Expensify manages expenses and transactions in real-time by offering account summaries, date calendars, and transparency features. It also provides powerful tools for tracking travel expenses. While it may have a learning curve and limited customization options, it meets the needs of most businesses effectively.
Expensify Specifications
Financial Reporting
Invoice Management
Expense Tracking
Tax Management
What is Expensify?
Overview
Expensify is a cloud-based business accounting system designed to help users manage spends, transactions, and related financial matters using real-time data processing. The platform offers user-friendly tools to maintain business-wide transparency, track expenses and different ratios such as debt-to-income ratios by keeping summaries of multiple accounts and date calendars. Expensify offers easy currency conversions for international traveling and purchases receipt photos or copies for accurate records to prevent any crisis or undesirable situation.
Users can track travel expenses by calculating the amount of time spent by a user on a particular project or by calculating the miles that personnel has traveled. It helps users to automate the entire expense calculation process in order to save time and physical resources as well as minimize any errors.
Integration with Quickbooks, Xero, NetSuite, Sage Intacct, and Dynamics, etc. is facilitated. Complete support for all Android and iOS powered smartphones and tablets is offered.
Pricing: Two pricing packages are offered, Team for $5/user, Corporate for $9/active user, and Enterprise, the pricing for which is provided by quote.
USP: The solution offers powerful tools to track your travel expenses based on the miles traveled or the amount of time spent on a particular project.
Support: Support is provided via phone and email.
Product Advantages: Easy implementation. User-friendly UI. Great affordable pricing. Image scanning extracts the relevant information.
Product Limitations: Integration is not very smooth, a lot of key things missing. Customer support is scarce. Processing large reports is slow and causes the system to crash or freeze at times.
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