ExpenseWire vs Visual Lease

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Our analysts compared ExpenseWire vs Visual Lease based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

ExpenseWire Software Tool

Product Basics

Expensewire is a SaaS expense management software that helps businesses of any scale and size. It manages, simplifies and organizes expenses while ensuring compliance and expediting reimbursements. The module eliminates excessive spending and helps users take control of the organization’s reporting submissions, approvals, and more. Take advantage of on-the-go access to submit, review and manage expenses with its mobile capabilities.
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Visual Lease provides a comprehensive software platform designed to assist businesses with lease accounting and administration. The software is particularly beneficial for companies managing multiple or complex leases, offering a centralized system to track and organize lease data. Visual Lease helps streamline lease management tasks, improve compliance with accounting standards, and reduce overall lease costs.

Key features include lease payment tracking, maintenance scheduling, report generation, and compliance monitoring. The software's pricing falls within the mid-range for similar products and offers various payment options. Customer support is also highly regarded. Visual Lease integrates with other financial systems, providing a seamless experience for managing lease accounting alongside other financial processes.

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On-Premise
Mobile
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On-Premise
Mobile

Product Assistance

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Knowledge Base
24/7 Live Support
Email
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FAQ
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Knowledge Base
24/7 Live Support

Product Insights

  • Mobile: Access data, capture and upload receipts, review and approve the expense anytime and anywhere with a stable internet connection.  
  • Flexible: Work with any credit card and seamlessly integrate with the existing payroll, accounting system or CRM. Automate approval workflows and approve reports quickly and easily.  
  • Relaible: Get the business up and running in no time with its uptime of 99.9%. Save time with its automatic data tracking, editing and submissions. Boost productivity with intuitive SaaS solutions. 
  • Accurate: Get rid of manual expense reporting and OCR systems that are prone to errors. Provide rich insights into the business for better control and improved decision making.  
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  • Supervise Leases: Keep leases centralized in one location, facilitate operations and pinpoint savings for every lease with the lease management module. 
  • Simplify Reporting: Leverage more than 100 pre-built templates to generate reports with ease or create reports from scratch with the reporting generator, providing users with greater customization options. 
  • Compliance Assurance: Leverage easy calculations to guarantee regulatory compliance throughout all stages of the lease process, such as modification, impairment, termination, abandonment and more. 
  • Flexible Data Transfer:  Implement lease data across different companies with protected auditable file transfers and pliant application programming interface (API). 
  • Centralized Financial Management: Merge every crucial financial system, so every piece of data needed is in one place with automatic calculating. 
  • Modifiable: Utilize tailored reports, infinite fields and dashboards to meet individualized organization requirements. 
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  • Expense Submission: Pull data such as travel and expense forms, hotel itineraries, personal and credit card transactions, receipts and create expense reports. Save time by keeping common transactions in the database. Converts transactions into appropriate currencies for international travelers. 
  • Expense Approval: Give managers the freedom to review and approve expense reports without involving any paperwork. Set policy rules in the system, so expenses are pre-approved, making reviews and approvals easier and faster.
  • Expense Report Automation: Automate and streamline back office tasks to minimize the possibility of errors and make the process more efficient. Free up workers so that they can focus on more important business objectives. 
  • Quick Reimbursement: Pay accounting professionals faster with an accelerated reimbursement process with batch payment processing. Furthermore, save staff hours of data entry work and simplify expense reimbursement processing with automation. 
  • Compliance Management: Set standards and protocols to ensure compliance. Establish a spending limit and expense policies to help staff know when a certain payment is against company policy. Reduce excessive spending. 
  • Smart Categorization: Categorize transactions based on predefined rules for the transaction category. Eliminate the need to manually enter data. 
  • Digital Receipt Management: Provide an electronic copy of the receipt which can be later retrieved by the clients in case of chargebacks or reconciliation issues. 
  • Mileage Tracking: Track, manage and control mileage expenses in a simple, accurate and reliable way. 
  • Mobile Expense Management: Take a receipt of the picture and upload it to attach it to the expense report. Easily access expense report. Review, approve and deny submitted expenses on your schedule.  
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  • Reporting: Create various detailed template-based or ad-hoc reports with the reporting apparatus. Users may also customize documents according to lease type, location, contract date and other valuable information. 
  • Integrations:  Integrate with other solutions such as SAP, Sage, Looker, Tableau, Qlik and more to upload journal entries into general ledgers and evaluate data with the right BI tools. 
  • All-Inclusive Audit Trail: Evaluate changes made with the detailed audit trail component and verify if all actions meet regulations with the approval workflows and permissions extensions. 
  • Chronicle Leases: Record essential dates, contacts, and terms linked to every lease and swiftly search for needed information. 
  • Importing: Import journal entries into general ledgers or trace rent via accounts payable. 
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Product Ranking

#135

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Accounting Software

#184

among all
Accounting Software

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User Sentiment Summary

Fair User Sentiment 29 reviews
Excellent User Sentiment 110 reviews
66%
of users recommend this product

ExpenseWire has a 'fair' User Satisfaction Rating of 66% when considering 29 user reviews from 2 recognized software review sites.

