Find the best Spend Management Software
Software Advice offers objective, independent research and verified user reviews. When our advisors match you to a software provider, we may earn a referral fee.
How Software Advice ensures transparency
Software Advice lists all providers across its website—not just those that pay us—so that users can make informed purchase decisions. Users can talk to our advisors for free to receive software recommendations matching their needs. Software providers pay us for sponsored profiles to reach users interested in their products.
How Software Advice verifies reviews
Software Advice carefully verified over 2 million reviews to bring you authentic software experiences from real users. Our human moderators verify that reviewers are real people and that reviews are authentic. They use leading tech to analyze text quality and to detect plagiarism and generative AI.
Independent research methodology
Researchers at Software Advice use a mix of verified reviews, independent research, and objective methodologies to bring you selection and ranking information you can trust. While we may earn a referral fee when you visit a provider through our links or talk to an advisor, this has no influence on our research or methodology.
- Popular Comparisons
- FrontRunners
- Buyers Guide
- Related Software
Compare Products
Showing 1 - 25 of 209 products
Compare Products
Sort by
Reviews: Sorts listings by the number of user reviews we have published, greatest to least.
Average Rating: Sorts listings by overall star rating based on user reviews, highest to lowest.
Alphabetically (A-Z): Sorts listings by product name from A to Z.
Tradogram is a cloud-based procurement management solution. Users can choose from a list of integrated modules such as supplier management, purchase-to-pay, contract management, strategic sourcing and order management. Team managers can monitor purchases ...Read more about Tradogram
recommendations
Tipalti is a finance automation solution for managing accounts payable, procurement, expenses and card, and global payments. Tipalti allows businesses to onboard global suppliers, eliminate invoice entries with invoice processing, and make global payment...Read more about Tipalti
recommendations
Precoro is a cloud-based solution for procurement centralization and automation. It helps businesses manage relationships with suppliers, store contracts, and simplify requests from employees. Users can gain full visibility into spending, manage POs, orche...Read more about Precoro
recommendations
Spendwise is a cloud-based system that helps businesses and other organizations track, manage and control spending. Users can create purchase orders, submit them for approval, approve or reject them, and email them directly to vendors. Users can also keep ...Read more about Spendwise
recommendations
Procurify is the leading AI-powered procurement, accounts payable (AP), expense, and payment platform designed for mid-market organizations. We empower businesses to gain full control of their spending, driving cost savings, operational efficiency, and sma...Read more about Procurify
recommendations
Fraxion provides a complete procure-to-pay solution for purchasing, expense, and AP automation. The all-in-one procure-to-pay suite includes: -Purchase requisitions & custom approvals -Budget & policy control -Purchase order automation -Receiving, invoic...Read more about Fraxion
recommendations
PayEm’s platform automates finance processes from request to reconciliation, giving individuals and teams within global organizations the ability to manage non-payroll spend. PayEm is one platform for vendor payments, corporate credit cards, employee expen...Read more about PayEm
recommendations
GEP SMART is a cloud-based unified procurement solution that offers spend analysis, savings tracking, strategic sourcing, contract management, supplier management and procure-to-pay order processing in a mobile-enabled suite. Users can customize dashboards...Read more about GEP SMART
recommendations
Order.co is the first and only Spend Efficiency Platform that helps businesses save time, save money, and gain clarity into their spend. Order.co eliminates manual purchasing and payment tasks and gives your team one place to purchase, approve, track and p...Read more about Order.co
recommendations
Moss is an expense management software that helps businesses gain insights into finances in real-time. The platform enables administrators to automate and digitize spend, issue virtual and physical credit cards, capture and approve invoices, and track empl...Read more about Moss
RoadFlex is a Visa Business Card and expense management platform built for growing fleets. It grants full visibility and control over fuel, fleet and other work-related expenses. [1] Save an average of 11% in fuel costs the first year you switch to RoadFl...Read more about RoadFlex
