6 Best Expenzing Alternatives and Competitors

Alternatives to Expenzing

“You have no control over the market. You can’t predict where it will go, and you can’t bring it back from the depths. What you can do is save more.” – Jean Chatzky

With the shifting market landscape and looming uncertainty over financial success, the pressure to increase savings and maintain budgets keeps increasing for finance officials.

Gone are the days when businesses could rely on manual processes to manage employee expenses. In the present-day fast-paced world where digital technology is a given while employee honesty is not, business travel process automation is the need of the hour.

Expenzing is an end-to-end travel management solution that streamlines all organizational processes. It automates the entire travel workflow, from travel planning to travel expense reimbursement.

Why do you need Expenzing alternatives?

Expenzing is an all-in-one corporate travel management solution. However, many platforms in the market do what it does and more.

It is crucial for you to stay updated on all your options before you pick to adopt travel management software. Travel management technology is constantly evolving. Different platforms introduce new features all the time. There might be certain features that Expenzing’s competitors have that are more relevant to your needs than Expenzing.

List of 6 Best Expenzing alternatives and competitors

• Happay
• Finly
• ITILITE
• SAP Concur
• Fyle HQ
• Expensify

TOP Expenzing alternatives (Comparative table of all competitors)

Product	Smart Audit	Credit Card Integration	Dedicated Analytics Module	Petty Cash Module	Dedicated Accounts Payables Management	GST Automation	24/7 Support
Happay	Yes	No	Yes	No	Yes	Yes	Yes
Finly	No	Yes	No	Yes	Yes	No	No
ITILITE	No	Yes	No	No	No	No	No
SAP Concur	No	Yes	Yes	No	Yes	No	Yes
Fyle HQ	No	Yes	No	No	No	No	Yes
Expensify	No	Yes	No	No	No	No	No

6 Best Expenzing alternatives and competitors in detail

1. Happay

Introduction

Happay is an integrated expense management SaaS tool that addresses all expense management problems. Happay’s mobile-enabled data capture tool can automate your expense creation and filing process. The Smart Audit feature can automatically flag policy violations.

The AI-empowered tool also allows you to customize workflow approvals and accelerate reimbursement. Happay also helps maintain better relationships with service providers by giving you a complete insight into vendor payments. You can use that information to strike the best deals that suit you.

Top features

• GST automation
• Real-time data tracking
• Instant updates of the reimbursement process for employees
• Expense reconciliation
• Smart analytics
• Customized approval workflows
• Mobile app
• API integrations with ERP or human resources software

Expenzing Vs Happay

Feature	Happay	Expenzing
Corporate credit card integrations	Yes	No
Expense claim creation	Yes	Yes
Expense tracking	Yes	Yes
Customizable approval workflows	Yes	No
Dedicated analytics module	Yes	No
Third party integrations	Yes	Yes
Dedicated petty cash module	Yes	No

FAQs – Happay

Also, Read: Happay Travel and Expense Management

2. ITILITE

Introduction

ITILITE is also an integrated travel and expense management software. It facilitates functions like expense report filing, approvals, reimbursements, travel bookings, etc. It also gives you complete visibility into employee spending. Its analytics tools summarize and comprehensibly produce reports detailing patterns in employee spend behavior.

Top features

• Automatic receipt capture
• Digital receipt management
• Cost-efficiency incentives for employees
• Automated workflows
• Mobile functionality

Expenzing Vs ITILITE

Feature	ITILITE	Expenzing
Accounting software integration	Yes	Yes
Activity dashboard	Yes	Yes
Activity tracking	No	Yes
Budgeting/Forecasting	No	Yes
Online booking	Yes	No

FAQs – ITILITE

Future Read: 8 Best ITILITE Alternatives and Competitors

3. Finly

Introduction

Finly is a cloud-ready business spend management software. It is equipped with features like instant data capture, OCR technology, automatic expense claim creation, automated reimbursements, etc. Finly aims to simplify your t&e management process by integrating with your existing ERP software.

Top features

• Automated expense claim filing
• Quick approvals
• Business expense reconciliation 
• OCR receipt capture technology 

Expenzing Vs Finly

Feature	Finly	Expenzing
Accounting integration	Yes	Yes
Currency conversion	No	Yes
Audit management	Yes	No
Fraud detection	Yes	No
Financial analysis	No	Yes

FAQs – Finly

Future Read: 7 Best Finly Alternatives and Competitors

4. SAP Concur

Introduction

SAP Concur offers travel, expense, and invoice automation features to organizations that want to streamline their spend management practices. It works with your SAP ecosystem to seamlessly integrate with your existing setup.

