Expensify vs. TravelBank

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
TravelBank
Score 3.0 out of 10
N/A
TravelBank, headquartered in San Francisco, offers their travel management for businesses, featuring booking management, travel policy management, spend tracking and management, and other features.
$12
per user/per month
Pricing
ExpensifyTravelBank
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
Expenses
$12
per user/per month
Travel
$15
per month
Premium Expenses and Travel
Custom Pricing
Offerings
Pricing Offerings
ExpensifyTravelBank
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ExpensifyTravelBank
Considered Both Products
Expensify
TravelBank
Chose TravelBank
I have used Expedia.com, Travelocity.com, Delta.com, and many other sites/apps. None of them offer the employee incentive to save the company money and none of them, to my knowledge, sync with Expensify. TravelBank just makes booking business travel easier for both the end user …
Chose TravelBank
Expensify seems like a superior product. They make things simple. You can forward your email receipts to them to automatically scan and report are automatically submitted weekly.
Chose TravelBank
Much easier on the eyes to read and use. This app needs a few more small items added but does not need to become a super powerful expense app. The simplicity is why I use it.
Chose TravelBank
I used Concur at a previous employer. I'd say that the Concur booking experience is more polished, but the TravelBank's rewards are pretty compelling.
Features
ExpensifyTravelBank
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
9.7
149 Ratings
16% above category average
TravelBank
-
Ratings
Employee Expense Reporting9.8148 Ratings00 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
TravelBank
-
Ratings
Customizable Approval Policies9.295 Ratings00 Ratings
Financial Document Management9.299 Ratings00 Ratings
Payment Status Tracking9.7110 Ratings00 Ratings
Payment Audit Trail9.888 Ratings00 Ratings
Duplicate Bill Detection8.9112 Ratings00 Ratings
Advanced OCR8.991 Ratings00 Ratings
Electronic Funds Transfer9.577 Ratings00 Ratings
Best Alternatives
ExpensifyTravelBank
Small Businesses
Dext
Dext
Score 9.6 out of 10
Rippling
Rippling
Score 9.0 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.4 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 7.9 out of 10
Emburse Chrome River
Emburse Chrome River
Score 7.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ExpensifyTravelBank
Likelihood to Recommend
9.6
(239 ratings)
7.0
(14 ratings)
Likelihood to Renew
10.0
(14 ratings)
-
(0 ratings)
Usability
9.6
(140 ratings)
-
(0 ratings)
Support Rating
8.5
(45 ratings)
7.8
(6 ratings)
Implementation Rating
9.5
(2 ratings)
-
(0 ratings)
User Testimonials
ExpensifyTravelBank
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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TravelBank
The company-wide implementation of TravelBank greatly increased the efficiency of our expense reimbursement process. It mitigated many pain points such as errors, inconsistencies, and missing information in our manual Excels that were very hard to version control and track through the approval/reimbursement process. Overall, TravelBank has made all of our lives easier!
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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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TravelBank
  • TravelBank encourages employees to book lower cost flights and hotels. Employees receive half the difference between the average cost for the service and the cost the company is paying in the form of vouchers for Amazon/Airbnb etc. For example, if the average cost of a flight from SFO to JFK is $500, and the employee books a $400 flight, the employee gets $50 and the company saves $50.
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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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TravelBank
  • It was hard to find a good hotel in my budget.
  • I wish I could get the incentives back in cash.
  • I have trouble using the user interface and wish I could store my common searches easier bcecauseI usually only travel to one place.
  • They need to have a better search tool. Like, if a hotel is unavailable it still needs to come up in the search bar -- not necessarily on the map or home screen, but it would help to see all options if I search because for some reason a ton of hotels that I know have open rooms do not show up.
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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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TravelBank
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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TravelBank
No answers on this topic
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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TravelBank
The TravelBank team came in for a Lunch and Learn, which was great! Our account team spent a lot of time walking through all of the features and capabilities of TravelBank, as well as tips and tricks for using the online platform and the app. This was tremendously helpful! Also, whenever we need to contact customer support if we are experiencing and difficulties, they are beyond responsive and very helpful!
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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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TravelBank
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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TravelBank
It is much easier to use than Concur, but typically Concur is mandated to use. We also quickly tried other apps but found that TravelBank was the best. Other apps had issues in trying to recognize the amount if a tip was added and often failed. This is why I like entering in the actual value.
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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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TravelBank
  • I'm not in the finance department, but I'd guess our travel spend per employee has reduced since we started using TravelBank.
  • We now have one travel supplier, with flights and hotels paid from a central account, rather than everyone booking through a variety of channels with their own card. In case of emergency, the company knows which flight you're on, which hotel you're staying at.
Read full review
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.