Expense Management reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.
Products classified in the overall Expense Management category are similar in many regards and help companies of all sizes solve their business problems. However, enterprise business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Enterprise Business Expense Management to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Enterprise Business Expense Management category.
In addition to qualifying for inclusion in the Expense Management Software category, to qualify for inclusion in the Enterprise Business Expense Management Software category, a product must have at least 10 reviews left by a reviewer from an enterprise business.
SAP Concur is the world’s leading provider of integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. With SAP Concur, a top-rated app guides employees through every trip, charges are effortlessly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to audit 100% of transactions, businesses can see exactly what they’re spending without worrying a
Emburse brings together some of the world’s most powerful and trusted financial automation solutions. As part of our product portfolio, Emburse Certify carries a promise to humanize work while delivering expense, accounts payable, and business travel solutions for growing organizations. Certify Expense is a web-based travel & expense management software for companies that want to quickly automate manual processes while receiving great administrative and end-user support for free. With Cer
Fast becoming the default for corporate travel and spend management, TripActions is the leading, cloud-based T&E platform that combines industry-leading technology with best-in-class travel agency service. Trusted by travel managers and finance teams alike at 4,000+ companies globally, TripActions leverages real-time data to keep traveling employees safe, control costs and save time. www.tripactions.com
Snap and manage expenses anywhere in real-time. Make expensing easy for your employees & finance team. Rydoo simplifies your expense management process to a few clicks and photos, with real-time approval flows and smart reporting. Next to eliminating today’s expense reports, Rydoo also creates the new standard for business travelers - allowing employees to book a trip instantly via their smartphone. Thousands of companies including Deloitte, Pernod Ricard & Burger King trust in Rydoo
Easily manage expenses, pay bills, send invoices, and book travel – all within Expensify. - Unlimited receipt scanning: Snap a photo of any receipt and Expensify 's SmartScan technology captures the details. Better yet, get the Expensify Card and say goodbye to receipts forever. - Expense management: Expensify codes and submits business expenses for easy approval, next-day reimbursement, and automatic sync with accounting software. - Bill payment: Expensify captures details from vendor bills for
The world has changed over the last three decades and it’s time expense management does. Fyle has invented a new, intuitive way to turn expense reporting real-time. Employees submit expenses on-the-go within apps they use every day - Gmail, Outlook, Slack, WhatsApp, phone gallery. There’s more -- all expenses are submitted only after being checked for policies. This means employees get notified right within these apps if they’re violating any company policies. What’s more? - A modern corporat
Chrome River Expense is a fast, fluid, mobile web app that offers global organizations the latest in travel and expense management. We deliver the same user experience across all devices – smartphones, tablets, laptops, desktops – which makes employees happy. Powerful analytics and expense reporting capabilities make the CFO and accounts payable staff even happier. Expense serves complex, global enterprise organizations.
Webexpenses is a leading global provider of cloud-based travel and spend management software to businesses of all sizes across more than 70 countries. Webexpenses solutions automate manual processes, increase spend visibility, reduce errors, and are proven to save businesses time and money. Our award-winning expense management solution is at the heart of our suite and is proven to reduce T&E spend by up to 30%. Users benefit from our expenses app which builds claims instantly from a scanne
Happay is a leading expense management solution that helps large enterprises & SMBs to automate their corporate spend management system. A customisable solution which can encompass all aspects of your organisation requirements & seamlessly integrate with other Enterprise Accounting systems. Looking to revolutionise the entire spend management infrastructure of your organisation? Now, be at the forefront of innovation by deriving actionable intelligence from your employee spends data &a
Submit and manage employee expenses in real time. No more expense reports or receipt hoarding. Capture the expense as it happens for full visibility into spend. Build custom approval routing rules for every expense and automate your expense policy to reduce errors and improve efficiency. The minimalist, sleek interface clears out the clutter and only prompts employees for what is needed, while organizing and sorting expenses into reports as they are submitted. Corporate card reconciliation
Emburse brings together some of the world’s most powerful and trusted financial automation solutions. As part of our product portfolio, Emburse Nexonia carries a promise to humanize work while delivering expense, accounts payable, and time tracking solutions tailored for Intacct and NetSuite. Customers choose Nexonia for: - Tight integrations with ERP's and accounting systems - Fast expense submissions with an easy to use mobile app - Handles complex approval workflows Nexonia's simple-to-use
Zoho Expense helps in taking the effort out of expense reporting. From submission to reimbursement, everything is quick and easy. No need to save those paper receipts anymore. Recording an expense is as simple as taking a photo of the receipts. We’ll auto scan them and create an expense, just for you. Don’t have a receipt in hand? No problem! Create an expense from your card statements or email them to your account. Worried that your employees might overspend on the corporate cards? We’ve got
We are the world's business travel platform. Companies of all sizes in more than 60 countries trust Egencia to modernize their corporate travel programs. We bring the power of Expedia Group to deliver simple, consumer-like business travel that users love and fast, expert support for unexpected moments. With a globally consistent platform and powerful travel program management, rest assured your travel program is optimized to manage risk while maximizing ROI.
