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Expensify releases analysis of top trends and emerging patterns in business spending

Spend Trends examines company spending behaviors and provides insight into today’s most popular, fastest-growing, and up-and-coming business expense trends.

SAN FRANCISCO, CA – Expensify published its Spend Trends analysis to explore how business expense trends are shifting over time. The report shares insights on topics ranging from the most popular business expenses such as rideshare apps, to lesser-known spending patterns in advertising, software, printing, bikeshares, and food delivery.

The analysis begins with the most popular business expenses – rideshares – which Uber and Lyft continue to dominate. Combined, the US-based archrivals account for 93% of all expensed business rides in 2018, though riders choose Uber five times more often than Lyft. In Southeast Asia, Grab showed more than 200% growth over the last year, earning its place as the third most frequently expensed rideshare service.

The four fastest-growing business expense categories are advertising, software, printing, and scooters and bikeshares. Advertising takes first place with an average growth rate of more than 250% across the three most popular platforms: Google, Facebook, and Twitter. Companies also continue to invest heavily in software – receipts for workflow technologies such as Twilio, Asana, Slack, Zoom, and SendGrid grew by an average of more than 180% over the past year. Business spending on print materials has also increased, with business card giants Moo and Vistaprint growing 344% and 90% over the past year, respectively. The fourth expense trend hints at the evolving employee commute, where scooter and bikeshare services Scoot and Lime win the race against other two-wheeled transit apps.

To round out the analysis with an up-and-coming category, Spend Trends focuses on meal and grocery delivery. Business spending on meal delivery services such as Caviar, DoorDash, Grubhub, and Deliveroo surged an average of 150% over the past year. Dominated by Instacart’s 450% growth, grocery delivery also increased significantly in 2018.

Curious for more stats and graphs about the business expense landscape? Check out the full version of Spend Trends and keep an eye out for more updates from Expensify on the evolving world of business spend trends.

https://use.expensify.com/spend-trends/jan-2019

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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