Streamlined expense control is a an important part of the monetary well being of any group, so having the precise expense control tool resolution is essential. Expensify is one instance – however there are lots of choices to it.
And because go back and forth bills make up crucial a part of companies’ general bills (and with the industry go back and forth trade anticipated to succeed in $2 trillion via 2028) many corporations are the use of complete go back and forth control answers like TravelPerk to take advantage of their company go back and forth program and arrange their budgets successfully.
For the reason that each expense control tool and go back and forth control platforms are very important equipment for plenty of companies,, it’s essential to make certain that any new tool you select, seamlessly integrates into your present tech stack.
Expensify is among the most well liked expense control methods in the market, however it is probably not the easiest have compatibility for everybody. On this article, we’ll evaluate the 5 perfect Expensify choices, at the side of detailed details about their maximum essential options and buyer opinions.
1. Divvy
Divvy is a SaaS platform for expense control that provides companies get right of entry to to a spread of economic services and products and credit score. It’s constructed for small and mid-sized enterprises (SMEs) and was once lately bought via BILL, a monetary automation corporate.
It’s unfastened to make use of, which makes it a specifically sexy choice for companies on a decent funds.
Divvy’s key options come with:
- An intuitive dashboard that provides you with a complete evaluate of all industry bills in genuine time
- Facilitated get right of entry to to industry credit score, irrespective of the dimensions of your corporate
- Computerized expense control and detailed expense studies
- Actual-time monitoring and keep watch over of your corporate’s budgets and spending
- Computerized reconciliation of credit score statements into your accounting gadget
- Simple-to-use digital playing cards to offer protection to your corporate towards fraud
G2 score: 4.5/5
Capterra score: 4.7/5
Pricing: Loose
Languages supported: English
(Information checked on January 30, 2023).
Expensify vs. Divvy
On G2, the 2 corporations have the similar world score, 4.5/5. Shoppers discovered Divvy moderately more uncomplicated to arrange and use, and rated its customer support upper, however the variations aren’t drastic: each platforms’ ratings are above 8/10 throughout all classes. Forex conversions and worker reimbursements had been more uncomplicated with Expensify, which additionally scored higher at assembly customers’ necessities.
On Capterra, Divvy’s general score is best than that of Expensify (4.7/5 vs. 4.4/5). Characteristic-wise, each answers are ranked in a similar fashion. Shoppers discovered Divvy’s buyer give a boost to to be superb however discussed that the platform may just use some tweaks on its notifications (for instance, for coming near spending limits) or reimbursements.
2. Ramp
Ramp is every other Expensify competitor that gives corporations with the precise equipment for higher spend control and expense monitoring. It gives company bank cards with a phenomenal cashback of one.5%, which is helping corporations save on bills, and permits super-fast invoice bills.
Ramp is geared against small and mid-sized companies (SMBs) and mid-market enterprises. Very similar to Divvy, it’s unfastened as its income comes from service provider charges.
Ramp’s key options come with:
- Streamlined expense control with digitized approval and spend insurance policies
- Bodily and digital bank cards with granular keep watch over choices, enabling you to dam a unmarried 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 bills by way of card, automatic clearing space (ACH), take a look at, or twine transfers
- Detailed expense studies and real-time opinions of out-of-policy bills
- Simple integrations with 1000+ tool apps, equivalent to accounting platforms (equivalent to Xero, Oracle Netsuite, and QuickBooks On-line), ERP tool, productiveness and challenge control apps, and extra
G2 score: 4.7/5
Capterra score: 4.9/5
Pricing: Loose
Languages supported: English
(Information checked on January 30, 2023).
Expensify vs. Ramp
On G2, consumers had been specifically inspired with Ramp’s ease of use and located it to be the extra user-friendly platform of the 2. Its general score could also be upper: 4.7/5 vs. 4.5/5 for Expensify. Ramp additionally scored higher with regards to buyer give a boost to and common product path.
The 2 equipment have a identical characteristic profile on Capterra, however Ramp’s general score of four.9/5 make it probably the most highest-rated apps in its class, with over 97% of customers prone to suggest it to others. Expensify’s general score is at 4.4/5 and less consumers are prone to suggest it: 76.5%.
Ramp doesn’t but have an Android utility however it has already introduced one for iOS. Expensify has an iOS app (that has a score of 4.7/5 with over 121k opinions) and an Android app, too.
3. Airbase
Airbase is a complete spend control gadget that mixes 3 core merchandise – accounts payable (AP), company bank cards, and expense reimbursements for workers – enabling you to keep watch over all non-payroll spend workflows and processes in one location.
It’s a scalable resolution this is appropriate for startups and bigger enterprises alike and is helping them streamline monetary reporting, compliance, and keep watch over.
