Expensify vs. Microsoft Excel

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Expensify
Score 7.6 out of 10
N/A
Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.
$5
per month per user
Microsoft Excel
Score 8.7 out of 10
N/A
Microsoft Excel is a spreadsheet application available as part of Microsoft 365 (Office 365), or standalone, in cloud-based and on-premise editions.
$6.99
per month
Pricing
ExpensifyMicrosoft Excel
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
Excel with Microsoft 365
$6.99
per month
Excel for 1 PC or Mac
$139.99
perpetual license
Offerings
Pricing Offerings
ExpensifyMicrosoft Excel
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ExpensifyMicrosoft Excel
Features
ExpensifyMicrosoft Excel
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
8.4
Ratings
2% below category average
Microsoft Excel
-
Ratings
Employee Expense Reporting8.90 Ratings00 Ratings
Corporate Card Reconciliation7.80 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Expensify
7.5
Ratings
9% below category average
Microsoft Excel
-
Ratings
Customizable Approval Policies6.60 Ratings00 Ratings
Financial Document Management8.20 Ratings00 Ratings
Payment Status Tracking8.30 Ratings00 Ratings
Payment Audit Trail8.70 Ratings00 Ratings
Duplicate Bill Detection6.70 Ratings00 Ratings
Advanced OCR6.60 Ratings00 Ratings
Electronic Funds Transfer7.90 Ratings00 Ratings
Best Alternatives
ExpensifyMicrosoft Excel
Small Businesses
Dext
Dext
Score 9.8 out of 10
Stackby
Stackby
Score 9.0 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
Airtable
Airtable
Score 9.0 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 9.2 out of 10
Airtable
Airtable
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ExpensifyMicrosoft Excel
Likelihood to Recommend
9.1
(0 ratings)
9.1
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
9.0
(0 ratings)
Usability
7.0
(0 ratings)
10.0
(0 ratings)
Availability
-
(0 ratings)
10.0
(0 ratings)
Performance
-
(0 ratings)
10.0
(0 ratings)
Support Rating
8.5
(0 ratings)
9.0
(0 ratings)
Implementation Rating
-
(0 ratings)
8.0
(0 ratings)
Configurability
-
(0 ratings)
9.0
(0 ratings)
Ease of integration
-
(0 ratings)
9.0
(0 ratings)
Product Scalability
-
(0 ratings)
10.0
(0 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(0 ratings)
Vendor pre-sale
-
(0 ratings)
9.0
(0 ratings)
User Testimonials
ExpensifyMicrosoft Excel
Likelihood to Recommend
I think it's really good for small businesses. At least in the way we use it. It's very good for keeping an eye on employee spending in nearly real time. I'm not sure how it works for larger companies when there is a larger number of people to keep track of.
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I find it easier to use than Google Sheets , though it's easier to collaborate with other teams using Google Sheets. I also feel like Microsoft Excel is more suited to deal with complex formulas. The best way to put it, if I have a project that I'm solely working on, I'm going to use Microsoft Excel. If it's going to be shared, then I'm using Google Sheets.
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Pros
  • I am able to submit my mileage and the great feature to put the starting destination and end destination. It auto populates the mileage for you!
  • The coniserge is helpful and reminds me when I did not do certain things like submit my report. That’s a nice feature!
  • I am able to submit my expenses quickly and it scans the receipts or you can upload a picture of them very quickly.
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  • Excel is the most fully featured spreadsheet software you are likely to find.
  • The software is compatible with a large number of file formats so using data from nearly any source is possible.
  • It can handle large data sets.
  • It can save your files in a variety of file formats.
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Cons
  • Cant choose for specific lines of non -reimbursable expenses to several credit cards. only one preconfigured.
  • there are limited cards to choose for with Expensify Travel as a corporate cards.
  • The policy rules are pretty basic. i would like to have more granular options
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  • Excel offers collaboration features that allow multiple users to work on the same spreadsheet, but managing changes made by different users can be challenging. Excel could improve its features by offering more granular control, better tracking of changes, and more robust conflict resolution tools.
  • Itcan be a barrier to productivity when importing and exporting data from other applications or file formats. To improve its features, it should offer better support for standard file formats and more robust error handling and reporting tools.
  • Excel can be challenging for finance students and working professionals, but it can be improved by offering more robust tutorials, better documentation, and more user communities and support forums.
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Likelihood to Renew
