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
Selenity Expenses provides fast, innovative, and configurable cloud technologies that reduce costs, increase efficiency, and ensure compliance to HR, finance, procurement, and legal departments. The intuitive interface makes expense management quick and simple. Enforce policy limits, reduce... 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
Zoho Expense is an online expense reporting software that digitizes expense report creation, approvals and reimbursement. It let your employees record expenses just by uploading the receipts. Zoho Expense scans it and pulls out necessary information automatically. It also allows you to sort... 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
Chrome River Expense helps you to manage the expenses of your employees by automating expense reporting and enabling easy approval. It enables real-time monitoring of all types of expenses and assist you to keep them in compliance with the company’s policy. It is a web-based solution and has... 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
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
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
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.