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!
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Which is more popular?
Based on our record, Close
seems to be more popular. It has been mentioned
8 times
since March 2021.
social mentions
0 vs 8
Personal Finance popularity
100% vs 0%
Base details
Website, pricing, platforms and company facts side by side.
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
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.
Unified Interface Close provides a complete customer relationship management solution with a robust set of features including email, calling, and SMS integration, all within one platform, which enhances workflow efficiency.
Automation Features The platform includes extensive automation capabilities such as automated emails, task reminders, and follow-ups, helping to streamline repetitive tasks and improve productivity.
Ease of Use Close is known for its user-friendly interface and intuitive design, making it accessible for users of varying technical skill levels.
Excellent Support Close has a strong reputation for providing excellent customer support, including comprehensive onboarding assistance and a wealth of online resources and documentation.
Integration Capabilities Close integrates seamlessly with numerous other tools and platforms, including popular options like Slack, Zoom, and Zapier, enhancing its functionality and versatility.
Possible disadvantages
Pricing The cost of Close can be relatively high compared to other CRM solutions, particularly for small businesses or startups operating on limited budgets.
Limited Customization Some users may find the customization options within Close to be somewhat limited, which can be a drawback for businesses with highly specific needs.
Learning Curve Despite its overall ease of use, some features can have a steeper learning curve, potentially requiring additional time for new users to become fully proficient.
Mobile App Limitations The mobile application currently offers fewer functionalities compared to the desktop version, which can be restrictive for users who need to manage workflows on the go.
Reporting Features While Close offers basic reporting capabilities, some users may find the depth and flexibility of reporting features to be less comprehensive compared to other advanced CRM solutions.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseClose
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.
Overall verdict
Close is considered a highly effective CRM tool for sales-oriented teams. It offers a range of powerful features that streamline the sales process, though it might be considered expensive for teams not heavily focused on aggressive sales tactics.
Why this product is good
Close (close.com) is a customer relationship management (CRM) software designed specifically for sales teams. It is appreciated for its intuitive interface, robust automation features, and efficient communication tools such as email and calling integrations. Users find it especially beneficial for small to medium-sized businesses looking to optimize their sales processes and improve productivity.
Recommended for
Close is ideal for sales-driven organizations, especially small to medium-sized enterprises (SMEs) that require efficient lead management, streamlined communication, and actionable insights to enhance their sales performance.
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...
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...
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....
Switching Move from Close in a day. 012 minutes Connect Close Paste a Close API key in Settings → Migration. Leadey checks it and reads your account; nothing changes in Close. 025 minutes Choose what to bring Pick the...
ToolsBest for LinkedIn AutomationPricingExpandiLinkedIn lead generation and outreach✅Free trial available; paid plan starts at $79 per month.ClayWaterfall enrichment and automation❌Free plan available; paid plan...
Social recommendations and mentions
Recommendations tracked on public social media and blogs since March 2021.
Close (https://close.com) | Multiple Product & Engineering Roles | REMOTE (US) Close is a bootstrapped, profitable, completely remote, ~90 person team of thoughtful individuals who value autonomy and impact. Since 2013, we’ve been...
- Source: Hacker News
/
over 2 years ago
Close (https://close.com) | Multiple Product & Engineering Roles | REMOTE (US) Close is a bootstrapped, profitable, completely remote, ~90 person team of thoughtful individuals who value autonomy and impact. Since 2013, we’ve been...
- Source: Hacker News
/
almost 3 years ago
Why this simple email template can help with your sign-ups conversion
This sign-up sales email from Close.io (now close.com) will likely increase your conversion rate.
Here's why it works well:.
Source:
over 3 years ago
Sales pipeline software that gets you organized. Helps you focus on the right deals, so easy to use that salespeople just love it. Great for small teams.
Grow Better With HubSpot: Software that's powerful, not overpowering. Seamlessly connect your data, teams, and customers on one CRM platform that grows with your business.
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