ALTO Exchange vs. Expensify

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ALTO Exchange
Score 10.0 out of 10
Enterprise companies (1,001+ employees)
ALTO Exchange is an invoicing solution that aims to reduce invoice processing costs by allowing your vendors to submit their invoices directly into your electronic invoicing system. According to the vendor, key benefits include: - Keep track of project costs with electronic invoicing. - Leverage dynamic discounting. - Allow suppliers to manage invoice disputes, convert POs to invoices, view real-time status of their invoice, at no charge to…N/A
Expensify
Score 7.2 out of 10
N/A
Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.
$0
per month
Pricing
ALTO ExchangeExpensify
Editions & Modules
No answers on this topic
Collect
$5
per month per user
Control
$9
per month per user
Offerings
Pricing Offerings
ALTO ExchangeExpensify
Free Trial
YesYes
Free/Freemium Version
YesYes
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Features
ALTO ExchangeExpensify
Expense Management
Comparison of Expense Management features of Product A and Product B
ALTO Exchange
-
Ratings
Expensify
7.0
9 Ratings
13% below category average
Employee Expense Reporting00 Ratings7.79 Ratings
Corporate Card Reconciliation00 Ratings6.34 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
ALTO Exchange
-
Ratings
Expensify
6.9
8 Ratings
15% below category average
Customizable Approval Policies00 Ratings6.97 Ratings
Financial Document Management00 Ratings7.24 Ratings
Payment Status Tracking00 Ratings6.66 Ratings
Payment Audit Trail00 Ratings7.85 Ratings
Duplicate Bill Detection00 Ratings6.77 Ratings
Advanced OCR00 Ratings7.18 Ratings
Electronic Funds Transfer00 Ratings5.94 Ratings
Best Alternatives
ALTO ExchangeExpensify
Small Businesses
vCita
vCita
Score 9.7 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
TimeCamp
TimeCamp
Score 8.7 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.8 out of 10
Enterprises
TimeCamp
TimeCamp
Score 8.7 out of 10
Webexpenses
Webexpenses
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ALTO ExchangeExpensify
Likelihood to Recommend
8.2
(1 ratings)
5.1
(97 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(8 ratings)
Usability
-
(0 ratings)
7.0
(1 ratings)
Support Rating
-
(0 ratings)
8.5
(42 ratings)
User Testimonials
ALTO ExchangeExpensify
Likelihood to Recommend
Innovation Centric Group
This is a good portal for accounting and even sales personel to use in their jobs if they are needing to access purchase orders from our customers
Read full review
Expensify
Expensify has been incredibly useful to me for many years. Considering I am using the free version, it's hard to find a better value! If your company does not have a good expense-capturing system, Expensify will save you hours on submitting reports. You can take a picture and toss the paper receipts right at the point of sale without worrying about losing them during your travels. If you have a small business, you can use it to track and organize regular expenses to make billable expenses and end-of-year taxes a whole lot easier.
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Pros
Innovation Centric Group
  • Clean easy to navigate interface
  • Excellent and accurate customer service
  • Easy to get activated for both customer and vendor relations
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Expensify
  • Submitting expenses. It's easy to enter an expense, choose a category, enter the dollar amount and submit it. That's about it.
  • Uploading receipts. You can send receipts to Expensify from your phone, or upload them from your computer.
  • Entering hours worked. It's simple to move from expenses over to timesheets to submit the hours that you've worked.
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Cons
Innovation Centric Group
  • When submitting an invoice and error is generated the error is not too clear on how to fix the issue
  • Ability to scan or upload PDF invoice to customer
  • Email confirmation that invoice has been successfully submitted
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Expensify
  • Make it easier to submit multiple receipts/files in one expense
  • Often times I get a warning that the value of a receipt doesn't match what I manually I inputted. So making Smart scanner a little smarter, essentially.
  • It would be fun to see stats about my expenses
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Likelihood to Renew
Innovation Centric Group
No answers on this topic
Expensify
We like using the tool and we receive positive feedback from employees and management who use the tool. It saves time and helps us concentrate on the value adding activities so we are very likely to keep using Expensify in the future
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Usability
Innovation Centric Group
No answers on this topic
Expensify
Mobile works great, but let's be honest. It's just a photograph. Their OCR and human turk technology works great to scan that photo and enter the proper information. The web interface is decent and allows you to work with single expenses in great detail. What's missing is the ability to mass update expenses, and this sometimes hurts, especially if you're a heavy user of the system.
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Support Rating
Innovation Centric Group
No answers on this topic
Expensify
Our rep has been amazing. He has built custom reports for us that have been very time consuming and difficult. Our reps are also currently looking into new submission solutions for us that we are excited about. They came up with this and recommended it on their own without me complaining about an issue. They are about our success and are very excited about the product they offer.
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Alternatives Considered
Innovation Centric Group
N/A this was setup by my customer for us to use
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Expensify
Concur was a great product as well but Expensify offers the ability to quickly upload expenses and submit reports just the same. There is no free version with Concur, so for a small business that's interested in keeping costs down I would highly recommend Expensify.
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Return on Investment
Innovation Centric Group
  • Too early to tell just started using it
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Expensify
  • Our organization no longer spends countless hours per month orchestrating the consolidation of data (MS Excel, typically) into our general ledger.
  • Our accounting department is no longer tasked with making sure the correct individuals have approved submitted reports.
  • Our accountants have a much easier time coding the reports that have been submitted by users. For the most part, we rely on users to code their submissions to the correct accounts.
Read full review
ScreenShots

ALTO Exchange Screenshots

Screenshot of DashboardScreenshot of Add new invoiceScreenshot of TemplatesScreenshot of Select approved POs and convert them to invoicesScreenshot of To-do's list

Expensify Screenshots

Screenshot of the Expensify financial management app for expenses and corporate cards.Screenshot of The Expensify Card, which offers up to 2% cash back and 50% off the monthly Expensify bill. It includes realtime alerts, spend limits, and auto-reconciliation.