Expensify Reviews & Pricing

by Expensify | Founded 2008, Portland, Oregon

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What is Expensify?

Industry Specialties: Accounting, Advertising Services, Ambulance Services, Architecture & Engineering, Biotechnology Research, Business Consulting And Services, Finance & Accounting, Hospitals And Health Care, HR & Management Consulting, IT Services, It Services And It Consul

Expensify is a sophisticated software solution designed to streamline expense and spend management tasks. It is particularly well-suited for businesses of all sizes, including industries such as finance, consulting, and technology, where managing expenses efficiently is crucial. The platform offers unique benefits like automated receipt scanning, real-time expense reporting, and seamless integration with various accounting software, enhancing productivity and accuracy. Users appreciate its intuitive interface and powerful features like multi-currency support and customizable approval workflows, which simplify complex financial processes. Compared to similar products, Expensify is often praised for its user-friendly design and robust functionality, making it a preferred choice for many organizations. Pricing details can vary based on specific needs, so it's advisable to contact SelectHub for a tailored quote. Overall, Expensify stands out for its ability to reduce administrative burdens and improve financial oversight.

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User Sentiment

Based on 1838 reviews:

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Expensify Pricing

Based on our most recent analysis, Expensify pricing starts at $5 (Per User, Monthly, Freemium).

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Starting From: $5
Pricing Model: Per User, Monthly, Freemium
Free Trial: Yes, Request for Free

Training Resources

Expensify is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Expensify:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Expensify Benefits and Insights

Why use Expensify?

Key differentiators & advantages of Expensify

Time Savings: Automate the tedious process of expense reporting, allowing employees to focus on more strategic tasks rather than manual data entry.
Real-Time Expense Tracking: Gain immediate insights into spending patterns with real-time data, enabling more informed financial decisions.
Policy Compliance: Ensure adherence to company policies by automatically flagging expenses that fall outside of predefined guidelines, reducing the risk of non-compliance.
Streamlined Approval Process: Expedite the approval workflow with customizable rules, ensuring that expenses are reviewed and approved quickly and efficiently.
Integration with Accounting Software: Seamlessly connect with popular accounting platforms like QuickBooks and Xero, reducing the need for manual data transfers and minimizing errors.
Enhanced Visibility: Provide managers and finance teams with a clear view of company spending, facilitating better budget management and financial forecasting.
Mobile Accessibility: Empower employees to submit expenses on-the-go using mobile devices, increasing convenience and reducing delays in reporting.
Receipt Management: Simplify receipt handling by allowing users to capture and store digital copies, eliminating the need for physical storage and reducing clutter.
Fraud Prevention: Detect and prevent fraudulent activities with automated checks and balances, safeguarding company resources.
Global Support: Accommodate international teams with multi-currency and multi-language support, ensuring a consistent experience across global operations.
Customizable Reporting: Generate tailored reports to meet specific business needs, providing valuable insights into expense trends and areas for cost optimization.
Employee Satisfaction: Improve the employee experience by simplifying the expense reporting process, reducing frustration and increasing compliance.
Cost Control: Monitor and manage spending more effectively, identifying opportunities for cost savings and ensuring financial discipline.
Scalability: Adapt to the growing needs of your business with a solution that scales seamlessly, accommodating increased transaction volumes and user numbers.
Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing expense management processes.

Industry Expertise

Expensify is a popular choice for startups, small to mid-sized businesses, and individuals who need a simple and efficient way to track expenses. It's particularly well-suited for companies with employees who travel frequently, as it simplifies expense reporting and reimbursement processes.

Expensify Reviews

Based on our most recent analysis, Expensify reviews indicate a 'great' User Satisfaction Rating of 88% based on 1838 user reviews from 3 recognized software review sites.

1838 reviews

88%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Expensify reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Automated Expense Reporting: Expensify's ability to read receipts and create expense reports with minimal user input is a huge time-saver.
Mobile Accessibility: The convenience of using a mobile app for expense tracking is a major plus for users, especially those who travel frequently.
Integration with Accounting Software: Seamless integration with popular accounting software eliminates manual data entry and reduces the risk of errors, making financial reconciliation much smoother.

