Brex vs Payhawk (2024 Comparison)
Brex offers a comprehensive suite of financial services, including corporate credit cards and cash management accounts. Its real-time insights and seamless integrations make it an ideal choice for businesses seeking an all-in-one financial solution.
- Comprehensive financial services suite
- Real-time financial insights
- Seamless accounting integrations
- Limited focus on expense management
- Higher learning curve for new users
Free plan?
YesStarting price
$12 per month per user
Payhawk excels in expense management with automated reporting and a user-friendly interface. It's perfect for businesses looking to streamline their expense processes and gain better control over their financial data.
- Excellent expense management features
- User-friendly interface
- Automated expense reporting
- Limited cash management features
- Fewer integrations than Brex
Free plan?
NoStarting price
£149 per monthWhat is Brex?
Brex is a financial technology company that provides a comprehensive suite of financial services tailored for businesses. It offers corporate credit cards, cash management accounts, and expense management tools, all designed to streamline financial operations. Brex helps businesses manage their finances more efficiently by providing real-time insights, seamless integrations with accounting software, and automated expense tracking. This makes it an ideal choice for startups and growing companies looking to optimize their financial processes and gain better control over their cash flow.
What is Payhawk?
Payhawk is a financial management platform that simplifies expense management for businesses. It offers a range of features, including corporate cards, automated expense reporting, and seamless integrations with accounting software. Payhawk helps businesses streamline their financial operations by providing real-time visibility into spending, reducing manual data entry, and ensuring compliance with company policies. This makes it an excellent choice for companies looking to improve their expense management processes and gain better control over their financial data.
Pros and Cons of Brex vs Payhawk
Pros & Cons of Brex
- Brex offers a wide range of financial services, including corporate credit cards, cash management accounts, and expense management tools. This comprehensive suite makes it an ideal choice for businesses looking for an all-in-one financial solution.
- Brex provides real-time insights into financial data, allowing businesses to make informed decisions quickly. This feature is particularly valuable for companies looking to gain better control over their finances.
- Brex offers seamless integrations with popular accounting software, enhancing its appeal to businesses looking to streamline their financial operations. This feature ensures that businesses can easily manage their finances without the need for manual data entry.
- While Brex offers expense management features, its primary focus is on providing a comprehensive suite of financial services. This may limit its appeal to businesses looking for a platform that specializes in expense management.
- Brex's comprehensive suite of features may present a higher learning curve for new users. Businesses may need to invest time in training and familiarization to fully leverage the platform's capabilities.
Pros & Cons of Payhawk
- Payhawk excels in expense management, offering automated expense reporting, real-time visibility into spending, and compliance with company policies. This makes it an excellent choice for businesses looking to streamline their expense management processes.
- Payhawk's user-friendly interface simplifies expense management, making it easy for businesses to track and manage their expenses efficiently. This feature is particularly beneficial for companies looking for a straightforward platform.
- Payhawk offers automated expense reporting, reducing the need for manual data entry and ensuring compliance with company policies. This feature is particularly beneficial for businesses looking to streamline their expense management processes.
- Payhawk's focus on expense management means that it offers limited cash management features. Businesses looking for a more comprehensive financial solution may find this limitation restrictive.
- While Payhawk offers essential integrations, it may not provide the same level of flexibility as Brex. Businesses seeking a more comprehensive integration solution may find this limitation a drawback.
Brex vs Payhawk: At A Glance
Brex vs Payhawk: A Detailed Breakdown of Key Features
Corporate Credit Cards
Brex offers a robust corporate credit card solution that provides businesses with flexible spending limits, real-time expense tracking, and seamless integration with accounting software. This feature is particularly beneficial for startups and growing companies looking to manage their expenses efficiently. Payhawk also offers corporate cards, but Brex's comprehensive suite of features and integrations gives it an edge in this area. If you're looking for a more versatile corporate credit card solution, Brex is the better choice.
Expense Management
Payhawk excels in expense management, offering automated expense reporting, real-time visibility into spending, and compliance with company policies. This makes it an excellent choice for businesses looking to streamline their expense management processes. Brex also offers expense management features, but Payhawk's focus on this area gives it a slight advantage. If your primary concern is efficient expense management, Payhawk is the better option.
Cash Management
Brex provides a comprehensive cash management solution that includes cash accounts, ACH transfers, and wire payments. This feature is ideal for businesses looking to optimize their cash flow and manage their finances more effectively. Payhawk offers basic cash management features, but Brex's broader range of services makes it the better choice for businesses seeking a more comprehensive cash management solution.
