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Showing 1 - 20 of 97 Products

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 logo
Be it an individual or a corporation, Expensify caters the need of all sorts 4.6 Based on 4395 Ratings
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What is Expensify and how does it work?

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.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 96%
  • Momentum 72%
  • Popularity 95%

Expensify Pricing

  • Free Trial Not Available
  • Starts at $5.00. Offers Free-forever plan.
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Receipt Bank logo
A bookkeeping platform for accountants and bookkeepers. 4.5 Based on 1488 Ratings
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What is Receipt Bank and how does it work?

Receipt Bank is a paperless expense management platform that connects accountants, bookkeepers, and businesses all around the world. It has the highest accuracy of any cloud app when scanning critical details from papers. Your clients can send you documents in a variety of ways, including through app, email, post, and more, with Receipt Bank. They send reminders to your clients' phones regularly to assist them to stay on top of their spending. All photos and collected data are saved in the cloud in a secure and compliant manner. Client data can be exported to CSV, PDF, or published to their cloud platform, along with an image. Its practice efficiency features allow you to have a better understanding of your firm's overall performance while also saving time. You can boost productivity by devoting time formerly spent on customer paperwork to other areas of the company. Furthermore, you will be able to engage with your client frequently about their business via in-app live discussion on specific things supplied and costs.

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Receipt Bank Pricing

  • Free Trial Available
  • Offers Custom plan.
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82% 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

Tricount logo
Expense sharing made effortless 4.7 Based on 6 Ratings
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What is Tricount and how does it work?

Tricount is a financial solution facilitating collaborative expense management. It is a perfect and handy tool for vacations and trips with friends as users get to categorise expenses into various activities of their choice besides calculating each party’s balance to ensure an equal distribution of funds. Tricount is a simple and transparent platform that caters to friends, couples, travellers, roommates and such. This intuitive financial solution is laden with a variety of features that deliver a wholesome financial experience to its users in real-time. With key features like collaboration, Tricount lets users join from anywhere, upload expenses and stay updated from time to time. For an enhanced experience, this platform promises adequate support in multiple currencies, enabling users to convert all expenses in their preferred currencies. Moreover, with the ability to upload receipts, Tricount makes expense management super easy. Apart from these, other exclusive features like expense splitting, offline functioning, expense and transfer tracker, along with account export makes expense management effortless and stress-free.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 80%
  • Reviews 79%
  • Momentum 62%
  • Popularity 83%

Tricount Pricing

  • Free Trial Not Available
  • Offers Custom plan.
Start Free Trial Get Buyer Checklist

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

Webexpenses logo
Enables you to manage your expenses digitally 4.3 Based on 1259 Ratings
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What is Webexpenses and how does it work?

Webexpenses is a travel and expense management software that offers its users a system to manage their expenses digitally. With the help of its expense management option, users can track their expenses easily. Along with this, it also helps users to build their claims within seconds. The application comes with advanced workflow and control alongside ERP integration, which makes it more user friendly. Users can also utilize the provided business tools like airline discounts and missed travel recouping for booking or managing their corporate travels. Besides this, the software enables its users to process their invoices by using the account payable automation option. Thus, it helps to eliminate the stress of paper-chase and manual data entry. The software also has the options for online transactions and reimbursement, which can help its users to transfer funds throughout the world. Additionally, there is another option to audit the expenses which contribute supplementary protection to the software's automatic checks and lower the risks of overpaying.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 89%
  • Momentum 61%
  • Popularity 83%

Webexpenses Pricing

  • Free Trial Not Available
  • Starts at $3461.00. Offers Custom plan.
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89% 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

Circula logo
Intelligent Expense Management Tool for Organizations 4.7 Based on 555 Ratings
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What is Circula and how does it work?

Circula is an expense management solution for modern organizations, which uses intelligent automation and provides exceptional usability to track the company expenses. Artificial intelligence and integration with other systems helps to save manual labour and consequently saving time. It is a 100% digital system, which enables de-central, efficient, and sustainable collaboration. IDW PS 880 proof compliance required by German and international tax regulations can be easily covered by this software. Circula’s intuitive mobile and web app works in five steps. First, the solution is implemented within one day. The employees can then submit their data through the app and the data is then extracted. As per the approving process, the supervisors can approve the submitted expenses. The accountants can then control and modify the submitted expenses. Finally, the processed expenses can be exported straight into the accounting system. Individual features for employees, supervisors, and accountants makes it a complete solution at all levels of the organization.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 89%
  • Reviews 80%
  • Momentum 68%
  • Popularity 82%

Circula Pricing

  • Free Trial Available
  • Offers Custom plan.
Start Free Trial Get Buyer Checklist

92% 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

Expensya logo
Experience automated financial management for your business 4.6 Based on 192 Ratings
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What is Expensya and how does it work?

