We are excited to announce the Top Rated Expense Management Software for 2019! Top Rated awards showcase today’s top-of-the-line products in Expense Management Software based solely on user feedback and satisfaction scores. These awards make the voice of the market the primary decider into the industry’s best products.
Top Rated awards are the most trusted in the industry because they are never influenced by analyst opinion, the vendor’s size, popularity, or status as a TrustRadius customer.
Here are the winners:
Expensify is an expense management software that has intelligent automation built in. Receipt entry is efficient with mobile receipt capture via a mobile app. Expensify can then automatically categorize and submit that expense for reimbursement. Expensify has impressive integration with travel partners, corporate credit cards, and accounting software. More than half (57%) of Expensify users on TrustRadius are from mid-sized companies. Reviewers recommend Expensify for its integration capabilities.
“At Numerify, we use Expensify to log all expenses, from entertaining clients, to transportation, to travel related meals, and more. We also use a travel booking software, which has seamless integration with Expensify so that all of our airfare and hotel expenses automatically sync with Expensify, which makes it very convenient.”– Rachel Tugender | Account Executive in Software | IT and Services Company
Certify is a web-based expense management software solution that offers automated expense report creation and mobile receipt capture. This automation helps reduce manual entry errors. Certify offers its users dashboards for reporting, tools to analyze spending categories, built-in policy controls to enforce company travel guidelines, software training, and tech support. In addition to expense management, Certify also offers travel services, vendor invoicing, and purchasing tools for an additional fee. A little more than half (56%) of Certify users on TrustRadius are from mid-size companies. Users consistently appreciate Certify’s mobile app and mobile receipt capture system.
“We track employee expenses and mileage. It simplifies the entire process from entering expenses with receipts to the manager approval level in an easy to use mobile app or desktop. Accounting is able to simply download transactions into the accounting software rather than manually entering. Reports are easy to use.”– Debbie Cochran | Staff Accountant | Financial Services Company
Concur Travel and Expense
Concur, from SAP Concur, offers a comprehensive finance solution that encompasses travel, expenses, vendor invoices, and industry compliance in combined or standalone modules. Concur Travel and Expense is a combination of the travel management module in addition to the expense management module.
Concur Travel lets companies manage employee travel by having full visibility to employee travel plans, accessing negotiated travel prices when booking travel, and enforcing internal travel guidelines. These travel plans then fully integrate and import to the expense management portal. The multi-currency Concur Expense portal features include auto-population of expense reports, mobile receipt capture, and integration with third-party tools and applications. Analyze your spending with reporting, dashboards, and analytics. The majority (74%) of Concur Travel and Expense users on TrustRadius are from enterprises. Users recommend Concur Travel and Expense for the integration of travel and expense reimbursement.
“We are a growing company and this is our first travel and expense software system. This system is helping to streamline the expense reimbursement procedure, track all company credit card charges & credits, and it makes our accounting department’s job easier. We like having our travel parameters, preferences and company preferred choices available first to employees.”– Alissa Hamilton | Manager in Human Resources | Machinery Company
Concur, from SAP Concur, offers a comprehensive finance solution that encompasses travel, expenses, vendor invoices, and industry compliance in combined or stand alone modules. Concur Expense focuses solely on expense management.
Concur Expense offers its users features such as mobile receipt capture, automated workflows, auto population of expense reports, analyzation tools, and tools to enforce company finance policies. Concur Expense also integrates with other productivity tools. Users from enterprises make up the majority (68%) of Concur Expense users on TrustRadius. Reviewers appreciate the convenience of Concur’s mobile app.
“Currently, all users in the organization rely on Concur Expense to submit and track their monthly expenses. Through utilization of both the web-based platform and the app on their mobile devices, team members are able to photograph their receipts and have the OCR perform its analysis of the expense by automatic allocation to their expense portal, simplifying their submission to their manager for approval.”– Verified User | Manager in Information Technology | Automotive Company
MIP Fund Accounting
Fund accounting is a method of bookkeeping used by nonprofit organizations that illustrate accountability, rather than profitability. MIP Fund Accounting (formerly Abila MIP Fund Accounting) from Community Brands is a comprehensive fund accounting solution for nonprofits and government financial agencies. It focuses on the entire accounting picture, including payroll, HR, purchase request approval, fixed assets, general ledger, expense tracking, and more. MIP Fund Accounting is available as a one-time purchase or as a cloud-based subscription model. Most (61%) of MIP Fund Accounting users on TrustRadius are from mid sized companies. Reviewers appreciate MIP Fund’s responsive help and tech support.
“We utilize MIP Fund accounting for all of our accounting needs. We are a program based company, so we track revenue and expenses per program and general funds. All of the accounting/finance department currently utilizes the entire program and we are starting to make limited access budgeting available to program managers… This packet enables them to track their progress on fund spending, expense tracking, and available funds after encumbrances.”– Eris Tanner | Sr. Accountant/Controller | Non-Profit Organization Management
Congratulations to the winners of the Top Rated Expense Management Software Award!
What is Expense Management Software?
Expense management software automates the expense management process by managing, processing, and reimbursing employees for business expenses. Using software to manage expenses provides several benefits. Automated approval workflows help streamline the approval process. Tracking and organization allows for easy auditing of employee reimbursements. Tools help analyze spending and cost savings opportunities by employee, category, or department.
Most expense management software offers several features which simplify the expense process. Mobile receipt capture helps eliminate lost receipts and streamlines the reimbursement process. The best expense management software offers automatic expense report generation and automatic import of spending from accounts or credit cards. Finally, look for integration with key industry partners, such as travel, HR, accounting and tax software.
Top Rated Criteria
Products included in the 2019 Top Rated Expense Management Software list must have been in the top tier of their category TrustMap as of September 12th, 2019. To qualify for the Expense Management Software Top Rated Award, products must have at least 10 reviews written within the past year, a TRScore of at least 7.5 out of 10, and must receive at least 1.5% of the traffic in their category. Every reviewer is verified and every review is vetted before publication. Products are plotted on the TrustMap based on end-user data, including users’ likelihood to recommend scores as well as buyer research patterns. To learn more about TrustMaps and Top Rated methodology, check out this page.