Running a business successfully and efficiently is not a piece of cake. You will have to tackle several challenges. However, one of the major challenges an organization can face is the expense management of the business.
This is where Rydoo can help you. Rydoo is an expense management software that can assist you to make your T&E process easier.
What is Rydoo?
Rydoo is an expense management software that provides you several features to make your expensing process easy and help your finance team.
With the help of Rydoo, you can snap and manage expenses from anywhere, get real-time approval flows, smart reports, and many more.
Rydoo is used by more than 8K customers including Deloitte, Burger King, Renault, Jaguar, and many others.
Rydoo headquarters are based in Belgium, and it has more than 10 offices across various countries. It supports around 10 languages.
Rydoo Quality Score
Features of Rydoo
Rydoo allows you to create your own workflows. It enables you to create your own approval workflows based on your norms and decide which expenses are more important.
You can even avoid out-of-policy expenses, receive automatic warnings in case of non – compliance, and manage and customize your reject reasons.
It provides pre-set dashboards per project, per branch, or per employee with the help of which you can make smarter decisions and facilitate efficient spending.
With the help of Rydoo insights, you can easily spot anomalies, uncover and analyze new cost-saving opportunities and predict your upcoming expense claims based on past experiences.
Per Diem Management
Per Diem module of Rydoo allows you to easily manage your company’s per diems or scale rates, impose your own per diem rates, and keep a check on your employee’s per diem management.
It also authorizes you to import a predefined list of per diems for the country of your choice, automatic calculation of your travelers’ per diem allowance, and add per diem lists to your account to stay compliant with your local tax regulations.
Promotes easy scan
Rydoo provides you the facility of the easy scan. Your employees simply scan their receipts as they incur them with the help of easy to use mobile app.
This app can extract all key data, such as the date, merchant, amount, and currency, and modify it into searchable and useable data.
Rydoo allows you to upload your company mileage rates that can be seen by travelers as they drive.
They also assist your employees to organize their trip by making use of the integrated map service, calculate the total driving distance and expense amount immediately.
It provides you the facility of real-time expensing as you can decide when and where to check incoming expenses, no end-of-the-month peaks, and line-by-line expensing.
This will help to provide you complete control over the expenses, keep a check on the trends and thus, take instant actions if costs get out of line.
Eliminate paperwork from your office
It allows you to store receipts in the cloud which will, in turn, help you to reduce paperwork and save space in your office.
This will also help to make your work more efficient as you do not have to drudge into archives full of paper and you can simply search the information from your laptop.
Benefits of Rydoo
- It uses advanced scanning technology with the help of which you can easily take pictures of receipts and store them for years.
- It provides integrations with various platforms and allows you to store receipts in one place.
- You can approve or reject expenses from anywhere and any time.
- You can easily calculate the driving distance and mileage expenses with your phone.
- Easily customize your per diems using the app.
- You can get cost insights in real-time and keep an eye on the trends, how much is spent, and by whom. This will help you take action instantly if costs get out of line.
- With the help of real-time expensing, you can stay in balance with your planning as you can decide when and where to check incoming expenses. And thus, avoid end-of-the-month peaks.
- The auditors will double-check all submitted expenses on completeness, readability, and compliance with your company expense policy and local regulations and you can also get suggestions on how to improve your company’s policy and regulations.
- Convert to paperless offices by increasing the use of electronic receipts.
- A paperless office will also help you to free up space and make room for other important things.
- Avoid drudging in archives full of paper and search information more easily, efficiently, and securely.
- Receipts can be stored in the cloud and can be accessed from anywhere and anytime.
- It is multinational by design and supports various currencies and languages.
- This software is used by more than 1 million professionals worldwide.
- It offers a free trial.
Why do you need Rydoo?
Rydoo allows you to save your time as you can handle expenses from anywhere and anytime.
You can take pictures of your receipts, store all your receipts in one app for years, and retrieve them easily whenever you want.
You can even add mileage expenses and submit your per diems from anywhere with the app.
With the help of Rydoo, you can indulge in real-time expensing that provides you complete control over work planning, keep a track of incoming expenses and trends, and thus, take an instant action in case the cost goes out of line.
It also provides cloud storage for receipts and therefore, helps you to convert to a paperless office.
|Dropbox Business||Quickbooks Online Advanced|
|Freshbooks||SAP Business One|
Rydoo Pricing Plans
There are 3 pricing plans available.
This is recommended for up to 50 active users. It is available for $7 per active user per month billed annually. It includes:
- Easy Scan – Scan your receipts with your phone.
- Mileage Submit and manage mileage expenses.
- Approval Flow – Manage expense approvals.
This is recommended for 50+ active users. It is available for $9 per active user per month billed annually. It includes everything in starter along with:
- Policies – Set the spending rules
- Per Diems – Manage daily allowances
- Unlimited Branches – Create as many branches as needed
This is recommended for 500+ active users. It includes everything in the Growth plan along with:
- ERP Integrations – Make Rydoo talk to your ERP
- API Access – Get access to our API
- Single Sign-On – Secure and easy authentication.
For the pricing of this plan, you need to contact the Rydoo team.
There is a free trial available that you can choose before buying any plan.
TravelPerk allows you to combine all elements related to business travel into one simple to use platform. You can quickly set up this software and add your company policies.
With the help of this software, you can easily book and change travel plans, create high-level reports, single invoices for all business travel, and many more.
Routespring is a travel management software with the help of which you can effortlessly organize your business travel.
It provides you various facilities such as booking management, dashboards, expense tracking, mobile access, policy management, real-time alerts and reminders, impactful reports, and many more.
Frequently Asked Questions (FAQ) On Rydoo
What is Rydoo used for?
Rydoo helps you to make your expense procedure simpler. With the help of Rydoo, you can create your workflows, avoid out of policy expenses with the help of warnings, impactful insights, per diem models and many more.
What are Rydoo’s top competitors?
RouteSpring, Shoeboxed, TravelPerk, and Expensify are some of the best alternatives of Rydoo.
How much will Rydoo cost?
Rydoo offers 3 plans known as Starter (for small organizations), Growth (for companies), and Enterprise (for big enterprises). Each plan has its own features. Also, there is a free trial available that you can choose to get an idea of the software.
Does Rydoo has a mobile app?
Rydoo provides a mobile app for both iOS and Android devices and can be easily downloaded from each device’s respective app store without any cost. With the help of Rydoo’s mobile app, you can take a picture of your receipts, submit expenses for permission, and many more. However, it does not delivers all the features that are available on the web version of the application.
Rydoo is an amazing expense management platform that provides you with various features to make your business travel easy and efficient.
It allows you to access and organize your expenses from anywhere and at any time. You can start by choosing the free trial offered by Rydoo to check your business compatibility with the software.
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Hi, I’m Chandan Negi, Founder of SoftwareTools – a Software Review Blog that provides Software Reviews, SaaS Software, Software Tutorials, and Software Products.