Payhawk vs Receipt Bank Comparison

91% 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

Payhawk

Expense Management Software

4.7 419 user ratings

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Receipt Bank

Expense Management Software

4.5 1,532 user ratings

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Overview

Description

Payhawk is an expense management app that delivers advanced capabilities such as automated expense reporting and managing the spend of the employees. Managers can track expenses in real time without the need for any manual tasks. With the help of an invoice tracking feature, they can easily photograph the receipts of invoices after every transaction. Employees do not have to be reminded to submit payment proofs, eliminating the hassle of chasing invoices. Employees can also be empowered to avoid personal spending while they are on business trips with the tool completely eliminating the need for cash, removing the need for personal reimbursement. Users can issue both physical and virtual cards instantly, while also setting spending limits on them. They can even enable or disable the feature of ATM cash withdrawals and prevent card sharing by automatically deleting the pictures of shared cards. Read more

Receipt Bank is a paperless expense management platform that connects accountants, bookkeepers, and businesses all around the world. It has the highest accuracy of any cloud app when scanning critical details from papers. Your clients can send you documents in a variety of ways, including through app, email, post, and more, with Receipt Bank. They send reminders to your clients' phones regularly to assist them to stay on top of their spending. All photos and collected data are saved in the cloud in a secure and compliant manner. Client data can be exported to CSV, PDF, or published to their cloud platform, along with an image. Its practice efficiency features allow you to have a better understanding of your firm's overall performance while also saving time. You can boost productivity by devoting time formerly spent on customer paperwork to other areas of the company. Furthermore, you will be able to engage with your client frequently about their business via in-app live discussion on specific things supplied and costs. Read more

Pricing Options

Free Trial Not Available
Offers Custom plan.

Free Trial Available
Offers Custom plan.

SW Score & Breakdown

91% 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

94%
Reviews

84%
Momentum

69%
Popularity

80%

Features

Total Features	11 Features	7 Features
Common Features for All	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. 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	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. 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 + 4 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	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.7/5 419 user ratings	4.5/5 1,532 user ratings
Rating Distribution	Excellent 79.2% Very Good 15.8% Average 1.9% Poor 1% Terrible 2.1%	Excellent 76.4% Very Good 14% Average 0.9% Poor 1.1% Terrible 7.5%
User Sentiments	Easy to Use Interface, Efficient Expense Tracking, Extensive Integrations, Excellent Customer Support Limited Mobile App Functionality, Occasional Bugs & Glitches, Inconsistent OCR Accuracy, Complex Reimbursement Process	Accurate Data Extraction, Time-Saving Efficiency, Seamless Integrations with Accounting Software, User-Friendly Mobile App Occasional Data Extraction Errors, Limited Invoice Fetch Functionality, Lack of Sales Invoice Processing, Confusing Client Account Management
Review Summary	Payhawk's user reviews reveal both favorable and critical feedback. Positive reviews commonly praise its user-friendly interface, efficient expense tracking, and seamless integration with accounting software. Users also appreciate its centralized platform for managing business payments and its customer support's responsiveness. On the other hand, some users criticize its occasional technical glitches, limited reporting capabilities, and the need for improved mobile app functionality. Overall, Payhawk appears to be a popular choice among businesses seeking a comprehensive expense management solution, with a strong emphasis on user experience.	Receipt Bank is generally well-received by users, earning praise for its user-friendly interface, OCR technology, and seamless integration with accounting software. Reviewers find it efficient in organizing and categorizing receipts, saving time and reducing manual data entry. Additionally, the mobile app is lauded for its convenience in capturing receipts on the go. However, some users have reported occasional technical glitches and suggest improvements in invoice processing and customer support. Overall, Receipt Bank is considered a reliable and efficient tool for managing receipts, helping businesses streamline their expense management processes.
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Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Premium Cards Custom All-In-One Spend Custom Enterprise Custom	Streamline Custom Optimize Custom
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Alternatives

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	View All Payhawk Alternatives	View All Receipt Bank Alternatives