TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    ExpenseWire

    Score7 out of 10
    N/AExpenseWire is an online expense management product offered and supported by Paychex since the 2012 acquisition.N/A

    MileIQ

    Score9.4 out of 10
    N/AMileIQ provides automatic mileage tracking for deductions and expenses. It can be used by self-employed workers looking for a mileage deduction or large companies that want to get a handle on mileage expenses reports, and is presented as automatic, easy and accurate, by the company of the same name in San Francisco.

    $50

    per year per driver

    Pricing
    ExpenseWireMileIQ
    Editions & Modules
    No answers on this topic
    Teams Lite
    $50
    per year per driver
    MileIQ
    $59.99
    per year for individual use
    Teams Pro
    $100
    per year per driver
    Offerings
    Pricing Offerings
    ExpenseWireMileIQ
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Features
    ExpenseWireMileIQ
    Expense Management
    Comparison of Expense Management features of ExpenseWire and MileIQ
    Feature
    ExpenseWire
    -
    Ratings
    MileIQ
    10.0
    2 Ratings
    19% above category average
    Employee Expense Reporting00 Ratings10.02 Ratings
    Payment Management
    Comparison of Payment Management features of ExpenseWire and MileIQ
    Feature
    ExpenseWire
    -
    Ratings
    MileIQ
    9.3
    1 Ratings
    15% above category average
    Customizable Approval Policies00 Ratings9.01 Ratings
    Financial Document Management00 Ratings9.01 Ratings
    Payment Audit Trail00 Ratings10.01 Ratings
    Advanced OCR00 Ratings9.01 Ratings
    Best Alternatives
    ExpenseWireMileIQ
    Small Businesses
    Brex
    Score9 out of 10
    Brex
    Score9 out of 10
    Medium-sized Companies
    Expensify
    Score9 out of 10
    Expensify
    Score9 out of 10
    Enterprises
    Emburse Expense Enterprise (formerly Chrome River)
    Score8.3 out of 10
    Emburse Expense Enterprise (formerly Chrome River)
    Score8.3 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    ExpenseWireMileIQ
    Likelihood to Recommend
    5.0
    (1 ratings)
    10.0
    (2 ratings)
    Usability
    -
    (0 ratings)
    10.0
    (1 ratings)
    User Testimonials
    ExpenseWireMileIQ
    Likelihood to Recommend
    Paychex Inc.
    Our organization was able to get a deep discount on the product, so it's suited for small businesses that are very cost conscious that just need basic tools. It's best to evaluate your accounting platform and how the information can flow from ExpenseWire to the financial application, since what we use currently doesn't allow automatic sync, which might be problematic in many cases.
    Incentivized
    Read full review
    MileIQ
    MileIQ is a great tool for users that need to track their own business mileage to claim on expense reports. The phone app is easy to set up and use when classifying drives. it will occasionally ask you if you want to auto-classify frequent drives to further minimize the manual tasks of tracking mileage.
    Incentivized
    Read full review
    Pros
    Paychex Inc.
    • Ability to directly reimburse employees' bank accounts on the application itself; no need to do a separate wire/ACH payment via the company bank
    • Keeps track of all receipt submissions and you can view them on the application
    • Approval flow meets our needs
    Incentivized
    Read full review
    MileIQ
    • track mileage very accurately
    • easily categorize business versus personal trips
    • reports are quite simple to generate and forward to DEXT
    • settings are easy to set-up for proper government approved mileage rates
    Read full review
    Cons
    Paychex Inc.
    • Increase ability to integrate with different accounting platforms automatically (we use Xero)
    • Enhance the ability to generate more types of reports with different field combinations
    • User interface is not as user friendly compared to other solutions
    Incentivized
    Read full review
    MileIQ
    • Integrate the paid version's admin console into the phone app for easier management.
    Incentivized
    Read full review
    Usability
    Paychex Inc.
    No answers on this topic
    MileIQ
    MileIQ is extremely easy to use. The phone app has a great flow. Drive classification can be as easy as swiping left and right. Users can access their reports in 2-3 steps. The admin console is easy to navigate and makes it simple to invite new users and remove old ones.
    Incentivized
    Read full review
    Return on Investment
    Paychex Inc.
    • Less time spent inputting/tracking expenses
    • Positive employee feedback (greater satisfaction as compared to Excel)
    Incentivized
    Read full review
    MileIQ
    • Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
    • Easily integrates with our Expense Management System and Accounting packages
    • No manual intervention at all required by employees - no tracking required on their part.
    Read full review
    ScreenShots