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Home Alternatives and Competitors

6 Best Expenzing Alternatives and Competitors

Aishwarya Srivastava by Aishwarya Srivastava
February 2, 2023
in Alternatives and Competitors
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best expenzing alternatives and competitors

Table of Contents

  • Alternatives to Expenzing
  • Why do you need Expenzing alternatives?
  • List of 6 Best Expenzing alternatives and competitors
  • TOP Expenzing alternatives (Comparative table of all competitors)
  • 6 Best Expenzing alternatives and competitors in detail
  • The importance of T&E software for different stakeholders in the company
  • 5 things should you look for in your travel and expense management software
  • About Expenzing
  • How to choose the best Expenzing alternative for your organization?
  • Conclusion

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.

top expenzing alternatives and competitors

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.

happay travel and expense management software

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

1. How do I use Happay?


Happay has a simple onboarding process. To use the Happay card, you only need to do the following – Get in touch with the Happay team

1. Get in touch with the Happay team
2. Visit website and schedule a demo with Happay
3. Sign up for Happay services
4. Work with the Happay team to work on your expense policy
5. Deploy the software solution in your organization

2. Where are Happay cards accepted?

Happay cards are accepted at ATMs. Visa merchant stores, both online and in-store, also accept Happay cards.

3. Was Happay acquired by Cred?

Yes, Cred acquired Happay in 2021.

4. Does Happay have TMC integrations?

Yes, Happay has integrations TMC with most famous TMCs like MakeMyTrip, FMC, Riyad, Thomas Cook, Nirvana, etc.

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.

expenzing alternatives and competitors itilite

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

1. What does ITILITE do?

ITILITE is a travel expense management and expense report software that digitizes the travel expense processes of an organization. 

2. Where is ITILITE’s headquarters?

ITILITE’s headquarters is located in Bangalore, India. 

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.

expenzing alternatives and competitors finly

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

1. Who uses Finly?

Finly is used by large, medium, and small businesses. The employees, approving managers, finance teams, and higher management can all use and benefit from Finly’s business software for different functions.

2. What kind of customer support does Finly have?

Finly gives you FAQs, call support, email support, chat support, a forum, and a knowledge database.

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.

expenzing alternatives and competitors sap concur

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

1. What is SAP Concur used for?

SAP Concur is used for travel and expense management automation.

2. Is SAP Concur free to use?

SAP Concur offers a 15 day free trial.

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.

expenzing-alternatives-and-competitors-fyle

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

1. Which company owns Fyle?

Steadview capital owns Fyle.

2. What is Fyle?

Fyle is an AI-powered expense management solution that is known for real-time receipt tracking. It tracks expenses using apps like G-Suite, Slack, Outlook, etc.

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.

expenzing alternatives and competitors expensify

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

1. What is Expensify used for?

Expensify is used for bill payments, expense tracking, card payments, invoicing, bookings, etc.

2. Is Expensify easy to use?

Expensify is an easy-to-use platform with a great user interface. You can learn and use Expensify easily.

3. How does Expensify scan receipts?

Expensify automatically scans receipts using its SmartScan feature.

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

1. What is Expensify used for?

Expensify is used for bill payments, expense tracking, card payments, invoicing, bookings, etc.

2. Is Expensify easy to use?

Expensify is an easy-to-use platform with a great user interface. You can learn and use Expensify easily.

3. How does Expensify scan receipts?

Expensify automatically scans receipts using its SmartScan feature.

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

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  • 10 Best Expense Management Software and Tools in 2023
  • 11 Best Billing Software for Small Business in 2023
  • 10 Best Travel Management Software and Systems in 2023
  • The Ultimate Guide to Travel and Expense Management…
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Discussion about this post

Table of Contents

  • Alternatives to Expenzing
  • Why do you need Expenzing alternatives?
  • List of 6 Best Expenzing alternatives and competitors
  • TOP Expenzing alternatives (Comparative table of all competitors)
  • 6 Best Expenzing alternatives and competitors in detail
  • The importance of T&E software for different stakeholders in the company
  • 5 things should you look for in your travel and expense management software
  • About Expenzing
  • How to choose the best Expenzing alternative for your organization?
  • Conclusion

Related Articles

  • 7 Best Zoho Expense Alternatives and Competitors
  • 10 Best Expense Management Software and Tools in 2023
  • 11 Best Billing Software for Small Business in 2023
  • 10 Best Travel Management Software and Systems in 2023
  • The Ultimate Guide to Travel and Expense Management…
  • 10 Best Expense Reporting Software Systems and Tools in 2023
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      • World Travel Card
      • Invoice
  • Card Stack
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    • Blog
    • Webinars
    • Ebooks
    • Happay FAQ
    • Customer Speaks
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© 2023 Happay

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