#1 most frequent
United States of America
87.5%414 installations of 473
What is Brex?
Brex headquartered in San Francisco offers a corporate card for expenses, ecommerce, as well as rewards card, and travel expense management.
Categories & Use Cases
Videos
Top Performing Features
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 8.6
Employee Expense Reporting
Allows companies to track employee expenses to make cost-effective decisions.
Category average: 8.7
Advanced OCR
Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.
Category average: 8.3
Areas for Improvement
Payment Status Tracking
Tracks what stage payments are at in the process, from approval to receipt.
Category average: 8.8
Payment Audit Trail
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
Category average: 8.6
Electronic Funds Transfer
Funds can be transferred via EFT as opposed to paper checks.
Category average: 8.7
Who Buys & Uses Brex
#2 most frequent
Canada
2.5%12 installations of 473
#3 most frequent
Australia
1.3%6 installations of 473
Brex experiences as a mid size start up
Use Cases and Deployment Scope
We use Brex for reimbursements, company cards and some of our transactions with contractors and other vendors. The finance team also uses for general money and expense management.
Pros
- Reimbursements
- Company cards
- Paying vendors
Cons
- Could be easier to track team usage
- Could be easier to submit reimbursements
Return on Investment
- Freed up the finance team by allowing more team members to make payments
- Have an easier way to submit reimbursements
- Track team member spend
Usability
Other Software Used
Slack, Heymarket, Dialpad Connect
Spend Management made user friendly.
Use Cases and Deployment Scope
Digital cards given to multiple people across the org to use them for their respective spends -Tracking done by the Finance team -Same platform is used to communicate about the spends.
Pros
- UI / UX is pretty intuitive.
- Pretty easy to figure things out within the platform.
- Ease of use of a card.
- Simple to add or create a new card.
- Communication within is great.
Cons
- Flagging of suspicious spends if they are out of the range that is usually used.
Return on Investment
- All our spend is now in one platform.
- No need of external google sheets.
- Everyone is accountable for their own cards and spends and it has a trail.
- Audit is easy for the Finance team.
Usability
Other Software Used
lemlist
Great product for early stage start-ups
Use Cases and Deployment Scope
We needed a corporate credit card that we could get as non-US founders and found Brex to be the right solution. We use Brex as our main credit card provider. More specifically, we use Brex to track our spending and collect rewards. We are also using the rewards that they're offering.
Pros
- Cashback
- Support
- Rewards
Cons
- Mobile support
- Blocking transactions
- Card delivery
Most Important Features
- 24/7 support
- Multiple credit cards
- Rewards
Return on Investment
- No actual impact ROI, but saved us a ton of time
Alternatives Considered
Mercury
Other Software Used
Brandwatch, Buffer, Sprout Social
Credit where credit is due
Use Cases and Deployment Scope
Brex makes it easy for us to create corporate virtual cards for various departments and company leaders. It's easy to search transactions and it offers good perks from the points for spending. We haven't used the money side as much, but appreciate the tech-friendly user interface compared to our boring normal bank.
Pros
- Create virtual cards
- Easily search spending
- Good perks
Cons
- It can be somewhat confusing to transfer money between the credit card and bank side
- More help identifying areas of overspending
- More help tracking spending around specific accounts
Most Important Features
- Line of credit
- Easy to use interface
- Easy to search transactions
Return on Investment
- Easy to track spending by department
- Easy to understand expenses - improved expense control
- Able to pre-pay for expenses via line of credit
Alternatives Considered
Ramp Finance Automation Platform
Other Software Used
Asana
Watch out American Express - Brex is here to stay! The most impactful software since I started my career
Pros
- Reward points on all spend - especially on software as a service (SaaS) which is a large source of expenditure for our business
- Expense management system which allows us to intelligently manage all employees
- Dynamic expense limits to adjust expenditure based on seniority, time of year, tenure etc.
- Fantastic mobile app to monitor usage and upload notes/receipts
- Great travel booking system - something we haven't fully utilized yet
Cons
- This is unusual but I struggle to write con's - everything has been seamless so far
- Perhaps they could improve the UI/UX for uploading receipts when there are multiple photos
Return on Investment
- Realized return on all expenditure through points where previously this wasn't seen at all in the business
- Ease of use and general increase in employee satisfaction. It would typically take one full day to lodge expenses at previous companies - now it takes a matter of seconds
- Access to credit at an affordable rate
Alternatives Considered
Expensify
