Expensify vs Soldo Comparison

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Expensify

Expense Management Software

4.6 4,422 user ratings

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93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Soldo

Expense Management Software

4.4 452 user ratings

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Overview

Description

Expensify is a US-based software company that offers expense management software for both individual and group use. The products are available as a web service that can be used with any computer browser and comes in the form of mobile application as well. It carries all essential functionality like allowing employees/user to upload receipts and request reimbursement. All expenses are recorded automatically, which in turn, are used to prepare expense reports based on the projects, types of expenses, etc. One can approve reimbursement directly from the software without any need to use a third-party money transfer application. The app tracks every expense incurred on food, travel, fuel, etc and uses artificial intelligence to extract information such as merchant’s name and date of expense from the uploaded receipt. Moreover, it also allows users to download their respective expense report. Expensify integrates with applications like Xero, Workday, Intacct and a few more. The company also has several partners like Uber, TripActions and Locomote that enable the user to automatically import expenses incurred for taking services from these partner companies. Read more

Soldo is a prepaid company card and automated expense management software. It can be used to take care of day to day cash related issues along with online procurement facilities. Businesses can also depend on the same to monitor digital advertisement related funds and sanction employee travel plans in an organised way. Companies leveraging on Soldo and its smart functionalities get to streamline an effortless spend management system, inclusive of metrics like prepaid company cards, effortless bookkeeping, simplified reporting structure and real-time tracking facilities. They can also enjoy active integrations with external platforms like QuickBooks Online, Xero and NetSuite on the go. Soldo and its integrated set of exclusive services like on-spot receipt capture and enriched data transaction facility, live customer support, 2% FX fees for foreign transactions, CSV data import compatibility, accurate spending controls inclusive of specific limits, budgets and rules, user-specific roles and permissions along with custom onboarding and product training options facilitate seamless business management. Read more

Pricing Options

Free Trial Not Available
Starts at $5.0.

Free Trial Not Available
Offers Free-forever and Custom plan.

SW Score & Breakdown

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

94%
Momentum

70%
Popularity

95%

93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

98%
Reviews

86%
Momentum

67%
Popularity

90%

Features

Total Features	14 Features	13 Features
Common Features for All	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 11 More - Show Less	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 10 More - Show Less

Technical Details

Organization Types Supported	Individuals Freelancers Large Enterprises Medium Business Small Business	Individuals Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Online	Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.6/5 4,422 user ratings	4.4/5 452 user ratings
Rating Distribution	Excellent 71% Very Good 21.5% Average 3.5% Poor 0.7% Terrible 3.2%	Excellent 74.1% Very Good 11.3% Average 2% Poor 0.9% Terrible 11.7%
User Sentiments	Easy to Use Interface, Receipt Scanning Accuracy, Mobile App Functionality, Fast Reimbursements Inconsistent Smartscan Feature, Confusing Expense Reporting System, Limited Credit Card Compatibility, Unreliable Mobile App Performance	Excellent Customer Support, Ease of Use, Efficient Expense Tracking, Comprehensive Spend Management Features Account Blocking Issues, Mobile Application Instability, Limited Payment Acceptance, Unclear Communication Regarding Account Closure
Review Summary	Overall, Expensify garners praise for its user-friendly interface, robust expense tracking capabilities, and seamless integration with various accounting software. Reviewers appreciate its mobile app for its convenience and real-time expense capture. However, some users express concerns regarding occasional glitches and limited customization options. Expensify's customer support receives mixed feedback, with some users commending their responsiveness, while others encounter delays and unsatisfactory resolutions. Overall, Expensify is viewed favorably for its ease of use and expense management features, but it could benefit from enhanced customization and more consistent customer support.	Users generally express contentment with the features and functionality provided by Soldo, highlighting its user-friendly interface, ease of use, and efficient expense management capabilities. The mobile app is particularly praised for its convenience and accessibility. However, some users have reported occasional technical difficulties and a lack of certain features, resulting in mixed reviews and a need for improvement in certain areas.
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Pricing

Pricing Options	Free Trial Not Available Starts at $5.0.	Free Trial Not Available Offers Free-forever and Custom plan.
Pricing Plans Monthly Plans Annual Plans	Collect $5.00 $5.00 per user / month Control $9.00 $9.00 per user / month	Soldo Uno Free Soldo Pro Others Soldo Premium Others Soldo Custom Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

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