Expensify vs Payhawk (2024 Comparison)
Expensify simplifies expense management with advanced receipt scanning and a user-friendly mobile app. Its wide range of integrations makes it a versatile tool for businesses of all sizes.
- Advanced receipt scanning technology
- Wide range of integrations
- User-friendly mobile app
- Limited invoice management features
- Occasional delays in customer support
Free plan?
YesStarting price
$5 per user/month
Payhawk offers comprehensive financial management with real-time insights and robust invoice management. Its responsive customer support ensures a smooth experience for businesses.
- Comprehensive invoice management
- Real-time financial insights
- Responsive customer support
- Slightly higher learning curve
- Fewer integrations than Expensify
Free plan?
NoStarting price
£149 per monthWhat is Expensify?
Expensify is a comprehensive expense management tool designed to simplify the process of tracking and reporting expenses. It automates the tedious task of expense reporting by allowing users to scan receipts, track mileage, and manage expenses on the go. With its user-friendly interface, Expensify helps businesses streamline their financial operations, ensuring accuracy and efficiency. Whether you're a freelancer or part of a large corporation, Expensify offers a seamless experience that saves time and reduces errors, making it an essential tool for managing expenses effectively.
What is Payhawk?
Payhawk is a financial management platform that offers businesses a seamless way to manage their expenses, payments, and invoices. It integrates with various accounting software, providing real-time insights into company spending. Payhawk's intuitive interface and robust features make it easy for businesses to control their finances, reduce administrative tasks, and ensure compliance. Whether you're a small business or a large enterprise, Payhawk helps you stay on top of your financial operations, making it an invaluable tool for efficient financial management.
Pros and Cons of Expensify vs Payhawk
Pros & Cons of Expensify
- Expensify's receipt scanning technology is top-notch, allowing users to quickly and accurately capture expense details. This feature saves time and reduces errors, making it a valuable tool for businesses.
- Expensify offers a wide range of integrations with popular accounting and financial software, making it easy to connect and streamline your financial operations.
- The Expensify mobile app is designed with user-friendliness in mind, allowing users to manage expenses on the go with ease. Its intuitive interface makes it a favorite among users.
- While Expensify offers basic invoice management features, it may not be sufficient for businesses with complex invoicing needs. Users may need to look for additional tools to manage invoices effectively.
- Expensify's customer support is generally reliable, but there may be occasional delays in response times. This can be frustrating for users who require immediate assistance.
Pros & Cons of Payhawk
- Payhawk offers a comprehensive solution for managing and tracking invoices, making it an ideal choice for businesses with complex invoicing needs. Its robust features ensure accuracy and efficiency.
- Payhawk provides real-time insights into company spending, allowing businesses to make informed decisions based on up-to-date financial data. This feature is invaluable for maintaining financial health.
- Payhawk's customer support team is known for being responsive and helpful, providing users with the assistance they need in a timely manner. This ensures a smooth user experience.
- Payhawk's advanced features may require a bit of a learning curve for new users. However, once familiarized, users can fully leverage its capabilities.
- While Payhawk offers robust integration options, its library is not as extensive as Expensify's. Users may need to check compatibility with their existing tools.
Expensify vs Payhawk: At A Glance
Expensify vs Payhawk: A Detailed Breakdown of Key Features
Receipt Scanning
Expensify excels in receipt scanning, offering a seamless experience with its smart scan technology. You simply snap a photo, and the app extracts the necessary details. Payhawk also provides a robust receipt scanning feature, but Expensify's technology is slightly more advanced, making it easier to capture and categorize expenses. If you prioritize efficient receipt scanning, Expensify is the better choice.
Expense Reporting
Both Expensify and Payhawk offer comprehensive expense reporting features. However, Payhawk's reporting capabilities are more advanced, providing detailed insights and customizable reports. Expensify offers solid reporting, but Payhawk's features are more suited for businesses that require in-depth analysis. If detailed expense reporting is crucial, Payhawk is the superior option.
Mileage Tracking
Expensify offers a reliable mileage tracking feature, allowing users to log trips and calculate expenses accurately. Payhawk also provides mileage tracking, but Expensify's feature is more user-friendly and accurate. If mileage tracking is a key requirement, Expensify is the better choice.
Invoice Management
Payhawk stands out in invoice management, offering a comprehensive solution for managing and tracking invoices. Expensify provides basic invoice management features, but Payhawk's capabilities are more robust and suited for businesses with complex invoicing needs. If invoice management is a priority, Payhawk is the superior choice.
Real-time Insights
Payhawk offers real-time insights into company spending, providing businesses with valuable data to make informed decisions. Expensify also provides insights, but Payhawk's real-time capabilities are more advanced, offering a clearer picture of financial health. If real-time insights are important, Payhawk is the better option.
Mobile App
Both Expensify and Payhawk offer mobile apps that allow users to manage expenses on the go. Expensify's app is user-friendly and offers a seamless experience, while Payhawk's app provides similar functionality with a slightly more intuitive interface. If mobile app usability is a priority, Payhawk is the better choice.
Pricing Comparison of Expensify and Payhawk
We’ve compiled the pricing tables and highlighted the key features of both Expensify and Payhawk to aid in your decision-making process. Let’s explore what each platform has to offer.
Expensify Pricing Plans
- Expensify Cards with Smart Limits for controlled spending.
- Bill pay and invoicing to streamline financial operations.
- Expense approvals to ensure compliance and accuracy.
- Third-party card feeds and reconciliation for seamless integration.
- Certinia and Workday sync for enhanced HR and finance operations.
- Multiple expense approvers for complex organizational structures.
- SAML/SSO for secure and simplified user access.
- Admin-enforced controls for robust policy enforcement.
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 rigorously evaluate each financial management tool, focusing on key aspects like functionality, ease of use, and customer support. By analyzing user feedback and conducting thorough testing, we ensure our recommendations are reliable. Each factor is weighted to provide an accurate final rating, helping you make informed decisions.
Expensify or Payhawk: Which One Matches Your Business Needs?
Choose Expensify If You Need ...
- Advanced receipt scanning technology
If you need a tool with advanced receipt scanning technology, Expensify is the ideal choice. Its smart scan feature allows you to quickly capture and categorize expenses, saving time and reducing errors.
- Wide range of integrations
If you require a tool with a wide range of integrations, Expensify is the better option. It connects seamlessly with popular accounting and financial software, streamlining your financial operations.
Choose Payhawk If You Need ...
- Comprehensive invoice management
If you need a tool with comprehensive invoice management, Payhawk is the superior choice. Its robust features ensure accurate and efficient management of invoices, making it ideal for businesses with complex invoicing needs.
- Real-time financial insights
If you require real-time financial insights, Payhawk is the better option. It provides up-to-date data on company spending, allowing you to make informed decisions and maintain financial health.
Frequently Asked Questions
Which tool offers better receipt scanning capabilities?
Which tool is more suitable for complex invoicing needs?
Which tool provides better real-time financial insights?
Which tool offers more integrations?
Which tool is more user-friendly?
Which tool 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.
