Like most business owners, you probably dread dealing with expenses. Receipts, invoices, and reimbursements can be a hassle to keep track of – not to mention expensive! That’s why investing in the best expense report software is essential.
This software can make tracking expenses a breeze, saving time and money.
This article will discuss 10 of the best software for reporting expenses. So whether you’re looking for an easy way to submit receipts or manage client payments, there’s a perfect tool for your business!
What is Expense Report Software?
Expenditure Report Software is a type of program that helps businesses keep track of their expenses. That can include everything from tracking receipts to submitting expenses and getting reimbursed quickly.
It can be a lifesaver for any business owner, saving time and money while keeping track of spending.
How can software reporting expenses help your business?
It can help businesses in several ways. For example, it can make it easy to submit receipts, track expenses, and get reimbursed quickly.
It can also help businesses manage client payments and employee reimbursements. By using an expense report solution, businesses can save time and money while keeping track of their expenses.
Here, we are listing the 10 Best Expense Report Software.
1. Certify
Certify is expense management software for businesses of all sizes. It provides software solutions both for employees and employers. In addition, it automates the expense process from receipt to report. Hence the financial department focuses more on strategic work.
Features
- Manage expenses with mobile apps
- Physical and virtual credit cards
- Efficient mileage tracking
- Effortless reimbursement
- Integration into all systems
- Actionable dashboards
- Data integrity
- Submit and track pre=approved spend requests
- Manage non-employee expenses
- Automated expense report creation
Pricing
It offers three pricing plans.
- Certify now – It charges $12 per user per month, suitable for start-ups and small businesses with 1 to 25 employees. A free trial is available for this plan.
- Professional – It is suitable for small and mid-sized businesses with 25 to 200 employees. For pricing details, you need to contact the vendor.
- Enterprise – It is for large businesses with more than 200 employees. For pricing details, you need to contact the vendor.
Like
- Implementation of the software is straightforward.
- Software is intuitive and affordable for small businesses
- It provides mobile apps
- Supports multiple languages and currencies
Dislike
- You need to pay separate charges for travel and reimbursement features.
Our opinion
Certify is an expense management software with easy-to-use mobile apps. The software provides complete visibility into spend management and supports multiple currencies and languages. As a result, businesses can get reimbursements and create reports very quickly.
2. Expensify
Expensify is a cloud-based software for unlimited receipt tracking and expense management. It allows users to track their expenses and submit reports online.
Expensify offers corporate plans for businesses that need to manage expenses for multiple employees and also plans for individuals and self-employed.
Features
- Receipt scanning
- Credit card import
- Multi-level approval workflows
- Corporate card reconciliation
- Accounting, HR, and Travel integration
- Multi-level coding
- Advanced tax tracking
- Audit and compliance
- Deligated access
- Compliant security
Pricing
It offers three plans for businesses and 2 for individuals and self-employed.
Plans for businesses
Free – It is entirely free of charge
Collect – It starts from $5 per user per month with an Expensify card
Control – It starts from $9 per user per month with an Expensify card
Plans for individuals and self-employed
Track and submit – For both, the charge was $4.99 per month before. Now, these are entirely free of charge.
Like
- It captures the details in the expense automatically.
- It provides world-class security.
- You can access the software from any device with an internet connection
Dislike
- The software is not suitable for enterprises
- Pricing will be confusing
- Unavailability of email notification on submitting an expense report
Our opinion
The software integrates accounting, HR, and practice management. For example, it integrates with QuickBooks, Sage Intacct, Oracle NetSuite, FinancialForce, workday, etc. In addition, its receipt management app helps you to review resubmitted expenses and manages corporate spending.
Overall, it is an excellent software for expense management with a free plan and multiple features.
3. Rydoo
With Rydoo, you can easily automate the process of submitting claims to their reimbursement. This application saves time for both the employees and the finance team. It provides plans for five users to 500 users.
