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Expensify Reviews
20 reviews
- 01 Is Expensify any Good? My expert Review
- 02 Pros and cons from reviewers
- 03 Main features
- 04 How Expensify compare to similar software?
- 05 Who is Expensify best for according to our reviewers?
- 06 Expensify Reviews
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01 Is Expensify any Good? My expert Review
I have used Expensify a lot in work, and honestly, it's one of the best tools around when it comes to management of expenses. It's a very user-friendly interface that keeps everything traveling nicely on my phone and on my laptop... and that's great when I'm on multiple devices while on a business trip. For example, when I traveled overseas on our last client visit, it was super nice to be able to take pictures of my receipts with my phone just to save time and to ensure I don't lose paperwork that is important.
I also thought the OCR feature on Expensify was nice too. Expensify reads receipts like a champ, and I no longer had to read restaurant bills or taxi fares manually, which was a bonus that reduced the amount of annoying mistakes associated with manual entry. The OCR was fantastic, and it saved me on many occasions as I sent detailed reporting to clients in the billing process, especially if I was trying to ensure all details were accurate and easily understood.
But of course, it is not perfect. When I was entering expenses for a project in Argentina, the currency exchange rates occasionally did not match the market rates and I would spend time double-checking and making manual entries at the end of a month to ensure I did not make a mistake with reimbursement. While working with my colleagues in Asia, we also discovered that OCR didn't do to well with receipts not in the English language, because we went the extra mile on inputting the information for it to be correct.
Overall, I have had a good experience with it. Having the ability to organize expenses and easily tag them by projects made our accounting a lot easier. Sure, it would have been nice to have automatic report submissions on specific dates each month for our reporting cycles, but we are not entitled to these tools and the automation already provided us was a fantastic tool to begin with.
In short, yes I am a fan of Expensify. It does most of the headache of running expense management processes for all organisations, big and small. Sure it has its challenges with updating currencies and multilingual support, but its functional interface and powerful receipt analysis has yet to make it something I leave out of my professional toolkit.
02 Pros and cons from reviewers
Pros from reviewers
-
Top-notch OCR and receipt management
The software's OCR is top-notch, making it incredibly easy for users to take a picture of a receipt and move on. It also simplifies the process of extracting receipts for client billing -
User-friendly on multiple devices
Expensify is praised for its user-friendly interface, allowing users to effortlessly switch between phone and computer to monitor all expenses -
Accurate reporting and easy coding
Expensify provides accurate reporting and makes coding for projects very easy, which is highly appreciated by users -
Streamlines reimbursement process
The software significantly simplifies the process of reimbursing employees, saving users a lot of time and making it an essential tool for any business -
Automatic features for ease and organization
Expensify offers features that allow automatic import of receipts or emailing them directly to the software for download. It also has an automatic report submission feature, reducing worries for users.
Cons from reviewers
-
Lack of detailed descriptions
While the software is user-friendly and efficient, it may not provide enough detailed information for certain accounts departments, requiring users to manually add descriptions -
Inaccurate currency and fuel rates
The software does not regularly update the dollar and fuel rates for certain countries, such as Argentina, which can lead to financial losses for users who receive reimbursements on a monthly basis -
Limited language support
Expensify's OCR struggles with languages other than English, requiring manual intervention when inputting expenses in languages like Chinese, Japanese, or Thai -
No automatic report submission feature
Although the software allows for easy import of receipts, it does not automatically submit reports on specific dates, which could be a useful feature for some users -
Limited platform compatibility
While the software works seamlessly on both desktop and mobile, it may not be compatible with all platforms, potentially limiting its usability for some users.
Expensify
Premium
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
03 Main features
Starting Price
Free Plan
Corporate card reconciliation
Multi-currency support
Mileage tracking
Integration with accounting software
Policy compliance checks
Starting Price
$5
/ user / month
Free Plan
No
Corporate card reconciliation
Multi-currency support
Mileage tracking
Integration with accounting software
Policy compliance checks
Expensify
Premium
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
04 How Expensify compare to similar software?
Both Expensify and Brex are powerful tools for managing business expenses, but several key differences between them may help you determine which is the right fit for your organization. One of the most significant distinctions is their approach to pricing and functionality.
Expensify operates on a per-user pricing model, where businesses pay a fee for each active user who submits expenses. This model can be cost-effective for companies with a smaller number of users who need access to advanced expense management features. Expensify is particularly strong in automating the expense reporting process, including receipt scanning, mileage tracking, and integration with various accounting software. It’s designed to streamline the process of submitting, approving, and reimbursing expenses, making it a solid choice for companies focused on detailed expense management.
Brex, in contrast, offers a more integrated solution by combining corporate cards with expense management software. Brex doesn’...
Expensify
Used by 51 members
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
Brex
Used by 302 members
All-in-one expense platform
50,000 points for $100,000 deposits in Brex business accounts
Save up to $500
When comparing Ramp and Expensify, there are several key differences that can significantly impact your choice of expense management platform. These differences primarily revolve around their core functionalities, target audiences, and the overall approach to managing business expenses.
Ramp is designed with a focus on comprehensive spend management, providing businesses with a robust platform that integrates corporate cards, real-time expense tracking, and automated financial insights. Its primary goal is to help companies optimize their spending through automation and analytics. Ramp excels in offering advanced features like automated receipt matching, proactive spend controls, and detailed spend analytics. This makes it particularly appealing to companies that prioritize efficiency, cost control, and scalability in their financial operations. Ramp’s platform is built to handle complex corporate needs, making it ideal for mid-sized to large enterprises looking for a unified...