Expensya is an automated expense management tool that helps companies’ monitor daily expenses, administrative costs, office-related tasks and so forth. It delivers a seamless experience for financial management, handling major tasks without burdening the users. Expensya is a dependable platform that is used by over 5,000 customers, including top brands like Groupe BPCE, TLD, H&M, Volvo, among others. With cleverly designed features to ensure smooth finance management, Expensya equips companies with a comprehensive expense management procedures. Its self-learning OCR+ technology and automated expense management tool simplifies budgeting processes in real-time besides eliminating manual entries. Moreover, integrated travel modules equipped within the same delivers a fluid travelling experience in real-time. With multi-lingual and multi-currency management features, Expensya enables users to increase the overall conversion process and understand local currency rates in a seamless manner. Furthermore, freelancers, enterprises, SMEs and startups can depend on Expensya to gain access to intuitive functionalities like complete integration, secure dematerialisation, automated accounting and expert support, among others.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 96%
  • Reviews 79%
  • Momentum 71%
  • Popularity 90%

Expensya Pricing

  • Free Trial Available
  • Offers Custom plan.
Start Free Trial Get Buyer Checklist

79% 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

Acubiz EMS logo
Digital Expense Management 4.4 Based on 41 Ratings
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What is Acubiz EMS and how does it work?

Acubiz Corporate makes registration and handling of employees’ business-related expenses lifted to a whole new level of efficiency. Digital Expense Management and approval flows also on your mobile. Big surprises at the end of the month belong to the past. With a real-time overview, you can keep track of your employees expenses and the benefits are substantial for the entire organization. Acubiz is designed specifically for admin users and the finance department. It’s also possible to create and maintain a chart of accounts, dimensions, and users as well as carry out exports of data.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 85%
  • Reviews 78%
  • Momentum 60%
  • Popularity 62%

Acubiz EMS Pricing

  • Free Trial Not Available
  • Offers Custom plan.
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92% 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

Emburse Abacus logo
Expense reporting in real time 4.6 Based on 1110 Ratings
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What is Emburse Abacus and how does it work?

Emburse Abacus is a budgeting platform that enables you to automate how you repay your employees, reconcile corporate credit cards, and put your expenditure policy into action. It offers real-time data that helps you make more confident judgments while authorizing, spending or reviewing corporate spend, budgets, and return on investment. With Emburse Abacus, you can concentrate your efforts on costs with exceptions to increase your efficiency. Abacus flags costs that are in violation of rules, are nearing budget, include mistakes, or may be fraudulent. To guarantee that records are thorough and accurate, Abacus prepares expenditures using trusted data sources like receipts and card transactions. To avoid infractions, policy guidelines are implemented before costs are reported with Emburse Abacus. The platform enables you to create bespoke reports based on real-time data to aid with trend detection and budget management. Abacus adapts to your organization's changing structure, allowing you to fine-tune the granularity of rules, approval procedures, and data you manage. Additionally, you can set a daily, weekly, or monthly spending limit, as well as limits on when a card can be used.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 98%
  • Reviews 90%
  • Momentum 62%
  • Popularity 80%

Emburse Abacus Pricing

  • Free Trial Not Available
  • Starts at $9.00. Offers Custom plan.
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71% 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

Spendid logo
Effective Expense Tracker & Budgeting App Write a Review
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What is Spendid and how does it work?

Introducing Splendid—a game-changing solution in the world of expense tracking and budgeting. This exceptional tool is meticulously crafted with customers convenience in mind, ensuring that managing customers finances becomes a breeze. With Splendid, say goodbye to outdated apps and embark on a journey towards financial freedom and control.Splendid understands the needs of the modern professional, allowing effortlessly to handle customer expenses anytime, anywhere, even when offline. No longer will find yourself at the mercy of unreliable internet connections or clunky software. With Splendid, were always in control, making informed financial decisions with ease.Countless professionals have already experienced the transformative power of Splendid in their financial lives. They have embraced the ease of use, the intuitive design, and the comprehensive features that Splendid offers. Now it's customer turn to join them on this journey towards financial empowerment. So,ready to take control of finances and say goodbye to outdated apps? Splendid is the ticket to enhanced financial management, providing customers with the tools that need to succeed in today's fast-paced world. Experience the convenience, power, and security of Splendid today, and unlock a whole new level of financial freedom.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 71%
  • Reviews 60%
  • Momentum 62%
  • Popularity 62%

Spendid Pricing

  • Free Trial Not Available
  • Starts at $17.95.
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89% 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

Expense On Demand logo
The best app for reporting expenses 3 Based on 1 Ratings
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What is Expense On Demand and how does it work?

