When selecting an expense administration platform – which is a essential factor of your software program stack – it’s necessary to select a instrument that meets all of your groups’ wants.
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Brex is a SaaS firm that gives company bank cards and spend administration software program to startups and bigger tech corporations to facilitate accounting, budgeting, and spend administration.
Brex won’t be the perfect resolution for everybody, although. So, on this article, we’ll look into the 5 finest Brex options and provide you with extra particulars about each.
Let’s dive in.
1. Divvy
Divvy is an all-in-one expense administration resolution geared in direction of small and mid-sized enterprises (SMEs) and offers them entry to each banking companies and enterprise credit score.
Divvy is free to make use of – its income comes from service provider charges – making it a budget-friendly resolution, too. It was lately acquired by BILL, a monetary automation software program firm for SMEs.
Listed below are a few of Divvy’s options:
- A complete dashboard enabling you to see and assessment all bills in actual time
- Digital fee playing cards that simplify eCommerce purchases and defend towards overspending and fraud (by protecting actual card numbers hidden)
- Automated expense experiences, receipt matching, and rule-based auto-categorization
- Automated reconciliation between credit score statements and your expense administration system
- Actual-time visibility of all of your firm spending in a single place
- Clever accounts payable (AP) software program that helps save time by way of automation
- A cellular app that allows you to handle spending, budgets, and digital playing cards on the go
G2 score: 4.5/5
Capterra score: 4.7/5
Pricing: Free
Languages supported: English
(Information checked on January 26, 2023).
Brex vs. Divvy
On G2, Brex has a barely increased score (4.7/5 vs. 4.5/5 for Divvy). Their scores by class are very comparable, each options faring very properly throughout the board (9+/10 for practically all classes), with Brex scoring barely increased when it comes to ease of use and ease of setup and Divvy being thought of as the higher enterprise companion general. Divvy presents forex conversions, too, which Brex doesn’t.
The comparability between the 2 on Capterra paints a barely totally different image, with Divvy being acknowledged because the extra feature-rich resolution that clients usually tend to advocate to others. General, each platforms appear to be providing a service that shoppers are proud of.
2. Ramp
Ramp is a company card and expense administration platform that companies use to manage their spending, optimize budgets, and streamline enterprise banking.
Ramp offers monetary companies to corporations of all sizes, from small companies and startups to medium and enormous enterprises, and, equally to Divvy, is free to make use of.
Listed below are a few of Ramp’s high options:
- Limitless bodily and digital company playing cards with a 1.5% cashback
- Automated expense administration, good categorization, and expense experiences
- Automated assessment of each expense in real-time, flagging out-of-policy objects for inspection
- Quick invoice funds through card, automated clearing home (ACH), verify, or worldwide wire transfers
- Accounting automation enabling you to streamline bookkeeping and shut your books quicker
- 1000+ integrations to different enterprise software program instruments, together with accounting software program (resembling Xero and QuickBooks On-line), productiveness apps, ERP software program, HRIS instruments, and extra
G2 score: 4.7/5
Capterra score: 4.9/5
Pricing: Free
Languages supported: English
(Information checked on January 26, 2023).
Brex vs. Ramp
Brex and Ramp appear to be on par with one another throughout most classes in G2’s comparability instrument, with Ramp scoring barely increased when it comes to ease of setup and ease of admin, in addition to the overall product path.
In Capterra, Ramp appears to have extra options than Brex, making it probably extra versatile for various enterprise wants. It’s additionally acknowledged as a high performer in Expense Report Software program and Spend Administration Software program for 2022.
3. Airbase
Airbase is a SaaS spend administration platform that consolidates all workflows and processes for all non-payroll spend for startups and bigger enterprises alike, making the work of finance groups and enterprise house owners simpler.
It combines three core functionalities – invoice funds, a company card program, and worker expense reimbursements – to simplify compliance, threat administration, and monetary management.
Listed below are the highest options of Airbase:
- A single automated spend platform to switch complicated guide processes
- Full visibility and management over all non-payroll spending
- Straightforward compliance administration and retrieval of documentation for audits
- Bodily and digital company playing cards you may reimburse simply, permitting for granular spend management
- Silicon Valley Financial institution (SVB) and American Categorical (AMEX) card program integration
- A consolidated fee platform for all invoice funds: playing cards, ACH, checks, vendor credit, and wire transfers
- Straightforward 3-way matching of invoices to cut back monetary threat
G2 score: 4.8/5
Capterra score: 5/5
Pricing: Free Necessities plan (as much as 10 staff), quote-based pricing for his or her Development and Enterprise plans
Languages supported: English
(Information checked on January 26, 2023).
