Expensify vs. MileIQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Expensify
Score 9.0 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.
$5
per month per user
MileIQ
Score 9.5 out of 10
N/A
MileIQ 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
ExpensifyMileIQ
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
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
ExpensifyMileIQ
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ExpensifyMileIQ
Features
ExpensifyMileIQ
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
9.6
149 Ratings
16% above category average
MileIQ
9.9
2 Ratings
19% above category average
Employee Expense Reporting9.8148 Ratings9.92 Ratings
Corporate Card Reconciliation9.563 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Expensify
9.3
136 Ratings
15% above category average
MileIQ
9.3
1 Ratings
15% above category average
Customizable Approval Policies9.295 Ratings9.01 Ratings
Financial Document Management9.299 Ratings9.01 Ratings
Payment Status Tracking9.7110 Ratings00 Ratings
Payment Audit Trail9.888 Ratings10.01 Ratings
Duplicate Bill Detection8.9112 Ratings00 Ratings
Advanced OCR8.991 Ratings9.01 Ratings
Electronic Funds Transfer9.577 Ratings00 Ratings
Best Alternatives
ExpensifyMileIQ
Small Businesses
Dext
Dext
Score 9.6 out of 10
Dext
Dext
Score 9.6 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.3 out of 10
Precoro
Precoro
Score 9.3 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 8.0 out of 10
Emburse Chrome River
Emburse Chrome River
Score 8.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ExpensifyMileIQ
Likelihood to Recommend
9.6
(239 ratings)
9.9
(2 ratings)
Likelihood to Renew
10.0
(14 ratings)
-
(0 ratings)
Usability
9.6
(140 ratings)
10.0
(1 ratings)
Support Rating
8.5
(45 ratings)
-
(0 ratings)
Implementation Rating
9.5
(2 ratings)
-
(0 ratings)
User Testimonials
ExpensifyMileIQ
Likelihood to Recommend
Expensify
I think it's really good for small businesses. At least in the way we use it. It's very good for keeping an eye on employee spending in nearly real time. I'm not sure how it works for larger companies when there is a larger number of people to keep track of.
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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.
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Pros
Expensify
  • Easy to access online portal whether using a mobile device or desktop app
  • Receipts can be uploaded in a breeze and automatically categorized
  • Expense Reports are submitted monthly on autopilot
  • Expenses for gas is calculated on the app by entering the starting/ending destinations.
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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
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Cons
Expensify
  • I wish that I could sync accounts on the back end kind of like with banking software, so that Expensify would automatically port over receipts for recurring expenses as soon as they're available
  • It would be nice to one-click submit an expense all the way through instead of having to attach it to a report
  • Wackier profile icons? :) Not a big deal. This software is pretty much amazing as it is now, and typically the urge to update and modify very good software leads to poor outcomes!
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MileIQ
  • Integrate the paid version's admin console into the phone app for easier management.
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Likelihood to Renew
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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MileIQ
No answers on this topic
Usability
Expensify
My rating of 8 out of 10 for Expensify's overall usability reflects its strong performance in empowering individual users and streamlining core expense processes, while acknowledging that there are specific areas, particularly on the administrative or enterprise side, where the user experience could be further refined. Exceptional End-User Experience (for basic tasks).Automation & Time-Saving Features.Clear Workflow for Approvers. Why it's not a perfect 10 (areas for improvement that dock points): Limited corporate bank to choose from, limited multi-currency to pay to ( for instance, as a foreign corporatio,n i cannot pay with my US account to Israeli employees, or pay to our UK employees)
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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.
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Support Rating
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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MileIQ
No answers on this topic
Implementation Rating
Expensify
The implementation process went rather smoothly, linking it to the bank and cards was handled easily. without too many unnecessary steps. Getting the accounts setup did take some time, but that would be true with any organization. All in all things went smoothly and I was very pleased with the setup and implementation process
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MileIQ
No answers on this topic
Alternatives Considered
Expensify
It is definitely 10 times better than using an Excel spreadsheet. We are talking a digitized with AI type capabilities to do the work for you. It’s honestly a lifesaver. This beats manual calculations and data entry any day. Scanning 100 receipts and saving them to pdf files not only takes space on your storage but it is an extra unnecessary step
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MileIQ
No answers on this topic
Return on Investment
Expensify
  • We went from paying credit card fees with no approval process to a no fees and complex approval processes.
  • I personally save time in not having to develop a spend report I just have my admin assistent fill in the details of the auto generated report and it is done. Went from an hour long process to 5- 10 minutes max to prepare a high quality audit ready report.
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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.
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ScreenShots

Expensify Screenshots

Screenshot of the dashboard used to manage expenses, book travel, reimburse employees, and create expense reports.Screenshot of corporate cards. The Expensify Card offers cash back on every US purchase.