Paychex, Inc.

Paychex Expense Management

6.1 /10

What is Paychex Expense Management?

Paychex expense management software can help you control and reduce discretionary employee spending, while giving you the visibility and communication tools necessary to understand and manage company policies and spending behavior.

Company Details

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Awards & Recognition

Paychex Expense Management won the following awards in the Expense Management category

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1 Top Rated Capabilities

5 Top Rated Features

2022

2 Top Rated Capabilities

4 Top Rated Features

2021

2019 Data Quadrant Gold Medalist

2019

Paychex Expense Management Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Paychex Expense Management.

75 Likeliness to Recommend

11
Since last award

74 Plan to Renew

16
Since last award

68 Satisfaction of Cost Relative to Value

6
Since last award

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Emotional Footprint Overview

+46 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Paychex Expense Management?

17% Negative

26% Neutral

57% Positive

Pros

Respectful
Enables Productivity
Saves Time
Security Protects

Cons

Under Delivered
Less Friendly Negotiation
Leverages Incumbent Status

Feature Ratings

Average 73

Receipt Image Submission

Expense Detail Tracking

Desktop Browser Support

Mobile App or Mobile Browser Support

Single Sign-On (SSO)

Expense Itemization

Approval Workflow

Travel and Accommodation Booking

Travel Profile

Optical Character Recognition

Expense Policy Aware

Vendor Capability Ratings

Average 71

Ease of IT Administration

Quality of Features

Ease of Customization

Availability and Quality of Training

Business Value Created

Ease of Implementation

Usability and Intuitiveness

Breadth of Features

Ease of Data Integration

Product Strategy and Rate of Improvement

Vendor Support

Paychex Expense Management Reviews

Binoj R.

Role: Finance
Industry: Retail
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Sep 2023

Great new Expense management system.

Likeliness to Recommend

8 /10

What differentiates Paychex Expense Management from other similar products?

Paychex's expense management services can often be tailored to the specific needs of a business, accommodating various expense types and approval workflows.

What is your favorite aspect of this product?

Reporting and Analytics

What do you dislike most about this product?

pricing of Paychex's expense management services

What recommendations would you give to someone considering this product?

Understand Paychex's pricing structure for expense management services. Ask for a detailed breakdown of costs and consider how they fit within your budget. Compare pricing with other expense management providers to ensure competitiveness.

Pros

Saves Time
Helps Innovate
Efficient Service
Caring

Cons

Under Delivered

Bhasker P.

Role: Consultant
Industry: Technology
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Sep 2023

Paychex has worked well

Likeliness to Recommend

9 /10

What differentiates Paychex Expense Management from other similar products?

Harder to use

What is your favorite aspect of this product?

Ease of use

What do you dislike most about this product?

Not easy to navigate

What recommendations would you give to someone considering this product?

Look around before choosing

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Gaurav K.

Role: C-Level
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Sep 2023

Easy to use and efficient

Likeliness to Recommend

10 /10

What differentiates Paychex Expense Management from other similar products?

Easy to use and manage

What is your favorite aspect of this product?

Ease of use and integration with payroll

What do you dislike most about this product?

I am very happy with the product.

What recommendations would you give to someone considering this product?

Discuss your needs with customer care and they are very responsive

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Paychex Expense Management

What is Paychex Expense Management?

Company Details

Need Assistance?

Awards & Recognition

2019 Data Quadrant Gold Medalist

Paychex Expense Management Ratings

75 Likeliness to Recommend

11 Since last award

74 Plan to Renew

16 Since last award

68 Satisfaction of Cost Relative to Value

6 Since last award

Emotional Footprint Overview

+46 Net Emotional Footprint

How much do users love Paychex Expense Management?

Pros

Cons

Feature Ratings Average rating of all product features, some of which may not be shown below

Receipt Image Submission The ability to take or import photos of the receipts supporting the expense.

Expense Detail Tracking Expense information related to the expense, including reason, attendees, project and/or client information, and whether an expense is re-billable to a client.

Desktop Browser Support Accessible from a web browser, anywhere and anytime, with the appropriate security measures.

Mobile App or Mobile Browser Support Facilitates the use of the mobile device to capture receipt images, allowing feature expense tracking and submission, with the convenience of mobility.

Single Sign-On (SSO) Login authentication linked to corporate login credentials, and user account information auto-populated to the expense profile.

Expense Itemization Itemize expenses off a single receipt, identifying specific line items to a person or activity, taxes, tips, and/or rebillable/non-rebillable items.

Approval Workflow Approval or non-approval of submitted expenses, as well as pre-approval of travel and accommodations reservations before bookings are allowed to be finalized.

Travel and Accommodation Booking Booking with direct links to airline and hotel information, availability, upgrade options (subject to corporate policy and exception approval), and pricing.

Travel Profile The ability to save and apply traveler preferences, such as seat preferences, frequent traveler loyalty card information, upgrade options, etc.

Optical Character Recognition Extraction of relevant information off a receipt image, and auto-import into the expense record. This includes itemization, taxes, and gratuities.

Expense Policy Aware Configurable with the organization’s expense policy by blocking an expense or travel booking, or raising an alert that prompts for a rationale for exceptions.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Paychex Expense Management Reviews

Binoj R.

Great new Expense management system.

Likeliness to Recommend

Pros

Cons

Bhasker P.

Paychex has worked well

Likeliness to Recommend

Pros

Gaurav K.

Easy to use and efficient

Likeliness to Recommend

Pros

11
Since last award

16
Since last award

6
Since last award

Feature Ratings

Receipt Image Submission

Expense Detail Tracking

Desktop Browser Support

Mobile App or Mobile Browser Support

Single Sign-On (SSO)

Expense Itemization

Approval Workflow

Travel and Accommodation Booking

Travel Profile

Optical Character Recognition

Expense Policy Aware

Vendor Capability Ratings

Ease of IT Administration

Quality of Features

Ease of Customization

Availability and Quality of Training

Business Value Created

Ease of Implementation

Usability and Intuitiveness

Breadth of Features

Ease of Data Integration

Product Strategy and Rate of Improvement

Vendor Support