Are you looking for the best expense management software in 2020? Expense management software designed especially with the business owner in mind provide tons of benefits. This software eases this process of recording transactions and keeps a hold on the understanding of the finances involved.
With that in mind, let us also point out that the market has quite the selection to choose from. To ensure that you’re getting the right quality, you should perhaps take the time and learn as much as you can about what the market has to offer in this respect.
To help you along in this search, here is a list of the best expense management software in the market at the moment.
Top Expense Management Software In 2020 – Reviews
FreshBooks is a cloud-based invoicing and time tracking service that serves businesses of all sizes. The solution works great for various industries, such as marketing, retail, legal services and business consulting, logistics, trades and home services and information technology (IT). Top features include invoicing, expense tracking, receipt upload, time tracking, reporting and payments management. Expenses can be tracked by attaching receipts to invoices, creating recurring expenses and taking snapshots of receipts. The software provides integration with apps like Paypal, MailChimp, Zenpayroll and Basecamp.
Expensify is an online receipt & expense management software that is developed to manage expenses and transactions using real-time data processing. It enables users to maintain different summaries of various accounts along with date calendars to keep track and maintain transparency. The solution effectively uses different ratios, including debt-to-income ratios, to maintain a healthy balance. Expensify can also automatically import expenses directly from your bank and credit card and generate an IRS guaranteed e-Receipt. The system is compatible with all Android and iOS devices.
3. Sage Intacct
Sage Intacct is one of the best accounting and expense management software, 100% focused on customer success. According to the vendor, thousands of companies on Sage Intacct to deliver the efficiencies and insights that keep them on the fast track of growth. The solution empowers users with a wide range of accounting features including general ledger, receipt management, accounts payable, cash management and workflow management. With an open API structure, Sage Intacct integrates with other business tools like CRM, payroll or POS systems to enable users the choice over which tools they want to leverage in their business.
Replicon is one of the leading expense management software you can find in the market. With Replicon users can gain full insights into all costs and expenses. Replicon’s Time Intelligence system provides solutions for global time and gross pay compliance, business operations software for professional services, efficient time management for ERP, and an SDK for continued development. Replicon’s resource management module offers visibility into project allocations and enables directors to track the time employees are spending on billable and non-billable tasks. The platform can be used on both Android and iOS devices. Pricing is available on a monthly subscription basis and there is a free trial.
5. Zoho Expense
Zoho Expense is a cloud-based expense reporting software that supports businesses of all sizes to automate recording, monitoring and approval of expenses. The intuitive dashboard provides insights on different aspects including the Unsubmitted and Submitted reports summary, number of unreported expenses, etc. The Analytics features delivers comprehensive information about the spending of the organization, with reports ranging from Expense Details to Policy Violations. Zoho Expense integrates with numerous third-party apps like G Suite, office 365, Dropbox, Slack, Google Drive, and more. The pricing is on a per user per month subscription basis and support is available via phone, email and online helpdesk.
Fyle is a cloud-based spend management platform for businesses that serves businesses of all sizes across various industries. Key features include receipt management, expense approval management, invoice management, audit management, mileage tracking, credit card reconciliation, reimbursement management and more. Its receipt management feature supports users to extract paper or electronic receipts from email inboxes and maintain a digital repository of receipts. Fyle can be accessed on Android and iOS mobile applications. The software provides integration with various accounting apps including Xero, QuickBooks Online, Netsuite, and more. It is provided on a per month per user basis that includes support via email and online live chat.
Pleo is an advanced company payment cards & automated expense reporting solution that enables businesses to distribute payment cards to employees for purchasing products on behalf of company. The software allows managers with real-time overview over company spending, automatic expense categorisation and direct accounting system integrations. Pleo changes completely business spending by minimizing administrative complexity, eliminating expense reports and simplifying bookkeeping. Key features include Approval Process Control, Invoice Management, Receipt Management, Receipt Upload, Spend Control, Workflow Management, and more.
SlickPie is free cloud-based accounting software developed for small and mid-size companies. It provides online invoicing and billing, multicurrency, quotes and estimates, bank reconciliation, receipt management, financial reporting, expense tracking, sales tax management, source document upload, and more. The solution enables businessmen to begin invoicing customers immediately upon signing up for the platform. With SlickPie users can customize the look and feel of the invoice document to better fit their company brand. The solution can send automatic payment reminders to clients and manage bills that businesses are responsible for paying. It provides online and phone support and is compatible with both desktop and mobile browsers.
Rydoo Expense is a great expense reporting solution created to automate the expense management process and it serves businesses of all sizes. The solution enables users to scan and digitize receipts using a mobile app, after that the software scans and extracts receipt data. As a receipt is uploaded, users can add additional notes to the files as well as manage time, mileage, and advances. Rydoo Expense provides integration with other accounting and enterprise resource planning (ERP) applications such as Netsuite, Xero, SAP, Oracle, Microsoft Dynamics and Sage.
Avaza is an easy-to-use all-in-one software for running client focused businesses. With this solution businesses can easily and effectively manage team projects, expense reporting, time tracking, resource scheduling, quoting & invoicing. Avaza provides online project collaboration with clients and enables users to drag and drop tasks and files as needed. Tasks can be viewed in list view, Kanban boards or on Gantt charts. The solution has integration with various third-party platforms to manage workflows. It can be accessed through a web browser from anywhere in the world on any device.