Real-Time Insights
Brex offers real-time insights into financial data, allowing businesses to make informed decisions quickly. This feature is particularly valuable for companies looking to gain better control over their finances. Payhawk also provides real-time insights, but Brex's comprehensive suite of financial services enhances its value proposition. If you're looking for a platform that offers real-time insights across a wide range of financial services, Brex is the better choice.
Automated Expense Reporting
Payhawk offers automated expense reporting, reducing the need for manual data entry and ensuring compliance with company policies. This feature is particularly beneficial for businesses looking to streamline their expense management processes. Brex also offers automated expense reporting, but Payhawk's focus on this area gives it a slight advantage. If your primary concern is efficient expense reporting, Payhawk is the better option.
Seamless Integrations
Both Brex and Payhawk offer seamless integrations with popular accounting software, enhancing their appeal to businesses looking to streamline their financial operations. Brex's broader range of integrations, including with major accounting platforms, gives it a slight edge in this dimension. Payhawk, while offering essential integrations, may not provide the same level of flexibility as Brex. Businesses seeking a more comprehensive integration solution will find Brex to be the better option.
Pricing Comparison of Brex and Payhawk
To assist you in making an informed choice, we’ve outlined the pricing plans and essential features of Brex and Payhawk. This comparison will highlight the best option for managing your business finances.
Brex Pricing Plans
- AI powered custom rules to automate spending controls.
- Up to two entities supported, including 1 global entity.
- Accounting integrations for streamlined financial management.
- Local currency wires to facilitate international payments.
- Dynamic expense review chains for efficient approval processes.
- AI-powered compliance audit detection and insights for risk management.
- Advanced approvals with dynamic Spend Limit approval chains.
- Multi-entity support for US & International operations.
- Local card issuance, collections, reimbursements, and policies.
- Local language support for international teams.
- Named account manager for personalized support.
- Fully customizable implementation services for tailored solutions.
Payhawk Pricing Plans
- Access dedicated bank accounts for streamlined financial management.
- Utilize Visa Credit and Debit cards in multiple currencies for flexibility.
- Benefit from virtual and physical cards compatible with Google Wallet and Apple Pay.
- Track carbon emissions on card spend to support sustainability efforts.
- Enjoy free domestic reimbursements and supplier payments for cost efficiency.
- Utilize end-to-end invoice management for seamless financial operations.
- Design advanced approval workflows for enhanced control and oversight.
- Track budgets effectively to ensure financial discipline and planning.
- Access a multi-entity dashboard and settings for global management.
- Integrate with enterprise accounting systems like NetSuite and Microsoft Dynamics.
- Utilize HR integrations for seamless employee expense management.
- Benefit from SSO/SAML authentication for secure access and control.
Our Rating Methodology
We thoroughly evaluate each financial management tool, focusing on key aspects like functionality, ease of use, and integrations. By analyzing user feedback and conducting in-depth testing, we ensure our recommendations align with your needs. Each factor is weighted by importance to deliver a reliable final rating, helping you make informed decisions.
Brex or Payhawk: Which One Matches Your Business Needs?
Choose Brex If You Need ...
- Comprehensive financial solution
If you are a business looking for a comprehensive financial solution that includes corporate credit cards, cash management accounts, and expense management tools, Brex is the better choice. Its wide range of services and real-time insights make it an ideal option for businesses seeking an all-in-one financial platform.
- Real-time financial insights
If you need real-time financial insights to make informed decisions quickly, Brex is the better choice. Its comprehensive suite of financial services and seamless integrations provide businesses with the data they need to gain better control over their finances.
Choose Payhawk If You Need ...
- Efficient expense management
If your primary concern is efficient expense management, Payhawk is the better option. Its automated expense reporting, real-time visibility into spending, and compliance with company policies make it an excellent choice for businesses looking to streamline their expense management processes.
- User-friendly interface
If you are looking for a user-friendly platform that simplifies expense management, Payhawk is the better choice. Its intuitive interface and straightforward navigation make it easy for businesses to track and manage their expenses efficiently.
Frequently Asked Questions
What are the key differences between Brex and Payhawk?
Which platform is better for expense management?
Which platform offers better integrations?
Which platform provides better real-time insights?
Which platform is more user-friendly?
Which platform offers better customer support?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
