9 Best Expense Management Software in India

Expense management might not always be in the spotlight, but it is a very important part of keeping any business running smoothly. Managing expenses manually with emails, spreadsheets, or paper is time-consuming. As this process is prone to errors, it can drain your valuable resources. That’s why many Indian companies are turning to the best expense management software in India to automate processes, reduce human errors, and ensure faster employee reimbursements.

In this blog, we look at the top 9 best expense management software in India that have become robust digital solutions to help businesses cut paperwork, track expenses in real time, and generate comprehensive reports.

What is an Expense Management Software?

Expense management software entirely changes the way businesses handle their spending by offering them a streamlined approach to manage their expenses. Instead of relying on manual methods such as spreadsheets or paper-based systems, the software enables companies to automate their entire expense process which saves time and reduces chances of errors.

With an expense management software in India, employees can quickly upload receipts, track expenditures and submit their expense reports in a matter of minutes. This eliminates the need for lengthy approval processes and paper trails by replacing by them with a smooth, digital workflow. The automation speeds up reimbursements while also minimizing the risk of mistakes and fraud.

Beyond its operational benefits, an expense management software in India enhances transparency and financial oversight empowering Indian organizations to manage expenses with greater accuracy and control. By simplifying the expense process, businesses can free up resources, improve compliance and focus on strategic initiatives like growth and innovation. In fact, an expense management software is now a vital tool for any business that wishes to stay efficient and competitive.

9 Best Expense Management Software in India

Let’s check out the top 9 options for expense management software in 2025, and what makes them the best in the present market.

1. Akrivia

Akrivia HCM is among the best Expense Management in India that streamlines the expense management process with a comprehensive Spend Management System tailored to organizational needs. It automates processes, reducing errors, saving time, and enhancing transparency. With key features such as configurable policies, fraud detection, and bulk expenditure uploads, Akrivia HCM empowers businesses of all sizes to efficiently handle their expenses while ensuring compliance with organizational policies.

Key Features

• Travel desk and advance requests for seamless planning
• Notifications and reminders for timely submissions
• Expense claims and reclaims, including bulk uploads
• Configurable location-based per diem and mileage tracking
• Customized approval workflows tailored to organizational needs
• Flexible report configuration

Pros

• Time-saving automation minimizes manual processes
• Enhanced transparency
• Fraud detection through flexible reporting

Cons

• Some users may find the number of modules cumbersome

2. Zoho Expense

Zoho Expense is a great choice for businesses looking for expense management software in India to automate and simplify their expense management. With a user-friendly interface and a suite of features, it enables efficient tracking, reporting, and analysis of expenses, making it ideal for companies with domestic or international operations.

Key Features

• Receipt scanning to automatically extract data from uploaded receipts
• Multi-currency support
• Customizable to streamline the approval process
• Strong reporting and analytics

Pros

• Easy-to-use interface
• Strong integration capabilities
• Integration with Zoho and third-party apps

Cons

• Expensive for larger teams
• Limited live support

3. SAP Concur

SAP Concur is a robust expense management software in India designed to help businesses streamline travel, expense, and invoice processes. Popular among large enterprises, it offers extensive features to automate expense reporting, enhance compliance, and provide deep insights into spending.

Key Features

• Automated expense reporting
• Ensure compliance by auditing trails with detailed records
• Spend analysis for insights into spending patterns
• Supports multiple languages and currencies

Pros

• Highly configurable for large enterprises
• Backed by the credibility of SAP
• Mobile capabilities to manage on the go

Cons

• Expensive for small to mid-sized businesses
• Complex initial setup

4. Darwinbox

Darwinbox offers a comprehensive and user-friendly expense management software in India. It simplifies the process of tracking, submitting, and approving expenses. With features like AI-based expense capture, automated workflows, and multi-currency support, it ensures a seamless experience for both employees and administrators while maintaining data security and compliance.

