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SIX EXPENSE VENDORS BECOME ONE Featured

Six companies that offer expense and AP software have joined to become one, Emburse. This week’s announcement said the company was formed by Abacus, Captio, Certify, Chrome River, Nexonia and Tallie.

Under CEO Eric Friedrichsen, the company says it has 750 employees and 14,000 customers. The aggregation of vendors is designed to challenge SAP Concur. In a prepared statement, Friedrichsen, said the six will maintain their individual software packages, but will be able to accelerate development through technology sharing. Friedrichsen was previously global head, commercial, SMB, and growth markets for Marketo from January 2019 through this month. He was with SAP Concur from April 2008 through December 2016. From January 2017 through January 2019 he was with SAP as SVP and GM for mid-market and ecosystems, North America.

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