Expense on Demand is an expense management platform that enables you to record all of your spending in real time online. It allows you to create expense policies and/or pre-approvals to efficiently manage your spendings and profits. With Expense on Demand, you can import and complete your credit card transactions in a matter of seconds. You can set up projects in relation to customers and cost centers. You can manage, integrate, and automate business operations throughout your organization using ExpenseOnDemand. The platform provides a world-class online expense report program for companies to manage employee spending in a paperless environment. You can claim and approve costs from your mobile device at any time and from anywhere. The platform just takes a few minutes to set up, and you can add new features at any moment to meet your individual needs. ExpenseOnDemand takes a proactive approach to business and social responsibility, and it actively assists the areas in which it operates. ExpenseOnDemand donates a part of its profits to charitable organizations so if you purchase the app, you help the needy too.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 95%
  • Reviews 79%
  • Momentum 61%
  • Popularity 87%

Expense On Demand Pricing

  • Free Trial Available
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82% 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

Capture Expense logo
Expense Management Software Write a Review
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What is Capture Expense and how does it work?

Capture Expense is a simple but sophisticated expense management software that combines reimbursements,  bills, and credit card transactions in one easy-to-use platform. Allow your people to raise, submit, and approve expenses at any time, from any location, through the Capture Expense app and streamline how your organization manages spending. Tailored to meet your specific business needs, it provides you with the tools to effectively oversee and manage your finances, allowing you to take control and enhance your financial success. Take control of your organization’s finances with Capture Expense, the ultimate expense management software for simplifying corporate spending and boosting your bottom line.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 92%
  • Reviews 60%
  • Momentum 65%
  • Popularity 68%

Capture Expense Pricing

  • Free Trial Available
  • Starts at $6.50. Offers Custom plan.
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85% 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

AppZen logo
Futuristic finance tracking system for modern teams 4.2 Based on 78 Ratings
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What is AppZen and how does it work?

AppZen is a comprehensive finance tracking software that helps businesses by automating their spending approvals and providing the rightful insights that enable them to reduce spendings, streamline processes and simplify policies. It saves users time and effort by automatically entering, matching, classifying and approving invoices for all types of spendings. Businesses can integrate the software with their pre-existing expense automation systems to audit every expense in real-time and spot waste, fraud and errors as well. AppZen comes with a Mastermind feature that allows the finance teams to make their unique corporate spend policies completely automated, achieve compliance and expense management a lot easier. The platform can also be configured as per users’ needs with the inbuilt AI-based predictions facilitating fully automated processing services. Moreover, the mastermind analytics functionality provided by AppZen also offers on-demand spend insights and benchmarks related to audited spending data in real-time. An AI-powered team intelligence system provided by the software lets team managers gain access to on-demand visibility into spendings, besides helping them decrease the approval workload and compliance enhancement.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 84%
  • Reviews 77%
  • Momentum 68%
  • Popularity 83%

AppZen Pricing

  • Free Trial Not Available
  • Offers Custom plan.
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75% 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

MoneyCoach logo
Modern Cash Tracker and Budgeting App Write a Review
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What is MoneyCoach and how does it work?

MoneyCoach is the perfect financial management tool for busy professionals. Budgeting can be a hassle, but MoneyCoach makes it easy to stay on top of finances and reduce stress. Track all cash spending with this comprehensive budget tracker that allows to control and monitor where money goes. MoneyCoach helps to manage and adjust personal budgets based on desired savings goals. This innovative budgeting system gives users clear insights into how well their financials are doing in terms of both expenses and income. With MoneyCoach, users can easily allocate funds for personal or business investments as needed - all without the headache typically associated with finance management. Take control of money and design the financial future want with MoneyCoach's intuitive tools and resources!

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 70%
  • Reviews 60%
  • Momentum 65%
  • Popularity 76%

MoneyCoach Pricing

  • Free Trial Not Available
  • Offers Free-forever plan.
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88% 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

Expend logo
Businesses manage expenses and spending 4.7 Based on 290 Ratings
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What is Expend and how does it work?

Expend is changing the way businesses manage expenses and spending. Say goodbye to multiple apps, logins, and subscriptions. Say hello to an AI-assisted future that’s free of admin and inaccurate data. Invite your accountant to support your MTD filings and reclaim more VAT. Plus, they have made it simple for accountants and managers of multiple businesses to switch between them with just one login. The Expend card provides flexibility that traditional payment cards cannot. Customize daily, weekly, monthly, yearly, and project budgets.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 96%
  • Reviews 81%
  • Momentum 63%
  • Popularity 82%

Expend Pricing

  • Free Trial Available
  • Offers Custom plan.
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90% 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

SutiExpense logo
AI based digital-financial wizard 4.4 Based on 270 Ratings
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What is SutiExpense and how does it work?

