Top 10 Best Expense Management Software in 2018

It is needless to say that businesses run on finances and keeping track of expenses of companies is a basic necessity. Expense management software eases this process of recording transactions and keeps a hold on the understanding of the finances involved. Expenses management software is generally used by businesses to perform several financial functions.

Ranging from a single-entry application for tasks such as check writing and bookkeeping to sophisticated double-entry solutions that offer all advanced features for financial functions, this software provides a one-stop solution for companies regarding their finances. An expense management software provides visibility, control and global compliance to help companies ensure expense report accuracy, reduce expenses and pay employees on time.

For companies to have the edge over their competitors and to increase the productivity of their business, prefer having a business expense tracking software. This software allows companies to have full visibility of expenses and track employee use of business financial resources. With real-time expense reporting solution that automates expense creation and approvals, it is a necessary software for small-scale to the large-scale industry. Employees, managers and accountants create, submit and approve expense reports, check the status of expense reports and access the reports through this software.

If you are looking forward to having this software, have a look at the top-rated list by SoftwareWorld before purchasing an expense management software.

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    List of Best Expense Management Software | Top Business Expense Tracking Software Reviews

    1. FreshBooks – Cloud Accounting Software for Small Business Owners

    About FreshBooks : FreshBooks is an online invoicing and time tracking service that saves you time and makes you look professional – Fortune 500 professional. We believe financial record keeping should be easy, fast, (and perhaps even fun), but still detailed enough to satisfy your accountant. FreshBooks is easy to use and you can try it for free.

    FreshBooks Expense Management Features : Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Time Tracking

    “It’s beautiful and really well designed. The invoicing, accepting online payments and keeping track of expenses couldn’t be simpler.” – ROMAN MARS

    FreshBooks

    Canada

    201 – 500

    2003

    $15.00/month

    Yes, get a free trial

    4.5

    2134 Reviews

    4.6

    207 Reviews

    2. Expensify – Cloud-based receipt & expense management

    About Expensify : Expensify does “expense reports that don’t suck!”? If you’re sick of the painful expense reporting process, Expensify is the fastest and easiest way to manage your business expenses. Now you can get rid of those envelopes full of receipts. Just snap a quick picture of the receipt with our App and you’re done! Our SmartScan technology will read your receipt and input all the information for you. We can also automatically import expenses directly from your bank and credit card and generate an IRS guaranteed e-Receipt.

    Expensify Expense Management Features : Approval Process Control, Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Spend Control, Time Tracking, Workflow Management

    ” Expensify has amongst the best support structure for users of any past or current software used in my organization.From the initial setup process to the day to day troubleshooting of any obstacle encountered while using Expensify ; they have been of excellent assistance.” – Justina E.

    Expensify

    United States

    51 – 200

    2008

    $5.00/month/user

    Yes, get a free trial

    4.5

    377 Reviews

    4.3

    1305 Reviews

    3. Sage Intacct – Best-in-class Cloud ERP for Finance

    About Sage Intacct : Sage Intacct is 100% invested in meeting the needs of financial professionals, 100% focused on customer success, and 100% committed to the cloud. That’s who we are, and always will be. Thousands of organizations rely on Sage Intacct’s best-in-class cloud ERP software, which is part of the Sage Business Cloud, to deliver the efficiencies and insights that keep them on the fast track of growth, from their first million to their first billion, and beyond.

    Sage Intacct Expense Management Features : Approval Process Control, Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Spend Control, Time Tracking, Workflow Management

    “Great and fantastic software. Easy to use and implement. The way that you can use the software in a creative manner and not just as a GL program as most programs require. The flexibility of the dimensions are a key for us.” – Jason G.

    Sage Intacct

    United States

    501 – 1000

    1999

    $425.00/month/user

    Yes, get a free trial

    4.0

    237 Reviews

    4.2

    575 Reviews

    4. Replicon – Gain full insights into all costs and expenses

    About Replicon : Replicon, the Time Intelligence™ company, has over 20 years of industry leadership and is pioneering a new approach to time management. Time Intelligence elevates time as a strategic asset within an organization, to improve operational productivity, performance, and profitability. Replicon’s Time Intelligence Platform offers solutions for global time and gross pay compliance, enterprise time management for ERP, business operations software for professional services, and an SDK for continued development..

    Replicon Expense Management Features : Approval Process Control, Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Time Tracking, Workflow Management

    “Part of what drew us to Replicon was the accessibility of their solution. It gives our teams secure access to their schedules wherever they are and on any device, including mobile.” – Nick Haworth

    Replicon

    United States

    201 – 500

    1996

    $5.00/month/user

    Yes, get a free trial

    4.5

    276 Reviews

    4.2

    227 Reviews

    5. Avaza – All-in-one, Client-focused Project Management for Teams

    About Avaza : Avaza is the leading all-in-one software for running client focused businesses. Avaza allows businesses of all sizes to more easily and effectively manage team projects, time tracking, expense reporting, quoting & invoicing. It can be accessed simply via a web browser from anywhere in the world on any device.

