PEX Reviews & Pricing
What is PEX?
Industry Specialties: Serves all industries.
PEX Pricing
Based on our most recent analysis, PEX pricing starts at $75 (Monthly, Freemium).
- Price
- $$$$$
- Starting From
- $75
- Pricing Model
- Monthly, Freemium
- Free Trial
- Yes, Request for Free
Training Resources
PEX is supported with the following types of training:
- Documentation
- In Person
- Live Online
- Videos
- Webinars
Support
The following support services are available for PEX:
- Phone
- Chat
- FAQ
- Forum
- Help Desk
- Knowledge Base
- Tickets
- Training
- 24/7 Live Support
PEX Benefits and Insights
Key differentiators & advantages of PEX
- Enhanced Financial Control: PEX allows businesses to set spending limits and track expenses in real-time, ensuring that budgets are adhered to without manual oversight.
- Streamlined Expense Reporting: Automated expense reports reduce the time and effort required for manual data entry, allowing employees to focus on more strategic tasks.
- Improved Cash Flow Management: By providing insights into spending patterns, PEX helps businesses optimize cash flow and make informed financial decisions.
- Increased Operational Efficiency: The software automates routine financial tasks, freeing up resources and reducing the likelihood of human error.
- Customizable Spending Controls: Businesses can tailor spending rules to fit specific needs, such as restricting purchases to certain vendors or categories.
- Real-Time Transaction Monitoring: Immediate visibility into transactions helps prevent unauthorized spending and ensures compliance with company policies.
- Enhanced Security Features: PEX offers robust security measures, such as virtual cards and transaction alerts, to protect against fraud and unauthorized access.
- Seamless Integration with Accounting Systems: The software easily integrates with existing accounting platforms, ensuring a smooth flow of financial data and reducing reconciliation time.
- Scalability for Growing Businesses: As a business expands, PEX can scale to accommodate increased transaction volumes and more complex financial operations.
- Improved Vendor Relationships: By ensuring timely and accurate payments, PEX helps maintain positive relationships with suppliers and vendors.
- Data-Driven Decision Making: Access to detailed spending analytics empowers businesses to make strategic decisions based on accurate financial data.
- Reduced Administrative Burden: By automating spend management processes, PEX minimizes the administrative workload on finance teams.
- Enhanced Employee Accountability: With clear spending guidelines and real-time tracking, employees are more accountable for their financial decisions.
- Cost Savings through Efficiency: By reducing wasteful spending and optimizing resource allocation, PEX contributes to overall cost savings for the organization.
- Improved Compliance and Audit Readiness: Comprehensive records and audit trails ensure that businesses are always prepared for financial audits and compliance checks.
Industry Expertise
PEX Reviews
Based on our most recent analysis, PEX reviews indicate a 'excellent' User Satisfaction Rating of 100% based on 42 user reviews from 2 recognized software review sites.
42 reviews
Synopsis of User Ratings and Reviews
Based on an aggregate of PEX reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.
Pros
Cons
Researcher's Summary:
Is PEX the "apex" of spend management solutions, or does it leave users feeling perplexed? PEX is a spend management software known for its accessibility, particularly for small businesses and startups who may find its flexible eligibility requirements refreshing. Users praise its robust spend management features, such as real-time expense tracking and seamless integrations with popular accounting software like QuickBooks and Zapier. The platform's full API access for customization further sweetens the deal, allowing businesses to tailor the software to their specific needs. However, PEX's 1% cashback rate on its primary corporate card program might leave users feeling shortchanged compared to competitors. Additionally, the monthly fees for prepaid card programs, ranging from $75 to $200, coupled with foreign transaction fees of up to 1.5%, could be a sticking point for some. The absence of traditional credit card perks and limited employee prepaid cards in free plans further add to the drawbacks. Overall, PEX is best suited for businesses prioritizing cost-effective spend management solutions and ease of use over flashy rewards programs and a plethora of features. Its flexible eligibility requirements make it a godsend for startups and small businesses often overlooked by traditional financial institutions.
Key Features
- Customizable Spending Controls: Set specific spending limits and restrictions for each cardholder, ensuring precise budget management.
- Real-Time Transaction Monitoring: Access up-to-the-minute transaction data, allowing for immediate oversight and adjustments.
- Virtual and Physical Cards: Issue both virtual and physical cards to employees, providing flexibility in how expenses are managed and tracked.
- Automated Expense Reporting: Streamline the expense reporting process with automatic categorization and integration with accounting software.
- Receipt Capture and Management: Employees can easily upload and manage receipts through the mobile app, reducing paperwork and simplifying audits.
- Integration with Accounting Systems: Seamlessly connect with popular accounting platforms like QuickBooks and Xero for efficient financial management.
- Customizable Approval Workflows: Design approval processes that fit your organization's structure, ensuring compliance and accountability.
- Detailed Analytics and Reporting: Generate comprehensive reports to analyze spending patterns and make informed financial decisions.
- Mobile App Accessibility: Manage expenses on-the-go with a user-friendly mobile app, providing convenience and flexibility for users.
- Fraud Prevention Features: Utilize advanced security measures to detect and prevent fraudulent activities, safeguarding company funds.
- Multi-Level Permissions: Assign different access levels to users based on their roles, ensuring secure and appropriate access to financial data.
- Custom Branding Options: Personalize cards and the platform with your company's branding, enhancing corporate identity.
- 24/7 Customer Support: Access round-the-clock support to resolve issues and ensure smooth operation of the platform.
- Automated Card Reconciliation: Simplify the reconciliation process with automated matching of transactions to statements.
- Geolocation-Based Controls: Set location-based restrictions to prevent unauthorized use of cards outside designated areas.
