When selecting an expense administration platform – which is a essential ingredient of your software program stack – it’s necessary to choose a device that meets all of your groups’ wants.
For many corporations, journey bills make up a big portion of a companies’ complete bills. In 2021, it was estimated that enterprise vacationers spent greater than $740 billion worldwide – so, to optimize journey spend, many corporations are utilizing a contemporary journey administration answer like TravelPerk, and prioritzing an expense administration device that seamlessly integrates into their company journey software program, too.
Brex is a SaaS firm that provides company bank cards and spend administration software program to startups and bigger tech corporations to facilitate accounting, budgeting, and spend administration.
Brex won’t be the very best answer for everybody, although. So, on this article, we’ll look into the 5 greatest Brex options and offer you extra particulars about every one.
Let’s dive in.
1. Divvy
Divvy is an all-in-one expense administration answer geared in the direction of small and mid-sized enterprises (SMEs) and offers them entry to each banking providers and enterprise credit score.
Divvy is free to make use of – its income comes from service provider charges – making it a budget-friendly answer, too. It was just lately acquired by BILL, a monetary automation software program firm for SMEs.
Here are a few of Divvy’s options:
- A complete dashboard enabling you to see and overview all bills in actual time
- Virtual cost playing cards that simplify eCommerce purchases and shield towards overspending and fraud (by conserving actual card numbers hidden)
- Automated expense reviews, receipt matching, and rule-based auto-categorization
- Automated reconciliation between credit score statements and your expense administration system
- Real-time visibility of all of your firm spending in a single place
- Intelligent accounts payable (AP) software program that helps save time by automation
- A cell app that allows you to handle spending, budgets, and digital playing cards on the go
G2 score: 4.5/5
Capterra score: 4.7/5
Pricing: Free
Languages supported: English
(Info checked on January 26, 2023).
Brex vs. Divvy
On G2, Brex has a barely larger score (4.7/5 vs. 4.5/5 for Divvy). Their scores by class are very related, each options faring very effectively throughout the board (9+/10 for almost all classes), with Brex scoring barely larger by way of ease of use and ease of setup and Divvy being thought of as the higher enterprise associate total. Divvy provides foreign money conversions, too, which Brex doesn’t.
The comparability between the 2 on Capterra paints a barely completely different image, with Divvy being acknowledged because the extra feature-rich answer that clients usually tend to advocate to others. Overall, each platforms appear to be providing a service that shoppers are proud of.
2. Ramp
Ramp is a company card and expense administration platform that companies use to regulate their spending, optimize budgets, and streamline enterprise banking.
Ramp gives monetary providers to corporations of all sizes, from small companies and startups to medium and huge enterprises, and, equally to Divvy, is free to make use of.
Here are a few of Ramp’s high options:
- Unlimited bodily and digital company playing cards with a 1.5% cashback
- Automated expense administration, good categorization, and expense reviews
- Automated overview of each expense in real-time, flagging out-of-policy objects for inspection
- Fast invoice funds through card, automated clearing home (ACH), verify, or worldwide wire transfers
- Accounting automation enabling you to streamline bookkeeping and shut your books quicker
- 1000+ integrations to different enterprise software program instruments, together with accounting software program (reminiscent of Xero and FastBooks Online), productiveness apps, ERP software program, HRIS instruments, and extra
G2 score: 4.7/5
Capterra score: 4.9/5
Pricing: Free
Languages supported: English
(Info checked on January 26, 2023).
Brex vs. Ramp
Brex and Ramp appear to be on par with one another throughout most classes in G2’s comparison device, with Ramp scoring barely larger by way of ease of setup and ease of admin, in addition to the final product path.
In Capterra, Ramp appears to have extra options than Brex, making it probably extra versatile for various enterprise wants. It’s additionally acknowledged as a high performer in Expense Report Software and Spend Management Software for 2022.
3. Airbase
Airbase is a SaaS spend administration platform that consolidates all workflows and processes for all non-payroll spend for startups and bigger enterprises alike, making the work of finance groups and enterprise homeowners simpler.
It combines three core functionalities – invoice funds, a company card program, and worker expense reimbursements – to simplify compliance, threat administration, and monetary management.
Here are the highest options of Airbase:
- A single automated spend platform to switch complicated guide processes
- Full visibility and management over all non-payroll spending
- Easy compliance administration and retrieval of documentation for audits
- Physical and digital company playing cards you possibly can reimburse simply, permitting for granular spend management
- Silicon Valley Bank (SVB) and American Express (AMEX) card program integration
- A consolidated cost platform for all invoice funds: playing cards, ACH, checks, vendor credit, and wire transfers
- Easy 3-way matching of invoices to cut back monetary threat
G2 score: 4.8/5
Capterra score: 5/5
Pricing: Free Essentials plan (as much as 10 workers), quote-based pricing for his or her Growth and Enterprise plans
Languages supported: English
(Info checked on January 26, 2023).
