What is Divvy?
Divvy is the most secure payment platform for business. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.
What is your App’s name and what do you do?
Divvy is the proactive spend management solution for businesses. Our goal is to be the financial nervous system for all businesses by building the tools they need to get instant access to their financial data and make smart decisions to grow their company.
What was the main problem you were trying to solve when you first developed Divvy?
The headache behind Divvy was expense reporting. Not only are expense reports a pain to create, submit, and correct, but since finance teams receive outdated information, you wouldn’t know your costs until the end of the month, and sometimes (if there were errors on the expense reports) not even then. All of this “stale data” makes making strategic financial decisions difficult.
What companies (or users) are the best fit for Divvy?
Anybody who has dealt with the pain of expense reports and out-of-date financial data needs Divvy. Small businesses and large enterprises alike use Divvy to gain control of their company’s finances.
Tell us about your users’ top 3 favorite features or benefits of Divvy.
Real-time visibility – all transactions are shown in Divvy’s platform. Finance teams can see who is spending, how much they’re spending, where they’re spending, and when. This protects businesses against wasteful employee overspending. Simple budgeting – quickly creating budgets for teams, projects, conferences, etc and assigning employees to these budgets. They then spend from these budgets, but cannot spend more than what is available to them. Virtual cards – Creates a totally unique 16 digit digital card for online transactions. This can be for recurring subscriptions or one time charges.
Tell us about your company’s culture and leadership.
Here at Divvy we have six main company values. First, we put the customer experience first. That means we are empathetic, trustworthy, engaging, and capable of exceeding expectations. Next, we are owners. Every person at Divvy is empowered to be autonomous, self-motivated, and biased for action. Third, we move fast. Speed requires a team that’s goal-minded, organized, deadline-driven, and always looking forward to the future. Fourth, we represent. We are approachable, inclusive, transparent, and responsive–to the diverse needs of our customers and our employees. Next, we work hard and smart. We get things done by being deliberate, data-driven, curious, and comfortable with shifting priorities. Finally, we win together. At the heart of our success is a team that’s collaborative, cross-functional, OKR-driven, and aligned with shared goals. Everybody in the company is completely 100% bought into these values. Company leadership is smart and data-driven and our employees follow suit. Divvy is an amazing place to work and grow your career.
How is Divvy different from your competitors?
There are three main differentiators that set Divvy apart from our competition. First, Divvy is the proactive spend solution. Instead of categorizing expenses after the transaction and submitting a report at the end of the month with unexpected charges, Divvy users categorize expenses and spend from specific budgets before they swipe their card. This eliminates the need for expense reports. Second, the features. No other service provides the comprehensive financial experience–from bill pay tools to Divvy Travel powered by Tripactions–that Divvy provides. The final difference is the price.
What is the pricing for Divvy?
Believe it or not, Divvy is a completely free solution. We make money from the vendor transaction fee, so Divvy doesn’t cost businesses anything. That’s a pretty stark contrast from the per-user monthly fees competitors charge for less powerful software solutions.
Does Divvy have any programs for Quickbooks ProAdvisors?
Currently, there is no Quickbooks ProAdvisors programs, but as we grow that is definitely a channel we will make use of. Divvy is invested in the Quickbooks ecosystem and we recently released a direct Quickbooks Online integration that makes syncing data to your books easier than ever.