Our company will use Expensify for as long as it will fit our purposes. However, it is obvious that once the fast-growing company will reach a certain size, we will need to transition to a more complex system. For our current purposes however, Expensify is great and I would recommend it to everyone
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Excel remains the industry standard for spreadsheets and has maintained simple and straight-forward formula writing methods. Although there is a learning curve to do more complex calculations, there are countless help sites and videos on the Internet for almost any need.
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Usability
So simple to set up and use. It was easy to roll out to all our staff! The demos, instructions, and FAQ's were well written and enabled us to train our staff quickly. We have frontline employees who have mastered the system in a day. The scalability is also perfect. We are able to start with just a few cards and grew that number as our organization needed without any problems.
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Overall I think the usuability is great and offers everything it should. I have never not be able to use it for what I wanted it for. However, it is so detailed and offers so much it can be difficult to use. Better descriptions or explanation to all the information could be helpful
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Reliability and Availability
No answers on this topic
I have rarely, if ever, had issues with its availability.
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Performance
No answers on this topic
Excel load and performs calculations immediately. It integrate well with all Microsoft Office applications and does not slow them down.
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Support Rating
Our rep has been amazing. He has built custom reports for us that have been very time consuming and difficult. Our reps are also currently looking into new submission solutions for us that we are excited about. They came up with this and recommended it on their own without me complaining about an issue. They are about our success and are very excited about the product they offer.
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I have not had to use it often, but it is good.
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Implementation Rating
The implementation process went rather smoothly, linking it to the bank and cards was handled easily. without too many unnecessary steps. Getting the accounts setup did take some time, but that would be true with any organization. All in all things went smoothly and I was very pleased with the setup and implementation process
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No answers on this topic
Alternatives Considered
Concur is the only formal software I've used, though I think this was only used in my PhD program (2010-2014), so in fairness, it's been a while. I remember Concur being just OK. It was certainly easier to use than the 'upload documents to email' process my former employer had instituted, but it was not Expensify-level smart and easy. At least back then, there was no simple drag-and-drop document parsing for example.
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Excel is one of the tools I use for everyday work but fits alongside all the other programs I use. I keep Excel as a way of tracking projects from start to finish as well as document content strategy and audits. There are not many programs like Excel that I can think of other than Google Sheets and I find Excel is far better.
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Scalability
No answers on this topic
Each user can use it to whatever level of expertise they have. It remains the same so users can contribute to another's work regardless of whether they have more or less expertise
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Return on Investment
  • Positives include - timely expense reports to reconcile our fiscal year financials
  • Negatives include - the monthly service fee per employee (even if no expenses were generated that month) - it is not cost effective for ALL of our employees to utilize the application.
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  • It helps to me gather my thoughts, organize my research, and most importantly prioritize information in an easy to digest manner depending on what I am most interested to see at that time.
  • It helps me quite a bit to talk my clients through the financial implications of various office leasing transactions under consideration and coach them in a way that is very unbiased and fact-driven which I like.
  • It helps me to be more thoughtful as well when thinking about the various different situations in which I use Excel. And because it ultimately results in my clients getting comfortable ultimately pulling the trigger on a given deal, it directly leads to more commission in my pocket which I love!
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ScreenShots

Expensify Screenshots

Screenshot of the dashboard used to manage expenses, book travel, reimburse employees, and create expense reports.Screenshot of corporate cards. The Expensify Card offers cash back on every US purchase.