Abacus vs Expensify Comparison

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Abacus

Expense Management Software

4.5 342 user ratings

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98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Expensify

Expense Management Software

4.6 4,128 user ratings

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Shoeboxed

Expense Management Software

4.5 181 user ratings

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Pleo

Expense Management Software

4.8 1,469 user ratings

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Overview

Description

When it comes to real-time expense management, Abacus is one of the most frequently pronounced names in the industry. Abacus uses data and behavioural analytics to create expense reports and helps you to automate the entire reimbursement process. It offers real-time monitoring of all the expenses being made by the employees. This proves to be a helping hand in implementing the company’s policy and keeping the users in compliance with it. The expenses can be analysed side by side with the budget in order to keep them in check. Abacus uses artificial intelligence to separate out expenses that violate the company’s policy, exceeding the budget limit and are potentially fraudulent in nature. This makes the approval process much easier than one can expect. The expenses are drafted using receipts that can be uploaded right from the application. Apart from this, it also integrates credit cards and tracks all the relevant transactions being made using it. Read more

Expensify is a US-based software company that offers expense management software for both individual and group use. The products are available as a web service that can be used with any computer browser and comes in the form of mobile application as well. It carries all essential functionality like allowing employees/user to upload receipts and request reimbursement. All expenses are recorded automatically, which in turn, are used to prepare expense reports based on the projects, types of expenses, etc. One can approve reimbursement directly from the software without any need to use a third-party money transfer application. The app tracks every expense incurred on food, travel, fuel, etc and uses artificial intelligence to extract information such as merchant’s name and date of expense from the uploaded receipt. Moreover, it also allows users to download their respective expense report. Expensify integrates with applications like Xero, Workday, Intacct and a few more. The company also has several partners like Uber, TripActions and Locomote that enable the user to automatically import expenses incurred for taking services from these partner companies. Read more

Shoeboxed is a compact receipt scanning and expense tracking software, helping out users turn receipts into data within no time. Receipts generated via Shoeboxed are clearly categorised, legibly scanned and easy to locate as well, ready for audit on the go. Moreover, precise scanning technology and inbuilt OCR/human data verification metrics are incorporated within the same, archiving and digitising individual receipts within a unified cum secured location. The collected receipts are thoroughly verified by professionals and then segregated into different categories/fully searchable documents on the go. An exclusive Magic Envelop service, helps users to get rid of paper piles by dumping them over mails and Shoeboxed gets them transformed into digitalised data in no time. For detailed expense reports both mobile device and web interface can be relied upon. Shoeboxed promises real-time integration with a variety of external platforms like Evernote, Wave, QuickBooks, HP, RightSignature, GoDaddy and more. Read more

Pleo us an advanced expense management solution that offers smart business cards that automate expenditure reports and make business spending easier. It lets you provide each employee with a corporate ID card and set spending restrictions for each user individually. With Pleo, you can create Pleo cards with restrictions for your employees with a single click and you can immediately disable or enable them. The platform automates cost management so you and your team can focus your time and resources on the things that matter most. It keeps track of all of your team's spending in real time. Furthermore, it enables the admins to view all recurring software expenses in one location, allowing your staff to pay only for the tools they use. Pleo allows the users to be free of expenditure reports, stacks of receipts, and swapping business cards. It can be used to pay for the tools and services that your company needs and you can check out what everyone is signing up for too with Pleo. Pleo can be integrated with your accounting software. Read more

Pricing Options

Free Trial Available
Starts at $9.0. Offers Custom plan.

Free Trial Not Available
Starts at $5.0. Offers Free-forever plan.

Free Trial Available
Starts at $18.0.

Free Trial Not Available
Pleo Offers Free-forever and Custom plan.

