TravelBank vs Accountmate

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

Accountmate Software Tool

Product Basics

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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AccountMate, owned by the AccountMate Software Corporation, helps medium and small-scale businesses by providing them with flexible and robust business accounting management. It can be locally installed or used as a SaaS.

It handles modular, financial, ERP and business management functions to help SMEs grow their traditional accounting methods.
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$25/User, Monthly
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Tailored to your specific needs
$100/User, Monthly
Get a free price quote
Tailored to your specific needs
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Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • 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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  • Save Time: It helps confirm or eliminate software frontrunners to save time and energy, which can be invested in the business’s core objectives.  
  • Quick Research: Reduce research turnaround. Ensures no time is wasted researching modules’ features 
  • Supports New Features: Leverage support for new software features, functions and capabilities that you might not have known before.  
  • Flexible: Its flexible and scalable accounting and business management software evolves as the business expands to fit growing needs.  
  • Adaptable: Customizable source code lets it adapt to changing requirements and evolve as the business moves forward.  
  • Multi-Currency Capability: A built-in translation engine for multilingual businesses lets them conduct business on a global scale and handle numerous foreign currencies.  
  • Simplifies Payment Processing: Businesses can issue checks and post-credit card statements immediately after the invoice is generated to save time. Authorize pre-payments and payments for multiple vendors simultaneously. 
  • Free Trial: A free trial is provided for users to test before purchasing the system in full. Users can fill out a form on their website to access their complete demo 
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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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  • Modifiable Source Code: Unlike other accounting solutions that require you to change the core business processes in order to use the software, the system offers customizable mechanics with modifiable source code. It can conform to unique business process requirements as and when needed. 
  • Real-Time Information: Provides real-time business information solutions to help users understand the competition and make well-informed decisions to boost the bottom line. Its bank reconciliation module gives detailed information about the real-time cash position of the business.  
  • Data Integrity: Built-in safeguards ensure data protection using encryption technology. 
  • On-Premise or Cloud-Based: Accessible via the cloud or on remote servers. Choose between on-premise or cloud-based deployment strategies with secure data practices to fit the needs of the business. 
  • Multiple Versions: Optimized for medium and small-scale businesses and available with enterprise, express, cloud, LAN and SQL versions.  
  • AccountMate Enterprise: It provides real-time, customizable financial and business management solutions to ensure the accommodation of multiple concurrent users.  
  • AccountMate SQL: Designed for businesses that want the stability of SQL but do not have the expenditure bandwidth to afford it. It comes with modifiable source code and can be customized to fit different business processes and needs. 
  • AccountMate LAN: This fully customizable module provides businesses with data management and administrative features that evolve as the business grows.  
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Product Ranking

#159

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Accounting Software

#26

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Accounting Software

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User Sentiment Summary

Excellent User Sentiment 125 reviews
Great User Sentiment 27 reviews
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.

89%
of users recommend this product

Accountmate has a 'great' User Satisfaction Rating of 89% when considering 27 user reviews from 3 recognized software review sites.

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5.0 (2)
4.65 (125)
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4.3 (22)
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5.0 (3)

Awards

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

User Favorite Award

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Synopsis of User Ratings and Reviews

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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User-friendly interface: Accountmate's intuitive design and customizable dashboards make it easy for users of all levels to navigate and manage their accounting tasks efficiently.
Robust reporting capabilities: The software offers a wide range of customizable reports, including financial statements, cash flow statements, and balance sheets, providing users with deep insights into their financial performance.
Integration with third-party applications: Accountmate seamlessly integrates with popular business applications such as Microsoft Office, QuickBooks, and Salesforce, streamlining workflows and eliminating data entry redundancies.
Excellent customer support: Accountmate provides comprehensive technical support through phone, email, and online resources, ensuring users have prompt assistance when needed.
Scalability and flexibility: Accountmate can be tailored to meet the specific needs of businesses of all sizes, from small startups to large enterprises, offering customizable modules and features.
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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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Outdated Interface: Users complain about the outdated and cluttered user interface that makes navigation and data entry cumbersome.
Limited Customization: Accountmate offers limited customization options, making it difficult for users to tailor the software to their specific business needs.
Integration Issues: Users report frequent integration issues with other software, leading to data loss and workflow disruptions.
Lack of Mobile Support: Accountmate's lack of a mobile app or responsive web interface limits accessibility and convenience for users who need to access data on the go.
Poor Customer Support: Users express dissatisfaction with the quality and responsiveness of Accountmate's customer support, leading to unresolved issues and delays.
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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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Accountmate's customizable dashboards, user-friendly interface, and extensive reporting capabilities have earned praise from users. Its inventory management features, such as real-time stock tracking and multi-location support, are particularly well-regarded. However, some users have reported occasional performance issues and a lack of certain advanced features found in competing products. Compared to QuickBooks, Accountmate offers a more robust feature set and greater flexibility, making it better suited for larger businesses with complex accounting needs. Its multi-company and multi-currency capabilities give it an edge over Sage 50cloud, which is more suitable for small businesses. Accountmate's strong reporting and customization options set it apart from NetSuite, which excels in cloud-based scalability and integration. Accountmate is an ideal choice for businesses seeking a comprehensive accounting solution with customizable dashboards, advanced inventory management, and extensive reporting capabilities. Its user-friendly interface and flexible configuration options make it accessible to both small and large businesses.

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