Circula is an automated expense management platform that integrates with existing ERP, accounting, and HR systems to streamline the processing of travel reimbursements, employee benefits, and credit card transactions. By digitizing and automating these workflows, Circula reduces accounting process costs by approximately 70% while ensuring compliance with tax regulations and data security laws.
Funding
$22.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies still rely on manual processes and disparate systems for expense management, leading to inefficiencies, errors, and compliance risks. Employees face cumbersome tasks like collecting paper receipts, filling out spreadsheets, and navigating complex reimbursement policies. Finance teams struggle with time-consuming data entry, reconciliation, and audit preparation.
Solution
Circula offers an automated expense management platform that streamlines travel reimbursements, employee benefits, and credit card transactions. The platform provides a user-friendly interface for employees to easily submit expenses by scanning receipts on the go. Circula automates approval workflows, ensuring transparency and compliance with company policies and tax regulations. By integrating with existing ERP, accounting, and HR systems, Circula eliminates manual data transfer and reduces accounting process costs.
Target Audience
Circula targets medium-sized businesses and enterprises looking to automate their expense management processes, improve compliance, and reduce administrative costs.
Features
- Mobile app for iOS and Android enables employees to scan and submit receipts from anywhere
- AI-powered OCR technology automatically extracts data from receipts, reducing manual data entry
- Customizable approval workflows ensure compliance with company policies
- Automated calculation of travel allowances and per diems based on country-specific regulations
- Integration with VISA credit cards for automated transaction reconciliation
- Direct integration with DATEV and other accounting systems for seamless data transfer
- Employee benefits management module for administering tax-optimized benefits
- Real-time reporting and analytics provide insights into spending patterns and trends