{"id":17800,"date":"2023-01-19T07:31:28","date_gmt":"2023-01-19T07:31:28","guid":{"rendered":"https:\/\/envoice.eu\/?p=17800"},"modified":"2024-01-31T09:18:38","modified_gmt":"2024-01-31T09:18:38","slug":"receipt-bank-vs-expensify-which-one-to-opt-for","status":"publish","type":"post","link":"https:\/\/envoice.eu\/en\/blog\/receipt-bank-vs-expensify-which-one-to-opt-for\/","title":{"rendered":"Receipt Bank vs. Expensify – Which One To Opt For?"},"content":{"rendered":"

In a fast-paced business world, it is often the small things that make a difference. And the decision to <\/span>move away from manual data entry<\/b>, and therefore the need to hire more staff or load more work on employees, will significantly impact your business.<\/span><\/p>\n

Keeping track of paperwork, ensuring no receipts get lost or full of coffee stains, and manual data entry is time-consuming, prone to errors and frankly, a massive pain. Then getting approval from the right person so that the expenses can be refunded can also be a challenge<\/span><\/p>\n

\u00a0We have come a far way in optimization since the creation of computer-based business practices, and we can still go much further<\/span><\/i>.<\/span><\/p>\n

There\u2019s no need to feel overwhelmed by mountains of receipts and invoices. There is <\/span>specialist software that manages these for you<\/b> and eliminates manual entry as much as possible. Some are very specialized at this, and others offer a broader range of tools.<\/span><\/p>\n

Expensify<\/b> and <\/span>Receipt Bank<\/b> (now known as Dext), are two such players on the market. Let\u2019s consider which software’s features are better suited to your business.<\/span><\/p>\n

What are Expensify and Receipt Bank (Dext)?<\/span><\/h2>\n

Both <\/span>Expensify<\/b> and <\/span>Receipt Bank<\/b> are forms of expense management software. This means that you, or your employees, can quickly capture information on receipts, invoices, expense reports, and other forms in an instant.<\/span><\/p>\n

It can be as simple as clicking an app on your phone<\/span><\/i>.<\/span><\/p>\n

And a mobile app is a feature that both companies offer. These apps can be accessed on both <\/span>Android<\/b> and <\/span>IOS<\/b> devices and will keep your data safe in the cloud. Both Expensify and Bank Receipt, using artificial intelligence, are able to <\/span>instantly capture<\/b> paper receipts using your phone\u2019s camera and then integrate these expenses into your accounting software.\u00a0<\/span><\/p>\n

This in itself will save a lot of valuable time. And while we all know that capturing is a part of it, <\/span>simplifying the approval process<\/b> is also key. You might also have a need to track mileage, and both these tools offer that.<\/span><\/p>\n

If you would like a complete software solution that allows you to capture receipts and create sales invoices quickly and easily, try a free <\/span><\/i>14-day trial with Envoice<\/span><\/i><\/a> today.<\/span><\/i><\/p>\n

\"aPexels<\/span><\/i><\/p>\n

So, what is the difference?<\/span><\/h2>\n

This is where the importance of <\/span>knowing your business needs<\/b>\u00a0comes into play.<\/span><\/p>\n

While both Expensify and Receipt Bank have a similar function, the role they can play in your company differs.<\/span><\/p>\n

Expensify<\/span><\/h3>\n

Expensify is a <\/span>punchy and useful<\/b> software for businesses on the move. It offers a wide range of features for quickly capturing and handling data, especially those small pesky expenses that tend to add up.<\/span><\/p>\n

For example, <\/span>Expensify<\/b> \u2013<\/span><\/p>\n