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.
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... read more
Rydoo is an expense management software that offers automation in managing the expenses of the employees. It is suitable for corporations of all sizes. Apart from business organisations, it can also be used to manage individual expenses. It allows users/employees to scan receipts/bills of expenses... read more
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... read more
Fyle is an expense management software for modern finance teams. It helps to improve the financial productivity, cost savings, and employee satisfaction. Users can easily integrate all expenses from everyday apps such as Outlook, Gmail, Slack, etc. Data is extracted automatically from the receipts... read more
MobileXpense is a leading provider of global Travel Expense Management solutions for large multinationals and governmental organizations. MobileXpense’s uniquely flexible SaaS solution simplifies a complex and often time-consuming problem for business travelers, HR departments and accounting... read more
Expenya is a Web and Mobile app that automates expense reports management 0 manual data entry, 0 paper, and 100% mobile. With Expensya, your employees will save up to 80% of the time given to the expense reports management: their OCR+ technology enters the expenses, sending and validating reports... read more
Spendesk is a management solution that allows the company’s finance teams to manage spend approvals, company cards, invoice management, expense reimbursements, and automated accounting. Spendesk is a scalable solution that is designed to evolve with the organization. It allows users to generate... read more
Shoeboxed is the industry leader in the online receipt and business document management. Their mission is to save small business owners time and money by serving as the bridge between paperwork and dozens of powerful accounting, bookkeeping, tax prep, and CRM tools. Shoeboxed scans and organizes... read more
Pleo offers smart payment cards for employees enabling them to buy the things they need for work, all while keeping the companies in control of spending. Pleo revolutionizes business spending by reducing administrative complexity, eliminating expense reports and simplifying bookkeeping.
Finly is a cloud-based expense management solution that provides automatic report generation of all the expenses incurred by the employees or any user. Just like most of the expense management software, Finly also equips the OCR tool to scan paper and digital receipts of all kinds. Every relevant... read more
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.