Brex vs. Airbase
On G2, Airbase is performing barely higher than Brex throughout most classes, though the 2 have very comparable scores (9+/10 for many standards). Airbase fares a bit higher in assembly shoppers’ necessities and its buyer assist is healthier rated however Brex is less complicated to arrange and use, in accordance with the scores.
On Capterra, Airbase is healthier rated when it comes to options and general buyer satisfaction and can also be a high performer within the Procurement software program class for 2022.
4. Expensify
Expensify is a SaaS funds software enabling companies, freelancers, and people to handle their cash higher.
It goals to make receipt scanning, reconciliation, and expense experiences less complicated to supply admin employees with customizable expense insurance policies and facilitate the approval course of. It mechanically syncs with the accounting system you’re utilizing and makes it simpler to shut your books and handle your group’s bills.
Listed below are a few of the key options of Expensify:
- One-click receipt scanning and automated expense categorization
- Straightforward-to-setup approval workflows with the choice so as to add a number of approval ranges
- Straightforward bank card import and checking account integration for automated receipt merging and reconciliation
- A digital or bodily Expensify company bank card with 1% to 4% cashback
- Actual-time compliance and fraud safety
- A cellular app that you should use to approve experiences and get real-time visibility into bills on the go
G2 score: 4.5/5
Capterra score: 4.4/5
Pricing: Free plan, Acquire at $5/consumer per 30 days, Management at $9/consumer per 30 days
Languages supported: English
(Information checked on January 26, 2023).
Brex vs. Expensify
In response to the info out there on G2, Brex performs barely higher in most classes, resembling ease of use, receipt seize, API integrations, and efficiency and reliability. Expensify scores higher for the classes of worker reimbursement, forex conversions, and mileage monitoring, amongst others.
In response to Capterra, Expensify has extra options than Brex however a barely decrease general rating (4.4/5 in comparison with 4.5/5 for Brex).
5. Zoho Expense
Zoho Expense is part of the Zoho suite, which incorporates Zoho CRM, Zoho Desk, Zoho Books, and extra. It’s a journey and expense administration resolution that caters to companies of all sizes and helps them streamline expense reporting and higher management company spend.
Listed below are a few of Zoho Expense’s high options:
- Automated expense reporting from A to Z to simplify approvals and velocity up reimbursements
- The likelihood so as to add firm credit score and debit playing cards for simpler expense monitoring and checking account reconciliation
- Complete buy requests and approvals, which facilitate the work of procurement groups
- 25+ analytics experiences on bills, journey, playing cards, reimbursements, and extra
- Customizable insurance policies, expense guidelines, and budgets for higher spend management
- Streamlined compliance administration enabling you to remain compliant with native tax legal guidelines
G2 score: 4.5/5
Capterra score: 4.6/5
Pricing: Free, Commonplace ($3/consumer per 30 days), Premium ($5/consumer per 30 days), and Enterprise ($8/consumer per 30 days) plans
Languages supported: German, English, French, Italian, Japanese, Portuguese, Spanish, Chinese language (Simplified)
(Information checked on January 26, 2023).
Brex vs. Zoho Expense
On G2, Brex performs higher than Zoho Expense throughout most classes, though the distinction is typically minimal. Some customers complain about Brex’s lack of transparency, whereas others reward the benefit with which they’ll add receipts and submit bills for reimbursement.
On Capterra, Zoho Expense performs higher when it comes to out there options, whereas their general score could be very comparable (4.5 for Brex and 4.6 for Zoho Expense).
Conclusion
Brex is an effective alternative for expense administration, however relying in your actual wants and necessities, you is perhaps higher served by one in all its rivals. Hopefully, this text will make it easier to make the precise alternative!.
And, in case your staff are touring for enterprise, you additionally must ensure you have the precise journey administration resolution, resembling TravelPerk, as a way to streamline and automate journey and expense administration.
TravelPerk is designed to suit seamlessly into your present tech stack and you’ll simply combine it with all the opposite programs you’re utilizing. And, what’s extra, with our FlexiPerk characteristic, you get to vary plans and cancel journeys as much as 2 hours earlier than departure and get 80% of your a reimbursement, whereas with GreenPerk, you may offset the carbon footprint of your small business journey program.
Schedule a demo immediately to see how TravelPerk can simplify enterprise journey for you and enhance the journey expertise from A to Z.