Expensify
Used by 51 members
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
Ramp
Used by 19 members
Spend control that actually saves time
$500 bonus on your first $1,000 balance payment
Save up to $500
Expensify and QuickBooks are both powerful tools designed to help businesses manage their financial processes, but they cater to different needs and offer distinct features. Understanding these differences is key to choosing the right solution for your business.
First, let's talk about pricing. Expensify primarily focuses on expense management, offering a simple pricing structure based on the number of active users. Expensify's plans start with a free version for individual users, which includes basic expense tracking and receipt scanning. For businesses, the cost starts at $5 per active user per month for the Track and Submit plans, which offer advanced features like approval workflows and integrations with accounting software.
QuickBooks, on the other hand, is a comprehensive accounting solution with a broader range of features. Pricing starts at $35 per month for the Simple Start plan, which includes basic accounting tools like income and expense tracking, invoicing, and reporting....
Expensify
Used by 51 members
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
QuickBooks
Used by 898 members
Optimize your accounting and invoicing management with ease.
30% off for 6 months
Save up to $423
05 Who is Expensify best for according to our reviewers?
-
Users requiring detailed expense reports
Expensify's OCR technology and ability to add detailed descriptions make it suitable for users who need to provide comprehensive expense reports, even in languages such as Chinese, Japanese, or Thai -
Individuals dealing with foreign currency
Despite some issues with currency updates, Expensify can be useful for those dealing with reimbursements in foreign currencies like the Argentine peso -
Businesses of all sizes
Expensify is an essential tool for any business, regardless of the number of employees, as it allows for easy monitoring of expenses across multiple platforms -
Travelers
Expensify is ideal for individuals traveling for work or other purposes, as it allows for easy tracking and management of expenses such as airfare, meals, and accommodation. -
Companies looking to streamline their reimbursable expenses
Expensify simplifies the process of reimbursing employees, making reporting accurate and project coding easy
Expensify
Premium
Expense management, simplified.
50% off annual subscriptions for 6 months
Save up to $1,080
06 Expensify Reviews
Expensify rating
Expensify Reviews
-
Cynthia Rodriguez
Utilized Expensify for my NY Trip
I used Expensify for my job interview trip to NY. All my expenses including airfare, meals, hotel, Airbnb, and car transportation were managed through my Expensify account. I was reimbursed the next day after my trip as all my expenditures were transparent to my prospective employer.
August 18, 2024
-
Margaret
SmartScan: Automating Expense Entry for Time-Saving Efficiency
The SmartScan feature is a time-saver. It automatically reads receipt details and creates an expense, eliminating the need for manual entry
August 12, 2024
-
Daphne M
Expensify: Transparent and Efficient Expense Management
I appreciate the transparency that Expensify provides. The real-time expense reports give me a clear overview of my spending, helping me to better manage my budget
August 3, 2024
-
Stellan G
Expensify: An Essential Tool for Managing Team Expenses
As a small business owner, I've found Expensify to be an essential tool for managing my team's expenses. The approval workflow feature ensures that all expenses are properly reviewed and approved before they are reimbursed
July 29, 2024
-
Lauren Martinez
Senior Network Engineer's Review on Expensify
I find Expensify easy to use. It simplifies the process of creating and submitting expense reports.
July 21, 2024
-
Willie J
Efficient and Helpful Customer Support: A Pleasant Surprise with Expensify
I was pleasantly surprised by the efficiency of Expensify's customer support team. They were quick to respond and very helpful when I had questions about setting up my account
July 14, 2024
-
Thomas Johnson
Enjoying Expensify Usage Immensely
I really enjoy using Expensify due to its ease of use and organization. I appreciate its features that allow automatic import of receipts or emailing them directly to Expensify for download. I also value its automatic report submission on the 1st and 15th of each month, which reduces my worries.
July 9, 2024
-
Victoria Miller
Expensify Simplifies Everything Effortlessly
Expensify makes it incredibly easy for me to take a picture and move on. Its OCR is top-notch. The only time I need to intervene is when I'm inputting an expense that's entirely in Chinese, Japanese, or Thai. I might need to add something in the description if my accounts department requires detailed information. I do this because I like it and I review my own and others' expenses. Plus, it's legal, which is crucial. It's good enough for a legal audit and I can export a spreadsheet for my account if necessary. Usually, they have access and sort everything out without much input from me. I recall the old days of sticking receipts on paper and I can't ever go back. Whenever I hear others struggling with their expense reports, I'm always eager to tell them there's a better way! I hope I come across as helpful rather than annoying.
July 1, 2024
-
Zachary Smith
Reliable and User-Friendly: Expensify's Positive Impact on Expense Management
I've recommended Expensify to several colleagues and they've all had positive experiences. It's a reliable, user-friendly solution for expense management.
June 24, 2024
-
Matthew Williams
Quit Overthinking, Just Register with Expensify.
I find Expensify user-friendly on both my phone and laptop, which simplifies tracking expenses, whether I'm quickly scanning a receipt on the go or sorting through invoices at my desk. I would recommend it to any company aiming to streamline their expense process.
June 17, 2024
Start saving on the best SaaS
Secret has already helped tens of thousands of startups save millions on the best SaaS like Microsoft Teams, Google Workspace & many more. Join Secret now to buy software the smart way.