SutiExpense is an online expense management software that allows businesses to create, submit, and approve expense reports. It employs machine learning to evaluate expenditure trends and identify irregularities in corporate spending. It also works as a report software to detect fraud and automate the expense reporting process. It utilises machine learning to analyse spending patterns and spot anomalies throughout enterprise spend. Its features include a Bot as a virtual assistant that aids users with expense report creation, line-item addition, transaction addition, and expense report approval. Budget charts and analytics that show the assigned budget, the amount spent, and the amount remaining. One of its most beneficial features is the ability to create flexible approval workflows - handle expenditure reports, build up hierarchies, choose workflow types, and specify thresholds for each role/department. Also, their eSignature integration allows users to approve expense reports through multiple signing methods – Touchpad, Static Signature and Dynamic Signature. They also have a mobile application which allows users to produce, update, and manage expense reports even when they are offline. While online, any modifications made to the expense reports will be automatically updated.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 85%
  • Momentum 61%
  • Popularity 71%

SutiExpense Pricing

  • Free Trial Available
  • Starts at $6.00. Offers Custom plan.
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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

MobileXpense logo
Develop a strong financial profile without compromising on your company policies 4.7 Based on 38 Ratings
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What is MobileXpense and how does it work?

MobileXpense is a robust platform that delivers a seamless expense tracking and management system complete with automated expense input and approval workflows. It helps businesses manage their travel and global expenses effortlessly with top-notch features designed to ensure maximum cost efficiency. MobileXpense offers best-practice Travel Management facilities that let users plan and authorise their business trips by creating a budget and implementing company policies to expedite approvals. It also integrates travel agency services to ensure a smooth process. Moreover, this intuitive solution delivers a seamless expense management feature that offers a simple and easy-to-use interface lined with essential services. The SpendCatcher™ service equipped within the platform comes loaded with machine learning and infused AI facilities. Thus helping users create invoices with a single click. Furthermore, MobileXpense also helps users manage, record and submit expenses as per requirement and proceed with optimal categorisation based on legally compliant templates equipped within. Also, a variety of exclusive features like allowance, mileage, cash advance, built-in compliance and real-time notifications, are of great help.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 80%
  • Momentum 70%
  • Popularity 87%

MobileXpense Pricing

  • Free Trial Not Available
  • Offers Custom plan.
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Open Collective logo
Make your community sustainable 5 Based on 3 Ratings
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What is Open Collective and how does it work?

Community is about trust and sharing. Open Collective lets you manage your finances so everyone can see where money comes from and where it goes. Collect and spend money transparently.Money management made simple, plus great tools for community engagement, budget reporting, and fiscal sponsorship.Receive funds by credit card, Paypal, or bank transfer, and record everything in your transparent budget. Define different ways people can contribute with customizable tiers and rewards.

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Open Collective Pricing

  • Free Trial Not Available
  • Offers Free-forever and Custom plan.
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TAGGUN logo
Generate Expense Receipt in Minutes 4.8 Based on 26 Ratings
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What is TAGGUN and how does it work?

TAGGUN software is a platform used to manage automatic receipt transcription. Converts image to plain raw text with OCR engines. Processes receipts in real-time so your apps can expect accurate results. Integrate receipt OCR scanning into any websites and apps. Small, Medium and Large companies make use of the software.

TAGGUN Pricing

  • Free Trial Available
  • Starts at $699.00.
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80% 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

WellyBox logo
Automated Expense Reports 5 Based on 1 Ratings
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What is WellyBox and how does it work?

WellyBox is a powerful business receipt management solution that offers businesses an automated way to manage their back-office admin tasks. By combining the capabilities of deep learning-based engine with the power of GPT-3 and OCR, it have been able to process more documents. By making use of the latest cutting-edge technology, able to offer businesses a reliable and efficient solution that frees up time and resources. This solution helps businesses stay organized, save time, and keep their finances in order, allowing them to focus on their core business instead of manual paperwork. With WellyBox, businesses can be sure that all their receipts are securely stored and efficiently organized, giving them peace of mind and allowing them to manage their business better.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 79%
  • Reviews 65%
  • Momentum 60%
  • Popularity 79%

WellyBox Pricing

  • Free Trial Available
  • Starts at $9.00.
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80% 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

Klippa Expense Manager logo
Save time with text recognition Write a Review
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What is Klippa Expense Manager and how does it work?

