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Exact, cloud-based business software provider announced the acquisition of SRXP, the Dutch market leader in Expense Management cloud software.
Reduces time spent on expense claims by 75 per cent!
With this acquisition, the Exact making the employee reporting and declaration process more efficient. Since efficient expense management is a challenge, SRXP’s mobile application and cloud portal can help in reducing time spent on expense claims by 75 per cent.
Two acquisition (SRXP and Proquro) in a short span support Exact’s vision of providing a family of products that allow SMEs to comprehensively manage their costs.
Notably, Exact and SRXP already share many joint customers, who combine the SRXP Expense Management solution with the financial software solutions Exact Globe and Exact Online.
However, SRXP will continue to sell and support its larger customers like Mammoet, Port of Rotterdam, Bugaboo and Rituals with the existing SRXP solutions.
Exact
Founded by Arco Van Nieuwland, and Eduard Hagens in 1984, Exact provides cloud-based business software for entrepreneurs and their accountants. This company employs around 1,400 people across 13 countries and serves around 400,000 companies with their software to manage their business numbers.
SRXP
SRXP is the Dutch market leader in digitising expense reporting processes. The purpose is to make expense reporting fast, accurate and easy so that customers can devote their time to more important tasks. SRXP connects with financial and HR software, automatic workflows, credit card integration, company policies and many more functionalities.
Phill Robinson, CEO Exact about this development:
This is a great step for Exact and for our customers. Within SMEs, there is an increasing focus on controlling expenditure. To make this possible, we already offered automated support for the Purchase to Pay process after the recent acquisition of ProQuro. Thanks to the acquisition of SRXP, we can now also offer Expense Management to SMEs and accountants in a fully automated way, that is efficient and easy to use for both employees and their management teams.
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