Today it does not remain hard for companies and businesses to manage their expense because technology makes everything easy these days. Software and program are introduced for managing the expenses of a company or small business. In this article, we will discuss all “Expense Management Software.” If you want to know further about it then you are at the right place.
What is expense management software?
Expense management software is software, which is designed for managing expenses. It is used to keep a record of the expenses of the entire workplace and make rapid reimbursement. It is a wonderful advancement for the company’s workers, finance, and accounting team as well as beneficial for the entire functioning of a company.
What are the common uses of expense management software?
This software is very beneficial for companies to manage their expenses. Make calculations easy. Come off the major benefits that expense management software gives are mentioned below:
- Reduce common error
- Reduce paperwork
- Give a rapid solution for employees
- Offers a faster and enhanced experience to employees
- Ensure easy approvals across the organization
- Enhance compliance and give complete authority over the expense
- Single solution for all the processes like expense filling, reporting, approval, and capability to transfer between ERP and HRMS
Best Expense Management Software
If you feel difficulty in expense management for your business then expense management software is the best thing for you. Following are the best expense management software by which you can select one according to your desires and need.
1. Happay
Happay is renowned for its best solution for expense management for businesses. Happay offers a complete solution for travel, payments, and expense management. It is considered one of the best solutions. It gives a complete system and authority to the business over its expenses.
Along with the complete system, Happay also offers post-paid and pre-paid credit cards.
Features
Following are some of the major features of Happay software:
Offers mobile app for instant expense filling
Detect policy violations using the “Smart Audit Feature”
Post-paid and pre-paid credit cards
Automatic approval across the organization
Gives real-time spending visibility which provides good control over budget and expense
2. Expensify
Expensify also stands among the best expense management software. It enables companies to systemize and computerize expense and travel management. It gives a friendly interface that can easily useable. It also sports an app version that is available for Android and Mac.
Its mobile app offers a feature to take pictures of the expense as receipts or also take pictures of handwritten bills with mobile phones/ you can make and submit an expense report within one click. It makes the expense management process easy as well as saves costs and time for an organization.
Features
Offers a unique feature which is “SmartScan”
Customized software for managing the expense of a company
Gives the convenience of delegated access
Identify duplicity
3. ZOHO Expense Software
When it comes to the best expense management software then ZOHO is also one of them. It automates the expense and travel management of an organization. It works to help business to avoid manual errors and make the reimbursement process easy.
This software enables workers to rapidly scan, take, and store pictures of the receipts to manage the expense. It offers record keeping of expenses, which automates expense management. One of the best things, which make Zoho superior to other such software, is that it also offers accounting software that enables easy expense and travel management.
Features:
Following are some major features of Zoho
Automated system
Synchronize credit cards using the expense management software
Swift Approval process
Friendly expense management solution
4. SAP Concur
SAP Concur also stands among the best expense management software. It enables organizations to check out manual expense tracking and provides an expense management system. It offers better authority to organizations over their expense and processes complex processes easily.
It saves time, cost, and effort as well. Additionally, it enhances compliance with the travel policy, which gives a better experience to workers. It also offers access to the finance teams to extensive analytics, which makes expense management easy.
Features:
Following are some of the major features that this software offers:
- Computerized receipt management
- Expense categorization
- Currency conversion
- Integration of credit cards
- Offer mobile app with wonderful features