    Avaza Expense Management Features : Approval Process Control, Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Time Tracking, Workflow Management

    “Online support is always fast and available 24/7! Avaza has helped me organize all my activities for the whole week and make sure that I don’t forget anything! It is a really helpful app!” – Juanita Latorre Cabra

    Avaza Software

    Australia

    11 – 50

    2014

    $9.95/month

    Yes, get a free trial

    4.5

    166 Reviews

    4.5

    96 Reviews

    6. Fyle – Intelligent Expense Management

    About Fyle : Fyle is the next-generation spend management platform for businesses that employees actually love using. Fyle comes with plugins that makes the entire process of fyling an expense similar to liking a post on facebook. Its that easy. Fyle links email, consumer apps and other platforms to simplify recording, sharing and processing of expenses and invoices within an organization. With Fyle, users can capture their spend data the moment they complete the transaction with a single click.

    Fyle Expense Management Features : Approval Process Control, Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Spend Control, Workflow Management

    “Fyle has minimized manual efforts in the expense management process at Capillary – Employees claim expenses in one-click while our finance team is saving hours in processing expense reports now.” – Vijay A M

    Fyle

    India

    11 – 50

    2016

    $4.49/month/user

    Yes, get a free trial

    4.5

    121 Reviews

    4.6

    48 Reviews

    7. Rydoo – Business travel booking & expenses management platform

    About Rydoo : Rydoo reinvents business travel and expense management for high-growth companies and enterprises. Thanks to the expertise of the two founding startups – Xpenditure and iAlbatros – it originated, Rydoo’s app covers the full scope of any trip or expense to contribute to a more fulfilling work environment.

    Rydoo Expense Management Features : Approval Process Control, Multi-Currency, Receipt Management, Receipt Upload, Reimbursement Management, Spend Control, Time Tracking, Workflow Management

    “For us (Deloitte), it is very important to constantly innovate our processes and tools, to reduce administration and to increase efficiency. Thanks to Rydoo we know faster how much we spent on a certain project or client.” – Cindy Peeters

    Rydoo

    Belgium

    201 – 500

    2011

    $5.00/month/user

    Yes, get a free trial

    4.5

    164 Reviews

    4.4

    327 Reviews

    8. Pleo – Company payment cards & automated expense reporting

    About Pleo : Pleo offers smart payment cards for employees enabling them to buy the things they need for work, all while keeping the companies in control of spending. Pleo revolutionises business spending by reducing administrative complexity, eliminating expense reports and simplifying bookkeeping.

    Pleo Expense Management Features : Approval Process Control, Invoice Management, Receipt Management, Receipt Upload, Spend Control, Workflow Management

    “It is incredibly easy to use, it has a lot of functionalities and whenever I needed help from the support team I always had a great experience. I do a lot of purchases, probably 15 a day and I’ve never used an expense system in my career that was that easy.” – Adina K.

    Pleo

    Denmark

    51 – 200

    2015

    $7.00/month/user

    Yes, get a free trial

    5.0

    41 Reviews

    4.9

    26 Reviews

    9. SlickPie – Free Accounting Software for Small Businesses

    About SlickPie : SlickPie is free online accounting software designed for small businesses, offering online invoicing and billing, multicurrency, quotes and estimates. bank reconciliation, financial reporting, expense tracking, sales tax management, source document upload, and more.

    SlickPie Expense Management Features : Invoice Management, Multi-Currency, Receipt Management, Receipt Upload, Spend Control

    “Easy Interface and Lucid design. The Fact itself that this is completely free cloud-based accounting tool. A free CLoud Based accounting tool suitable for early adopters” – Manjur A.

    SlickPie

    Canada

    02 – 10

    2015

    Not provided by vendor

    Yes, get a free trial

    4.5

    47 Reviews

    4.8

    12 Reviews

    10. Psngr – Log & Reimburse Business Mileage

    About Psngr : Psngr (Passenger) simplifies mileage tracking and expense reimbursement for mobile workforce. Psngr is an automatic mileage tracker for employees and self-employed individuals. The iOS or Android app logs all your trips automatically and generates monthly and annual reports for tax-deduction or reimbursement.

    Psngr Expense Management Features : Approval Process Control, Multi-Currency, Reimbursement Management, Time Tracking

    “As a real estate agent, I drive daily with my own car to property viewing and meetings. I realized that I was spending hours every month on finalizing my mileage expenses paperwork. Then I found Psngr app. Can’t imagine going back to manual logging!” – Jason Crowley

    Psngr

    Netherlands

    02 – 10

    2015

    $4.00/month

    Yes, get a free trial

    4.5

    60 Reviews

    0.0

    0 Reviews


    Get Quick Comparison of Top Expense Report Software

    Expense Report Features FreshBooks Expensify Sage Intacct Replicon Avaza Fyle Rydoo Pleo SlickPie Psngr
    Price $15.00/ month $5.00/ month/user $425.00/ month/user $5.00/ month/user $9.95/ month $4.49/ month/user $5.00/ month/user $7.00/ month/user Not provided by vendor $4.00/ month
    Approval Process Control                
    Invoice Management                
    Multi-Currency                  
    Receipt Management                  
    Receipt Upload                  
    Reimbursement Management              
    Spend Control          
    Time Tracking              
    Workflow Management