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Expensify

Score9 out of 10

588 Reviews and Ratings

What is Expensify?

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.

Media

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.

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Screenshot of the dashboard used to manage expenses, book travel, reimburse employees, and create expense reports.

Top Performing Features

  • Employee Expense Reporting

    Allows companies to track employee expenses to make cost-effective decisions.

    Category average: 8.6

  • 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: 8.5

  • Payment Status Tracking

    Tracks what stage payments are at in the process, from approval to receipt.

    Category average: 8.7

Areas for Improvement

  • Financial Document Management

    Invoices, expense reports, and associated documents are stored within the platform for any future needs.

    Category average: 8.6

  • Duplicate Bill Detection

    Detects duplicate invoices or expense reports to prevent double payments.

    Category average: 8.1

  • Advanced OCR

    Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.

    Category average: 8.2

Expensify for the WIN And there really are no 2nd or 3rd place finishers. Its Expensify or its nothing after 35 year professional career.

Use Cases and Deployment Scope

I am an outside sales account manager. I use Expensify for submitting work reimbursement expenses.

Pros

  • EASY TO USE.
  • Love the simplicity - words, interacting.
  • I have been working professionally for 35 years, and Expensify is the most intuitive reimbursement software I have ever used.
  • Quick turnaround between end users (sales reps) and the company admins.

Cons

  • I have no examples, as Expensify is the best reimbursement program I have used in my 35 years of professional work.

Return on Investment

  • POSITIVE IMPACT - I have a ton of work-related expenses & Expensify is the best software I have ever used!!!!!!!!!!!!!!!!

Usability

Alternatives Considered

SAP Concur

Other Software Used

S4 for Salesforce, Metronome

A trusted financial app

Use Cases and Deployment Scope

We use Expensify to reimburse expenses. You submit the receipt and expense details, and then the company pays you back. We can use it to buy books or conference tickets, as well as to cover restaurant expenses during client meetings.

Pros

  • Uploading payment information and receipts
  • Automating the process of reading receipt data
  • Organizing the type of payment.

Cons

  • An option to save 'favorite' or frequent categories/merchants, since we typically submit the same types of expenses.

Return on Investment

  • Time Efficiency: It significantly reduces administrative work by allowing employees to scan and submit expenses in seconds rather than manually filling out spreadsheets.
  • Faster Reimbursements: in less than a month you get your money back
  • It keeps business travel and client entertainment expenses organized in real-time while minimizing human error in categorization.

Usability

Alternatives Considered

Navan

Other Software Used

Trello, Google Calendar, Google Drive

Excellent and Easy to use.

Use Cases and Deployment Scope

We used Expensify to process reimbursements for company-related travel expenses. We are a company of roughly 8000 people. People on Teams usually use Expensify to track receipts and company spending while traveling for business. Expensify is also used to reimburse other out-of-pocket expenses the company covers, such as team swag, conference or event expenses, or other miscellaneous expenses.

Pros

  • Splitting receipts among many people.
  • Automatically detecting the amount from a receipt.
  • Automatically detecting the currency from a receipt.

Cons

  • It'd be nice if it were easier to upload a large number of receipts at once.
  • Rather than texting images and converting their formats, it would be easier to input multiple image formats.
  • Being able to directly upload images from an iPhone to an app would be much easier.

Return on Investment

  • For all, it's been much better for the company.
  • I think it has made it easier for folks to travel for work without needing credit cards.
  • Makes it easier to split bills among several teammates.

Usability

Expensify my best support when travelling

Use Cases and Deployment Scope

Expensify makes my life much easier, when travelling for work I don't worry anymore about keeping receipts, reviewing claims and keeping my overall expensing life in shape. Expensify makes it all so much easier by allowing me to expense on the go whilst away. I've had previous experiences with other expensing tools and none are so hassle free.

Pros

  • snap to expense
  • auto read receipts
  • easy user interface

Cons

  • Follow the status of different expense claims

Return on Investment

  • Makes my travels easier, for sure.

Usability

Alternatives Considered

Emburse Chrome River

Great tool

Use Cases and Deployment Scope

I highly recommend Expensify! I work for DEPT® Agency, a global company, and when I worked in the UK, I was lucky enough to use Expensify for both approvals and submissions of expenses. Now I work in Spain and use it only for approving expenses of my team (and sadly, I am forced to submit my own expenses with a Google Sheet which is time consuming and often very delayed because of the administrative headache!) Expensify ensures expenses are organised in a consistent way, validates data with the receipts, identifies questions / errors / missing data - ensuring approvals can be done with minimal effort. It has alerts and notifications as well as automatic submission of completed receipts each week so that employees are paid regularly for any work related outgoings.

Pros

  • Easy and intuitive
  • Ensures timely payments to employees
  • Autofills data from digital receipts
  • Minimises loss of data by removing the need for paper recipts
  • very friendly mobile app
  • auto-submission of approved expenses

Cons

  • no recommendations for improvement!

Return on Investment

  • manual time is hugely reduced!

Usability