The 5 finest options to Expensify in 2023

Streamlined expense administration is an important aspect of the monetary well being of any group, so having the precise expense administration software program resolution is vital. Expensify is one instance – however there are numerous options to it.

And since journey bills make up an essential a part of companies’ general bills (and with the enterprise journey trade 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 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, nevertheless it may not be the right match for everybody. On this article, we’ll evaluate the 5 finest Expensify 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 companies 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 choice 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 dimension of your organization
• Automated expense administration and detailed expense reviews 
• 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 in opposition to 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 international score, 4.5/5. Clients 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. Foreign money conversions and worker reimbursements have been simpler 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). Function-wise, each options are ranked equally. Clients discovered Divvy’s buyer help 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 precise instruments for higher spend administration and expense monitoring. It presents 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 the 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 absolutely compliant and audit-ready always
• Tremendous quick invoice funds through card, automated clearing home (ACH), examine, or wire transfers
• Detailed expense reviews and real-time evaluations of out-of-policy bills
• Straightforward integrations with 1000+ software program apps, akin to accounting platforms (akin to Xero, Oracle Netsuite, and QuickBooks On-line), ERP software program, productiveness and challenge 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 have 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 basic product route. 

The 2 instruments have an identical function 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 more likely to advocate it to others. Expensify’s general score is at 4.4/5 and fewer clients are more likely to advocate it: 76.5%. 

Ramp doesn’t but have an Android software nevertheless 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 manage 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 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 score: 4.8/5
Capterra score: 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
(Data 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 basic product route. Airbase’s general score can be larger: 4.8/5 in comparison with 4.5/5 for Expensify. 

On Capterra, issues look related: Airbase has a score of 5/5, whereas Expensify is at 4.4/5 and clients usually tend to advocate the platform to others (97.9% vs. 76.5%). Expensify has extra of the core options included in Capterra’s comparability, nevertheless, 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 the direction of startups and small companies and enormous enterprises alike, offering personalized monetary administration options based mostly on their wants. 

A few of Brex’s high options are: 

• An all-in-one cloud-based monetary administration resolution that scales with your small business
• Versatile spend limits for various classes and desires
• 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 straightforward management of spend limits for newcomers
• API integrations with different enterprise software program functions akin to SAP Concur, Slack, Zapier, Bamboo HR, and totally 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 larger score than Expensify on G2 (4.7/5 vs. 4.5/5) and performs higher in most classes, akin to ease of use and ease of admin, high quality of help, and good categorization. Expensify is best at mileage monitoring and worker reimbursement, in keeping with reviewers. 

Expensify is the extra feature-rich resolution of the 2, in keeping with Capterra, however general rankings are related (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, because of its granular reporting options, facilitates decision-making in any respect ranges. 

Amongst ExpensePoint’s high options and functionalities, you’ll discover: 

• An automatic overview and approval course of 
• Sensible 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 reviews on the go

G2 score: 4.8/5
Capterra score: 4.9/5
Pricing: $8.5/consumer per thirty 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 score on G2, in comparison with Expensify (4.8 vs. 4.5) and, in keeping with evaluations, is best at assembly consumer necessities and at offering help. It additionally performs higher by way of ease of setup, use, and administration, and its expense reviews are simpler to create. Expensify is the higher choice for bank card integrations and digital receipt administration. 

In line with Capterra, each platforms carry out equally effectively by way of obtainable options however clients are happier with ExpensePoint’s customer support and ease of use. 

Conclusion

In the identical approach that forward-thinking corporations are not counting on journey companies however are as an alternative 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 very best match for your small business; that’s why, on this article, we’ve regarded into the highest 5 Expensify options that can assist you select the very best one. 

One issue that’s essential 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 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 this time to see how TravelPerk can streamline journey bills and make enterprise journey easier for everybody.