Our detailed Divvy review will talk about its features and why it ranks among the best expense management tools today. Continue reading to know more about its specifications, pricing plans, and integrations.
What is Divvy?
Divvy is a powerful expense-management and budgeting tool that is used by companies of all sizes and types. The platform is used to monitor and segment expenses in real-time and cut down on wasteful spending.
You can set up the event, team, or project-based budgets with this tool and also automate expense reporting with a few clicks. The reporting and analytics tools provide a clear view of your company’s finances and help you identify areas with room for improvement.
The best part about Divvy is that it can be easily integrated with other third-party accounting software. This ensures your accounting and auditing is faster and more accurate than ever before.
- Company: Divvy
- Website: https://getdivvy.com/
- Founded in 2016
- Country of origin: United States of America
Divvy Important Features
With Divvy, you have complete control of your company’s budget and will never go over it. You can send funds within seconds and also monitor each transaction in real-time.
Divvy not only helps you in budget management but also ensures you do not spend cash unnecessarily. You can set spending limits in the tool that are directly synced with company cards.
The platform offers full visibility of all your spending in a single place. Gone are the days where you created a budgeting strategy using static spreadsheets.
Divvy’s budgeting solution syncs with all employee cards. This means that you can get real-time insights into how and where every employee and team is spending the company’s money.
The software generates reports that can be used to track spending by each team or an individual, cash required for a particular project, and so on. The reports are extremely easy to understand and save considerable time in understanding your company’s finances.
Send & request funds
The vendor claims that Divvy is like Venmo for their user’s business, and they make a valid point. With it, you can send and request money without any hassles.
Keeping track of recurring subscriptions is cumbersome and could also expose your company’s credit line to different vendors. Virtual cards create a separate card for every subscription and also sets a limit on each card.
Besides, these virtual cards can be blocked at any time if you see something unusual.
Live transaction board
The live transaction board provides a real-time view of all transactions. You do not have to wait until the month-end to see your card statement for visibility.
Divvy Key Features Overview
- Accounting integrations
- Travel rewards
- Instant data review
- Card management
- Spend notifications
- Dispute resolution
- Instant categorization
- Budget management
- Virtual cards
- Expense automation
- Invoice automation
- Budget visibility
Divvy is a free-to-use accounting platform. It does not have any hidden contracts or charges.
However, the premium add-ons are chargeable.
- Price: $5/user per month
- Price: Custom pricing
Divvy Pros and Cons
- Budgeting is extremely easy
- Customer support is responsive
- Virtual cards
- Very neat and tidy user interface
- Real-time expense capture
- Swift budget approval
- Travel deals
- Integration with QuickBooks requires WebConnect files
- Alert system requires some work
- The onboarding process has room for improvement
- Needs more user roles
- Web applications have a few bugs
- The add notes and saving a receipt features are not up to the mark
Free Trial – Yes
Free Version – Yes
- Live online
- Small businesses
- Medium businesses
- Large businesses
Divvy pricing plans
Divvy is a free-to-use tool.
- Knowledge base
- Phone support