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Streamlined expense administration is an important component of the monetary well being of any group, so having the appropriate expense administration software program resolution is essential. Expensify is one instance – however there are lots of alternate options to it.
And since journey bills make up an essential a part of companies’ total bills (and with the enterprise journey business anticipated to succeed in $2 trillion by 2028) many corporations are utilizing complete journey administration options like TravelPerk to benefit from their company journey program and handle their budgets effectively.
Provided that each expense administration software program and journey administration platforms are important instruments for a lot of companies,, it’s essential to guarantee that any new software program you select, seamlessly integrates into your present tech stack.
Expensify is without doubt one of the hottest expense administration techniques on the market, but it surely may not be the proper match for everybody. On this article, we’ll evaluate the 5 finest Expensify alternate options, together with detailed details about their most essential options and buyer critiques.
1. Divvy
Divvy is a SaaS platform for expense administration that provides companies entry to a spread of monetary providers and credit score. It’s constructed for small and mid-sized enterprises (SMEs) and was lately bought by BILL, a monetary automation firm.
It’s free to make use of, which makes it a very engaging possibility for companies on a decent funds.
Divvy’s key options embrace:
- An intuitive dashboard that provides you a full overview of all enterprise bills in actual time
- Facilitated entry to enterprise credit score, whatever the dimension of your organization
- Automated expense administration and detailed expense experiences
- Actual-time monitoring and management of your organization’s budgets and spending
- Automated reconciliation of credit score statements into your accounting system
- Straightforward-to-use digital playing cards to guard your organization towards fraud
G2 score: 4.5/5
Capterra score: 4.7/5
Pricing: Free
Languages supported: English
(Data checked on January 30, 2023).
Expensify vs. Divvy
On G2, the 2 corporations have the identical world score, 4.5/5. Prospects discovered Divvy considerably simpler to arrange and use, and rated its customer support increased, however the variations aren’t drastic: each platforms’ scores are above 8/10 throughout all classes. Forex conversions and worker reimbursements had been simpler with Expensify, which additionally scored higher at assembly customers’ necessities.
On Capterra, Divvy’s total score is best than that of Expensify (4.7/5 vs. 4.4/5). Function-wise, each options are ranked equally. Prospects discovered Divvy’s buyer assist to be glorious however talked about that the platform may use some tweaks on its notifications (for instance, for approaching spending limits) or reimbursements.
2. Ramp
Ramp is one other Expensify competitor that gives corporations with the appropriate instruments for higher spend administration and expense monitoring. It affords company bank cards with a horny cashback of 1.5%, which helps corporations save on bills, and permits super-fast invoice funds.
Ramp is geared in direction of small and mid-sized companies (SMBs) and mid-market enterprises. Much like Divvy, it’s free as its income comes from service provider charges.
Ramp’s key options embrace:
- Streamlined expense administration with digitized approval and spend insurance policies
- Bodily and digital bank cards with granular management choices, enabling you to dam a single service provider or a class
- 1.5% cashback on all Ramp playing cards
- Environment friendly accounting automation serving to you be absolutely compliant and audit-ready always
- Tremendous quick invoice funds through card, automated clearing home (ACH), verify, or wire transfers
- Detailed expense experiences and real-time critiques of out-of-policy bills
- Straightforward integrations with 1000+ software program apps, similar to accounting platforms (similar to Xero, Oracle Netsuite, and QuickBooks On-line), ERP software program, productiveness and venture administration apps, and extra
G2 score: 4.7/5
Capterra score: 4.9/5
Pricing: Free
Languages supported: English
(Data checked on January 30, 2023).
Expensify vs. Ramp
On G2, clients had been significantly impressed with Ramp’s ease of use and located it to be the extra user-friendly platform of the 2. Its total score can also be increased: 4.7/5 vs. 4.5/5 for Expensify. Ramp additionally scored higher when it comes to buyer assist and normal product course.
The 2 instruments have the same function profile on Capterra, however Ramp’s total score of 4.9/5 make it one of many highest-rated apps in its class, with over 97% of customers more likely to suggest it to others. Expensify’s total score is at 4.4/5 and fewer clients are more likely to suggest it: 76.5%.
Ramp doesn’t but have an Android software but it surely has already launched one for iOS. Expensify has an iOS app (that has a score of 4.7/5 with over 121k critiques) and an Android app, too.
3. Airbase
Airbase is a complete spend administration system that mixes three core merchandise – accounts payable (AP), company bank cards, and expense reimbursements for workers – enabling you to regulate all non-payroll spend workflows and processes in a single location.
It’s a scalable resolution that’s appropriate for startups and bigger enterprises alike and helps them streamline monetary reporting, compliance, and management.
