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!
Plan across boards with Kanban, tables, calendars, Gantt timelines, and dependencies. Track priorities, progress, and changes with reporting, activity history, automations, notes, custom fields & AI agent attribution. Mobile-ready and self-hostable.
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Which is more popular?
Based on our record, eramba
seems to be more popular. It has been mentioned
1 time
since March 2021.
social mentions
0 vs 1
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 132
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.
Comprehensive GRC Management Eramba offers a wide range of Governance, Risk, and Compliance (GRC) tools, making it suitable for comprehensive risk management, compliance tracking, and audit processes.
User-Friendly Interface The interface is intuitive and user-friendly, which helps organizations to quickly adapt and efficiently manage compliance and risk activities.
Open Source Eramba is an open-source platform, which allows for greater flexibility, customization, and cost-effectiveness compared to proprietary software solutions.
Regular Updates The platform receives regular updates and improvements, ensuring it remains up-to-date with the latest compliance requirements and technological advances.
Strong Community Support Being open-source, Eramba has a strong community of users and developers who actively contribute to its development and provide support.
Possible disadvantages
Initial Configuration Complexity Due to its comprehensive nature, initial setup and configuration can be time-consuming and may require significant effort and expertise.
Limited Vendor Support As an open-source solution, Eramba may not offer the same level of official vendor support as commercial GRC platforms. Users often rely on community support.
Learning Curve Despite its user-friendly interface, the system's broad feature set can result in a steep learning curve for new users who are not familiar with GRC concepts.
Integration Challenges Integrating Eramba with existing IT systems and workflows can present challenges, especially without dedicated integration tools or professional support.
Resource Intensive Running and maintaining an open-source system like Eramba can require considerable internal resources, including dedicated personnel for system management and updates.
Analysis
An editorial look at what each product does well and who it suits.
Splitwiseeramba
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
Yes, Eramba is considered a good choice for governance, risk, and compliance (GRC) management.
Why this product is good
Eramba is an open-source GRC tool that offers a comprehensive suite of features to help organizations manage their compliance, risk assessment, and policy management tasks. It is valued for its transparency, flexibility, and cost-effectiveness compared to proprietary solutions. Users appreciate its user-friendly interface, active community support, and the fact that it’s constantly evolving with regular updates and community-driven enhancements.
Recommended for
Organizations looking for a scalable and customizable GRC solution, especially those with limited budgets who prefer open-source software. It is also suitable for companies that need to comply with various regulatory frameworks and are seeking a more hands-on approach to managing their GRC processes.
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....
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentionseramba1 mention
Tracking Splitwise since Mar 2021.
Open Source Compliance Software?
We are currently using Eramba who also have a free community version available. This is a great GRC tool and we love it.! Check out eramba.org.
Source:
over 5 years ago
Alternatives to Splitwise and eramba
When comparing Splitwise and eramba, you can also consider the following products.
Tricount
Settle Up
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FixNix
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