Top 3 Simplified Expense Tracking Software Solutions and its Features

An expense tracking software is a platform that simplifies finance-related tasks. For example, the software allows companies to monitor and track their employee expense reimbursement process and track recurring business receivables and payables with advanced reports & analytics.

Modern-day Expense tracking software eliminates the need for paper, lowers the amount of time spent handling expenses, and most importantly, promotes work accuracy.

Features of Expense Tracking Software

• Cloud-Based Storage: Expense tracking software saves all the data on a cloud-based platform. It allows users to access the expense data on multiple devices remotely. Also, cloud-storage media keep the data safe in case of accidents.
• Analytics & Reports: Expense tracking software help accountants, bookkeepers, and managers create insightful reports and analytics. The management can use the reports in formulating policies and enhancing the decision-making process.
• Intuitive Dashboard: Dashboards make the recorded data accessible in a visual format that is easy to understand and analyze. The intuitive dashboard is critical for users to record, rectify, and omit necessary transactions.
• Multiple Currencies: A business may operate in several countries. To facilitate a convenient expense tracking process, expense tracking tools are equipped with devices that allow the company to record multiple currencies.
• Integrations: Expense tracking software solutions can also be integrated with multiple platforms such as accounting software, Google, etc. Integrations help businesses to quickly import and export data.

Top 3 Expense Tracking Software Solutions

1. Talygen
   Talygen offers robust expense tracking features to keep track of the business’s cash flow and financial progress. The tools help business owners to save time, money, and stress. Managers can scan receipts, set up delegated access, and so much more. Talygen can also automate selected tasks and detect duplicate receipts.
2. Expensify
   Expensify enables businesses to import credit card details to provide you with a detailed report on your bills outstanding and advance payments. It imports GL codes from the accounting package and set up multi-level approval workflows. Businesses can sync accounting, HR, and travel integrations to prepare for the tax season.
3. SupportPay
   SupportPay is a powerful expense tracking solution to organize, manage, and transfer payment receipts. SupportPay can be accessed on multiple devices and operating systems. It helps managers in eliminating unclear spreadsheets, boxes, and receipts. SupportPay is used in more than 50 US states and 70 international countries.