SW Score & Breakdown

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

97%
Momentum

65%
Popularity

95%

93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

92%
Reviews

90%
Momentum

70%
Popularity

89%

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

93%
Reviews

88%
Momentum

73%
Popularity

93%

Features

Total Features	12 Features	14 Features	11 Features	11 Features
Common Features for All	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 9 More - Show Less	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 11 More - Show Less	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 8 More - Show Less	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 8 More - Show Less

Technical Details

Organization Types Supported	Not available	Individuals Freelancers Large Enterprises Medium Business Small Business	Individuals Freelancers Large Enterprises Medium Business Small Business	Individuals Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	Not available	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Not available	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support		Available	NA	NA

Reviews & Ratings

User Rating	4.5/5 342 user ratings	4.6/5 4,128 user ratings	4.5/5 181 user ratings	4.8/5 1,469 user ratings
Rating Distribution	Excellent 61.7% Very Good 27.8% Average 9.6% Poor 0.3% Terrible 0.6%	Excellent 70.5% Very Good 22.9% Average 3.7% Poor 0.7% Terrible 2.2%	Excellent 61.3% Very Good 28.2% Average 7.7% Poor 1.7% Terrible 1.1%	Excellent 88.4% Very Good 9.2% Average 0.3% Poor 0.4% Terrible 1.7%
User Sentiments	Easy to use Interface, Fast Reimbursements, Mobile App Functionality, Seamless Expense Tracking Occasional Bugs, Limited Receipt Upload Options, Customer Support Issues, Lack of Advanced Features	Easy to Use Interface, Receipt Scanning Accuracy, Mobile App Functionality, Fast Reimbursements Inconsistent Smartscan Feature, Confusing Expense Reporting System, Limited Credit Card Compatibility, Unreliable Mobile App Performance	Ease of receipt uploads, Receipt organization and categorization, Accurate data extraction from receipts, Mobile app convenience Slow processing times for receipts, Occasional bugs and glitches, Inaccurate data extraction in some cases, Limited features in the free version	Excellent Customer Service, Easy to Use Interface, Extensive Integrations, Time-Saving Efficiency Occasional App Instability, Limited Offline Functionality, Inconsistent Receipt Fetching, Limited Card Acceptance In Specific Locations
Review Summary	Many users find Abacus straightforward and easy to use, praising its intuitive interface and user-friendly design. However, some reviewers express dissatisfaction with its limited reporting capabilities, lack of integration with other systems, and occasional glitches or bugs. While Abacus is lauded for its strong data security and customer support, there are concerns regarding its pricing structure, with some users feeling it is overpriced or lacks flexibility. Overall, while Abacus is generally well-received for its ease of use and security, it could benefit from expanded reporting features, improved integration options, and a more competitive pricing strategy.	Overall, Expensify garners praise for its user-friendly interface, robust expense tracking capabilities, and seamless integration with various accounting software. Reviewers appreciate its mobile app for its convenience and real-time expense capture. However, some users express concerns regarding occasional glitches and limited customization options. Expensify's customer support receives mixed feedback, with some users commending their responsiveness, while others encounter delays and unsatisfactory resolutions. Overall, Expensify is viewed favorably for its ease of use and expense management features, but it could benefit from enhanced customization and more consistent customer support.	Shoeboxed users generally appreciate its ease of use, time-saving features, and accurate data capture. The mobile app is praised for its convenience and the ability to quickly scan and upload receipts. However, some users report occasional syncing issues and suggest improvements to the user interface for better organization. They also express a desire for more robust reporting capabilities and seamless integration with accounting software. Overall, users find Shoeboxed helpful for managing receipts and tracking expenses, but some areas need improvement to enhance user experience and functionality.	Users appreciate Pleo's user-friendly interface, ease of use, and ability to streamline expense management. They find it particularly helpful for tracking and categorizing expenses, setting spending limits, and generating reports. Additionally, Pleo's integration with various accounting and financial tools is highly valued. However, some users have mentioned occasional technical glitches and a limited range of features compared to more comprehensive expense management solutions. Overall, Pleo is well-received for its user-friendly design, efficient expense tracking, and integration capabilities.
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Pricing

Pricing Options	Free Trial Available Starts at $9.0. Offers Custom plan.	Free Trial Not Available Starts at $5.0. Offers Free-forever plan.	Free Trial Available Starts at $18.0.	Free Trial Not Available Pleo Offers Free-forever and Custom plan.
Pricing Plans Monthly Plans Annual Plans	Starter $9.00 $9.00 per user / month Professional Custom Enterprise Custom	Free Free Collect $5.00 $10.00 per user / month Control $18.00 $18.00 per user / month Track (Individuals & Self Employed) Free Submit (Individuals & Self Employed) Free	Startup $18.00 $22.00 per month Professional $36.00 $45.00 per month Business $54.00 $67.00 per month	Free Free Pro Others Premium Custom
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Alternatives

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