FINSYNC vs TravelBank

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Our analysts compared FINSYNC vs TravelBank based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

FINSYNC Accounting and Cash Flow Management is a multipurpose payment application that aides users with supervising cash flows, automating bookkeeping tasks and broadening profits. In addition to cash flow management, it streamlines the following bookkeeping operations: payments, invoicing, bill payments, payroll, accounting and financing. It keeps everyone and everything within a user's enterprise in sync for sleek finance operations.

Advanced analytics and automation and professional financial services are some of FINSYNC's helpful modules.
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TravelBank is a cloud-based expense and travel solution that helps small and mid-sized businesses control spend, track expenses and book travel. It provides automated expense reports and direct deposit reimbursements while managing flight, accommodation and other travel expenses. It gives users the freedom to either upload expense receipts through a mobile phone camera or enter them manually. Users get multi-currency support and can sync credit cards and bank accounts to expedite reimbursements.

It enables users to book flights at corporate rates and prompts them to use less expensive services. It also calculates savings based on employee purchases. The mobile application is compatible with iOS and Android. It seamlessly integrates with third-party accounting applications like Quickbooks, Bill.com, Xero and NetSuite.
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$40 Monthly, Freemium
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$25/User, Monthly
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Windows
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Linux
Android
Chromebook
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Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

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Documentation
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24/7 Live Support
Email
Phone
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Knowledge Base
24/7 Live Support

