrantify said, “Our new product is built on the existing Warrantify platform and is an extension of our paperless offering by adding expense management and reporting tool for individuals and enterprises.”

Currently, a lot of enterprise users spend their productive time in managing their paper receipts for expense claims the traditional way. With Warrantify’s new app, enterprise can reduce the time spent on claims and reimbursements by up to 90%, as all that the user would do is just scan the paper receipt from her device and Warrantify takes care of the rest, including generating a monthly expense report.

Launched in 2011 by Haritash Tamvada - along with the core team comprising Petri Lahdelma, Sebastian Maki, Rushil Dave, and Timo Kulmala - Warrantify serves ecommerce and offline consumer electronics retailers, in both the Indian and US markets. The firm is partnering with leading accounting software firms to make expense reporting a one-step process for enterprises.

Apart from bringing in huge cost and time efficiencies by getting rid of paper-based expense receipts, Warrantify expenses, hopes to positively change the way both employees and employers look at expense receipts by making the entire process faster, simpler and easier.