Cons

Receipt Scanning Issues: The automated receipt scanning feature, while generally praised, has been known to have occasional glitches, which can be frustrating for users.
Complex Setup for Some Features: Setting up certain features can be complex, potentially causing difficulties for users who are not tech-savvy.
Occasional Syncing Issues: While integration with accounting software is generally positive, some users have reported occasional syncing issues, which can disrupt workflows.
Higher Cost for Larger Businesses: Larger businesses may find Expensify to be more expensive compared to some competitors, potentially making it less budget-friendly.

Researcher's Summary:

Is Expensify really worth the hype, or is it just another expense you have to worry about? User reviews from the last year suggest that Expensify is a solid tool for managing expenses, particularly for its user-friendly design and automation features. Users rave about the convenience of the mobile app, which allows for on-the-go expense tracking and receipt scanning. The software's ability to integrate with popular accounting software like Xero and QuickBooks is also a major plus, streamlining financial processes for businesses.

However, some users have reported occasional hiccups with the receipt scanning feature and a slightly steep learning curve for certain advanced features. While the platform generally receives praise for its intuitive design, some users suggest that clearer instructions for tasks like submitting expenses for reimbursement could enhance the user experience. A few users also expressed a desire for more responsive customer support.

Expensify's strengths lie in its user-friendliness, automation capabilities, and integrations, making it a practical choice for businesses and individuals seeking to simplify their expense management processes. Its weaknesses, primarily centered around occasional glitches and the need for clearer instructions in certain areas, do not significantly detract from its overall value proposition. Expensify emerges as a robust and efficient expense management solution, particularly well-suited for small to medium-sized businesses and freelancers who value a user-friendly interface and seamless integrations with popular accounting software.

Key Features

Notable Expensify features include:

SmartScan Technology: Automatically captures and processes receipt data by simply taking a photo, reducing manual entry.
Automatic Expense Categorization: Uses machine learning to categorize expenses based on past behavior and receipt data.
Real-Time Expense Reporting: Generates up-to-date reports that reflect current spending, aiding in timely decision-making.
Multi-Currency Support: Handles expenses in various currencies, automatically converting them to your home currency using current exchange rates.
Corporate Card Reconciliation: Syncs with corporate cards to match transactions with receipts, ensuring accurate reporting.
Policy Enforcement: Customizable rules and policies ensure compliance with company expense guidelines, flagging any violations.
Integrations with Accounting Software: Seamlessly connects with platforms like QuickBooks, Xero, and NetSuite for streamlined financial management.
Custom Approval Workflows: Allows businesses to set up multi-level approval processes tailored to their organizational structure.
Mobile App Accessibility: Provides a user-friendly mobile app for on-the-go expense tracking and report submission.
Receipt Storage: Offers unlimited digital storage for receipts, ensuring easy access and retrieval when needed.
Travel Booking Integration: Integrates with travel platforms to automatically import itineraries and related expenses.
Per Diem Management: Supports per diem calculations and allocations, simplifying travel expense management.
Customizable Expense Reports: Enables users to tailor reports to specific needs, including custom fields and formats.
Advanced Analytics and Insights: Provides detailed analytics to identify spending trends and areas for cost optimization.
Role-Based Access Control: Ensures data security by allowing administrators to define user roles and permissions.
Audit Trail: Maintains a comprehensive log of all actions taken within the system for transparency and accountability.
Offline Mode: Allows users to capture and store expenses without an internet connection, syncing once online.
Custom Tags and Categories: Users can create personalized tags and categories for more granular expense tracking.
Direct Deposit Reimbursement: Facilitates quick reimbursement to employees through direct deposit, reducing processing time.
Multi-Platform Support: Accessible via web, iOS, and Android, ensuring compatibility with various devices and operating systems.