Motus Strengthens Its Presence Through Acquisition
Motus, a leader in mobile workforce solutions, recently made headlines with an exciting announcement. The company has successfully acquired Everlance, a notable mileage and expense tracking solution designed for small businesses and mobile teams. This acquisition not only enhances Motus’ service offerings but also empowers companies of all sizes to optimize their spend, mitigate risks, and boost productivity.
Understanding Everlance's Impact
Established in 2015 by innovative minds Alex Marlantes and Gabriel Garza, Everlance has quickly gained recognition for its user-friendly productivity tools that cater specifically to mobile workers. With a self-managed vehicle reimbursement solution, it has already assisted over 4 million drivers in effortlessly tracking their miles, logging expenses, and effectively managing their finances, making it a popular choice for self-employed individuals and small teams.
A Complementary Partnership
The integration of Everlance’s strengths with Motus’ advanced analytics and insights promises to offer a comprehensive solution for a broader range of businesses. While Everlance excels in delivering a seamless mobile experience for users, Motus provides crucial decision-making support backed by rich data. This strategic blend of capabilities is set to ensure that customers receive a product portfolio that aligns with their current and future needs, a blend that is especially beneficial in today's business environment.
Insights from Company Executives
“The success of many companies comes from employees who use their personal vehicles for work-related tasks,” remarked Phong Nguyen, CEO of Motus. He emphasized the importance of obtaining visibility and control to make informed decisions regarding reimbursement spend, risk mitigation, and driving efficiency for employees on the move. This collaboration aims to offer enhanced solutions in mileage reimbursement, driver safety training, and tax compliance, ultimately serving the diverse needs of businesses across various sectors.
Looking to the Future
Alex Marlantes, CEO of Everlance, expressed his enthusiasm about this collaboration, declaring that both companies are poised to revolutionize reimbursement solutions for businesses that depend on their employees driving as part of their roles. The integration of these two powers in the industry is expected to yield a wealth of value for customers, allowing for optimized processes and enhanced financial efficiency.
About Motus
Motus stands as a significant player in mobile workforce management, effectively aiding organizations in managing vehicle and device-related expenses through tailored calculations. With a robust data foundation built over more than 80 years, they serve numerous Fortune 500 companies committed to enhancing workplace agility. Their automotive data is also pivotal in setting IRS mileage deduction standards, which are essential for business expense management.
About Everlance
Everlance is renowned for its mileage and expense tracking app, catering to self-employed individuals and small businesses. It helps users save both time and money by automating the tracking process, enabling them to maximize their deductions effortlessly. With a dedicated user base, Everlance continues to simplify financial management for its clients.
Frequently Asked Questions
What is the significance of Motus acquiring Everlance?
The acquisition allows Motus to enhance its service offerings, providing more comprehensive solutions for mileage reimbursement and expense tracking tailored for a wide range of businesses.
How does Everlance help its users?
Everlance helps users by providing an automatic and accurate tracking solution that simplifies the process of logging miles and expenses, contributing to maximizing tax deductions.
What can customers expect from the combined services of Motus and Everlance?
Customers can anticipate a robust set of tools for mileage reimbursement, driver safety training, and enhanced compliance solutions, ensuring all aspects of their operational needs are addressed.
How many users does Everlance currently serve?
Everlance currently serves over 4 million users, primarily consisting of self-employed individuals and small businesses.
What is Motus known for?
Motus is known for offering leading solutions in mobile workforce management, specializing in vehicle reimbursement and risk mitigation for companies with employees who drive for work.
