EXCLUSIVE— There are some annoyances that are universal for businesses: with its new financial platform, officially opened today, fintech startup Divvy wants to fix them all.

The platform, which uses cloud technology, allows businesses to more easily manage their subscriptions, budgets, payments, and automate their expense reports, Divvy CEO and founder Blake Murray told Bank Innovation.

While that last feature may sound like a minor tweak to traditional business practices, its convenience was highlighted by the 100 clients with whom Divvy beta tested the platform, Murray said.

“If you think of what, at its core, an expense report is, right now at a typical organization there’s a lot of complexity around that,” Murray told Bank Innovation. “It’s a very reactive environment; everyone in finance is receiving [this information] and figuring out what to do. The Divvy platform, it removes the viability of swiping first and asking forgiveness later.”

To power payments via the Divvy card, which businesses will receive once they’ve onboarded onto the platform — including virtual cards that can be keyed to pay for specific subscriptions — the startup has partnered with WEX Bank, the main issuer on the platform.

Murray founded Divvy in 2016, and while the platform can certainly benefit small businesses—that was the platform’s “core thesis” originally, Murray said—its capabilities could also be used within larger enterprises.

As such, the company will continue to partner with others in the financial ecosystem for further growth, Murray said. The platform currently has nine partnerships “that have been executed” at the moment, Murray said.

In addition to these nine, the platform will also partner with two larger enterprise companies in the future, Murray told Bank Innovation.

Murray was unable to name these company partnerships at this time.

The Divvy platform is also available via mobile, with apps for both Apple and Android devices.

To learn more about the latest developments in business banking and cloud technology, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.