Best Expense Management 2024: Ramp Credit Card vs Brex vs BILL Spend & Expense (Divvy) vs Expensify
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- Опубліковано 16 чер 2024
- 🚀 Best Expense Management Software Comparison: efficient.link/expense
↳ 🥇 BILL Spend & Expense: efficient.link/r/bill (free)
↳ 🥇 Ramp: efficient.link/r/ramp (free)
↳ Expensify: efficient.link/r/expensify (free trial)
↳ Brex: efficient.link/r/brex (free)
🤔 Take Quiz
For personalized software recommendations:
↳ efficient.link/quiz
💬 Description
↳ Traditional business credit cards are OUT, and Expense Management software is IN! In this video, we're comparing the tools we recommend (BILL Spend & Expense and Ramp), and the tools we'd avoid (Brex and Expensify). Learn how expense management tools automatically reconcile your expenses, save you a ton of time, and give you cash back. Did we also mention they are totally free to use? $0! This is one of the most underrated software categories that not enough businesses know about!
✍️ Full Expense Management Deep-Dive Reviews
↳ Best: efficient.link/expense
↳ BILL Review: efficient.app/apps/bill
↳ Ramp Review: efficient.app/apps/ramp
↳ Expensify Review: efficient.app/apps/expensify
↳ Brex Review: efficient.app/apps/brex
↳ No-BS Software Reviews & Comparisons: efficient.app
🚀 Other Software Mentioned (Affiliate)
↳ Motion: efficient.link/r/motion (Get 7 days free)
↳ Superhuman: efficient.link/r/superhuman (Get 30 days free)
↳ Screen Studio: efficient.link/r/screen-studio
↳ No-BS Software Reviews & Comparisons: efficient.app
🎥 What We Covered:
0:00 - Why Use Expense Management Software?
3:23 - How Much Does Expense Management Software Cost?
4:26 - Control Your Spend
5:06 - Someone Stole Our Credit Card
6:25 - BILL vs Ramp
8:37 - Brex
9:09 - Expensify
11:24 - Can't Live Without This Software Category
12:28 - BLOOPERS
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Did you hear about expense management software before this video? 🚀
Best Expense Management Software: efficient.link/expense
↳ 🥇 BILL Spend & Expense: efficient.link/r/bill (free)
↳ 🥇 Ramp: efficient.link/r/ramp (free)
↳ Expensify: efficient.link/r/expensify (free trial)
↳ Brex: efficient.link/r/brex (free)
🤔 *Take Quiz*
For personalized software recommendations:
↳ efficient.link/quiz
FULL control over your spend and budgeting 🙌 thanks for the mention, Alex & Andra!
Course! We're happy customers back from the Divvy days 🙏 excited for what you're building!
Love the blooper reel addition. Also really like the steady balance of both of you leading your own segments for breaks in between so it keeps attention and changed the pace up, watched the whole thing ^_^ Very cool!
Awe! This means a lot-so glad we kept your attention because we know this is not everyone's favorite topic by any means 😅
Also was hesitant about the bloopers, but we're glad we did them, appreciate the validation there 🙌 appreciate you!
Expense managment is surely about tot ake off, especially for Art Auctioning!
So interesting! Why Art Auctioning specifically? Tell me more 👀👀
@@efficientapp lots of innovation in the space to help both artists/collectors and buyers to manage Art investment and Assets
Would that make sense for expense management though? Sounds more like a CRM could be of help there? For example: efficient.yt/crm
This is awesome, super insightful!
Thanks Darin! This is one of just a few tools that we couldn't live without in our business 🙏
So the question would be - what if you were a small-mid size company - but qualify to use either Bill Speed or Ramp- which would you go too-let me add- and your focus is not on billing or creating of invoices but the focus would be about bill pay and tracking , budget
Ah in that case if you have far more than $75K in your business checking/savings and you're an SMB, I'd actually opt for efficient.link/r/ramp - and congrats for having great cashflow 👏👏👏
So just as a quick follow up to that question- is there a specific reason you lean toward Ramp- better tracking? What I am frustrated with is my CPA has an accountant that does the books.. But actually she really doesn’t - and I don’t get the quarterly reports that I have been asking for.. I have QB to integrate into and looking to see if this would be a benefit- so as far as the Virtual CC are they then running credit reports to it impacts our credit score
If you're a small business and worried about credit score (I'm pretty sure neither BILL nor Ramp run your credit score, we signed up for both and didn't get our credit score pulled, they just require you connect your business bank account for them to see the balance).
In general, Ramp just has a bit more backing from the VC world and is a bit further along than BILL S&E, although they are definitely focused on more larger business features and automation functionality. For example, if you're spending a lot on software (e.g. larger business) they have some data and negotiation functionality, but that's if you're spending over say $10K on a specific SaaS tool.
It's more that if you're an SMB, BILL Spend & Expense's product is going to be more geared toward your needs. If you're a growing business and expect to have more admin and expense complexity with larger teams, Ramp is building workflows for that.
You genuinely can't go wrong with either, it's just if you don't value the larger business features that Ramp is building, then go with BILL. I'm saying that if we were to be starting out today and able to use Ramp OR BILL S&E, we'd personally go with Ramp assuming we will continually have the $75K bank minimum.
Thanks for that update- I just know what a scam the CC scores can be and the minute someone does an inquiry they hammer you.. just was curious if you knew
Ah, got it. Yeah BILL and Ramp are both business credit card solutions, if you have a proper business with an EIN number, there's no credit score that's pulled that I'm aware of. That's why Ramp has minimum requirements. With a business, there are other ways to see qualifications outside of an individual's credit score.
thanks guys this is super helpful
Awe, so glad to hear! Did you end up moving forward with either BILL or Ramp?
efficient.link/r/bill
efficient.link/r/ramp
This video is really great, keep up the good work!
Super appreciate it! Curious if you're using BILL S&E or Ramp (or something else?)
@@efficientapp No, I had never heard of them! It seems like it could be super useful though, and I will probably look into it!
Awesome to hear! Definitely be sure to use our link if you do sign up as it'll lock you in to any future course content/deals we release:
BILL S&E: efficient.link/r/bill
Ramp: efficient.link/r/ramp
We're trying to figure out how to give the best perks to people by using our link to sign up 🙏
This was really good and informative but…we all want some of those EfficientApp t-shirts! 😂
Bahahaha okay yeah, Alex officially needs to stop wearing his Asana shirts and we need Efficient App swag 😁 we'll be sure to send you one when we do!
It’s funny how Brex’s billboard focuses their attacks on how bad Expensify is.. when it’s more kettle calling the pot black😂
Hahaha so true, aren't you supposed to punch upward? I guess the problem is if Brex ran ads against how it's better than Ramp or BILL Spend & Expense, it would just be too comedic, so Expensify gets the bullying 🙈
Would I still need a book keeper? 🧐
I mean their only role would be to reconcile the books, but that's really just ensuring everything equals 0. We have a bookkeeper now, well Gelt: efficient.link/r/gelt but I reconciled my own books because BILL Spend & Expense made things so seamless for years.
Depends on your other needs and such, though for some companies, there's more to book keeping than expense matching. But yeah, for many it should serve as a replacement on 80% of things.
What type of business do you have and what is the current complexity of your books/reconciling and how are you currently doing things? TBH receipt matching is a low value use for a book keeper.
Hey Alex, I just watched your video and I must say that it was really informative and well-made.
I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
Thanks for the kind words! We're all set though 👌