Our all-in-one software platform gives HR pros a way to easily manage daily tasks in payroll, benefits, talent, and workforce management. But what makes us different is that our technology is backed by a culture that truly cares about our clients’ success. Providers will merely sell you a product. But a partner actually cares about you and your business. A partner takes the time to get to know you and understand your needs. We work with you to identify the best solutions that will benefit your
Journyx is a premier time tracking software for businesses that need to easily and accurately track employee time for projects, billing, and payroll. Our time tracking solutions are designed especially for organizations that deliver project-oriented or client-oriented work. We help thousands of companies worldwide save time and money by streamlining the collection and processing of timesheets. Journyx offers two core products that enable customers reach their maximum level of profitability: Jo
One System Matters Paycom offers the only full HR solution contained in one database. So, the technology you use to hire new employees is the same tech you use to pay your workforce, comply with regulations, train your people and much more. It is all there – all of your workforce data – in one system, and that is important. We help businesses streamline their employment processes from recruiting to retirement and everything in between. Our Talent Acquisition, Time and Labor Management, Payroll
TravelBank is the leading all-in-one expense and business travel management platform, powering the expense and travel solution for more than 20,000 companies. With TravelBank, businesses gain immediate control of their expense management and travel program, reducing company spend by 30% on average while improving employee happiness through a user-friendly design, fast expense reimbursements, and travel rewards program. Companies can create and deploy custom expense and travel policies with ease
Finance teams waste too much time editing business expense reports to ensure accuracy, reduce spend leakage, and get employees paid correctly and on time. Coupa Expenses business expense report software solves these expense management issues by providing a globally viable expense solution with the capabilities needed to provide spend visibility, ensure global compliance, and delight employees. Designed with the mobile business traveler in mind, Coupa Expenses travel and business expense softwar
SutiExpense is a fully integrated solution that can provide purchase to reimbursement expense report functionality. Leveraging advanced technology and a modular design the solution can be right sized to fit the current expense needs of any company and grow in functionality as business demands change. As a technology forward solution SutiExpense leverages Optical Character Recognition and proprietary modeling to enhance receipt matching, credit card informantion and third party data to drive au
Timesheets.com is a user-friendly and affordable employee time tracking solution for businesses who want to save on payroll costs or increase billing. Employees can track their time with our mobile site or admins can restrict where employees clock in to just certain office locations. Our DCAA compliant system has a full audit trail and permissions architecture ensuring security and accountability. Reports can be exported to a number of payroll and accounting software platforms including QuickBoo
Oracle Workforce Management Cloud automates the entire time and attendance record-keeping process and provides an intuitive, web-based interface for time entry and approval. It offers a simplified way to submit, review, track and approve timecards.
