Everlance
Everlance is an automated mileage and expense tracking platform for self-employed professionals, gig workers, and small businesses. The app uses GPS technology to log trips automatically, syncs bank accounts for expense management, and generates IRS-compliant reports to maximize tax deductions. Over 4 million drivers use the platform for automatic mileage logging and expense categorization.
- Mobility & Transportation
- Financial Technology
- Software Only
- Applications
Funding
Funding not disclosed
+2Founders
Product
Problem
Self-employed individuals and businesses often struggle with manually tracking mileage and expenses, leading to missed deductions and non-compliant records. This manual process is time-consuming, prone to errors, and creates administrative overhead for tax preparation and reimbursements.
Solution
Everlance provides an automated mileage and expense tracking platform that leverages GPS technology and bank integration to accurately log business trips and transactions. The platform automatically tracks mileage in the background, allowing users to classify trips as work or personal with a simple swipe, and syncs with bank accounts and credit cards to log expenses without manual entry. Everlance identifies potential tax deductions by scanning transactions, generates IRS-compliant reports, and streamlines reimbursement processes for businesses. By automating these tasks, Everlance reduces administrative workload, maximizes tax savings, and ensures accurate financial record-keeping.
Target Audience
Everlance targets self-employed professionals, gig workers (such as delivery and rideshare drivers), real estate agents, and businesses with employees who drive for work, including companies needing mileage reimbursement management.
Features
- Automatic mileage tracking using GPS, operating in the background with a set-it-and-forget-it design
- One-click trip classification for work or personal purposes via swipe gestures
- Automatic expense tracking by syncing with bank accounts and credit cards
- Receipt management with photo capture and attachment to expenses
- Deduction finder technology that scans transactions for potential tax deductions
- IRS-compliant report generation for mileage and expenses, accessible across all devices
- FAVR (Fixed and Variable Rate) program for personalized reimbursement design and management
- CPM (Cents Per Mile) program for mileage reimbursement management
- Everlance Payments for hands-free mileage payments
- Driver checkup for license, insurance, and MVR verification
- HR integrations to automate population management
- Tax audit protection with $1 million dollar coverage