What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in expense management software category. Our data sources in expense management software category include;
Expense management software allows users to manage employee expenses. Tracking, processing and reimbursement of expenses is facilitated by using expense management software. It can also be used to track billable hours. Typical expense management software users are:
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We use the data sources on the side for ranking solutions and awarding badges in expense management software category. Our data sources in expense management software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Expensify
Paychex Flex
Paylocity
Emburse
Paycom
Taking into account the latest metrics outlined below, these are the current expense management software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Expensify
Paylocity
Emburse
Paychex Flex
Paycom
These are the number of queries on search engines which include the brand name of the solution. Compared to other ERP categories, Expense Management Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 45%, 30% more than the average of search queries in this area.
36 employees work for a typical company in this solution category which is 15 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 111 companies with >10 employees are offering expense management software. Top 3 products are developed by companies with a total of 40k employees. The largest company building expense management software is Paychex Inc with more than 10,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Paychex Flex
Expensify
Paylocity
Emburse
Pleo
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Expense Management Software companies. The most positive word describing Expense Management Software is “Easy to use” that is used in 17% of the reviews. The most negative one is “Difficult” with which is used in 4.00% of all the Expense Management Software reviews.
According to customer reviews, most common company size for expense management software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 37% of expense management software customers. For an average ERP solution, customers with 51-1,000 employees make up 23% of total customers.
These scores are the average scores collected from customer reviews for all Expense Management Software. Expense Management Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 2k times per month on search engines in 2022. This number has decreased to 1.1k in 2023. If we compare with other erp solutions, a typical solution was searched 890 times in 2022 and this decreased to 628 in 2023.