Airbase is a great Vendor and Spend management tool
February 05, 2024

Airbase is a great Vendor and Spend management tool

Shane Vogelsberg | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Enterprise

Overall Satisfaction with Airbase

We use Airbase to approve POs, purchase requests, and invoices as well as vendor management. I am the FP&A (financial planning & analysis) approver for all requests within Airbase and have found Airbase to be a very easy to use tool even compared with similar tools I have used at previous opportunities. It's been very beneficial to dig into actual expenses and give context to the budget owners in our reviews.
  • Vendor views including invoices, contracts, and payments.
  • Approval paths for purchases that give the right stakeholders a say.
  • Comments and tagging functionality in the approvals for when questions arise.
  • I'm not sure if this is an Airbase limitation or how we set up it but more control over where the expenses get assigned in terms of departments.
  • We've been able to catch oversized spend with the Airbase approval process and renegotiate deals more in line with out expected usage which has saved us money.
  • Leveraging Airbase has helped us more accurately budget and forecast future periods.
Accounting typically selects which software we use and being in FP&A I'm typically leverage the tool for approvals and to get more insights into vendors and spend. For my use case, I think all 3 are comparable and think Airbase stacks up well against the competition. I'm not sure how they compare on price.

Do you think Airbase delivers good value for the price?

Not sure

Are you happy with Airbase's feature set?

Yes

Did Airbase live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Airbase go as expected?

I wasn't involved with the implementation phase

Would you buy Airbase again?

Yes

Airbase has been a very important tool for FP&A. Airbase has allowed us to regulate material spend to ensure that we are staying within budget which has been super important, especially in the current economy. Airbase gives us the visibility that we need to be able to keep the budget owners informed. It's a great tool for vendor and spend management and we've been very pleased with it.

Airbase Feature Ratings

Automated Accounts Payable Processes
10
Vendor Management
10
Customizable Approval Policies
10
Financial Document Management
10
Payment Status Tracking
10
Payment Audit Trail
10
Duplicate Bill Detection
Not Rated
Advanced OCR
Not Rated
Electronic Funds Transfer
Not Rated