Key Features

• AI-enabled OCR for quick expense capturing
• Unified Platform to integrates travel, expenses & reimbursements
• Multi-currency support
• Real-time insights and actionable reports

Pros

• Seamless mobile-first experience
• Integrated expense sources for automation
• AI-based fraud prevention

Cons

• Complex implementation for inexperienced users
• Support team response could improve

5. Expensify

Expensify is a top expense management software in India that helps employees track personal and business expenses, manage receipts, and book travel with ease. It automates expense report creation and submission for approval and provides business credit cards for simplified expense tracking and reconciliation.

Key Features

• Easy receipt capture using OCR
• Expensify business cards for expense tracking
• Vendor bill tracking and payment approval
• Invoice creation and payment collection synced with accounting software

Pros

• Offers business cards for seamless expense management
• Affordable starting plans for self-employed individuals
• Travel booking directly from the app

Cons

• Expensify Card only available for US-based businesses
• No live support
• English-only platform

6. Workday

Workday is an intelligent and efficient travel and expense management software in India, designed to simplify the expense reporting process. Employees can easily submit and approve expenses, scan receipts in any currency, and benefit from AI-driven automation for accuracy. With Workday, businesses can ensure compliance and control while gaining valuable insights into spending through embedded analytics.

Key Features

• Mobile expense entry and approval
• AI-powered global receipt scanning
• Full audit and control features
• Embedded reporting and analytics

Pros

• Seamless global receipt scanning
• Integrated with Workday HCM and financial systems

Cons

• Steep learning curve and complex configuration
• Can feel overwhelming for new users

7. Happay

Happay is a comprehensive expense management software in India designed for large enterprises, offering complete visibility into travel, expense, and payment activities. With its unique T&E ecosystem, Happay aims to eliminate budget leakages and enhance savings through various specialized tools. The platform features modules for automated expense reimbursement, real-time tracking, and advanced analytics, ensuring businesses have full control over their expenses.

Key Features

• Auto-capture expenses with Xpendite
• Accelerated approvals with ApprovNow
• Smart Audit for fraud detection
• 360-degree visibility with DeepAnalyze
• Integration with corporate cards for tracking

Pros

• Comprehensive reporting and analytics tools
• Real-time expense monitoring for better control

Cons

• Limited language support, particularly for Asian languages
• Difficult navigation and user experience challenges

8. Rydoo

Rydoo is a robust expense management software in India designed to streamline the entire expense management process. It enables users to effortlessly capture receipts, categorize expenses, and submit reports while on the go. With smart scanning technology, Rydoo ensures accurate receipt processing without the need for manual data entry. Additionally, the app offers real-time expense tracking, allowing users to monitor their spending and adhere to budgets effectively.

Key Features

• Smart receipt scanning for accurate data capture
• Real-time expense tracking to manage budgets
• Easy categorization and submission of expense reports
• Integration with popular accounting software

Pros

• Excellent travel management capabilities integrated with expense reporting
• User-friendly interface for efficient expense handling

Cons

• Limited to expense and travel solutions
• Lack of full expenditure management features
• Higher pricing may be challenging for small and medium-sized businesses

9. Emburse

Emburse is the leading expense management software in India that simplifies expense management for both individuals and businesses, providing enhanced control and transparency. It functions as a reimbursement management system and credit card expense management tool, automating critical accounting tasks. With features such as easy receipt capture and customizable expense policies, Emburse aims to optimize financial processes while ensuring compliance and insightful analytics.

Key Features

• OCR matching for easy receipt capture
• Customizable expense policies tailored to business needs
• Real-time policy enforcement and automated audit trails

Pros

• Seamless integration with major accounting software and ERP systems
• Advanced analytics for informed decision-making
• Multi-level approval workflows for expense report verification

Cons

• Customer service and support can be unreliable and impersonal

Wrapping Up

With several comprehensive available in the list of expense management software in India, it’s crucial for companies to define their specific needs. Key factors such as budget, local support, complexity, and user interface significantly influence each organization’s choice.

Selecting the right expense management software can greatly reduce expense leakages, enhance employee satisfaction, and help in making informed budgeting decisions. What according to you should be the biggest deciding factor for choosing an expense management software? Let us know in the comment section!