Product Insights

  • Unified Platform: Instead of uploading data from several solutions, FINSYNC enables users to seamlessly store bank cards and charge accounts. Users can also verify and reconcile numerous accounts.  
  • Superintend Every Payment: FINSYNC administers every invoice, customer receipt and bill and vendor payment within one solution. 
  • Stay On Top of Payments: It's feasible for users to evaluate every incoming or outgoing payment with an intricate calendar view so they avoid missed payments or worrying about whether or not if or when they'll receive money in the bank.  
  • Various Cash Flow Merges: Add various FINSYNC cashflow integrations to this solution. For example, the Projects add-on allows users to track the profitability of every project including time tracking and expense reimbursement. The Payroll add-on enables intricate cash flow monitoring across an entire organization. 
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  • Quicker Employee Reimbursement: Pay for employees’ out-of-pocket expenditures quicker than manual processes. Give them the freedom to submit a report automatically to concerned persons for approval. Automatically reimburse correct amounts to the payroll. Eliminate the possibility of errors and delays while boosting employee satisfaction.  
  • Minimize Processing Cost And Time: Eliminate costs associated with employees and managers by manually matching amounts or searching for receipts. Save time by automating sending reports for approval, flagging potential out-of-policy expenses and submitting approved reports for payments. Consolidate expense management, corporate travel and card management into one solution. Run accounts payable reports on time instead of waiting for them to be routed and approved.  
  • Boost Operational Efficiency: Bill expenses directly to clients to ensure accuracy to maximize cash flows. Integrate with time tracking, ERP, accounting and project management tools to simplify approvals and reporting. Give employees the time to focus on value-added tasks instead of mundane, error-prone and time-consuming reports. 
  • Ensure Expense Policy Enforcement: Enforce custom rules tailored to the business and ensure that employees are up to date with new expense policies and tax changes. Flag out-of-policy travel expenses and eliminate the possibility of expense fraud like split claims, deviations from the norm or altered receipts. 
  • Increase Compliance: Stay compliant with local, state and federal tax agencies. Categorize and tag expenses automatically based on past entries and credit card statements. Get easily accessible electronic copies of reports and receipts, which can be helpful during audits.  
  • Improve Visibility: Get compiled employee expense data on the dashboard and deliver it in a digestible visual format using charts and graphics. Check metrics to understand spend per employee or the average time it takes to approve expense reports. 
  • Manage Digital Receipts: Automatically capture receipts digitally and parse them to create expense report entries. Digitally manage receipts by dragging and dropping from the desktop or using mobile phones. 
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  • Thorough Accounting: The accounting module contains multiple functions and extensions to simplify bookkeeping responsibilities. It is equipped with a customizable chart of accounts and cash and accrual reports. It tracks income and expenses by department, location and associate. It also instantly reconciles bank and credit union accounts with accurate bills and invoices. 
  • Initiate Invoices and Billing: Users can establish one-time or repeating invoices, work with built-in workflow and user permissions and set alerts and automated reminders with the invoicing and bill pay apparatus. It permits customers and vendors to safely store payment information and has adjustable payment schedules. Users can also initiate automated ACH & card payments for recurring invoices and bills. 
  • Trace and Manage Cash: The advanced automation and analytics accessory aids users in knowing every dollar that enters or exits your organization. Collecting, posting and updating accounts occurs in real-time. 
  • Financial Resources: This solution can match users with a FINSYNC Certified Professional Accountant or Bookkeeper and receive the ideal financing options that align with their enterprise.  
  • Find An Insurance Broker: FINSYNC aids users in finding a suitable insurance broker for their needs.  
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  • Quick Scan: Autocomplete receipts in a matter of seconds. Allow employees to sync credit cards for instant scanning and quicker approvals and reimbursements. 
  • Currency Conversion: Convert 150 currencies to USD automatically for international traveling. Avoid being charged extra fees for currency conversion on credit card statements. Reduce refunds and chargebacks and ensure consistency in pricing displays.  
  • Expense Report: Automate expense reports and boost visibility into business spend with one-click approval. Take a photo of the receipt and let the scanning technology pick up the details and auto import expenses. Sync cards to pull transactions directly into expense reports. Automatically import transactions from over 48000 personal, corporate cards and banks. Edit expense details with a single click. Submit expense reports and automatically generate a PDF copy. Forecast future trends and enhance employee behavior by using historical data. Get real-time insights and improve visibility. Ensure seamless integration with leading third-party applications like QuickBooks and Bill.com to map categories and synchronize expense reports, reimbursements and corporate card data. 
  • Card Management: Automatically sync transaction and card information. Check which transactions have or haven’t been submitted by reconciling credit card information. Gain visibility into every transaction and monitor expense compliance by syncing corporate cards. Manage spend from a single platform by integrating with the bank of preference. Automatically sync transactions and purchasing information into expense management. Eliminate end-of-month headaches by staying on budget with the reconciliation process. Track transactions and compliance in real time within the management dashboard. Get support for and import transactions from over 48,000 personal and corporate cards and banks. 
  • Corporate Travel Management: Empower employees to make better decisions by rewarding them for smart spending. Save on inventory rates by gaining access to negotiated rates otherwise reserved for large corporations. Get 24/7 support from a dedicated team of travel agents via chat, phone, email or Slack. Gain access to over 500,000 hotel properties and home-sharing options. Get alternative lodging options to boost flexibility and savings for travel programs. Get access to a list of curated flight bookings with a special corporate rate for business travel flight bookings. Search and reserve pick ups at the airport from desktop or mobile apps.  
  • Premium Insights: Monitor trends, spend and leakage on a user-friendly, fully customizable dashboard that boosts visibility. Customize and export data to track and report on every metric. Monitor real-time spend and compliance with employee spending against the company policy. Automate alerts and set up trigger reports that send reports to the inbox anytime there is an exception or a threshold is met. Keep a tab on how often employees are booking over or under budget and monitor total savings against the company policy. Improve employee behavior and forecast future trends using historical data. Check top vendors from the company according to the categories. Keep track of the highest spenders and see how employee adoption and compliance with the booking platform changes over time. 
  • Integration: Get support for thousands of corporate and personal cards and boost visibility into every card transaction. Ensure smooth business operation with an app that seamlessly integrates with ERPs, single sign-on, identity management tools, human resource information systems and more.  
  • End-to-End Travel and Expense Management: Improve visibility, expedite tracking, enable budget management, ensure error-proof data entry and clear travel policies. Automate expense management and save time spent on capturing expenses. Gain input from one source of truth and one point of contact. Get easy access to travel and expense tools with single sign-in benefits.  
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Product Ranking

#152

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Accounting Software

#159

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Accounting Software

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User Sentiment Summary

Excellent User Sentiment 7 reviews
Excellent User Sentiment 125 reviews
91%
of users recommend this product

FINSYNC has a 'excellent' User Satisfaction Rating of 91% when considering 7 user reviews from 1 recognized software review sites.

