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
TravelBank
Score 3.0 out of 10
N/A
TravelBank, headquartered in San Francisco, offers their travel management for businesses, featuring booking management, travel policy management, spend tracking and management, and other features.
$12
per user/per month
Pricing
Expensify
TravelBank
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
Expenses
$12
per user/per month
Travel
$15
per month
Premium Expenses and Travel
Custom Pricing
Offerings
Pricing Offerings
Expensify
TravelBank
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Expensify
TravelBank
Features
Expensify
TravelBank
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
8.4
Ratings
2% below category average
TravelBank
-
Ratings
Employee Expense Reporting
8.90 Ratings
00 Ratings
Corporate Card Reconciliation
7.80 Ratings
00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
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.
The company-wide implementation of TravelBank greatly increased the efficiency of our expense reimbursement process. It mitigated many pain points such as errors, inconsistencies, and missing information in our manual Excels that were very hard to version control and track through the approval/reimbursement process. Overall, TravelBank has made all of our lives easier!
Ease of use - TravelBank is super user-friendly and easy to use whether you use the platform online or through their app.
Ability to effectively track expense submission, approval and reimbursement process. TravelBank allows users to see exactly where their expense report is in the process.
Expanding the hotel offerings - they already have a huge inventory, but it would be great to have more AirBnB-like options
I've found particularly with flights that the employee rewards are much less - I realize that is just a function of airfare costs, but it feels like most of the time I need to go over budget
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
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.
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.
I have had 2 instances where the hotel double charged me and it took months to get back. I was never given a reason why and no one followed up with me -- I just got the money in my account one day and would have never known had I not been looking at my account that day,
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
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.
It stacks up right next to concur. They're both great products; they are complementary, not competitors. We used to use Rocketrip, which was complete garbage. I like that I get rewards on Uber. I like that I get rewards on Amazon. I wish I could get hotel rewards, not just AirBNB rewards.
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.
I'm not in the finance department, but I'd guess our travel spend per employee has reduced since we started using TravelBank.
We now have one travel supplier, with flights and hotels paid from a central account, rather than everyone booking through a variety of channels with their own card. In case of emergency, the company knows which flight you're on, which hotel you're staying at.
