Spendwise is a cloud-based spend management software that lets you instantly generate purchase orders, create and track budgets, manage bills and expenses, and more. Its features include invoice matching, reporting, and accounting system integrations. Its monthly fees start at $9 per user, and it’s best for startups and small to midsize businesses (SMBs).
Spendwise Pros and Cons
Convenient and easy to use
Search function is not great
Ability to assign roles to users
Lacks training manuals
Who Spendwise Is Best For
- Startups and SMBs: Spendwise’s affordable plans can accommodate the expense management needs of solo entrepreneurs or small businesses that have up to 25 users.
Spendwise’s pricing page shows three plans with monthly fees that range from $9 to more than $19 per user. The main differences between the plans are the maximum numbers of users and transactions per month and access to advanced features, such as multiple dashboards, approval limits and workflows, and accounting system integrations.
*Please note that its Pro plan is sold in packs of five users.
If you subscribe on an annual basis, then you will get two free months.
Basic supports up to five users and 10 transactions per month. If you are subscribed to this plan, then you can purchase and receive orders, perform invoice matching, and generate reports.
Pro is good for up to 25 users, and it comes with unlimited transactions per month. It has everything that’s in Basic, in addition to multiple dashboards, approval limits and workflows, custom user roles, and budget creation. An implementation package is also available as an add-on.
Enterprise supports unlimited users, and it has all of the features in Pro. Additionally, it includes priority support and an implementation package and has the following add-ons: inventory management and accounting system integrations.
Spendwise has a wide range of features to help you plan, manage, and monitor your expenses. It provides you with a single platform where you can securely store your data and access it anytime, eliminating the need for paperwork and reducing your administrative costs. Check out my roundup of Spendwise’s top features below.
It helps you match invoices to purchase orders and delivery receipts automatically. This speeds up invoice payments and enables you to catch and correct discrepancies in your transactions.
Custom User Roles
Customize access privileges for different users to ensure that only certain people have access to particular data. This feature can help reduce unwanted usage and improve the security of your transactions.
Generate financial reports to gain valuable perspective and insight into your company’s spending and overall financial health.
It helps you create and track your expenses and make plans for purchases.
Most Helpful Spendwise Reviews
Users who gave positive Spendwise reviews like its simple and user-friendly interface. Others appreciate that it allows them to assign custom role-based access to users, while some commented that it’s less expensive compared to similar software. Meanwhile, those who left negative reviews said that its search function needs improvement and that it lacks sufficient training manuals on updates.
User-friendly interface, ability to assign roles to users
Users who left positive reviews on Capterra mentioned that its interface is neat and user-friendly, which helps them save time on their administrative tasks. Others said that its ability to assign user roles helps them ensure that only the right people are given access to certain features and transactions.
Lacks training manuals on updates
Users who left negative reviews on Capterra wish that there were more training resources or manuals available as they had found it a bit challenging to navigate through new changes.
Spendwise Frequently Asked Questions (FAQs)
Do I need to download software to use Spendwise?
No, you don’t. Spendwise is cloud-based software, so you only need an internet connection and a browser.
Can I end my plan anytime?
Yes, you may. However, please note that Spendwise doesn’t provide a refund on amounts that, regardless of the cancellation date, have already been paid.
Can I add logos to my invoices?
Yes, you can. Please note that the minimum recommended size of logos is 250×125 pixels.
Our Top Expense Management Software Picks
If you aren’t sure that Spendwise is right for you, then this article on the 6 Best Business Expense Tracker Apps is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on cost, ease of use, and features like integration with accounting software, electronic receipt capture, and ability to create approval workflow.