Streamlined expense administration is a vital ingredient of the monetary well being of any group, so having the best expense administration software program answer is vital. 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’ general bills (and with the enterprise journey business anticipated to achieve $2 trillion by 2028) many corporations are utilizing complete journey administration options like TravelPerk to take advantage of their company journey program and handle their budgets effectively.
On condition that each expense administration software program and journey administration platforms are important instruments for a lot of companies,, it’s essential to be sure that any new software program you select, seamlessly integrates into your present tech stack.
Expensify is likely one of the hottest expense administration methods on the market, but it surely may not be the right match for everybody. On this article, we’ll evaluate the 5 greatest Expensify alternate options, together with detailed details about their most essential options and buyer evaluations.
1. Divvy
Divvy is a SaaS platform for expense administration that offers companies entry to a variety of monetary providers 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 engaging possibility for companies on a decent finances.
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 measurement of your organization
- Automated expense administration and detailed expense stories
- Actual-time monitoring and management of your organization’s budgets and spending
- Computerized reconciliation of credit score statements into your accounting system
- Simple-to-use digital playing cards to guard your organization in opposition to fraud
G2 ranking: 4.5/5
Capterra ranking: 4.7/5
Pricing: Free
Languages supported: English
(Information checked on January 30, 2023).
Expensify vs. Divvy
On G2, the 2 corporations have the identical international ranking, 4.5/5. Prospects 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. Forex conversions and worker reimbursements had been simpler with Expensify, which additionally scored higher at assembly customers’ necessities.
On Capterra, Divvy’s general ranking is best than that of Expensify (4.7/5 vs. 4.4/5). Characteristic-wise, each options are ranked equally. Prospects discovered Divvy’s buyer help to be glorious however talked about that the platform might 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 best instruments for higher spend administration and expense monitoring. It provides company bank cards with a beautiful 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. Much like 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
- 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 totally compliant and audit-ready always
- Tremendous quick invoice funds through card, automated clearing home (ACH), test, or wire transfers
- Detailed expense stories and real-time evaluations of out-of-policy bills
- Simple integrations with 1000+ software program apps, corresponding to accounting platforms (corresponding to Xero, Oracle Netsuite, and QuickBooks On-line), ERP software program, productiveness and mission administration apps, and extra
G2 ranking: 4.7/5
Capterra ranking: 4.9/5
Pricing: Free
Languages supported: English
(Information checked on January 30, 2023).
Expensify vs. Ramp
On G2, prospects had been notably impressed with Ramp’s ease of use and located it to be the extra user-friendly platform of the 2. Its general ranking can be larger: 4.7/5 vs. 4.5/5 for Expensify. Ramp additionally scored higher when it comes to buyer help and common product route.
The 2 instruments have an identical function profile on Capterra, however Ramp’s general ranking 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 general ranking is at 4.4/5 and fewer prospects are more likely to suggest it: 76.5%.
Ramp doesn’t but have an Android utility but it surely has already launched one for iOS. Expensify has an iOS app (that has a ranking 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:
- Actual-time visibility and reporting on all spend for improved finances administration and bookkeeping
- Automated, intuitive spend management and approval workflows and processes
- Digital 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
- Instantaneous receipt scanning through OCR expertise 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 ranking: 4.8/5
Capterra ranking: 5/5
Pricing: Free Necessities plan (as much as 10 staff), quote-based pricing for his or her Progress and Enterprise plans
Languages supported: English
(Information checked on January 31, 2023).
Expensify vs. Airbase
Based mostly 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 common product route. Airbase’s general ranking can be larger: 4.8/5 in comparison with 4.5/5 for Expensify.
On Capterra, issues look related: Airbase has a ranking of 5/5, whereas Expensify is at 4.4/5 and prospects 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 answer and easy-to-use company playing cards. It’s geared in direction of startups and small companies and huge enterprises alike, offering personalized monetary administration options based mostly on their wants.
A few of Brex’s prime options are:
- An all-in-one cloud-based monetary administration answer that scales with your small business
- Versatile spend limits for various classes and desires
- Quick access to company playing cards and enterprise accounts
- Monitoring of burn charge and complete runaway forecasts for startups
- Quick, safe funds to service suppliers, freelancers, and companions through ACH, wire transfers, or card funds
- Computerized onboarding and offboarding of staff and simple management of spend limits for newcomers
- API integrations with different enterprise software program functions corresponding to SAP Concur, Slack, Zapier, Bamboo HR, and completely different accounting options (Inuit QuickBooks, Xero, Sage Intacct, and extra)
G2 ranking: 4.7/5
Capterra ranking: 4.5/5
Pricing: Free
Languages supported: English
(Information checked on January 31, 2023).
Expensify vs. Brex
Brex has a barely larger ranking than Expensify on G2 (4.7/5 vs. 4.5/5) and performs higher in most classes, corresponding to ease of use and ease of admin, high quality of help, and sensible categorization. Expensify is best at mileage monitoring and worker reimbursement, in accordance with reviewers.
Expensify is the extra feature-rich answer of the 2, in accordance with Capterra, however general scores are related (4.4/5 for Expensify vs. 4.5/5 for Brex). Each are accessible on a cell system through their cell 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, because of 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 stories on the go
G2 ranking: 4.8/5
Capterra ranking: 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 general ranking on G2, in comparison with Expensify (4.8 vs. 4.5) and, in accordance with evaluations, is best at assembly person necessities and at offering help. It additionally performs higher when it comes to ease of setup, use, and administration, and its expense stories are simpler to create. Expensify is the higher possibility for bank card integrations and digital receipt administration.
In line with Capterra, each platforms carry out equally nicely when it comes to out there options however prospects 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 an alternative 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 may not 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 can assist you select the most effective one.
One issue that’s essential to contemplate is how nicely 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 knowledge, 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 the moment to see how TravelPerk can streamline journey bills and make enterprise journey easier for everybody.
