Happay
Happay is a cloud-based expense management software for small and midsized businesses. The platform provides all these businesses to fund and track business payments, control spending, and streamline expense reporting. It includes training in-person, documentation, webinars, and online.
The software provides various features like receipt and workflow management, time and expense tracking, reimbursement management, multi-currency, and approval process control. With the help of Happay’s Artificial intelligence-powered approval engine allows managers to control leakage and ensure compliance. It also helps the managers to track notifications and policy violations if made by any employee.
Happay is user-friendly and has all the features to enable managers to handle corporate accounts. The reporting feature of the software allows the user to view all expenses regularly, and the bulk uploader helps the users to upload a large number of bills without any trouble.
The software saves time of interaction between departments as all the users, especially the finance department, will be able to see the expenses. Lastly, the real-time visualization of the utilization of budget in different groups and projects allows the managers to track the costs.
#1 Shoeboxed
Shoeboxed is a cloud-based expense management platform that captures information from physical documents and converts it to digital data. The platform specially designed for small businesses, freelancers, contract workers, and bookkeepers, etc.
It has a dedicated customer support team, and when the user encounters technical problems or has a query regarding a feature, a member of the support group promptly assists them and even gives them a live tutorial. Shoeboxed is more than just a receipt organizer that also serves as the business card manager.
With the help of this, businesses can create a digital list of their contacts and upload them to their emails or CRM programs. Data captured and digitized by Shoeboxed is searchable and categorized. Scanned business cards can be used to create an online contacts database, while the receipts generate expense reports.
It has a simple but powerful dashboard where you can access all features without limitation. Unlike other expense management platforms, it also includes core features such as receipt scanning, tax filing, human data verification, business card, and contact management, expense report, and mobile receipt tracking, etc. It has different price plans, and each plan has its own cost.
#2 Expensify
Expensify is an all-in-one expense management software that manages your company expanse, transactions, money matters, real-time data, and reporting process. It is simple but powerful that comes with all the major functionalities and services that help you to manage the company’s overall expense.
It enables businesses to maintain summaries of different accounts along with with calendars so the transparency can be obtained, and different ratios such as debt-to-income ratios balanced at the right time. This powerful platform also offers tools to track your travel expenses based on the miles traveled or the amount of time spent on a particular project.
It also has a built-in currency converter to manage international traveling expenses. Being one of the most popular and fastest grown expense management makes it quite easy and quick for businesses to manage the costs incurred through months or years.
Expensify automates the process of expense reporting and tracking from the very act of getting receipts or making payment until the finalization of expense reports. One of the best features of this expense management is, it allows automatic integration of the application with financial institutions, credit cards, or other payment methods, so there is no need for any manual data entry of any sort. Auditor access, automatic accounting sync, candidate reimbursement, multi-level tagging, guided review, and duplicate expense detection are also features of the platform.
#3 Tallie
Tallie is a cloud-based expense management software for small and mid-size businesses. It is known as the industry-trusted expense report automation system that streamlines the entire expense management process from point to purchase to account and reimbursement.
The solution comes with all the advanced features and tools that make it easy and powerful. Its mobile receipt scan feature allows you to scans photographed receipt to automatically identify merchant date, amount, and all the other essential things. Tallie also enables employees to connect it with corporate bank accounts.
Its auto-categorization features leverage how users code transactions to begin coding them automatically. It offers duplicate detection feature and allows you to track expense status and receive emails when reports are approved, to make it better than others. Tallie also has a list of core features that make it better than others. It has different price plans; each plan has its own cost and core benefits.
#4 Zoho Expense
Zoho Expense is another Zoho’s product that transforms expense reporting and monitoring and turns it into an enjoyable experience. It is an automated platform that automates your variety of expense management-related operations and helps you record your transactions in a snap.
All your receipts can also be converted into the expenses automatically and then grouped for you to generate reports whenever you need them. The great thing about this application is that it automatically capture credit card transactions and convert those into the expenses. No matter which type of device you are using, the platform can record a cost on the go and even submit complete reports on smartphones as it does on the traditional device.
Another great thing about this Zoho product is that it integrated with Zoho Books and Zoho CRM, which means you can use all three packages with the same account. Automate expense recording, expense analytics, multi-currency expensing, auto scan receipts, mileage card import, and mobile receipts uploads are core features of the platform.
#5 Webexpenses
Webexpenses is online software that enables the users’ businesses to automate their expenses online and provides travel and expense management services. It allows users to track their expenses and build claims in minutes through any device. The platform offers services such as airline discounts, missed travel recouping, and other booking management services for corporate travel.
It eliminates the paper-chase and manual data entry and offers accounts payable automation. The platform enables businesses to send and receive funds worldwide through its secure online transactions. It integrates with various accounting systems to streamline the control of the company’s budget and expenditure.
Webexpenses enables businesses to save time by automating invoice capture, purchase orders, and approvals. Users can gain access to real-time invoice and reporting for complete visibility and provides built-in tools to spot fraudulent invoices. It offers a full audit trail of each payment and has FCA and BACS approved data security.