Software Alternatives & Startups

Splitwise VS Teamwork

Compare Splitwise VS Teamwork and see what are their differences

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!

Rating
0 reviews
Teamwork

The Project Management App for Professionals. The most powerful and simple way to collaborate with your team.

Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Teamwork seems to be more popular. It has been mentioned 7 times since March 2021.

social mentions
0 vs 7
Personal Finance popularity
100% vs 0%

Base details

Website, pricing, platforms and company facts side by side.

Splitwise
Teamwork
Website splitwise.com teamwork.com
Pricing —
Company — Startup from Ireland
Listed in

Features and specs

What each product offers, as listed by its team.

Splitwise 7 features
Teamwork 6 features
  • 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 Project Management
    Offers a wide range of features for project management including task assignments, milestone tracking, and time logging, which are helpful for staying organized and on track.
  • Collaboration Tools
    Includes collaboration tools such as file sharing, comment threads, and real-time chat, which facilitate communication and collaboration among team members.
  • Customization
    Highly customizable interface and features, allowing teams to adapt the software to their specific workflow and processes.
  • Integration Capabilities
    Integrates with a wide variety of other tools and applications like Google Drive, Slack, and HubSpot, enhancing its utility and connectivity.
  • User-Friendly Interface
    Intuitive and easy-to-use interface, which helps in quick onboarding and reduces the learning curve for new users.
  • Robust Reporting
    Provides detailed reporting and analytics features that help in tracking project performance and making data-driven decisions.

Possible disadvantages

  • Cost
    Pricing can be high, especially for smaller teams or startups, which may find it expensive compared to other project management tools available in the market.
  • Overwhelming Features
    The extensive range of features might be overwhelming for new users or small teams who do not require advanced functionalities.
  • Mobile App Limitations
    The mobile app lacks some functionalities of the desktop version, which can hinder productivity for team members who are on the go.
  • Steeper Learning Curve for Advanced Features
    Although the basic features are user-friendly, mastering the more advanced functionalities may require additional time and training.
  • Performance Issues
    Occasional performance issues such as lagging or longer load times, particularly when handling larger projects or more extensive data sets.

Analysis

An editorial look at what each product does well and who it suits.

Splitwise
Teamwork

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

  • Teamwork is a strong contender in the project management software space, particularly for teams looking for comprehensive project planning and collaboration features. Its comprehensive toolkit and flexibility make it a worthwhile investment for many businesses.

Why this product is good

  • Teamwork is highly regarded for its robust project management features, which include task management, time tracking, and collaboration tools. It offers a user-friendly interface and a variety of integrations with other popular tools, enhancing productivity and streamlining workflows. The platform also provides extensive customization options, allowing teams to tailor it to their specific needs.

Recommended for

    Teamwork is recommended for small to medium-sized businesses, project managers, and teams that require detailed project tracking and collaboration features. It is particularly useful for agencies, remote teams, and those looking to integrate with existing tools to enhance efficiency.

Videos

Walkthroughs and reviews on video.

Splitwise 3 videos + Add
Teamwork 1 video + Add

Splitwise - iPhone App Review! [2020]

More videos

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

Teamwork Projects - Getting Started Guide

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Splitwise
Teamwork
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%
0% 0%
100% 100%

User comments

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Splitwise no reviews yet
Teamwork 5.0 · 1 review

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Splitwise 0 mentions
Teamwork 7 mentions

Tracking Splitwise since Mar 2021.

  • A list of SaaS, PaaS and IaaS offerings that have free tiers of interest to devops and infradev
    Teamwork.com — Project management & Team Chat. Free for five users and two projects. Premium plans are available. - Source: dev.to / almost 3 years ago
  • Is cross-platform the future of mobile development
    AirBnb wrote an article about why they moved away from RN, udacity wrote a post saying that it was the same for them, Netflix said they tested it early on but couldn't preform so they went native, teamwork.com re-wrote everything in... Source: about 4 years ago
  • PM / Project Tracker for small teams with project template option
    I have spent (wasted...) way to many hours on finding a good solution for my team. The problem is I really love teamwork.com, it has the ability to sort "My tasks", and other views which are awesome. Most of our projects follow the same... Source: about 4 years ago

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Alternatives to Splitwise and Teamwork

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