We bring your entire purchasing process together in a single cloud based app that magically automates away your most boring, time-consuming purchasing tasks. Easy to use Purchase Approval System for Small Business CFOs. ProcurementExpress is simple to u...Read more about ProcurementExpress.com
ProcureDesk is a cloud-based purchasing solution designed to assist small and midsize businesses to generate and manage their purchasing processes and cash flows. The solution offers purchasing and invoicing modules that help users to generate purchase ord...Read more about ProcureDesk
Our software gives organizations full control over their spending. Most companies struggle with being able to give employees an easy way to make purchases while also having a strong process that ensures control, compliance, and accurate booking. That’s tr...Read more about Airbase
SpendMap is a procurement software designed to help businesses with purchase order automation, accounts payable management, and inventory management. Administrators can automate requisitions, purchase orders, and accounts payable tasks using a unified inte...Read more about SpendMap
Procee is a procurement software that helps businesses streamline purchasing processes. Teams can use invoice OCR to extract data automatically. Procee lets users set up approval workflows for expenses and payments. Users can control and enforce budgets f...Read more about Procee
Zip is the first and only unified intake-to-pay solution and provides one place for any employee at an organization to initiate a purchase or vendor request. Each request is correctly routed for approval across procurement, finance, IT, data security, lega...Read more about Zip
Bellwether Purchasing Software is an easy-to-use, cloud-based purchasing and inventory management solution ideal for SMB customers in all industries who create 50-1000 POs a month. Primary features include requisitions, approval routing, purchase order ma...Read more about Bellwether Purchasing Software
Teampay empowers employees to make necessary purchases quickly without sacrificing control and visibility for the finance team. With Teampay’s spend management platform, finance teams can set spend policies, automate purchase requests and reconciliation, i...Read more about Teampay
SubBase is a cutting-edge procurement software designed specifically for commercial specialty contractors and self-performing GCs. It streamlines and manages the entire material purchasing process without disrupting your current workflow. The platform enh...Read more about SubBase
Fairmarkit is an autonomous sourcing platform that transforms non-strategic spend so organizations can source more competitively at scale. It integrates with ERP and P2P systems to automate manual source-to-award workflows so procurement teams can manage 1...Read more about Fairmarkit
Spendflo offers a powerful procurement solution designed to optimize SaaS and vendor management, helping businesses streamline their procurement workflows. Our key features include: 1. SaaS Spend Management: Track and optimize your organization's SaaS su...Read more about Spendflo
Sastrify is a leading SaaS Spend Management and Procurement Software. Companies like Gorillas, Pitch and Mollie already use Sastrify to optimize their SaaS spend. We discover, manage your SaaS spend and negotiate the best deals on the market saving you up ...Read more about Sastrify
Acquirell is a procurement automation technology suite solution tailored to SMEs. The product enables the businesses to reduce purchasing costs, get an additional profit of 15% of the procured volume, and more per year through streamlining the procurement ...Read more about Acquirell
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference. Using a 5-step proprietary process, Tealbook harvests validates, enric...Read more about TealBook
Popular Comparisons
Your Guide to Top Spend Management Software, May 2024
Software Advice uses reviews from real software users to highlight the top-rated Spend Management products in North America.
Learn how products are chosenExplore FrontRunners
Rippling
Coast
Ramp
Wallester
Rindegastos
TravelBank
BILL Spend & Expense (Formerly Divvy)
Spendwise
ProcurementExpress.com
Precoro
ExpensePoint
Xente
Bellwether Purchasing Software
Fraxion
Airbase
Payhawk
Volopay
Lanes & Planes
Spendesk
Emburse Expense Professional (formerly Certify Expense)
Tradogram
Tipalti
Order.co
Emburse Expense Enterprise (formerly Chrome River Expense)
Itilite
“Usability” includes user ratings for Functionality and Ease of Use.
“Customer Satisfaction” includes user ratings for Customer Support, Likelihood to Recommend and Value for Money.
Reviews analysis period: The reviews analysis period spans two years and ends the 15th of the month prior to publication.
Buyers Guide
This detailed guide will help you find and buy the right spend management software for you and your business.