Top features

• Expense report creation
• Corporate credit card integration
• Smart categorization
• Currency conversions
• Invoice processing
• Android app

Expenzing Vs SAP Concur

Feature	SAP Concur	Expenzing
Smart categorization	Yes	No
Budgeting/Forecasting	No	Yes
Expense tracking	Yes	Yes
Financial analysis	No	Yes
Invoice management	Yes	Yes

FAQs – SAP Concur

Future Read: 5 Best SAP Concur Alternatives and Competitors

5. FyleHQ

Introduction

Fyle’s expense management system helps organizations at three levels- employees, managers, and finance officials. From single click report creation to simple approvals to efficient reimbursement disbursements, FyleHQ streamlines all expense management functions expertly.

Top features

• Receipt capture
• Automated approval workflows
• Automatic credit card reconciliation
• Mileage tracking

Expenzing Vs FyleHQ

Feature	Fyle HQ	Expenzing
Accounting integration	Yes	Yes
Audit management	Yes	No
Audit trail	Yes	Yes
Expense claim creation and tracking	Yes	Yes
Budgeting/Forecasting	Yes	Yes

FAQs – Fyle

Also, Read: Expense Accounting Meaning and Types

6. Expensify

Introduction

Expensify is an expense management software company made for both personal and business use. Expensify has some free features like expense tracking, corporate cards, quick reimbursement, automatic invoicing, travel booking, etc.

Top features

• Next-day reimbursement
• Invoicing
• Travel booking
• Bill payments
• Automated expense reporting process

Expenzing Vs Expensify

Feature	Expensify	Expenzing
Approval workflows	Yes	No
Spend categorization	Yes	No
Currency conversation	Yes	Yes
Fraud detection	Yes	No
Mobile receipt upload	Yes	Yes

FAQs – Expensify

Quick Read: Corporate Booking Tool: Types, Benefits

The importance of T&E software for different stakeholders in the company

Travel and expense software can help you enforce travel expense policies, accelerate approvals and reimbursements, and increase the overall cost-efficiency of the travel and expense management process.

Using travel and expense management software can help curtail cost leakages in multiple departments instead of manual expense management. Let’s look at the difference between manual and automated travel and expense management.

Quick Read: A Guide to Travel and Expense Management

5 things should you look for in your travel and expense management software

Your expense management software should ideally have the following features.

1. Travel policy enforcement and compliance

An expense management platform should have tools that help you enforce your travel policy. These tools can be anything from advanced audit features to hard pre-spend controls.

2. Automated reimbursement workflows

Automation is an essential component of modern expense management. Automated workflows accelerate the reimbursement process. This reduces the financial burden on the employees.

3. Receipt capture technology

One of the most challenging travel and expense management tasks is expense claim creation. When done manually, it can take the employee hours to file it. Receipt capture technology allows travelers to instantly capture receipt data and file it as an expense claim on the go.

4. Expense fraud checker

Expense fraud is one of the biggest issues that finance officials face in an organization. Ensure that your expense management software has mechanisms to identify and prevent expense fraud.

5. Centralized communication

Pre-trip planning and approvals take days when done manually. Choosing expense management software with an integrated communication channel can save a lot of tedious back and forth.

About Expenzing

Introduction to Expenzing

Expenzing is a cloud-based expense management and sourcing and procurement software company based in Mumbai, India. Their Employee Expense Controller platform aims to streamline the employee expense management of a company by automating its key processes.

Expenzing has features like expense claim creation, automated approvals, reimbursement automation, etc., which gives organizations high control over travel spending.

What can Expenzing and its alternatives do for your company?

Expenzing and its alternatives can help your company in the following ways. Let’s see what expense management automation can do for your company.

• Reduce cost-leakages and save money
• Shorten the reimbursement turnaround time to make employees happy
• Give complete visibility over your company’s spending
• Offer accurate insights into spend behavior and trends
• Easy report validation makes smart audits easy

FAQs- Expensify

Also, Read: What is Petty Cash Book and Format?

How to choose the best Expenzing alternative for your organization?

STEP 1: Analyze your past spend data and employee spend behavior

Start by analyzing your company’s expense database. Study your biggest costs and past employee spend behavior to identify recurring patterns.

STEP 2: Identify your expense management needs

After studying past spending behavior patterns, identify your main expense management needs. You may need the receipt capture feature more than credit card integration.

STEP 3: Prioritize your needs

Rank expense management software features according to priorities. Establish a hierarchy of features. You can also tag certain requirements as ‘negotiable,’ ‘important,’ and ‘can do without’ to make the final decision-making easier.

STEP 4: Compare different alternatives

Gather information about different expense management software. This listicle will give you the basic information you need to start your research. You can shortlist a few software using this guide. Next, go to the respective websites of these alternatives and get in touch with their sales teams.

STEP 5: Take a demo

Ask the sales team for price points. Shorten your shortlist based on your budget. As a last and final step, take a demo or free trial for all the shortlisted products. Pick the product that is easily adaptable to the existing processes in your organization.

Must read: Automate your expense management

Conclusion

Picking the right expense management software can do wonders for your processes. While picking the most cost-effective option, also try to focus on high-priority features that can deliver the highest return on your investment. This guide can help you understand which platforms are good for your organization.

Get Happay Travel and Expense Management Software – Schedule a Demo