Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/728133
6 September 2016 • www.CPAPracticeAdvisor.com EXPENSE MANAGEMENT SYSTEMS Reviews BEST FIT Small to mid-sized businesses that currently need to track expenses for multiple employees. PRODUCT STRENGTHS • Product is easy to use with no training time required • Certif y is scalable, with three versions available for users to choose from • A ffordable pricing puts the prod- uct within range for businesses of all sizes • Excellent reporting capabilities are included in the product POTENTIAL LIMITATIONS • Probably not well suited to very large businesses SUMMARY & PRICING Certify is currently available in three versions: Certify Now!, which is recommended for 1-25 users and offers all basic system functionality. Certify Now is $8.00 per user per month. For larger businesses, the Professional version of Certify is available, and billed as a monthly fee. e Professional version offers additional product functionality such as an automated accounts pay- able feed, QuickBooks integration, and a corporate travel application. The Enterprise version is best suited for larger businesses with more complex needs, and offers all of the features included in both the Certify Now! and Professional edi- tions, along with both HRMS and ERP integration. e Enterprise edition is billed annually, and pric- ing for both the Professional and Enterprise editions are available upon request. www.certify.com BEST FIT Concur is well suited for large businesses that have multiple or international locations, though they do offer an option designed specifi- cally for small business owners. PRODUCT STRENGTHS • Product is scalable; available in four editions • Reporting options are good in all editions • Offers a variety of apps to choose from • Product support use worldwide POTENTIAL LIMITATIONS • Product setup and training can be cumbersome and time-con- suming for larger organizations SUMMARY & PRICING Concur is available in four editions; Small Business, Standard, Profes- sional, and Premium. e Small Business version of the product is available for immediate access at a cost of $8.00 per user per month, with a free, 30-day trial available as well. For those interested in the other editions, users can obtain an online quote directly from Concur's website. e mobile app is included in all editions of Concur at no additional cost. www.concur.com BEST FIT ExpenseWatch is targeted to small to mid-sized businesses and nonprofit organizations that require expense, purchasing, and payables management. PRODUCT STRENGTHS • Product is available by module, or users can purchase an fully integrated suite of applications • Online and mobile access makes the product available any where/ anytime • Excellent help tools are provided for all users • System suppor ts u n l i m ited approvers and allocations POTENTIAL LIMITATIONS • On ly work s w it h I nter net Explorer or Firefox browsers SUMMARY & PRICING ExpenseWatch is well suited for small to mid-sized businesses that require solid expense tracking. Its solid online/mobile functionality makes it particularly useful for companies with multiple loca- tions or with numerous remote employees. e product is fully integrated, with users able to choose from one of the available modules, which include Expense Reports, Purchasing, and Payable Invoices. Pricing for the Expense Reports module is $8.00 to $14.00 per user. Pricing for both the Purchasing and Pay Invoices modules are $24.00 to $31.00 each - per user, per month. www.expensewatch.com BEST FIT Expensify is a user-friendly, yet comprehensive expense manage- ment program that offers solid integration with a variety of third- party accounting applications, simplifying expense tracking and reimbursement processes. PRODUCT STRENGTHS • Product is affordably prices, with three versions available w ith increased functionality in each version • Users can use the online version of the product, or opt for the mobile app • Product offers a good selection of custom reporting options • In addition to tracking expenses, users can also track mileage and time POTENTIAL LIMITATIONS • Product support is only available through email and chat SUMMARY & PRICING Expensify is available in three ver- sions, with the ability to scale up when needed. e Individual plan is free and offers limited function- ality, and is best suited for micro- businesses, with 10 free SmartScans per month, as well as access to the free mobile app and unlimited receipt storage. For businesses with more than a single user, the Team plan is available for $5.00 per user per month, and offers unlimited SmartScans, as well as online next day ACH expense reimburse- ment, and direct integration with QuickBooks and Xero, as well as email/chat product support. e Corporate plan is $9.00 per user, per user per month, and offers all of the Team version features, as well as advanced policy enforcement, multi-stage approval workflow, and direct integration with a variety of third party applications. www.expensify.com Certify Expense Management Concur Expense ExpenseWatch Spend Management Expensify Travel Management System Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12248236 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12248250 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12248244 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12248238 5 5 4.75 4.75 2016 OVERALL RATING 2016 OVERALL RATING 2016 OVERALL RATING 2016 OVERALL RATING