LOS ANGELES and PORTLAND, MAINE, NOVEMBER 28, 2022: Emburse, the global leader in corporate spend optimization, announced today that it was named one of the fastest-growing technology companies in North America by Deloitte. The Deloitte North America Technology Fast 500, which recognizes companies based on their revenue growth from 2018 to 2021.
Despite the slowdown in business travel related to COVID, Emburse achieved 242% growth from 2018 to 2021. During this time, the organization saw a significant increase in market share for its core expense and invoice automation technologies, as well as expanding into payments and card issuance. The organization now counts more than 12 million users at 18,000 customers, using the solution in more than 120 countries.
“I’m incredibly proud that at our significant scale, we have maintained the level of growth to be included in the Deloitte Fast 500. Our continued success at a time when business travel stopped entirely and our core industry saw significant annual contraction is a testament to the people that make up Emburse and the value that our solutions deliver to our customers around the world” said Eric Friedrichsen, CEO of Emburse. “As companies face financial headwinds, spend optimization is critical for all organizations. Our ability to provide spend insights that help customers reduce costs and make faster, better decisions about their spend will enable us to maintain this growth trajectory and increase market share.”
The Technology Fast 500, now in its 28th year, ranks 500 of the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology sold to customers in products that contribute to most of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000, current-year operating revenues of at least $5 million, be in business for a minimum of four years and be headquartered in North America.
Emburse is the global leader in spend optimization. Our expense, travel management, purchasing and accounts payable, and payments solutions are trusted by more than 12 million business professionals, including CFOs, finance teams, and travelers. More than 18,000 organizations in 120 countries, including FORTUNE 100 corporations, high-growth startups, public sector agencies, and nonprofits, count on our intelligent automation, sophisticated analytics, and unmatched spend control to streamline processes, increase spend visibility, enhance compliance, and deliver positive financial outcomes.
Emburse humanizes work by eliminating manual, time-consuming tasks, so our customers and their teams can focus on what matters most in their personal and professional lives.
For more information on Emburse, visit emburse.com, or follow our social channels at @emburse.