Finly vs Shoeboxed Comparison

Finly

Expense Management Software

4.9 20 user ratings

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92% 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

Shoeboxed

Expense Management Software

4.5 181 user ratings

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Overview

Description

Finly is a cloud-based expense management solution that provides automatic report generation of all the expenses incurred by the employees or any user. Just like most of the expense management software, Finly also equips the OCR tool to scan paper and digital receipts of all kinds. Every relevant information is automatically extracted from the bill and using all such information, the software prepares an expense report. The report is then received by the manager, who surveys the same for approval/rejection. This is then forwarded to the finance department, which reimburses the employees in accordance with the company’s policy. The report also helps to monitor and keep the expenses in check with the pre-allocated budget. Apart from the management, Finly also brings the integration of some accounting tools. This mitigates the need to switch between two or more apps. You can directly export all the data to your accounting software. Owing to all these features, Finly is trusted by big corporations such as Reliance Mobile, Videocon, Essel Group and many more. Read more

Shoeboxed is a compact receipt scanning and expense tracking software, helping out users turn receipts into data within no time. Receipts generated via Shoeboxed are clearly categorised, legibly scanned and easy to locate as well, ready for audit on the go. Moreover, precise scanning technology and inbuilt OCR/human data verification metrics are incorporated within the same, archiving and digitising individual receipts within a unified cum secured location. The collected receipts are thoroughly verified by professionals and then segregated into different categories/fully searchable documents on the go. An exclusive Magic Envelop service, helps users to get rid of paper piles by dumping them over mails and Shoeboxed gets them transformed into digitalised data in no time. For detailed expense reports both mobile device and web interface can be relied upon. Shoeboxed promises real-time integration with a variety of external platforms like Evernote, Wave, QuickBooks, HP, RightSignature, GoDaddy and more. Read more

Pricing Options

Free Trial Not Available
Offers Custom plan.

Free Trial Available
Starts at $18.00.

SW Score & Breakdown

92% 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

92%
Reviews

91%
Momentum

66%
Popularity

89%

Features

Total Features	13 Features	11 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 + 10 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 + 8 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	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	Business Hours Online	Business Hours Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.9/5 20 user ratings	4.5/5 181 user ratings
Rating Distribution	Excellent 90% Very Good 10% Average 0% Poor 0% Terrible 0%	Excellent 61.3% Very Good 28.2% Average 7.7% Poor 1.7% Terrible 1.1%
User Sentiments	Not Available	Ease of receipt uploads, Receipt organization and categorization, Accurate data extraction from receipts, Mobile app convenience Slow processing times for receipts, Occasional bugs and glitches, Inaccurate data extraction in some cases, Limited features in the free version
Review Summary	Not Available	Shoeboxed users generally appreciate its ease of use, time-saving features, and accurate data capture. The mobile app is praised for its convenience and the ability to quickly scan and upload receipts. However, some users report occasional syncing issues and suggest improvements to the user interface for better organization. They also express a desire for more robust reporting capabilities and seamless integration with accounting software. Overall, users find Shoeboxed helpful for managing receipts and tracking expenses, but some areas need improvement to enhance user experience and functionality.
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Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available Starts at $18.00.
Pricing Plans Monthly Plans Annual Plans	Finly Custom	Startup $18.00 $22.00 per month Professional $36.00 $45.00 per month Business $54.00 $67.00 per month
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