By offering a complete self-driving expense entry, Unit4 Travel & Expenses minimizes administration so that employees can fully focus on their profession and their clients. Entering expenses is as easy as taking a picture of a receipt from any device or forwarding it by email, and the system takes care of the rest. The receipt data is automatically extracted and created as an expense record. Every expense is validated against regulations and company expense policies to ensure expenses are co
Get a grip on costs! Bring expense submissions, approvals, and travel requests down to a few clicks for your employees with MobileXpense. The highest level of automation and compliance combined with extensive global deployment expertise have led to 5.800+ successful implementations in 100+ countries and earned us the trust of industry leaders such as AB Inbev, UCB, Panalpina, DB Schenker and many more. MobileXpense delivers the ultimate employee experience and ease of use with an intuitive UI,
At Deem, we create products that give employees everything they need to make better travel decisions, wherever they are. With the most intuitive, secure, and powerful travel solutions, companies save money, their employees stay connected, and everyone gets more done. That’s why more businesses are embracing Deem. Deem is used by more than 50,000 corporate customers and plugs into the world’s largest travel management companies and expense providers. The company is headquartered in Silicon Vall
Tallie is a mobile and online expense management tool built with smaller businesses in mind. The people at Tallie believe small businesses deserve expense software that is ridiculously easy to use, takes limited time out of the workday to manage, eliminates accounting mistakes and can be implemented rapidly. Emburse brings together some of the world’s most powerful and trusted financial automation solutions. As part of our product portfolio, Emburse Tallie carries a promise to humanize work whi
Apptricity Travel & Expense manager automates expenses via credit card download, or receipt OCR, and auditing ;comprehensive reporting, and spending policy compliance. This TEM solution provides real-time visibility into expense transactions without waiting for an excel spreadsheet. A single Tenant SaaS with no co-mingling of data, easy to use with minimal training, exact fit solution to customer's specs of pages, workflows and expense policies.
Expense management software refers to solutions that process, pay, and audit employee-initiated expenses, such as flights, car rental, lodging, meals, laundry, business calls, and shipping of work-related items. This type of software shares some similarities with spend management—which plans and monitors procurement expenses such as raw materials, business services, or investments.
Employees can manage expenses in multiple ways, from receipt scanning mobile apps to enterprise software that covers travel policies, approvals, expense tracking, and travel cost management.
Some accounting software and ERP systems include basic features for expense management, which are usually insufficient for companies with many mobile employees. These systems can be used to consolidate expense management data but aren’t a good option for expense approvals, tracking, and monitoring.
Standalone expense management software exists separately from other systems. This type of software focuses exclusively on managing expenses and provides little or no functionality for travel management. Vendors usually offer integration with travel management software, ERP systems, and accounting software.
Travel and expense
Expense management software can be part of travel and expense solutions, either as a separate module or delivered as a package that can only be bought and used as one system. Vendors who provide separate modules or products for travel and expense management also tend to combine them in suites for companies that need both types of features.
The following are some core features within expense management software that can help users categorize their expenses, finetune their workflows, and create expense reports, to name a few.
Expense reports: To get reimbursed, employees need to create expense reports and provide information on each type of expense, the amount, and the date. Receipts need to be included in expense reporting so that managers and accountants can have proof that the employee spent the money they request reimbursement for. Expense report forms typically have predefined fields that allocate expenses by type, department, or business unit.
Expense categories: Companies need to categorize business expenses to better organize company spend, such as travel, office supplies, and team outings, while also optimizing the tracking of these costs. The main categories used by companies are transportation, meals, accommodation, moving expenses, and work-related services (such as business calls or laundry cleaning). Companies also need to differentiate between tax-deductible and non-deductible expenses. According to the IRS, expenses are deductible if they are used for business and work. The portion of the expenses used for personal purposes is usually nondeductible. Sometimes companies may decide to cover some personal expenses to improve employee satisfaction.
Approval workflows: Travel expenses need to be approved by managers to be processed and reimbursed. In some cases, accountants also need to approve expenses (for instance, a moving expense of $10,000 will need to be approved by managers and accountants before being processed). To define who needs to approve what types of expenses, expense management software provides workflows for determining the steps of the approval process. Standard approval workflows are usually delivered out of the box but can be modified by companies according to their specific needs.