Features
- Automated expense approvals
- Pre-set dashboards per project per branch per employee
- Built-in local compliance
- Per Diem management
- Mileages
- Expenses in real-time
- Receipt scanner
- Expenditure report
- Integration with work tools like Uber, SAP, MasterCard, Oracle NetSuite
Pricing
It offers three plans
- Essentials – It charges $8 per user per month (when billed annually), $10 per user per month(when billed monthly)
- Pro – It charges $10 per user per month (when billed annually), $12 per user per month( when billed monthly)
- Enterprise – You need to contact the vendor for pricing details.
Like
- It supports multiple languages.
- It provides a clear and fresh user interface, easy-to-use receipt capture, and receipt submission.
Dislike
- Telephone support and API access are available only for enterprise plans.
- The approval process is not transparent for end-user
Our opinion
Rydoo is user-friendly software with a 14-day free trial. You can try it out before deciding which plan to choose. It provides wonderful scanning technology that helps you extract relevant information and retrieve it when needed.
4. Emburse Abacus
With its intuitive user interface, the Emburse Abacus expense report software is a great option for businesses. It is easy to use and helps businesses keep track of their expenses to stay on budget.
Features
- Automatic generation of report
- Capturing accurate expense data
- Automation of expense policy and approval
- Instant visibility into spending and budgets
- Employee reimbursement
- Mileage tracking
Pricing
You need to get a custom quote.
Like
- Easy-to-use interface
- You can have better control over each expense
- Easy and quick reimbursement
- Employees can easily submit the expenses from anywhere at any time
Dislike
- Sometimes mobile application tends to freeze
- The description of the receipts’ character limit is very short.
- Sometimes you will get delayed notifications
Our opinion
Emburse Abacus is most suitable for mid-sized businesses. It provides unlimited custom fields and multi-currency conversion. In addition, it provides comprehensive implementation packages and integrates with basic accounting tools like Quickbooks and Xero.
5. ExpensePoint
ExpensePoint is a cloud-based software that helps users manage their expenses. It offers a variety of features such as automated expense reporting, receipt scanning, and budgeting tools. It is suitable for businesses of all sizes.
Features
- Mileage tracking
- Receipt imaging system
- Credit card integration
- Multi-currency system
- Data integration
- Analyze spending data
- Employee reimbursement
- Security and Compliance
Pricing
It provides all features with unlimited monthly expense reports for $8.50
Like
- It provides a multi-currency reporting system
- It provides automatic currency conversion
Dislike
- The process will be delayed for disapproved items
- It did not provide a travel management feature
Our opinion
The software provides you free setup, training, and free support forever. In addition, it allows you to create multiple reports. It also offers offline report creation. Overall, it is great software with all the features you need to manage your expenses.
6. SAP Concur
SAP Concur is a comprehensive reporting system. It provides travel, invoice, and expense management solutions. You can easily make decisions with the help of accurate data and reimburse employees very quickly.
Features
- All expense data in one place
- Automatic capture of receipts and process reports
- Credit card integration
- Employee reimbursement
- Mobile apps
Pricing
Not provided on the official website of the vendor
Like
- It helps to reduce fraud and reporting errors
- It eliminates manual data entry
- Immediately scans receipts
Dislike
- Sometimes the receipt scanning will not be accurate.
- Page error occurs while loading and accepting the information
Our opinion
SAP Concur is good software for expense management. It provides good insights into all expense categories. In addition, it helps you to improve your compliance and supports multiple languages.
7. TripActions
It is an expense management software that automates all steps of the expense process. It also provides solutions to travel and invoice management.
Features
- Automatic receipt capture
- Custom approval flows
- Expense reimbursement
- Dashboard for all expenses
- Real-time reporting and spend visibility
- Automated report
Pricing
The software provides three plans
- Travel only
- Travel and Expense
- Professional
You can sign up free for travel only and Travel$Expense plans. For a professional plan, you need to contact the vendor.