Brex vs. Airbase
On G2, Airbase is performing barely higher than Brex throughout most classes, though the 2 have very related scores (9+/10 for many standards). Airbase fares a bit higher in assembly shoppers’ necessities and its buyer assist is healthier rated however Brex is less complicated to arrange and use, in accordance with the scores.
On Capterra, Airbase is healthier rated by way of options and total buyer satisfaction and can also be a high performer within the Procurement software program class for 2022.
4. Expensify
Expensify is a SaaS funds utility enabling companies, freelancers, and people to handle their cash higher.
It goals to make receipt scanning, reconciliation, and expense reviews less complicated to offer admin workers with customizable expense insurance policies and facilitate the approval course of. It robotically syncs with the accounting system you’re utilizing and makes it simpler to shut your books and handle your group’s bills.
Here are among the key options of Expensify:
- One-click receipt scanning and computerized expense categorization
- Easy-to-setup approval workflows with the choice so as to add a number of approval ranges
- Easy bank card import and checking account integration for computerized receipt merging and reconciliation
- A digital or bodily Expensify company bank card with 1% to 4% cashback
- Real-time compliance and fraud safety
- A cell app that you should utilize to approve reviews and get real-time visibility into bills on the go
G2 score: 4.5/5
Capterra score: 4.4/5
Pricing: Free plan, Collect at $5/consumer monthly, Control at $9/consumer monthly
Languages supported: English
(Info checked on January 26, 2023).
Brex vs. Expensify
According to the info out there on G2, Brex performs barely higher in most classes, reminiscent of ease of use, receipt seize, API integrations, and efficiency and reliability. Expensify scores higher for the classes of worker reimbursement, foreign money conversions, and mileage monitoring, amongst others.
According to Capterra, Expensify has extra options than Brex however a barely decrease total rating (4.4/5 in comparison with 4.5/5 for Brex).
5. Zoho Expense
Zoho Expense is part of the Zoho suite, which incorporates Zoho CRM, Zoho Desk, Zoho Books, and extra. It’s a journey and expense administration answer that caters to companies of all sizes and helps them streamline expense reporting and higher management company spend.
Here are a few of Zoho Expense’s high options:
- Automated expense reporting from A to Z to simplify approvals and pace up reimbursements
- The chance so as to add firm credit score and debit playing cards for simpler expense monitoring and checking account reconciliation
- Comprehensive buy requests and approvals, which facilitate the work of procurement groups
- 25+ analytics reviews on bills, journey, playing cards, reimbursements, and extra
- Customizable insurance policies, expense guidelines, and budgets for higher spend management
- Streamlined compliance administration enabling you to remain compliant with native tax legal guidelines
G2 score: 4.5/5
Capterra score: 4.6/5
Pricing: Free, Standard ($3/consumer monthly), Premium ($5/consumer monthly), and Enterprise ($8/consumer monthly) plans
Languages supported: German, English, French, Italian, Japanese, Portuguese, Spanish, Chinese (Simplified)
(Info checked on January 26, 2023).
Brex vs. Zoho Expense
On G2, Brex performs higher than Zoho Expense throughout most classes, though the distinction is usually minimal. Some customers complain about Brex’s lack of transparency, whereas others reward the benefit with which they’ll add receipts and submit bills for reimbursement.
On Capterra, Zoho Expense performs higher by way of out there options, whereas their total score may be very related (4.5 for Brex and 4.6 for Zoho Expense).
Conclusion
Brex is an effective alternative for expense administration, however relying in your actual wants and necessities, you is likely to be higher served by considered one of its opponents. Hopefully, this text will allow you to make the proper alternative!.
And, in case your workers are touring for enterprise, you additionally must be sure you have the proper journey administration answer, reminiscent of TravelPerk, so to streamline and automate journey and expense administration.
TravelPerk is designed to suit seamlessly into your present tech stack and you’ll simply combine it with all the opposite programs you’re utilizing. And, what’s extra, with our FlexiPerk characteristic, you get to vary plans and cancel journeys as much as 2 hours earlier than departure and get 80% of your a refund, whereas with GreenPerk, you possibly can offset the carbon footprint of your online business journey program.
Schedule a demo in the present day to see how TravelPerk can simplify enterprise journey for you and enhance the journey expertise from A to Z.