Motus has acquired Everlance, a company specializing in mileage and expense tracking solutions, to strengthen its position in vehicle reimbursement services. The acquisition aims to enhance support for businesses that rely on employees using personal vehicles for work. Companies with mobile workforces often face challenges in managing travel expenses, optimizing reimbursements, and ensuring compliance with tax regulations. Integrating Everlance’s capabilities with Motus’ existing analytics and business intelligence tools is expected to address these concerns.
Motus has previously pursued similar initiatives to improve its services in mileage tracking and expense management. The company has focused on expanding its technology and data-driven solutions to offer precise reimbursement calculations. Everlance, established in 2015, has been known for its mobile app designed to help users track mileage and expenses efficiently. The acquisition follows a recent trend in the industry, with companies like TravelPerk acquiring Yokoy to create integrated travel and expense management platforms.
What does the Everlance acquisition bring to Motus?
Everlance’s mobile application, which has been used by over 4 million drivers, offers automated mileage tracking and expense categorization. By integrating these features with Motus’ existing solutions, businesses can gain better visibility into employee expenses. The combination also includes compliance management and reimbursement optimization, features that are crucial for businesses managing large mobile workforces.
How does this acquisition affect businesses and employees?
Businesses that depend on employees using personal vehicles for work often struggle with reimbursement accuracy and compliance. The acquisition provides a more streamlined approach, allowing employers to gain better control over costs while ensuring employees are fairly compensated. Motus aims to offer improved mileage reimbursement, driver safety programs, and tax compliance solutions through the integration of Everlance’s technology.
Motus CEO Phong Nguyen highlighted the importance of efficient reimbursement solutions for companies with mobile employees, stating:
“The success of so many organizations depends on employees driving their own cars as part of their jobs. For those businesses with sales teams, merchandisers, home healthcare or a host of other critical roles — it can be a struggle to gain the visibility and control they need to optimize reimbursement spend, mitigate risks, and bolster the productivity of all those employees on the road.”
Nguyen further emphasized that the acquisition allows the companies to enhance their reimbursement, safety, and compliance offerings.
The deal aligns with a broader trend in the expense management industry, where companies are seeking to integrate and automate financial processes. Many businesses still rely on legacy systems that create inefficiencies in tracking and processing expenses. Emerging tools powered by artificial intelligence have the potential to improve these processes, but their effectiveness is often limited by outdated infrastructure.
As expense management continues evolving, companies are looking for ways to provide more accurate and efficient reimbursement solutions. With Motus acquiring Everlance, businesses may benefit from enhanced automation and data-driven decision-making. The acquisition reflects an industry-wide effort to modernize financial processes and reduce administrative burdens for organizations that depend on employee travel.
