Do you look at your company’s finances and wonder where the money went?

This is the situation for so many small businesses and what prevents them from scaling. So what’s the solution? How do you ensure that you handle your spending management and reduce your business expenses?

One of the best routes is to use spend management software. This is a type of software that tracks your business finances and assists with improving your spending management.

Here’s what you need to know about this crucial business software.

Bento for Business

Without a doubt, if you want to use spend management software then you want to use Bento For Business.

This spend management software keeps track of your company’s finances in real-time. You’ll see the average rate of your business expenses via the software’s dashboard.

This gives you an idea of whether you’re staying on budget or going overboard. You won’t have to wait until the end of the month to calculate your expenses. This is the easiest spend management software to use and doesn’t require much technical expertise.

This software works for a range of businesses. Whether you’re running a large enterprise or are a freelancer this is a great option.

You can choose a plan to determine which is the ideal option for your business. Bento For Business also offers free trials and excellent customer service to help you with using the software.

Spendesk

This is a great spend management software that works if you’ve got a bit more technical expertise. It’s ideal for businesses that receive lots of invoices.

You can scan an invoice and the price automatically gets added to your dashboard. This makes it easy to keep track of your spending as well as your earnings.

You can also use Spendesk to assign credit cards to your employees. As expected, you can keep track of their purchases through the dashboard. This software is ideal for businesses that are scaling and isn’t suitable for sole proprietors.

FreshBooks

This is one of the best spend management software that works well for keeping track of your accounts.

It works as accounting software that can keep track of the monies your company makes and spends. You can also create reports to share with your company’s accounts department.

It’s one of the most basic business software options on this list but one that works if you don’t have too much time to handle your financial obligations. This is also one of the easiest types of spend management software to consider.

Find Your Spend Management Software

Now you can find your spend management software and keep track of your company’s finances.

Bento for Business is arguably the best spend management software available for any type of business. You can keep track of your company’s finances in real-time with stellar customer service by your side.

Spendesk is great for growing businesses and also helps you track your employee’s expenses. FreshBooks works mostly as an accounting software but also has great spend management features.

You can find more software options and recommendations on our blog.