Airbase’s key options come with:
- Actual-time visibility and reporting on all spend for stepped forward funds control and bookkeeping
- Computerized, intuitive spend keep watch over and approval workflows and processes
- Digital and bodily bank cards to offer protection to the corporate towards fraud and keep watch over spending
- Multi-currency bills and playing cards to facilitate go back and forth expense control
- Quick receipt scanning by way of OCR era for streamlined reimbursements of worker bills
- Integrations with all main accounting tool suppliers (Oracle Netsuite, Sage Intacct, Xero, QuickBooks On-line, and extra)
G2 score: 4.8/5
Capterra score: 5/5
Pricing: Loose Necessities plan (as much as 10 workers), quote-based pricing for his or her Expansion and Endeavor plans
Languages supported: English
(Information checked on January 31, 2023).
Expensify vs. Airbase
In response to buyer opinions on G2, Airbase plays higher than Expensify throughout maximum classes, from ease of use and setup to worker reimbursements, bank card integration, and common product path. Airbase’s general score could also be upper: 4.8/5 in comparison to 4.5/5 for Expensify.
On Capterra, issues glance identical: Airbase has a score of five/5, whilst Expensify is at 4.4/5 and consumers are much more likely to suggest the platform to others (97.9% vs. 76.5%). Expensify has extra of the core options integrated in Capterra’s comparability, on the other hand, and in addition has a desktop model for iOS and Microsoft Home windows.
4. Brex
Brex is a SaaS corporate that gives an built-in expense control resolution and easy-to-use company playing cards. It’s geared against startups and small companies and massive enterprises alike, offering custom designed monetary control answers in line with their wishes.
A few of Brex’s most sensible options are:
- An all-in-one cloud-based monetary control resolution that scales with your online business
- Versatile spend limits for various classes and wishes
- Simple get right of entry to to company playing cards and industry accounts
- Monitoring of burn fee and complete runaway forecasts for startups
- Rapid, safe bills to provider suppliers, freelancers, and companions by way of ACH, twine transfers, or card bills
- Computerized onboarding and offboarding of workers and clean keep watch over of spend limits for inexperienced persons
- API integrations with different endeavor tool programs equivalent to SAP Concur, Slack, Zapier, Bamboo HR, and other accounting answers (Inuit QuickBooks, Xero, Sage Intacct, and extra)
G2 score: 4.7/5
Capterra score: 4.5/5
Pricing: Loose
Languages supported: English
(Information checked on January 31, 2023).
Expensify vs. Brex
Brex has a relatively upper score than Expensify on G2 (4.7/5 vs. 4.5/5) and plays higher in maximum classes, equivalent to ease of use and simplicity of admin, high quality of give a boost to, and sensible categorization. Expensify is best at mileage monitoring and worker repayment, in line with reviewers.
Expensify is the extra feature-rich resolution of the 2, in line with Capterra, however general rankings are identical (4.4/5 for Expensify vs. 4.5/5 for Brex). Each are out there on a cell instrument by way of their cell apps.
5. ExpensePoint
ExpensePoint is an expense control and reporting tool 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 most sensible options and functionalities, you’ll in finding:
- An automatic overview and approval procedure
- Good merchandise categorization and reconciliation
- Streamlined worker repayment and virtual receipt control
- The likelihood to import and sync bank card transactions from Visa, MasterCard, Amex
- On-line and offline get right of entry to by way of the cloud and desktop variations of the app
- A cell app, enabling you to create and arrange expense studies at the move
G2 score: 4.8/5
Capterra score: 4.9/5
Pricing: $8.5/consumer per 30 days
Languages supported: Arabic, Czech, German, English, French, Hindi, Italian, Eastern, Korean, Dutch, Portuguese, Spanish, Chinese language (Simplified)
Expensify vs. ExpensePoint
ExpensePoint has a greater general score on G2, in comparison to Expensify (4.8 vs. 4.5) and, in line with opinions, is best at assembly consumer necessities and at offering give a boost to. It additionally plays higher with regards to ease of setup, use, and management, and its expense studies are more uncomplicated to create. Expensify is the simpler choice for bank card integrations and virtual receipt control.
Consistent with Capterra, each platforms carry out similarly neatly with regards to to be had options however consumers are happier with ExpensePoint’s customer support and simplicity of use.
Conclusion
In the similar means that forward-thinking corporations are now not depending on go back and forth companies however are as a substitute the use of devoted platforms like TravelPerk to arrange their company go back and forth, they’re now not the use of Excel spreadsheets to trace and oversee their bills however are depending on automatic expense control tool.
Expensify is one such resolution, and even though many customers find it irresistible, it is probably not the most efficient have compatibility for your online business; that’s why, on this article, we’ve appeared into the highest 5 Expensify choices that can assist you select the most efficient one.
One issue that’s essential to believe is how neatly your expense control platform integrates along with your company go back and forth control gadget. Having the 2 platforms be in contact seamlessly with each and every different lets you have a birdseye evaluate of all related go back and forth and expense information, get real-time updates on go back and forth spend, and ensure everybody’s impulsively reimbursed for his or her out-of-pocket bills.
Agenda a demo nowadays to peer how TravelPerk can streamline go back and forth bills and make industry go back and forth more effective for everybody.
