Streamlined expense administration is a vital aspect of the monetary well being of any group, so having the proper expense administration software program answer is vital. Expensify is one instance – however there are numerous alternate options to it.
And since journey bills make up an vital a part of companies’ general bills (and with the enterprise journey trade anticipated to succeed in $2 trillion by 2028) many corporations are utilizing comprehensive journey administration options like TravelPerk to profit from their company journey program and handle their budgets effectively.
Given that each expense administration software program and journey administration platforms are important instruments for a lot of companies,, it’s vital to make it possible for 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, however it won’t be the proper match for everybody. In this text, we’ll evaluate the 5 greatest Expensify alternate options, together with detailed details about their most vital options and buyer evaluations.
1. Divvy
Divvy is a SaaS platform for expense administration that offers companies entry to a variety of monetary companies and credit score. It’s constructed for small and mid-sized enterprises (SMEs) and was not too long ago bought by BILL, a monetary automation firm.
It’s free to make use of, which makes it a very enticing possibility for companies on a good funds.
Divvy’s key options embody:
- An intuitive dashboard that offers 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
- Real-time monitoring and management of your organization’s budgets and spending
- Automatic reconciliation of credit score statements into your accounting system
- Easy-to-use digital playing cards to guard your organization in opposition to fraud
G2 score: 4.5/5
Capterra score: 4.7/5
Pricing: Free
Languages supported: English
(Info checked on January 30, 2023).
Expensify vs. Divvy
On G2, the 2 corporations have the identical international score, 4.5/5. Customers discovered Divvy considerably simpler to arrange and use, and rated its customer support larger, however the variations aren’t drastic: each platforms’ scores are above 8/10 throughout all classes. Currency conversions and worker reimbursements had been simpler with Expensify, which additionally scored higher at assembly customers’ necessities.
On Capterra, Divvy’s general score is healthier than that of Expensify (4.7/5 vs. 4.4/5). Feature-wise, each options are ranked equally. Customers discovered Divvy’s buyer help to be wonderful 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 proper instruments for higher spend administration and expense monitoring. It provides company bank cards with a sexy cashback of 1.5%, which helps corporations save on bills, and allows super-fast invoice funds.
Ramp is geared in direction of small and mid-sized companies (SMBs) and mid-market enterprises. Similar to Divvy, it’s free as its income comes from service provider charges.
Ramp’s key options embody:
- Streamlined expense administration with digitized approval and spend insurance policies
- Physical 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
- Efficient accounting automation serving to you be totally compliant and audit-ready always
- Super quick invoice funds through card, automated clearing home (ACH), examine, or wire transfers
- Detailed expense experiences and real-time evaluations of out-of-policy bills
- Easy integrations with 1000+ software program apps, similar to accounting platforms (similar to Xero, Oracle Netsuite, and QuickBooks Online), ERP software program, productiveness and mission administration apps, and extra
G2 score: 4.7/5
Capterra score: 4.9/5
Pricing: Free
Languages supported: English
(Info 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 general score can be larger: 4.7/5 vs. 4.5/5 for Expensify. Ramp additionally scored higher by way of buyer help and normal product path.
The two instruments have an analogous characteristic profile on Capterra, however Ramp’s general score of 4.9/5 make it one of many 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 fewer clients are prone to suggest it: 76.5%.
Ramp doesn’t but have an Android software however it has already launched one for iOS. Expensify has an iOS app (that has a score of 4.7/5 with over 121k evaluations) 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 answer that’s appropriate for startups and bigger enterprises alike and helps them streamline monetary reporting, compliance, and management.
Airbase’s key options embody:
- Real-time visibility and reporting on all spend for improved funds administration and bookkeeping
- Automated, intuitive spend management and approval workflows and processes
- Virtual and bodily bank cards to guard the corporate in opposition to fraud and management spending
- Multi-currency funds and playing cards to facilitate journey expense administration
- Instant 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 Online, and extra)
G2 score: 4.8/5
Capterra score: 5/5
Pricing: Free Essentials plan (as much as 10 staff), quote-based pricing for his or her Growth and Enterprise plans
Languages supported: English
(Info checked on January 31, 2023).
Expensify vs. Airbase
Based on buyer evaluations 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 path. Airbase’s general score can be larger: 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 Windows.
4. Brex
Brex is a SaaS firm that gives an built-in expense administration answer and easy-to-use company playing cards. It’s geared in direction of startups and small companies and huge enterprises alike, offering custom-made monetary administration options based mostly on their wants.
Some of Brex’s high options are:
- An all-in-one cloud-based monetary administration answer that scales with your small business
- Flexible spend limits for various classes and desires
- Easy entry to company playing cards and enterprise accounts
- Tracking of burn fee and complete runaway forecasts for startups
- Fast, safe funds to service suppliers, freelancers, and companions through ACH, wire transfers, or card funds
- Automatic 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
(Info checked on January 31, 2023).
Expensify vs. Brex
Brex has a barely larger 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 help, and sensible categorization. Expensify is healthier at mileage monitoring and worker reimbursement, in response to reviewers.
Expensify is the extra feature-rich answer of the 2, in response to Capterra, however general scores are comparable (4.4/5 for Expensify vs. 4.5/5 for Brex). Both are accessible on a cellular machine through their cellular apps.
5. ExpensePoint
ExpensePoint is an expense administration and reporting software program answer 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.
Among ExpensePoint’s high options and functionalities, you’ll discover:
- An automated evaluation and approval course of
- Smart merchandise categorization and reconciliation
- Streamlined worker reimbursement and digital receipt administration
- The chance to import and sync bank card transactions from Visa, MasterCard, Amex
- Online and offline entry through the cloud and desktop variations of the app
- A cellular 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 monthly
Languages supported: Arabic, Czech, German, English, French, Hindi, Italian, Japanese, Korean, Dutch, Portuguese, Spanish, Chinese (Simplified)
Expensify vs. ExpensePoint
ExpensePoint has a greater general score on G2, in comparison with Expensify (4.8 vs. 4.5) and, in response to evaluations, is healthier at assembly person necessities and at offering help. It additionally performs higher by way of 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.
According to Capterra, each platforms carry out equally effectively by way of accessible options however clients are happier with ExpensePoint’s customer support and ease of use.
Conclusion
In the identical manner that forward-thinking corporations are now not counting on journey businesses however are as a substitute utilizing devoted platforms like TravelPerk to handle their company journey, they’re now not utilizing Excel spreadsheets to trace and oversee their bills however are counting on automated expense administration software program.
Expensify is one such answer, and though many customers prefer it, it won’t be the most effective match for your small business; that’s why, on this article, we’ve seemed into the highest 5 Expensify alternate options that will help you select the most effective one.
One issue that’s vital to think about is how effectively your expense administration platform integrates together with your company journey administration system. Having the 2 platforms talk seamlessly with one another allows you to 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 right this moment to see how TravelPerk can streamline journey bills and make enterprise journey easier for everybody.