Klippa Expense Management is a highly efficient expense management software for companies that want to save time on expense claim processing and set up secure approval workflows. Employees can submit business expenses 24/7 by using the mobile app, website, or email. Submitting expenses becomes as easy as taking a picture with smartphone. User can approve or reject business expenses with a few simple clicks. Decide more confidently knowing app has automatic fraud detection. Seamless integration with the accounting system enables finance to efficiently account for approved business expenses.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 91%
  • Reviews 60%
  • Momentum 63%
  • Popularity 63%

Klippa Expense Manager Pricing

  • Free Trial Not Available
  • Offers Custom plan.
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Buyer's Guide Read Buyer's Guide

Typical Features

  • Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects Time & Expense Tracking
  • Store and manage receipts of the expenses incurred by the employees. Receipt Management
  • Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Expense Approval
  • +11 more

Prices

41% software offer free trial

15% software offer freemium model

Software in Spotlight

Payhawk logo

Payhawk

4.7

Pleo logo

Pleo

4.8

Pricing Insights for Expense Management Software

  • The Average Cost of a basic Expense Management Software plan is $9 per month.

  • 41% of Expense Management Software offer a Free Trial Allows users to try out the software for a limited period before making a purchase decision. , while 15% offer a Freemium Model Allows users to access basic features at no cost..

List of Expense Management Software

PRODUCT NAME SW SCORE AGGREGATED RATINGS
Expensify Expensify 98 4.6
Receipt Bank Receipt Bank NA 4.5
Tricount Tricount 82 4.7
Webexpenses Webexpenses 93 4.3
Circula Circula 89 4.7
Expensya Expensya 92 4.6
Acubiz EMS Acubiz EMS 79 4.4
Emburse Abacus Emburse Abacus 92 4.6
Spendid Spendid 71 0
Expense On Demand Expense On Demand 89 3

Overview

In a world filled with smart devices all around us, maintaining a register to manage the expenses of your employees will be no less than antediluvian. Expense management software brings you the most advanced and efficient way to manage expenses of the organization with a high degree of automation. An expense management software incorporates every bit of modern technology available with us. The automation process of creating entries by scanning paper receipts being crucial. Most of them also allow you to track time and mileage along with the expenses. With proper integration of your accounting software and credit cards, everything can be catered on a single platform. The entries are used to generate reports, and the software itself sorts out expenses which are not in compliance with the company’s policies. This helps the approval team to approve the reimbursement requests much quicker. Finally, some of the expense management tools also offer tax claim solution to maximize the tax benefits for your organization.

Expense management software is highly useful in tracking expenses of employees in real-time and helping out the organization to obliterate extravagant costs. They offer one of the most straightforward and easy ways to add entries into the software database, which is used to prepare reports and compare them with the budget. But management doesn’t go easy. The type of software that you are looking for depends on the needs of your organization.

Said that there are also a few things that mustn't be missed out while choosing the tool of your choice.

  • Automation: If done manually, then entering details of each transaction is one of the most tedious and time-consuming tasks that one can ever do. However, the case isn’t the same with expense management software. They employ advanced technologies to create entries automatically. For utmost efficiency, you must ensure that your expense management software and built-in functionality to scan messages and receipts without using any third-party application.
  • Functional Requirements: If you are well versed with business’ operational contours, then choosing the right expense management software can be much more comfortable than thought. If the operations are limited within the domestic territory, then there is no need to look out for software with multi-currency entry feature.
  • Expense Segregation: Expenses occur in various multitudes and time intervals of a project. But the company is liable to reimburse only for some of them. The software should be able to segregate the expenses on the basis of their nature.

Features

Typical Features

Time & Expense Tracking

Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects

Receipt Management

Store and manage receipts of the expenses incurred by the employees.

Expense Approval

Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected.

Spend Control

To reduce spending and prevent unauthorized use by setting transactional control.

Reimbursement Management

Helps in managing employee expenses claims and regularize the approval process.

Third-party Integration

Offers synchronization with third-party applications

Receipt Scanner

OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.

Multiple Reporting Currency

Reports entries from different origin currencies in the native exchange rate.

Multi-level Approval

A sequential and thorough review process to approve expenses.

Reconciliation Summary

A statement prepared to report total outstanding payments and receipts.

Card Spending Tracker

Automatically tracks the expense done using a linked debit or credit card.

Mileage Tracking

Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports

Bank Feed Sync

Can sync with bank notification and fetch expenses to make entries in the record book.

Tax Claim

Helps with tax reclaim on expenses and maximizes the tax benefit of the organization.

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