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Loom VS Splitwise

Compare Loom VS Splitwise and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Loom logo Loom

Loom is a screen recording extension for Chrome that gives people the ability to create and share media. Create your own videos using your camera, screen view, and audio. Read more about Loom.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Loom Landing page
    Landing page //
    2023-05-13
  • Splitwise Landing page
    Landing page //
    2023-01-23

Loom features and specs

  • Ease of Use
    Loom offers a highly intuitive interface that makes recording, sharing, and managing videos easy, even for users who are not tech-savvy.
  • Speed
    Loom allows for quick video recording, instant sharing, and embedding, which can greatly save time, especially for team communication and support tasks.
  • Integrations
    Loom integrates with various tools like Slack, Google Drive, and GitHub, providing seamless workflow enhancements.
  • Viewer Analytics
    Loom provides video engagement analytics, including viewer activity and completion rates, which helps understand the effectiveness of the content.
  • Cross-Platform Availability
    Loom is available on multiple platforms, including Chrome, Windows, Mac, and mobile devices, making it versatile for different user environments.
  • Team Collaboration
    Loom offers features specifically geared towards teams, allowing for shared libraries, comments, and real-time notifications.

Possible disadvantages of Loom

  • Limited Editing Features
    While Loom allows some basic editing, it lacks the advanced editing capabilities found in more robust video editing software.
  • Bandwidth Usage
    Recording high-quality video can be demanding on internet bandwidth, which might be an issue in areas with slower internet speeds.
  • Cost
    The free version of Loom has usage limits and fewer features compared to its paid plans, which might be a constraint for budget-conscious users.
  • Data Privacy
    As with any cloud service, there are potential concerns about data privacy and security, which may not be suitable for highly sensitive information.
  • Video Length Limitations
    The free tier imposes restrictions on the maximum length of videos, which could be a hindrance for users needing to create longer content.

Splitwise features and specs

  • User-Friendly Interface
    Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
  • Multi-Platform Availability
    Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
  • Expense Tracking
    The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
  • Flexible Split Options
    Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
  • Currency Conversion
    Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
  • Bill Reminders
    The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
  • Integration with Payment Platforms
    Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

  • Privacy Concerns
    Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
  • Subscription-Based Features
    Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
  • Manual Entry Requirement
    Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
  • Limited Automatic Reconciliation
    While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
  • Dependency on Group Honesty
    The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
  • Potential for Confusion
    The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Analysis of Loom

Overall verdict

  • Yes, Loom is considered a good tool for asynchronous communication, particularly in professional settings. It is effective for enhancing communication clarity, saving time, and improving productivity.

Why this product is good

  • Loom is favored for its user-friendly interface, ease of use, and efficiency in creating and sharing video messages. It enables users to quickly record their screens, voice, and webcam, making it suitable for a range of professional and personal communication needs. The platform is particularly useful for those who want to provide clear, visual explanations or updates without the need for arranging meetings or lengthy emails.

Recommended for

  • Remote teams needing asynchronous communication tools.
  • Educators creating video tutorials or lectures.
  • Sales teams making personalized video pitches.
  • Product teams explaining features or demonstrating product use.
  • Anyone needing to communicate complex information quickly and clearly.

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Loom videos

+ Add

Loom: Full Review 2019

More videos:

  • Review - Classic Review - LOOM
  • Review - Loom Video Recorder Review 2019

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Loom and Splitwise)

Loom

Splitwise

Screen Recording
100 100%
Screen Recording
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Video Maker
100 100%
Video Maker
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Loom and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Loom and Splitwise

Loom Reviews

The 9 Best Vimeo Alternatives on the Market in 2024
Loom helps employees, sales professionals, and teams communicate better and faster. With Loom, you can coordinate asynchronously, empower customer support to meet customer expectations and needs, improve customer success metrics, and give and receive feedback quickly and easily. The communication and collaboration features in Loom make it easier for anyone to share ideas and...
Source: www.loom.com
Top 8 Best Free Screen Recorders in 2024
Loom is a modern, user-friendly screen recording app designed for diverse platforms and areas of use. Perfect for business settings, Loom lets you create and fine-tune screen recordings to be easily shared with your team.
Source: mixilab.com
Top 15 Free Alternatives to OBS | Online Free Screen Recorder for PC
This is an easy-to-use OBS alternative for Chromebooks and Macs. Loom can choose different recording styles according to the voice & face you want. At the same time it provides cloud storage and can share videos directly through their portal. It's suitable for team use, bringing the entire team together for recording and collaboration easily.
Source: www.geekersoft.com
12 Best Free Chrome Screen Recorder with audio 2022
Loom is one of the most popular screen recording tools on the Google market. Loom records quickly, shares and collaborates easily. Since it has been loved by users, Loom has recently been updated, and many features have now been limited to charging, such as: only the first 100 recorded videos can be accessed. Access to more videos requires an upgrade purchase; free users can...
Source: www.geekersoft.com
Best Screen Recorder For PC In 2022
Give Loom a try if you need to quickly record something and share a link. When it comes to recording, Loom isnโ€™t overly complicated: you can choose whether to record just your screen, your screen with webcam video, or just your webcam.
Source: videomakerlab.com

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Loom seems to be more popular. It has been mentiond 19 times 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.

Loom mentions (19)

  • UAT: A Quick Overview
    Loom is a video recording tool that allows users to capture screenshares with voiceovers. In UAT, itโ€™s used to show an application workflow, whether successful or buggy. Instead of listing steps to replicate a bug/workflow, you can record it firsthand and save everyone some time. - Source: dev.to / over 1 year ago
  • How to Stand Out When Asking for a Job
    Telling somebody, โ€œI want to work for youโ€ is only as good as the reasons you give them. If you show them that you can identify value that they need created and can create it, you take a lot of that work off of their plate. Loom is a good tool for walking people through what you can create. Source: about 3 years ago
  • Show HN: Walkie-Talkie for Badass Developers
    Async meetings are pretty great), http://loom.com is pretty great. (don't work there, not even a paying customer, but even then it's transformed the way I work.). - Source: Hacker News / over 3 years ago
  • Animation for software guides/snippets
    While not animation software, both loom.com and scribehow.com are a version of this. Loom is pure video and audio, Scribe is a combo of screenshots and written steps. It 'watches' what you do, then makes an instructional guide that can be edited later. Source: over 3 years ago
  • [need feedback] New landing page for upcoming SaaS!
    I'm not on mac, so I use loom.com as an alternative to screen.studio ๐Ÿ˜‰. Source: over 3 years ago
View more

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Loom and Splitwise, you can also consider the following products

Camtasia - Unleash the worldโ€™s most powerful screen recorder and video editor with everything you need to tell your story โ€” powered by AI.

Tricount - Manage and share expenses with friends

ScreenStudio - Streaming, made easy!

Splid - Splid helps friends manage their money.

Tella - Capture your best work with video. Record in the browser, share instantly.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

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