What is Expense Management Software?

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. What Types of Expense Management Software Exist? 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 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.

What are the Common Features of Expense Management Software?

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. Other expense management software features: Automated Reminders, Credit Card Integrations, Currency Conversion, Itinerary Management, Offline Capabilities, PCI Regulation Compliance, Policy Compliance, Receipt Capture, and Trip Notifications.

What are the Benefits of Expense Management Software?

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.

Page 4 | Best Expense Management Software: User Reviews from September 2026

Compt

The easiest way to run stipends & LSAs — now powered by AI to make admin effortless. Get 93% employee participation, managed in as little as 10 minutes a month. Compt is an employee stipend and Lifestyle Spending Account platform built for HR and Finance teams who want to offer total employee choice without drowning in receipt reviews, spreadsheet tracking, or complex tax math. Unlike generic expense tools, pre-funded cards, or rigid PEPM models, Compt charges a predictable, fixed annual software fee based on headcount when you purchase. You get unlimited stipend programs, unlimited categories, and unlimited reimbursement frequencies — paying only for the stipend funds your employees actually use. Why smart teams choose Compt: Time-saving administration: Let AI provide employees with proactive policy checks when submitting, and complete a first-pass of your receipt review. Skip withholding math and spreadsheet cross-referencing to manage your entire program in as little as 10 minutes a month. Enjoyable employee experience: With 93% participation and 99% of expenses accepted on the very first submission, employees use and love Compt. Transparent fixed pricing: No PEPM, no prefunding, and no hidden per-transaction or card fees. Keep your cash in your bank and pay a predictable software fee alongside actual employee spend. Automated tax & compliance logic: We instantly distinguish between taxable and tax-free spend, keeping you audit-ready without manual research. Plus, stay fully compliant with SOC 2 Type II, ISO 27001, and GDPR standards. Enterprise functionality included: Enterprise integrations (ADP, Workday, Rippling, BambooHR, Slack, Teams) and SAML 2.0 SSO are built-in standard — never gated behind higher pricing tiers. Global scalability: Compt is supporting teams across all 50 U.S. states and 75+ countries (and counting) with localized tax logic, currency options, and split-by-country payroll reporting. Vendor consolidation: Replace 5+ single-point perk platforms with one central LSA, Rewards & Recognition, Discounts, and corporate Swag hub — reducing software vendors and simplifying management for HR and Finance. OUR PRODUCTS Stipends & Lifestyle Spending Accounts: Create unlimited custom stipend & LSA programs with unlimited reimbursement frequencies. Compt handles the heavy lifting with proactive policy checks for employees, AI-assisted claim reviews, and automated tax calculations. Every plan includes a dedicated Customer Success Manager. Rewards & Recognition (Included): Build culture without additional software costs. Includes peer-to-peer and manager-to-employee recognition paid through direct reimbursement (not points or rigid catalogs), plus cashless shout-outs via Slack and Teams. Professional Development Pro™ (Add-On): Centralize tuition reimbursement, conferences, and AI upskilling with pre-approval workflows, automated approvals, and transparent budget tracking. Business Expenses (Add-On): Manage general business expenses side-by-side with your stipend programs in one unified platform instead of juggling separate tools. WHAT SETS COMPT APART Low-Friction Support & Experience: The platform is so intuitive that 94% of users never need to contact support, while 89% of support questions are resolved instantly without human assistance. A+ Customer Service: When human support is needed, human experts respond in an average of 34 minutes, backed by a dedicated Customer Success Manager for every customer. High First-Submission Success: 99% of expenses submitted through Compt are accepted on the first submission due to built-in guidance and policy checks. Predictable Value: Fixed annual software fee based on headcount; no per-employee-per-month (PEPM) increases. Unlimited Flexibility: Design unlimited stipend programs and categories with zero caps on reimbursement frequency. Enterprise Security & Global Reach: SOC 2 Type II, ISO 27001, and GDPR compliant, currently serving teams in all 50 U.S. states and 75+ countries. High Engagement: 93% employee participation rate on average. Zero Waste Model: Money stays in your bank account until claims are approved and reimbursed. When employees don't utilize their full stipend, the remaining funds stay right where they belong — in your company’s bank account.

Average Rating: 4.7/5.0

Total Reviews: 140

How Do G2 Users Rate Compt?

Has the product been a good partner in doing business?: 9.8/10 (Category avg: 8.9/10)
Workflow: 10.0/10 (Category avg: 8.7/10)
Performance and Reliability: 10.0/10 (Category avg: 8.7/10)
Ease of Creating Expense Reports: 10.0/10 (Category avg: 8.8/10)

Who Is the Company Behind Compt?

Seller: Compt
Company Website:
Year Founded: 2018
HQ Location: Boston, MA
Twitter: @compt
243 Twitter followers
LinkedIn® Page: www.linkedin.com
46 employees on LinkedIn®

Who Uses This Product?

Top Industries: Computer Software, Hospital & Health Care
Company Size: 69% Medium, 17% Small

What Do G2 Reviewers Say About Compt?

AI-generated summary from verified user reviews

Pros

Users value the ease of use of Compt, finding the interface intuitive for quick uploads on the go.
Users praise the responsive customer support from Compt, ensuring help is readily available when needed.
Users appreciate the simple design of Compt, highlighting its ease of use and intuitive interface.
Users find the platform intuitive and user-friendly, making it easy to track stipends and receipts.
Users appreciate the user-friendly interface of Compt, making it easy to track benefits and notifications.

Cons

Users face approval issues that complicate financial processes and increase administrative workload compared to previous automatic systems.
Users find the scrolling difficulty frustrating and question the need for receipt uploads for expense claims.
Users find the manual entry necessary due to integration issues, longing for more automation in Compt.
Users express frustration over the receipt submission issues, questioning the need for uploading receipts for expenses.
Users find the time-consuming scrolling process frustrating and prefer a more efficient grid view for expenses.

What Are Recent G2 Reviews of Compt?

"Intuitive, Easy-to-Configure Expense Reimbursements with Seamless ADP Integration"

Rating: 5.0/5.0 stars

— Quis L.

Best Expense Management Software - Page 4

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