Payment integration: Expense reimbursements are made through money transfers directly to the bank account of the employee. Companies need to manage various types of payments, such as cash advances and partial payments. It is also essential to adjust payments when errors occur and employees are reimbursed the incorrect amount. Since most expense management systems do not provide advanced features for payments, it is critical to integrate with payment gateway software and other payment processing solutions.
Analytics: Expenses transactions generate a lot of data that needs to be analyzed to determine inaccuracies and trends. Expense analytics helps managers monitor travel spending at different levels of the company. Accountants also use analytics to forecast future amounts and take them into account when creating budgets.
Decrease travel costs and processing business expenses: Expense management software streamlines the reporting and approval process, which allows companies to easily track employee expenses. This in turn allows organizations to ensure that they are getting the best value from their travel and employee-related expenses.
Reduce expense errors: This software automates several of the steps involved in the tracking, reporting, and submitting of expenses, which reduces the amount of human involvement. Even though it’s probably in a company’s best interest to still review work completed throughout the workflow, this automation reduces common errors that are committed by humans.
Ensure employee and manager expense-related accountability: The tracking of expenses and the “paper trail” that is created, allows companies to make sure their employees are held accountable for their purchases and that expenses are in compliance with company policies. This feature also helps to prevent employee overspending and unauthorized reimbursements.
Facilitate transparency of expense policies for employees, managers, customers, and investors: The reporting and analysis capabilities of this software allow all stakeholders an instantaneous view into employee-related expenses and the policies that they should abide by.
Expense management software can be used by a variety of employees within a wide range of industries. From employees who travel, to accountants, and contractors, the following list explains how different employees can benefit from this software.
Employees: Employees, mostly the ones who travel frequently, are the biggest users of expense management software. Occasional travel expenses can also be managed using this type of software, but it does not justify investing in expense management software. While employees use expense management software mostly to submit expenses they already incurred, they may also use the system to ask for approval before booking travel.
Managers: Managers are responsible for approving expenses and reimbursements. Depending on the expense policies and rules of the company, some types of expenses do not require approval, while others can only be processed with approval by one or more managers. Managers also track the total expenses by team or department and try to find opportunities to reduce spending.
Contractors: Contractors, consultants, freelancers, or project managers who collaborate with the company but are not full-time employees may also use this type of software to submit and track travel expenses. An alternative to expense management software is to add travel costs to the invoices for services provided by contractors.
Accountants: Accountants may not always use expense management software directly but require expense information to reflect it in their books accurately.
The following are solutions that can be used together with or are closely related to Expense Management software:
Travel management software: Travel management software helps employees with finding the best travel options, as well as with the booking process. Booking confirmations and electronic invoices or receipts can be used by employees to submit expense reports. It is also crucial that travel expenses match reservations to avoid inaccurate reimbursements.
Accounting software and ERP systems: Accounting software and ERP systems track and manage travel costs. Companies need to know how much they spend on travel, which can be an essential part of their total costs and impact their profitability.
Mileage tracking software: Mileage tracking software focuses on transportation costs incurred using personal vehicles. Employees may use their cars for their daily commute or longer trips. Since companies reimburse an amount per mile, employees need to track and submit accurate mileage.
Business travel management services: Travel arrangement services are beneficial for companies that prefer not to use software to manage travel. Travel agencies can provide services to book travel for the company and its employees. This helps companies save money by not investing in travel management software. Also, travel agencies have more experience in the market and oftentimes partner with tour operators, airlines, or hotel chains, which allows them to reduce travel costs.
Even though expense management software offers a variety of features that can benefit any organization that has a significant number of employees’ expenses to track and reimburse, they can still come with their own set of challenges.
Integration: Integration with travel management and accounting systems is critical to transfer data between systems. Information on travel booking needs to match with actual expenses, which are then consolidated and assigned to various cost centers in accounting. If the data isn’t accurate and consistent across all systems, the company or employee may lose money.
Bring your own software: Bring your own software and apps is a trend that allows employees to use their own software that is not authorized by the company. While employers usually provide expense management software, employees may use other tools and apps for booking travel, managing receipts, or for loyalty programs.
