What expense category does Intercom fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
Intercom falls under the 'Software' expense category, specifically in the 'Customer Communication and Engagement Software' subcategory.
Role of the Expense in Business
Intercom is a platform for customer communication, offering chat, messaging, and customer engagement tools, widely used by businesses for enhancing customer support and sales processes.
Practical Example
A company using Intercom for live customer chat support and targeted messaging campaigns would categorize these expenses under 'Customer Communication and Engagement Software'.
Specialized Expense
For businesses using Intercom on a limited scale for specific customer interactions, it might be categorized under 'General Customer Service Tools'.
Conclusion
Intercom's specialization in customer communication and engagement places it within the 'Software' expense category, particularly for those functions.
As we scale we need tools that are built to scale with us - we need to see expenses real time, we need to see duplicate spend. These types of insights are important to the health of our business.
SVP Finance & Strategy, Barry's
The information provided in this article does not constitute legal or financial advice and is for general informational purposes only. Please check with an attorney or financial advisor to obtain advice with respect to the content of this article.
Learn more about our Expense Management software.