Last Updated on January 27, 2025Smarter spending and increased savings are two goals shared by all companies, regardless of their size or industry. Spend management software helps companies take a big-picture view of their spending and identify opportunities to reduce procurement costs on services, raw materials, and supplies.
With so many spend management systems on the market, it can be hard to identify the product that's right for you. This buyers guide explains the features, benefits, and factors to consider when choosing a spend management software solution.
Here’s what we’ll cover:
What is spend management software?
Spend management software is a tool that helps businesses track, report, and manage their expenses quickly and conveniently. It provides a centralized source of expense data, integrating and automating all spend-related activities. The software helps control expenditures through rules and workflows for purchase and payment approval. Analyzing historical data identifies spending trends, which helps companies improve accounting and avoid overspending.
Common features of spend management software
While features vary from product to product, spend management software typically offers some or all of the following functionality:
Expense tracking | Increase data visibility with real-time expense tracking. Reduce time spent on administrative work with automatic import of receipts, invoices, and other expenses. |
Spend analysis | Review expenditures to identify cost reduction opportunities, improve strategic sourcing, and reduce procurement costs. This feature consolidates procurement spending data in one location, eliminating the need for tedious spreadsheet and paper form management. |
Budgeting and forecasting | Analyze financial data to estimate future organizational trends, expenses, and revenues. Create budgets and forecasts to allocate resources for future business activities. |
Procurement | Organize and manage all processes and procedures involved in purchasing goods and services. Automate the procure-to-pay process to eliminate complex manual workflows while enhancing spend visibility and management. |
Receipt management | Capture and categorize receipts in a central database. Automating this task supports accurate expense calculations and categorizations. |
What type of buyer are you?
Whether you're a growing startup, midsize, or established enterprise, the right spend management software will help you save time and money. Although tools and features are typically the same across industries, different organizations have unique priorities and requirements in finding the right solution. Most buyers fall into one of these categories:
Small businesses: Startups and small companies need a straightforward system to manage expenses. Look for a pay-as-you-go spend management system that offers basic features such as expense tracking, spend analysis, and receipt tracking.
Midsize businesses: Midsize organizations and growing businesses have increased expenditures that come with additional employees, customers, and vendors. Look for solutions that support complex functions such as spend control, procurement management, and forecasting. These tools will help predict future growth based on historical data.
Large businesses: Large organizations often have numerous departments, hundreds or thousands of employees, and complex spend processes. Enterprises benefit from systems that can handle multiple types of expenses, revenue, and currencies. Look for features such as approval workflows, spend control, and procurement management to effectively manage all supplier relationships and company purchasing.
Benefits and potential issues
Spend management solutions provide real-time visibility into company spending. Here are some of the key benefits that managing spend can bring to an organization.
Increase spend transparency and control: Track and report spend data across the company, eliminating departmental spending silos. A single, centralized spend management platform increases spend visibility and accountability.
Automate time-consuming and repetitive tasks: Better workflows and automation make it easier to manage the entire procure-to-pay cycle and they minimize the need for data entry with automated purchase order creation, invoice processing, and approval workflows. Workflows limit cycle times, eliminate duplicate payments and purchase requests, and reduce the risk of missed payments and other human errors.
Improve risk management and avoid needless expense: Expense tracking and spend analysis tools eliminate unnecessary purchases and simplify financial forecasting and reporting. These data insights help benchmark internal performance, discover cost-saving opportunities, and leverage trends in spend data.
Enhance supplier relationships; Understanding and improving supplier relationships can lead to lower prices, discounts, and additional savings opportunities. Supplier management also helps companies identify underperforming and non-compliant vendors, which protects the company against unwanted expenses.
Market trends to understand
Cloud-based spend management software enables remote and flexible work practices. The recent pandemic has increased the number of distributed teams and remote workers. Cloud solutions for spend management allow employees and stakeholders to access the system remotely, no matter the location.
Machine learning improves spend management processes. Machine learning algorithms automate data categorization, which eliminates the need for manual data input and increases visibility into spend. Machine learning can also find patterns in data, reduce forecast errors, and decrease financial risk. Budgeting and forecasting with machine learning helps companies identify profitable opportunities and avoid hidden risks.