Top 10 Business Expense Management Solutions Companies - 2019
Coupa Software [NASDAQ: COUP]: Pioneering the Bestin- Class Expense Management solution

Top 10 Business Expense Management Solutions Companies - 2019

Expense management technology has come a long way, spurred by the evolution of automation and artificial intelligence. Early adopters of expense management solutions have not only mitigated their losses but also reduced the time taken to perform various business processes. However, the speed of adoption needs to match the momentum of the evolving trends to achieve optimum benefits from expense management technology.

The integration of expense management software can empower organizations to take control of their revenue and streamline business processes. In the current landscape, expense management is a must-have technology for every business, irrespective of the industry.

Inspired by such innovative trends transforming the industry, CFO Tech Outlook has compiled a list of top 10 business expense management solution providers that are making significant contributions to the business world. In the cover for this edition, we have Coupa Software, a provider of robust cloud spends management (CSM) solution designed to aid organizations in taking control of their indirect spending while increasing savings. Another featured company is AutoReimbursement. com (ARC), a provider of vehicle reimbursement for companies with mobile employees. ARC offers unique fixed and variable (FAVR) plans that help companies reduce risk, navigate policy issues, and optimize their travel expenses. We have included Mobileware in this edition. The company specializes in the development of high-quality mobile applications designed to aid client organizations in instantly accessing their expenditure information irrespective of time and location.

With several innovative capabilities and success stories up their sleeves, these firms are constantly helping companies simplify and streamline their processes. We hope this edition of CFO Tech Outlook assists you in fostering productive partnerships and enhancing revenue growth through the integration of robust software solutions.

We present to you CFO Tech Outlook’s, “Top 10 Business Expense Management Solution Providers – 2019.”

Top Business Expense Management Solutions Companies

Delivers IRS-approved fixed and variable rate (FAVR) reimbursement program that is accurate, reliable, and comprehensive. AutoReimbursement.com’s IRS-approved FAVR program takes into account location-specific fuel costs, an individual’s business mileage, and the maintenance cost incurred by each driver, to provide businesses with a tailored reimbursement plan for every employee. Leveraging GPS-enabled smart devices and comprehensive vehicle management solutions, AutoReimbursement.com tracks and records every employee’s business travel information in its database. Analyzing this data, AutoReimbursement.com helps companies create a tailored FAVR plan for each mobile worker

autoreimbursement.com

Coupa Software is a provider of disruptive and innovative cloud spends management (CSM) solutions that help companies control and gain visibility into their indirect spending while generating savings that go directly to the bottom line. The company combines e-procurement, expense management, and e-invoicing capabilities in the spend management industry's only unified cloud platform. The platform is innovative, easy to use, fast to configure and deploy, and cost-effective. Coupa is leading the way in helping companies spend smarter and save more with in-depth domain knowledge in e-procurement, e-invoicing, and expense management

www.coupa.com

Data-Basics, Inc. is a provider of Internet-based enterprise software solutions for the service and construction management industries. Providing a fully integrated system, the firm helps companies plan and track daily activities in real-time while managing corporate data in a customized, secure environment. Data-Basics is one software provider in the market today who offers service contractors powerful tools to accommodate both field service and construction management responsibilities in one complete ERP package. Data-Basics has been providing software that serves HVAC Contractors, Electrical Contractors, Plumbing Contractors, National Service Providers, and other specialty trades within the service industry for more than 40 years

www.databasics.com

mindWireless is the biggest and most experienced independent telecom expense management provider focused exclusively on corporate mobility solutions. Their corporate mobility management solutions allow their clients to take full advantage of the latest devices, plans, and technologies at the lowest cost. Their project management team has extensive expertise in telecommunications, supply chain management, technology, and strategic sourcing. Underlying everything they do is their incomparable customer service. Over a decade of telecom management experience has provided them with a wealth of best practices that they use to develop highly efficient processes that reduce costs for the clients

mindwireless.com

Mobileware focuses on developing high quality mobile applications to individual and business users, enabling them access to their expenditure information instantly at anytime, anywhere. The company’s flagship solution- iXpenseIt, simplifies the tracking of daily expenses and monthly budgets. Apart from iXpenseIt, Mobileware also offers applications such as the FYI Decision – for clear, objective decision-making, FYI Mileage – for tracking mileage on trips, FYI Tips – for tip calculations and reimbursements and onTime – for train schedules. Mobileware focuses on developing high quality mobile applications to individual and business users, enabling them access to their expenditure information instantly at anytime, anywhere. The company’s flagship solution- iXpenseIt, simplifies the tracking of daily expenses and monthly budgets. Apart from iXpenseIt, Mobileware also offers applications such as the FYI Decision – for clear, objective decision-making, FYI Mileage – for tracking mileage on trips, FYI Tips – for tip calculations and reimbursements and onTime – for train schedules

www.fyimobileware.com

They make sure that the market knows about their company, PayFileIQ, which is serious about automating accounts payable processes, and serious about leading this space. PayFileIQ makes money helping its clients to save money while narrowing the cost of processing Accounts Payable & Accounts Receivable transactions with rapid approvals and lesser journal entry steps, all with lower effort and expenses. Needing only an internet connection and a web browser, the company is focused on modernizing and personalizing the order-to-cash and procure-to-pay processes for customers that send and receive hundreds, or thousands, of invoices each month

payfileiq.com

bento

bento

Bento is a company that offers a complete B2B payment solution for small and mid-size businesses. Bento’s financial operating platform enables businesses to issue physical and virtual payment credentials to people and systems without introducing risk while offering companies unprecedented control, and visibility over their B2B expenses and company spend. Open APIs, and White Label partnerships extend these control and management benefits to automate payments well beyond expenses alone. The company’s mission is to provide businesses with a powerful financial operating platform so they can further their vision, empower their employees, and create value for their customers

Divvy

Divvy

Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. By integrating real-time tracking for every business transaction, the company provides organizations with instant insight into their spend. With Divvy, the organizations can make informed cash flow decisions, curb losses before they happen, and never have to save a receipt again. The company is designed to support the way businesses work today with a network of asynchronous technologies and delegated authority. The company offers centralized control and distributed spending by creating budgets that support the company’s financial process, then empower the teams to spend

Pivot Payables

Pivot Payables

Pivot Payables deliver apps that enhance the value of customer investments in business-critical processes and systems for spend and payment management related to expense, invoice, and travel. Their solutions connect independent systems to automate and improve workflow, increasing efficiencies and giving greater visibility to critical data, while also enabling leadership with better management and decision-making tools. World-class leaders, business-critical systems, together, with Pivot Payables, partnerships designed to benefit the customer. PivotPrime has project expense management covered from spend to client billing. PivotNexus connects Concur to ERP/Accounting applications, virtually any system out there

Zoho

Zoho

The privately held company Zoho Corporation specializes in the development of innovative and robust software designed to bring growth to your business. The operating system provided by Zoho is a single online platform capable of running an entire business. Its robust applications are designed for various business verticals, including sales, marketing, customer support, accounting, and back-office operations. As a prolific software company, Zoho offers an array of productivity and collaboration tools. Over 45 million users from thousands of companies across the world leverage the solutions provided by Zoho