Privacy: Privacy is a significant concern because employees may use their credit cards for payments, and they provide personal banking information for reimbursements. Also, employees may mix business and personal travel, which means that they may use their credit card for both. Finally, personal information that is required for booking a flight or a hotel room may be included in expense reports. Employers need to make sure that only certain employees and managers can access private data. Protection against external threats is also necessary.
When selecting expense management software, it is important to first look at how travel and expense within the business operates, and then familiarize oneself with the different types of software available. There are a variety of options when it comes to expense management software products, including those designed for the business needs of small and medium-sized businesses.
Create a long list
The main purpose of expense management software is to make everyone's life easier; this includes the employee who is submitting an expense report, the manager who is approving the expenses, and the finance and accounting team member who is tracking expenses. It’s important to first create a long list of solutions that bring all of these functionalities and tasks together in one dashboard. Buyers may consider including software that offers a mobile app for managing expenses on the go.
Another factor to consider when creating this list is how user friendly the software is in capturing and submitting expenses. Oftentimes, expense management software built for small businesses are more user friendly but have fewer features than enterprise software.
Create a short list
After reviewing and researching the software on the long list, the buyer can whittle down this list based on the available budget. Expense management software is available to suit all budgets, while some general expense management applications could be even downloaded for free or bought off the shelf at a lower price.
Buyers must keep in mind, however, that the more specialized a software is, the more expensive it gets. This is the case because the user base for specialized software is usually relatively small. If the company wants something specific to their industry or customized for the business, they should be prepared to pay a premium.
As a rule of thumb, companies should make sure to demo all of the products that end up on their short list. During demos, buyers should ask specific questions related to the functionalities they care most about. For example, one might ask to be walked through how to track expenses, how to run expense reports, or how to import and submit receipts for reimbursement.
Choose a selection team
The employees and managers who will be using this software must be involved in the selection process. Every business is different and the users are most likely in the best position to offer an educated opinion about which one is the best choice for the particular needs of the business.
After choosing a software, buyers must remember that they don’t have to be stuck with this selection forever; most platforms allow for add-ons or modifications. However, this decision shouldn’t be made lightly because no matter what software is chosen, it will be a big time and money commitment. To see a return on investment (ROI), buyers can’t change their minds a few months later and switch software again.
Negotiating a software contract is important to minimize risk, whether it is in terms of performance protection, security protection, or simply making sure that both parties are in complete agreement with what to expect from each other. If the business has enough cash on hand, they could ask for a discount in return for annual upfront payment, and many software providers are happy to make that deal. Other times, a software provider may offer unlimited usage if the buyers pay upfront instead of paying a monthly or quarterly package price.
Buyers should also determine if they will need help implementing the expense management software or integrating with another system. Usually, a software provider's first offer will include some implementation services in a given timeframe. Buyers can ask for these services to be removed if they can manage it themselves, or if a third party can do it at a lower fee. They also need to decide for how long they will need this software. If the company will use the software for years to come, the buyer can negotiate longer terms which sometimes results in more favorable pricing.
The final decision should be based on all the information gathered previously. Businesses should try to prioritize needs and select the solution that meets most of, if not all of, their requirements. Companies must remember that there is no one perfect software, but there is likely one that is best for their business.
Travel and expense consolidation
Consolidation with travel management allows employees to book flights and accommodation while complying with the expense rules and policies of the company. Depending on their roles, employees have limited options when it comes to the amount of their travel expenses. For instance, a company may decide that the maximum per diem amount is $50, which means that any expense that exceeds the limit will not be reimbursed.
Cloud and mobile are mainstream technologies used by software providers and employees. The cloud can reduce IT costs and allows employees to use the system from any computer or device connected to the internet. Most expense management vendors also provide native mobile apps for their products to increase the user experience. The cloud also simplifies integration with other solutions such as ERP, accounting, or travel management.
Artificial intelligence (AI) in expense management is still in its early stages, but it can provide substantial benefits for users of these solutions. The main advantage is that AI can analyze large volumes of data from thousands or tens of thousands of expenses and identify errors and trends more accurately than traditional software.