Airbase’s key options embrace:
- Actual-time visibility and reporting on all spend for improved funds administration and bookkeeping
- Automated, intuitive spend management and approval workflows and processes
- Digital and bodily bank cards to guard the corporate towards fraud and management spending
- Multi-currency funds and playing cards to facilitate journey expense administration
- Prompt receipt scanning through OCR know-how for streamlined reimbursements of worker bills
- Integrations with all main accounting software program suppliers (Oracle Netsuite, Sage Intacct, Xero, QuickBooks On-line, and extra)
G2 score: 4.8/5
Capterra score: 5/5
Pricing: Free Necessities plan (as much as 10 staff), quote-based pricing for his or her Development and Enterprise plans
Languages supported: English
(Data checked on January 31, 2023).
Expensify vs. Airbase
Based mostly on buyer critiques on G2, Airbase performs higher than Expensify throughout most classes, from ease of use and setup to worker reimbursements, bank card integration, and normal product course. Airbase’s total score can also be increased: 4.8/5 in comparison with 4.5/5 for Expensify.
On Capterra, issues look comparable: Airbase has a score of 5/5, whereas Expensify is at 4.4/5 and clients usually tend to suggest the platform to others (97.9% vs. 76.5%). Expensify has extra of the core options included in Capterra’s comparability, nonetheless, and in addition has a desktop model for iOS and Microsoft Home windows.
4. Brex
Brex is a SaaS firm that gives an built-in expense administration resolution and easy-to-use company playing cards. It’s geared in direction of startups and small companies and enormous enterprises alike, offering personalized monetary administration options primarily based on their wants.
A few of Brex’s prime options are:
- An all-in-one cloud-based monetary administration resolution that scales with your small business
- Versatile spend limits for various classes and wishes
- Easy accessibility to company playing cards and enterprise accounts
- Monitoring of burn price and complete runaway forecasts for startups
- Quick, safe funds to service suppliers, freelancers, and companions through ACH, wire transfers, or card funds
- Automated onboarding and offboarding of staff and simple management of spend limits for newcomers
- API integrations with different enterprise software program functions similar to SAP Concur, Slack, Zapier, Bamboo HR, and completely different accounting options (Inuit QuickBooks, Xero, Sage Intacct, and extra)
G2 score: 4.7/5
Capterra score: 4.5/5
Pricing: Free
Languages supported: English
(Data checked on January 31, 2023).
Expensify vs. Brex
Brex has a barely increased score than Expensify on G2 (4.7/5 vs. 4.5/5) and performs higher in most classes, similar to ease of use and ease of admin, high quality of assist, and good categorization. Expensify is best at mileage monitoring and worker reimbursement, in line with reviewers.
Expensify is the extra feature-rich resolution of the 2, in line with Capterra, however total rankings are comparable (4.4/5 for Expensify vs. 4.5/5 for Brex). Each are accessible on a cell machine through their cell apps.
5. ExpensePoint
ExpensePoint is an expense administration and reporting software program resolution for corporations of all sizes, from small companies to multinational enterprises.
With it, monetary and accounting departments can streamline worker expense monitoring and reporting processes. It’s a flexible and customizable platform, which, due to its granular reporting options, facilitates decision-making in any respect ranges.
Amongst ExpensePoint’s prime options and functionalities, you’ll discover:
- An automatic overview and approval course of
- Good merchandise categorization and reconciliation
- Streamlined worker reimbursement and digital receipt administration
- The chance to import and sync bank card transactions from Visa, MasterCard, Amex
- On-line and offline entry through the cloud and desktop variations of the app
- A cell app, enabling you to create and handle expense experiences on the go
G2 score: 4.8/5
Capterra score: 4.9/5
Pricing: $8.5/person per 30 days
Languages supported: Arabic, Czech, German, English, French, Hindi, Italian, Japanese, Korean, Dutch, Portuguese, Spanish, Chinese language (Simplified)
Expensify vs. ExpensePoint
ExpensePoint has a greater total score on G2, in comparison with Expensify (4.8 vs. 4.5) and, in line with critiques, is best at assembly person necessities and at offering assist. It additionally performs higher when it comes to ease of setup, use, and administration, and its expense experiences are simpler to create. Expensify is the higher possibility for bank card integrations and digital receipt administration.
In accordance with Capterra, each platforms carry out equally effectively when it comes to obtainable options however clients are happier with ExpensePoint’s customer support and ease of use.
Conclusion
In the identical means that forward-thinking corporations are not counting on journey companies however are as a substitute utilizing devoted platforms like TravelPerk to handle their company journey, they’re not utilizing Excel spreadsheets to trace and oversee their bills however are counting on automated expense administration software program.
Expensify is one such resolution, and though many customers prefer it, it may not be the most effective match for your small business; that’s why, on this article, we’ve regarded into the highest 5 Expensify alternate options that can assist you select the most effective one.
One issue that’s essential to contemplate is how effectively your expense administration platform integrates along with your company journey administration system. Having the 2 platforms talk seamlessly with one another lets you have a birdseye overview of all related journey and expense information, get real-time updates on journey spend, and ensure everybody’s swiftly reimbursed for his or her out-of-pocket bills.
Schedule a demo at this time to see how TravelPerk can streamline journey bills and make enterprise journey less complicated for everybody.
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