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Zoho Expense is a potential solution if you’re looking for a way of managing expenses for your business. This expense management software helps you control your organisation's expenses.
Keep reading for more insight into what this product is, its features, and the potential to integrate it with your other business applications. You’ll discover the pros and cons of using Zoho Expense for your business and also how Wise Business Expense Cards can make your expense management effortless and help you save time.
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Using the Zoho expense management solution makes tracking business expenses easier. The product automates the expense reporting process from start to finish.¹ This automation improves compliance, simplifies approvals, and allows the faster payment of reimbursements.
In more detail, Zoho expense:
Looking at a Zoho Expense review on Trustpilot, the product receives a 3.7 rating² out of 5, compared to a 1.7 rating³ for Zoho overall. These figures are based on a limited number of reviews. The feedback on Capterra⁴ is more positive, with 68% of users giving a 5-star rating for Zoho Expense and only 1% of users giving a 1-star rating.
Taking a closer look at the pros and cons⁵ of using this solution from Zoho shows the following:
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⛔️ Cons: |
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Overall, Zoho Expense simplifies expense management. The same applies to the Wise Expense Card. This card makes international spending, such as travel expenses, easier and more cost-effective. It allows you to manage employee expenses simply and cleanly, even when multiple currencies are involved.
Get started with Wise Business
There’s a long list of Zoho Expense features⁶ that can benefit your business. These features include:
One prominent feature that makes this solution a popular choice for businesses is the Zoho Expense app. The app is available for both iOS and Android devices. So, your employees can easily manage their expenses using a smartphone. This smartphone use makes expense management simple on the move as well as in the office.
The system for Zoho Expense pricing⁷ is straightforward. Four different plans are tailored to suit various business needs, as you can see from the table below.
Free | Standard | Premium | Enterprise |
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£0 | £2.50 per month for each active user (annual billing - minimum of 3 users) | £4 per month for each active user (annual billing - minimum of 3 users) | £6 per month for each active user (annual billing). |
Business target: Small businesses and freelancers that need to track expenses. | Business target: Growing businesses that need to manage corporate cards and streamline expense management processes. | Business target: Global businesses that have a high volume of expenses to manage, and need a powerful solution. | Business target: Businesses that have complex needs, and need a high level of customisation. |
Features: Up to 3 users 5GB of storage for receipts 20 autoscans for receipts Expenses in multiple currencies Expenses for mileage Expense tracking for customers and projects Accounting integration | Features: Everything in the free plan Unlimited users 20 autoscans for receipts for each user Corporate card reconciliation Cash advances Approval access delegation at multiple levels Basic audit trail report | Features: Everything in the standard plan Unlimited autoscans for receipts Travel requests Purchase requests Approvals at an advanced level Per diem automation Advanced levels of customisation | Features: Everything in the premium plan TMC/OTA integration ERP integration Single Sign On (SAML) Services of a dedicated account manager Advanced audit trail report |
If you’re seeking simplicity and convenience when managing your business expenses, Zoho Expense integrations⁸ are a significant plus point. The solution integrates with other Zoho products as well as numerous popular business tools, including:
This level of integration makes it easy for your business to manage expenses across your processes.
Managing finances efficiently is essential to the smooth running of your company. Using a Wise Business Account allows you to carry out this vital task more easily. You get access to the Expense Card, which helps you to easily manage daily expenses for your employees, even for international transactions, and always using the mid-market exchange rate.
This way you can manage finances and expenses more conveniently, and save time to concentrate on the growth and performance of your business.
In summary, using Zoho Expenses makes it easier to manage business expenses in your organisation. You can choose the plan that’s the perfect fit for your business based on the features you need. These features include account reconciliation, control of approval processes, expense tracking, and audit.
Choosing the right plan allows you to manage your expense process from start to finish. You can also integrate Zoho Expenses with other popular business applications to allow your business processes to flow seamlessly.
Sources:
Sources last checked at 08/11/2022
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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