Software Alternatives, Accelerators & Startups

Expensify VS Prosaic App

Compare Expensify VS Prosaic App and see what are their differences

Expensify logo Expensify

Import expenses directly from a credit card to create free expense reports quickly. Approve reports online and reimburse directly to a checking account with one click.

Prosaic App logo Prosaic App

Prosaic for sole traders and SMBs securely connects to personal bank, card & mortgage accounts, using OpenAI GPT to find GST and income tax deductions.
  • Expensify Landing page
    Landing page //
    2023-10-10
  • Prosaic App Landing page
    Landing page //
    2023-07-17

Prosaic is a revolutionary tool designed to streamline and optimize the accounting process for business owners. It addresses the problem of tracking and claiming tax deductions for transactions that are not typically captured in business accounts, such as home office expenses, travel costs, software purchases, and industry-specific expenses. These often overlooked transactions can add up to significant tax deductions. Prosaic automates the process of identifying, tracking, and claiming these expenses, by automatically finding them from their personal bank, credit card and mortgage accounts, then using GPT to identify and calculate comon deductions, reducing the burden on business owners and ensuring they take full advantage of potential tax savings. It integrates seamlessly with existing accounting software and uses artificial intelligence to navigate the complex world of tax deductions. Prosaic simplifies accounting, ensuring no deduction opportunity goes unnoticed.

Expensify videos

Expensify Review | Expense Management Software | Pearl Lemon Reviews

More videos:

  • Review - Expensify Review: Everything You Need to Know About This Bookkeeping App
  • Review - Let Expensify simplify your expense tracking - Review

Prosaic App videos

No Prosaic App videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to Expensify and Prosaic App)
Expense Tracking
99 99%
1% 1
Accounting & Finance
0 0%
100% 100
Expense Management And Reporting
Tax And Compliance Software

Questions and Answers

As answered by people managing Expensify and Prosaic App.

What makes your product unique?

Prosaic App's answer:

We leverage open banking technology and generative LLMs to help users discover and classify tax deductible expenses from personal banking data.

Why should a person choose your product over its competitors?

Prosaic App's answer:

because it is intuitive, user friendly, and solves a common problem in a novel way

How would you describe your primary audience?

Prosaic App's answer:

accountants and book keepers who work with large numbers of clients, and don't like to spend time chasing them for random tax deductions

What's the story behind your product?

Prosaic App's answer:

The founders were early employees at a successful startup Vend, and later worked at Xero and Vend. They have been using accounting software for over a decade but this was one of the last manual processes in an otherwise automated workflow. So they designed the product to solve their own needs, then recognised an opportunity to solve it for others too

Which are the primary technologies used for building your product?

Prosaic App's answer:

AWS, Open Banking, OpenAI

Who are some of the biggest customers of your product?

Prosaic App's answer:

We're early stage, but already winning some medium sized accounting firms in New Zealand

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Expensify and Prosaic App

Expensify Reviews

Small Business Expense Tracking Apps: Streamlining Financial Management
In conclusion, the realm of expense tracking apps offers diverse solutions for small businesses. Whether opting for established platforms like QuickBooks Online, Expensify, Zoho Expense, or considering newer entrants like Centy, these tools empower businesses to take control of their finances and pave the way for sustainable growth.
Source: medium.com
20 best accounting software tools
Expensify is an accounting system fit for a business of any size that lets you manage your receipts, and easily submit business expenses for both reimbursement and approval.
Source: clockify.me

Prosaic App Reviews

We have no reviews of Prosaic App yet.
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Social recommendations and mentions

Based on our record, Expensify seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Expensify mentions (1)

  • Is this a scam or a badly managed company
    I never heard of them before, and the emails look like they are truly tied to 'expensify.com' but there is no 'unsubscribe' or anything similar. I am thinking maybe a scammer is trying to get me to sign in and put in some form of credit card details? Source: over 1 year ago

Prosaic App mentions (0)

We have not tracked any mentions of Prosaic App yet. Tracking of Prosaic App recommendations started around Jul 2023.

What are some alternatives?

When comparing Expensify and Prosaic App, you can also consider the following products

Abacus - Expenses without the 'expense report'

Dext - Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.

Zoho Expense - Automate your expense reporting process and streamline the approval flow.

Kirmada - Work easier and boost your revenue and profits with Kirmada. This is how Workspaces are *meant* to be! Efficient, time-tracked, socially integrated and shareable. All with no learning curve.

Fyle - Track expenses across devices on-the-go and maintain a central repository. With custom approval flows, automatic policy violation detection and an automated audit trail, be audit-ready at all times!

Rydoo - Rydoo is a Travel and Expense management system.