94%
of users recommend this product

Visual Lease has a 'excellent' User Satisfaction Rating of 94% when considering 110 user reviews from 2 recognized software review sites.

3.2 (15)
4.65 (55)
3.4 (14)
4.7 (55)

Awards

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Visual Lease stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Automated Expense Reports: Users praise ExpenseWire for automating the process of creating expense reports, eliminating the need for manual data entry and reducing errors.
Mobile Accessibility: The mobile app allows users to snap pictures of receipts and upload them directly to the platform, making expense tracking convenient and efficient.
Real-time Expense Tracking: Users appreciate the ability to track expenses in real-time, providing a clear view of spending patterns and budget adherence.
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Centralized Lease Repository: Visual Lease provides a single platform to store and manage all lease agreements, eliminating the need for paper files or spreadsheets. This allows for easy access to lease data and documents, improving efficiency and organization.
Automated Lease Accounting: The software automates lease accounting calculations, ensuring compliance with ASC 842 and IFRS 16 standards. This reduces the risk of errors and saves time for accounting teams.
Lease Reporting and Analytics: Visual Lease offers robust reporting and analytics capabilities, providing insights into lease portfolios and enabling data-driven decision-making. Users can generate custom reports on key lease metrics, such as lease expirations, rent obligations, and critical dates.
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Limited Integrations: Users express frustration over ExpenseWire's limited third-party integrations, particularly its lack of seamless integration with popular accounting software like QuickBooks Online or Xero. This forces businesses to manually export and import data, leading to increased workload and potential errors.
Clunky Mobile App: The mobile app's user interface is frequently criticized for being unintuitive and difficult to navigate. Users report experiencing glitches and slow loading times, making it cumbersome to track expenses on the go.
Reporting Limitations: ExpenseWire's reporting features are considered basic and lack the flexibility and customization options needed by many businesses. Users desire more comprehensive reporting capabilities to gain deeper insights into spending patterns and identify areas for cost optimization.
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Limited Customization: Users have expressed frustration with the lack of flexibility in tailoring reports and dashboards to their specific needs, especially when it comes to intricate lease accounting calculations.
Usability Challenges: Navigating the platform's interface and features can be cumbersome, particularly for those new to lease accounting software. The learning curve can be steep, leading to inefficiencies and a need for extensive training.
Integration Issues: Integrating Visual Lease with existing accounting systems or other software can pose challenges, requiring additional configuration and potentially leading to data synchronization problems.
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ExpenseWire users are buzzing about its seamless integration with Paychex payroll, making it a breeze to reimburse employees. The software's intuitive interface and mobile app receive high praise, allowing users to snap pics of receipts and submit expense reports on the go. ExpenseWire's robust reporting tools provide valuable insights into spending patterns, empowering businesses to make data-driven decisions. However, some users find the customization options limiting, particularly for complex approval workflows or unique expense categories. ExpenseWire shines for small to medium-sized businesses already using Paychex payroll, offering a streamlined expense management solution that plays well with their existing systems.

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Visual Lease appears to be a popular choice among businesses for managing their lease accounting needs, especially those seeking to comply with regulations like FASB, IFRS, GASB, and ISSB. Users frequently praise its user-friendly interface, which simplifies tasks such as tracking expenses, handling invoices, and generating reports. This ease of use is a major plus, as it allows teams to quickly get up to speed with the software without extensive training. Additionally, Visual Lease offers a comprehensive suite of features covering various aspects of lease accounting, from asset lifecycle management and portfolio management to budgeting, forecasting, and tax management. This breadth of functionality makes it a versatile tool that can adapt to the diverse needs of different organizations. While some users note that the software can be complex initially and may require some guidance during implementation, the available support team is often commended for their responsiveness and helpfulness in addressing any challenges that arise. However, it's important to consider potential drawbacks. Some users mention that the pricing structure of Visual Lease might be a hurdle for smaller businesses with tighter budgets. Additionally, while the software's extensive features are generally seen as a strength, they can also contribute to a steeper learning curve for new users. Despite these considerations, Visual Lease seems to be a good fit for organizations of all sizes seeking a robust and user-friendly solution for lease accounting and management. Its ability to streamline processes, ensure compliance, and provide valuable insights into lease portfolios makes it a valuable asset for businesses looking to optimize their lease management practices.

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