10 Most Popular Expense Management Software Vendors In India

An expense management software provides relief to companies with cost-reduction tactics and reports. It tracks duplicate receipts, eases the procedure of claiming tax with appropriate receipts, and completely automates the task of manually maintaining spreadsheets related to expense.

Preventing expense fraud is just one of the features of an expense management software. There is more to it. Different software can help in different areas. To know more about such expense management solutions, read further.

       Zento

Zento expense management system allows employees to manage their business travel expenses in a hassle-free manner. They can easily submit travel receipts, check the reimbursement status and even reconcile expense claims and reimbursement on a single dashboard. Further, managers need not track down expense data to approve the claim, as software’s dashboard gives a quick view of all the expenses in a filtered and arranged manner. It is as helpful for employees as it is for employers.

  • Fyle

With Fyle expense management software, managers will no longer have to chase employees for their expense receipts to prepare expense reports. One of the most interesting things about Fyle is its AI-powered data extraction feature. This feature extracts data from receipts and cross check it with company’s expense policy. If there is any violation in terms of the pre-set policy, expense claims are not approved. And Fyle’s powerful integration with third-party software like Microsoft Dynamics, Netsuite, QuickBooks is icing on the cake.

  • Keka

Keka developers understand that company expenses are a menace to manage and therefore, their payroll software comes with the expense management module. The module allows an employee to group all their expenses into a single batch and then submit the same to the manager for approval. Once the submission has been made, it can be tracked by the employee until the expenses are reimbursed.

  • Happay

Happay empowers employees to report expenses digitally and allows managers to give approvals online. However, the software has more to offer other than expense management. Happay has its own prepaid card for managing digital marketing expenses of a company. It is a powerful alternative to debit or credit cards and cash advances. A company can fund the Happay card as and when an employee needs money, remove funds or block card whenever necessary. Using Happay, managers can track employee expenses in real time.

  • JSM Technologies

JSM Expense Claims Management System automates all processes related to employee expense claims and reimbursements. The solution offers many important modules including expense claim submission, approvals, policies, reports, etc. Further, it helps in making expense policy of a company accessible to all, and ensure complete compliance.

  • Concur

Travel expense, entertainment expense and other business expenses are made easy with the Concur expense management software. From submitting receipts to getting reimbursements, Concur is completely automatic. Its ability to automate the expense management process doesn’t leave any room for human errors. Moreover, it keeps both employees and managers up to date regarding the company’s expense policy and thereby, helps in maintaining transparency. Additionally, the expense management software quickens the whole process of reimbursement via invoice tracking and faster payments.

  • Finly

Finly is fit for any and all organizations i.e. from SMEs to large enterprises. It gives total visibility and 100% control over business expenses by letting administrators track & manage the spending end-to-end. Amongst Finly’s many modules, one is Petty Cash Management. This feature comes into the picture when your organization has many branches. Petty cash management helps you in managing expenses across all your offices through a centralized platform.

  • Expensify

Expensify is a feature-rich and robust expense management software for both, employees and administrators. Besides basic expense management features, this software offers many other interesting modules and ‘automatic accounting sync’ is one of them. As per this feature, if there is any change in the accounting system w.r.t expense account, employee or department, Expensify will automatically sync the required accounts in real time.

  • Easyform

Easyform is an android and iOS based expense management app. Despite being an app, it has all the expense management features that you expect from a software. Therefore, you can manage the expense records on the go. Easyform is an online tool developed not only to manage expense claims but also advance pay-outs. Keeping track of outstanding claims and advance pay-outs becomes next to impossible after a point of time. However, with Easyform, employee’s ledger is just a few clicks away. With all the data related to claimed and unclaimed amount on your fingertips, making the decision related to advance pay-out becomes easy and quick.

  • Zoho

Zoho expense management software allows you to manage expenses from anywhere, round the clock. The software has an exclusive feature of ‘multi-currency expense’. Worldwide travel and currency issues can give bookkeepers a tough time. However, this software effortlessly converts the expense as per the current exchange rate and provides finance department with precise expense report. In addition to it, the software eliminates the problem of losing the receipts by storing the same digitally in the cloud.

Aditi Lohia

Aditi is a graduate from the University of Delhi with a degree in Bachelor of commerce. While studying CA she found respite in writing poems and her once hobby has turned into a full time profession. Her ‘Introduction to creative writing’ course at British Council of India has given her a broad base to approach many areas. She is an eclectic writer, who turns her observation into prose that resonates with readers. She is a movie buff, a voracious reader who never misses an opportunity to travel! BLOG LINK http://aditilohia.com/

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