Today, I’m excited to announce the launch of Emburse, a new global company which incorporates Abacus, as well as its sister solutions - Captio, Certify, Chrome River, Nexonia, and Tallie.
I’m incredibly excited about this launch, and to step into the role of CEO of this amazing company. I’m honored to join our global team of passionate employees. Across our various businesses, we have some of the most talented individuals and leaders in the industry. As a unified team, we are harnessing our collective strengths to deliver great outcomes for our employees, customers, and shareholders.
In addition, Abacus is expanding its support and implementation teams across multiple offices in North America, so our customers can benefit from faster responses from our support team. Our customers are already seeing the distinct advantage of Abacus being part of a larger group of industry experts, which is empowering Abacus to deliver an even more robust experience to users and administrators alike. Ted Power and Omar Qari are joining me in Emburse’s executive leadership, and Andrew Donato has expanded his role, to become general manager of Abacus.
We will continue to actively support and will increase our rate of innovation on each of our six core expense solutions which are uniquely tailored for specific industries, company sizes, and geographies. Coming together, we are now also able to share key technologies - such as real-time expenses, sophisticated data capture and extraction, and deep integrations with corporate cards – across the different solutions.
Today, more than 4.5 million business travelers, finance professionals and CFOs at over 14,000 organizations in 120 countries trust Emburse’s solutions to automate manual processes, ensure compliance and deliver deep spend insight to make smarter, more informed decisions. At Emburse, our goal is to help companies simplify and eliminate the complexity of travel, expense and invoice management so employees can focus on what matters most to them, and not the pain of time-consuming and tedious systems. We will help companies humanize work, by providing simple, intuitive and user-friendly solutions for employees, so they can save valuable time and money.
Some of you may know that the name “Emburse” isn’t entirely new. In fact, it was initially a company that provided organizations with smart, policy-based physical and virtual payment cards, which we acquired last year. When we were considering names for this new combined organization, we realized that we already have an absolutely fantastic name which works so well with all of our solutions. So it made sense for us to use this name for the entire portfolio.
The “original” Emburse remains. Customers and card holders can continue to issue and use Emburse cards just like before. In fact, even more organizations will be able to benefit from these cards, as we integrate the capabilities across our entire portfolio of solutions.
Last, a bit about me. I have nearly 30 years of leadership experience at some of the largest, most trusted and most well-known business software providers, including SAP, Concur, Marketo, Business Objects, and Information Builders. I live in Denver with my wife and three very active young children, who keep us very busy with their school and sporting endeavors.
I’m thrilled to be joining a worldwide team of 750 people, working along an exceedingly talented leadership team. I’m particularly excited to work hand-in-hand in this endeavor with our president, Nord Samuelson. He has already done a fantastic job improving our operations and bringing the organizations together as one company with a singular vision to humanize work.
I hope that you share my excitement for the future. There is so much potential in this industry, and I think we’ve barely scratched the surface for what we can achieve. I hope that you will join us on this exciting ride.