Top 10 Best Business Expense Tracking Software

For every business trip, companies must set a specific budget to ensure that expenses are within the allocated amount. Business expense tracking software plays an important role in helping companies manage their expenses.

With business expense tracking software, companies can regularly monitor business expenses and reduce unexpected costs that have not been recorded.

What is business expense tracking software?

Business expense tracking software is a tool designed to help companies manage business expenses related to recording, categorizing, and analyzing expenses.

Some of the main features of business expense tracking software include ease of reimbursement, management of business travel expenses, and business expense management. With this software, companies can be assisted in monitoring the flow of expenses automatically and systematically.

Benefits of using business expense tracking software

Business expense tracking software makes it easier for companies to manage expenses more efficiently. For more details, here are some of the main benefits:

• Real-time monitoring: Real-time cash flow monitoring and transparency of expenses by category.
• Improved financial visibility: An accurate, clear, and structured overview of expenses.
• Keeping transactions secure: Prevention of duplicate transactions with the help of an approval line.
• Time savings: Shortening the reimbursement submission and disbursement process.

Recommended business expense tracking software

Here are 10 recommended business expense tracking apps to help companies manage their expenses more efficiently.

1. Mekari Expense

Mekari Expense is an Indonesian spend management system equipped with business expense tracking app to helps companies allocate budgets, monitor financial reports in real-time, and control budgets.

This software is integrated with other Mekari ecosystems such as Talenta and Jurnal. This certainly makes it easier for companies to analyze budgets without having to use multiple applications.

Key features of Mekari Expense:

• Travel & Expense: Simplifies the management of employee business travel operations, such as planning and tracking travel expenses to the reimbursement process, which is integrated with accounts payable.
• Accounts Payable: Simplifies the process of recording and paying vendors automatically and on a scheduled basis.
• Procurement: Vendor data management, supplier relationship management, purchase requests, and purchase order creation in one platform.
• Spend Control: Expenditure control based on predetermined policies so that budgets can be allocated appropriately to each business unit.

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2. Zoho Expense

Cloud-based, Zoho Expense ensures that all expense tracking can be done in real-time and centrally. It facilitates the process of recording and allocating budgets to each category.

Key features of Zoho Expense:

• OCR-based payment receipt scanning
• Travel expense tracking
• Expense policy
• Centralized dashboard integrated with other Zoho systems

3. Ramp

An AI-powered expense tracking app that helps companies track expenses more quickly and efficiently. Not just a business spending tracker, this app can also help companies save on unnecessary costs.

Key features of Ramp:

• AI-powered real-time tracking
• Cost savings analysis
• Budget control with company cards
• Integrated with other accounting software.

4. Expensify

A business expense tracking app with expense management features. This app operates in real-time, particularly in providing expense reports during business trips.

Key features of Expensify:

• Automatic receipt scanning
• Instant expense reports
• Integrated with company cards
• Integrated with other accounting software.

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5. SAP Concur

SAP Concur is an app that can be customized for different types of businesses. Commonly used in complex businesses, this application requires a lot of time for employees to learn.

Key features of SAP Concur:

• Integrated travel and expense management
• Controls company expenses
• Integrated with other SAP systems
• In-depth financial reporting
  

6. N2F

An easy-to-use cloud-based business expense tracking solution. This application also supports various currencies, making it suitable for international businesses.

Key features of N2F:

• Automatic payment receipt scanner
• Multi-currency management
• Digital approval access
• Integration with other accounting systems.
  

7. Wave

An expense tracking solution for businesses that want to centrally manage expenses, such as reimbursements and other online payments.

Key features of Wave:

• Expense recording from banks
• Payment receipt storage
• Simple financial reports
• Centralized dashboard
  

8. Emburse Professional

An efficient and easy-to-use expense tracking solution. Automatic and simple report generation to control budget policies.

Key features of Emburse Professional:

• Cloud-based invoice storage
• Company budget limit control
• Tiered approval
• Simple expense analysis

Baca Juga: 10 Best Expense Management Software for Corporate & Business

9. Xero

Business expense software that can simplify expense management. With its complex features, Xero can provide real-time financial reporting.

Key features of Xero:

• Real-time financial reporting
• Integrated financial management
• Simplified bookkeeping
  

10. Everlance

Automatic purchase tracking software that can be synchronized with company credit cards and focuses on purchase receipts.

Key features of Everlance:

• In-depth financial reporting
• Cloud-based
• Separate business and freelance packages

Best business expense tracking software with complete features

Choose the right business expense tracking software to help manage transparent and efficient business expenses for both small and large businesses. Get in-depth financial management reports for further business financial analysis.

Mekari Expense is a business expense tracking software solution for all types of businesses. With a range of key features, from real-time financial reporting, automated compliance management, payment transaction receipts with OCR, easy management of employee business expenses to seamless integration with other Mekari systems such as Talenta.

Trusted by over 35,000 businesses in Southeast Asia, Mekari Expense is here to support all types of businesses with a fast implementation process and competitive pricing. Optimize your business expense management digitally and efficiently with Mekari Expense.