93%
of users recommend this product

TravelBank has a 'excellent' User Satisfaction Rating of 93% when considering 125 user reviews from 1 recognized software review sites.

4.57 (7)
4.65 (125)

Awards

FINSYNC stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

TravelBank stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Centralized Platform: Many users appreciate FINSYNC's ability to manage various financial tasks, such as invoicing, payments, and bank reconciliation, all within a single platform.
User-Friendly Interface: FINSYNC is often praised for its intuitive design and ease of use, making it accessible even for individuals without extensive accounting experience.
Time-Saving Automation: Features like automated recurring invoices and payment reminders are popular for streamlining financial processes and reducing manual effort.
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Easy Receipt Capture: Users praise TravelBank's ability to effortlessly capture receipts using their phone's camera, eliminating the need for manual entry and saving valuable time.
Automated Expense Reports: The platform's automated expense reporting feature streamlines the process by automatically generating reports based on captured receipts and travel data, reducing manual effort and minimizing errors.
Real-Time Spending Insights: TravelBank provides real-time visibility into spending patterns, allowing users to track expenses as they occur and make informed decisions to stay within budget.
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Steep Learning Curve: The platform's interface can be overwhelming for new users due to its extensive features and functionalities. This complexity may require additional time and effort to learn and navigate effectively.
Customer Support Challenges: Some users have reported difficulties in reaching customer support promptly, leading to potential delays in resolving issues or obtaining necessary assistance. Efficient and responsive customer support is crucial for a smooth user experience, especially when dealing with complex financial software.
Mobile App Limitations: The mobile app's functionality is currently limited compared to the web-based platform. Users seeking comprehensive mobile access to their financial data and tasks may find the app's capabilities insufficient for their needs.
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Limited integrations: TravelBank doesn't seamlessly integrate with all accounting systems, which can make reconciling expenses more manual and time-consuming.
Reporting limitations: Some users have expressed frustration with the platform's reporting capabilities, finding them to be somewhat inflexible for their specific accounting needs.
Occasional glitches: Like any software, TravelBank has been known to have occasional glitches or technical issues, which can be disruptive to accounting workflows.
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Is FINSYNC truly in sync with the needs of small businesses? Recent user reviews suggest a mixed bag. While many appreciate its user-friendly interface and integrated features like invoicing, payments, and expense tracking, some find its accounting capabilities lacking compared to dedicated accounting software like QuickBooks Online or Xero. For example, users praise FINSYNC's intuitive dashboard for monitoring cash flow, but some find its reporting features limited for more complex accounting needs. FINSYNC's strength lies in its unified approach to financial management, making it ideal for small businesses seeking an all-in-one solution. Its automated workflows, like connecting bank accounts for seamless transaction imports, save time and reduce manual errors. However, businesses with more complex accounting requirements or those needing robust reporting functionalities might find FINSYNC limiting. Ultimately, FINSYNC is best suited for small businesses or startups prioritizing ease of use and a centralized platform for managing their finances, rather than those requiring advanced accounting features.

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Is TravelBank the "bank" where savvy businesses "deposit" their travel management needs? Users praise TravelBank's user-friendly design and efficient expense reimbursement process, highlighting its intuitive interface and quick turnaround times for reimbursements. The platform's ability to create and enforce custom travel policies and expense allowances is another major plus, allowing businesses to maintain control over spending while empowering employees to book travel within set parameters. Users also appreciate the 24/7 customer support, which provides peace of mind for traveling employees. However, some users have expressed concerns about the software's pricing and its limited integration with other systems, which can be a drawback for businesses relying on a suite of interconnected tools. TravelBank's focus on streamlined travel management and expense reporting makes it a strong contender in the market. Its differentiating factor lies in its comprehensive approach, combining travel booking, expense tracking, and policy enforcement in a single platform. This integrated approach simplifies travel management for both employees and administrators. While the lack of extensive third-party integrations might be a limitation for some, TravelBank's core strengths make it an ideal choice for businesses seeking a user-friendly and efficient solution for managing travel and expenses, particularly those with frequent business travelers who value a seamless and well-supported experience.

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