Like
- It is an easy-to-use and user-friendly software.
- It provides control and visibility into spending management
- It provides good customer service
Dislike
- Sometimes expenses submit after a few entries leaving some fields empty. This leads to inaccuracy.
Our opinion
TripActions provides extraordinary support to its customers. It provides 24/7 automatic support. In addition, the software is user-friendly with multi-language support.
8. webexpenses
It is a cloud-based expense management software. It also provides solutions for travel and invoice processing. In addition, it provides expense reporting and enhances expense tracking.
Features
- Expense reports
- Receipt capture
- Employ reimbursement
- Integration with over 50 accounting systems
- Business expense app
- Mileage tracking
- Automated policy compliance
- Corporate card matching
- Petty cash management
Pricing
To get pricing details, you need to get custom quotes
Like
- Enhances control and visibility
- Creates automated reports and reduces errors
- You can manage multiple claims
Dislike
- Occasionally software comes slow and freeze
- Lack of rotating and zoom facility
- Lack of accuracy in location tool
Our opinion
An online expense management solution helps you submit, approve, and get reports on expenses. In addition, it provides enormous features to streamline and manage your expenses.
9. Divvy
With Divvy, you can get expense reports with minimum clicks. It makes your expense management very easy and provides visibility into your spending in real-time.
Features
- Virtual cards
- Reimbursement
- Rewards
- Credit builder
- Accounting integrations
- Mobile apps
- Reporting and insights
- Payments services
Pricing
The software is entirely free of charges
Like
- It is free, and there are no hidden charges or contracts.
- You will get business credit cards freely for your employees
- It provides good customer support
Dislike
- Initial set up will be dunting
- There is no option for splitting a transaction to come from more than one category.
- You will not get notifications or alerts when you submit a reimbursement.
Our opinion
Divvy provides all most features for expense management. It offers live transaction dashboards and integrates with many accounting systems such as QuickBooks, sage intact, and Oracle NetSuite. The software is entirely free of charge.
10. Pleo
Pleo is Europe’s number one spending software. It helps businesses manage their spending. It makes it easy to track expenses, stay organized, and submit reports quickly and easily.
Features
- Automatic tracking of expenses
- Creation of report
- Receipt management
- Integration with accounting software, such as QuickBooks, Sage, and Xero
- Fast, compliant reimbursement of expenses
Pricing
It offers three types of plans
- Starter – It is entirely free for up to 3 users
- Essential – 35 Euros per month (when billed annually), 39 Euros per month (when billed monthly). A free trial is available for this plan.
- Advanced – 65 Euros per month (when billed annually), 69 Euros per month (when billed monthly)
Like
- It has an easy-to-use interface
- It provides good customer support
Dislike
- Lack of interaction with Gmail
- Sometimes, it is difficult to get receipts from Email
Our opinion
If you’re looking for reliable and easy-to-use software, Pleo is a great option. It’s been used by more than 20,000 businesses around Europe, and it offers a free plan for up to 3 users.
FAQs
How to choose the right Expense Report Software program for your business?
You’ll need to consider several factors, such as your business size, budget, and features you’re looking for.
Additionally, it’s important to read reviews of expense management software programs before deciding.
What are the benefits of using Expense Report Software?
There are several benefits of using expense report software. First, it can save time and money for businesses while keeping track of expenses.
Additionally, the software can make it easy to submit receipts and get reimbursed quickly.
And also tool makes it easier for employees to track expenses and get reimbursed.
Conclusion
Expense report software is a great option if you’re looking for an easy way to keep track of your business expenses. Many options are available, each with its features.
By taking the time to research expense management solutions, you can be sure to choose the right one for your business.
No matter what your business size, there is suitable software that will fit your needs. All of the solutions on our list offer a variety of features and pricing options, so you’re sure to find one that meets your specific requirements. We recommend trying each solution to see which works best for you and your team.
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