One of the most mind-draining and time-consuming tasks is maintaining the expenses of any business. As we are growing in 2023, in the same way, businesses should continuously be searching for more efficient and effective ways to manage their expenses.
Expense management is a critical part of running a business. Properly managing expenses can help you to save money, ensure compliance, and improve financial visibility. Expense management software can automate many of the manual tasks associated with expense management, including data entry, receipt tracking, and expense approvals.
While SAP Concur has long been a go-to expense management software option, there are now numerous alternatives that offer similar or even better features. In this article, we’ll investigate the Top 10 SAP Concur alternatives for 2023 and help you find the ideal expense management software tailored specifically to your business requirements.
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What Is SAP Concur?
SAP Concur is one of the most well-known and widely used American SaaS company, Which provides travel and expense management services for businesses.
It empowers executives to manage all of your travel expenses. It is a comprehensive solution that allows financial managers to monitor ongoing payments and travel expenses.
Top 10 Concur Alternatives 2023:
However, there are many Concur alternatives available that offer similar or even better features. In this article, we will explore the top Concur alternatives for 2023 and help you to find the best expense management software for your business.
Here are the Top 10 Concur Alternatives 2023:
1. Zoho Expense
Zoho Expense is a cloud-based expense management software that is easy to use and affordable. It offers features such as receipt scanning, customizable approval workflows, and reporting.
Zoho provides a single platform to manage all aspects of expense reporting and business travel. It helps set controls to prevent overspending by enforcing policies within the platform, as well as keeping businesses prepared for tax season with AI-driven fraud detection and simplified audit trails.
Zoho Expense integrates with Zoho’s suite of business software, as well as with popular accounting software such as QuickBooks and Xero.
Advantages:
- It performs various functions related to financial management and helps you record your transactions at the same time.
- It can automatically convert all your receipts to expenses and grouped them together.
- It captures credit card transactions instantly and converts them into expenses.
2. Expensify
Expensify is in the 2nd position in our top 10 Concur Alternatives 2023 list, It is a popular expense management software that offers receipt scanning, expense approval workflows, and mobile app support.
Advantages:
- It offers automatic receipt scanning and data extraction, which eliminates the need for manual data entry and saves time.
- Expensify allows customizable expense policy rules to ensure compliance and reduce the risk of fraudulent expenses.
- It helps managers to stay on top of expenses and make sure that they are aligned with company policy.
- Ensuring to assign the right people have access to the right information.
3. Rydoo
Rydoo is a cloud-based expense management software that offers receipt scanning, mobile app support, and customizable approval workflows. Rydoo also offers integrations with popular accounting software such as Sage, as well as other software systems such as Slack and SAP.
4. Abacus
Abacus is an expense management solution designed to make the expense reporting process simpler for businesses.
Abacus makes it simple for employees to submit expenses and managers to approve them with features like automatic receipt scanning, customizable policy enforcement, mobile access, real-time reporting, and integration with accounting software. With these capabilities, Abacus helps make employee submission of expenses a breeze.
The software also provides advanced analytics and reporting, enabling managers to keep tabs on expenses in real-time and identify potential areas for cost reduction.
Abacus is an ideal option for businesses that wish to streamline their expense management process and boost efficiency.
5. QuickBooks Online
QuickBooks Online is a popular accounting software that also offers expense management features. QuickBooks Online offers receipt scanning, customizable approval workflows, and reporting. QuickBooks Online also integrates with other QuickBooks products, as well as with other software systems such as Shopify and PayPal.
Visit Website – https://quickbooks.intuit.com/
6. Happay
Happay is a cloud-based expense management solution tailored to small and medium businesses. With it, users can invest, track payments, manage budgets and organize expense reports with ease. Happay also offers personal training courses, books, webinars and online – making it one of the top alternatives to Concur.
Happay offers various features like receipt and project management, time/budget monitoring, reimbursement management, multi-income support, and management system support.
Through its AI-powered support engine, managers can manage leakage and ensure compliance by tracking notifications of violations if an employee breaches them.
Website: https://happay.com/
7. Spire
Spire is an innovative business management solution that offers an alternative to Concur tailored to small and medium businesses. With expertise in accounting, inventory control, and expense management, Spire provides a user-friendly interface and sophisticated database based on modern technologies for improved performance, scalability, and flexibility.
Through integrated systems, you can gain historical and operational data insights about your operations. It provides all the essential tools required for running a successful business while promoting sales – making it one of the top 7th Concur alternatives.
Website: https://www.spiresystems.com/
8. CaseFox
CaseFox is an all-inclusive practice management and expense-tracking software that offers a range of features that make it an attractive alternative to Concur. With its affordable pricing, user-friendly interface, and robust reporting capabilities, CaseFox makes for an ideal choice for businesses seeking to simplify their expense management processes and boost efficiency.
This software creates a secure database for your data, where all entered information is processed quickly upon entry into the system. With its help, professionals and businesses can efficiently manage their daily clocking tasks, basic accounting duties, record management duties, etc.
9. Certify
Certify is in 9th position on our list of Concur alternatives for businesses looking to streamline their spend management, travel, and invoice processes.
Certify provides a complete solution for businesses of any size with its powerful features and comprehensive reporting tools.
Certify makes expense management simple with its mobile receipt capture and automatic categorization features, real-time reporting and analytics, and advanced travel management features. As a cost-effective alternative to Concur, Certify can help businesses improve efficiency and cut expenses.
10. TripActions
TripActions is a cloud-based expense management software that offers features such as receipt scanning, customizable approval workflows, and reporting. TripActions also offers integrations with popular accounting software such as QuickBooks and Xero, as well as with other software systems such as Slack and Salesforce.
Features to consider when choosing expense management software
When choosing expense management software, there are several features that you should consider:
- Ease of use: The software should be easy to use and set up, with an intuitive user interface.
- Mobile app: A mobile app can make it easier for employees to submit expenses on the go.
- Receipt scanning: The software should offer receipt scanning and OCR (optical character recognition) to automate receipt data entry.
- Approval workflows: The software should offer customizable approval workflows to ensure that expenses are properly reviewed and approved.
- Integration: The software should integrate well with other software systems that your business uses, such as accounting software or HR software.
- Reporting: The software should offer robust reporting capabilities to provide insight into your business’s expenses.
Conclusion
These are the Top 10 Concur Alternatives 2023. Depending on your requirements, you can pick which of these alternatives best meets your needs. With its advanced features, users can create a personalized dashboard that compiles multiple reports and allows financial managers to keep tabs on all travel expenses.
