Vendor:
Founded:
Headquarters:
Rydoo
2011
Belgium
Customers:
Deployment Model:
Free Trial:
500,000+ users
Cloud
Yes
Rydoo At A Glance
Product Overview
Rydoo (formerly Xpenditure) is a cloud-based platform that automates the expense management and reimbursement process. Rather than filling out paperwork, employees simply take a picture of a receipt with their phone and submit it for approval. Rydoo has smart optical character recognition (OCR) technology that pulls data (such as merchant name, transaction amount, and date of purchase) from the receipt. This data automatically transfers into the platform.
Rydoo is accessible from both the web and a mobile app. In addition to scanning receipts, the mobile app tracks mileage with Google Maps, automatically calculates per-diem expenses, and allows managers to approve or reject expenses with a single swipe.
Rydoo also provides real-time insights into a company’s expense and spending processes. The finance team can track all expense activities with built-in graphs, which can be filtered by month or quarter. They can also set up specific expense policies that users must follow, and receive notifications if users aren’t complying with the policy.
One main benefit is that the expense management process is more automated, and users won’t have to rely solely on submitting expense paperwork. Other benefits include:
- Less chance of mistakes, as calculations are automatically performed by the software (especially mileage tracking)
- Managers have faster access to expenses in real time, so there’s no wait in getting expenses approved
- Integration with several accounting software and enterprise resource planning (ERP) solutions, so users won’t need to re-enter Rydoo data
Rydoo has a platform for booking travel and monitoring travel expenses. Called Rydoo Travel, the platform allows users to book all travel plans (such as airfare, car rentals and hotel) from one space. A built-in rules engine lets administrators configure travel policies and approval workflows. Rydoo Travel integrates with Rydoo’s expense management tool, so managers can monitor all expenses associated with each trip.
Features
Rydoo Expense has three pricing plans. We detail each plan here, but specific pricing is in our Pricing section below. There’s a five-user minimum for each plan.
Team – The Team plan includes core features, such as:
- Approval flow
- OCR scanning
- Mileage tracking
- Detection of duplicate expenses
- Multi-currency conversion
- Cost center and trip allocation
- Multiple languages supported
- Ability to upload transactions in CSV and PDF formats
- Automatic VAT calculations
- Cash advances
- User permissions
- Custom expense fields
- Up to three branches
- Email and chat support
Growth – The Growth plan has all features of the Team plan, plus:
- Unlimited branches
- Ability to set expense policy rules
- Ability to track per diem expenses
- Trip approval
- Controlling modules
Enterprise – The Enterprise plan includes all features of the other two plans, plus:
- Custom conversion rates
- Custom bank transactions feed
- Dedicated project manager
- Billing and Invoicing?
- Budgeting and Forecasting?
- Core Accounting?
- Expense Management?
- Inventory Management?
- Payroll Management?
- Payment Processing?
Target Market
Rydoo targets companies that range from SMBs to enterprise organizations. We’ve listed 10 of its clients below:
- Brussels Airlines
- Continental
- Deloitte
- Jaguar
- Land Rover
- Pernod Ricard
- SAS
- Showpad
- The Next Web
- Tomorrowland
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Implementation/Integration
New clients can download a free trial or access a demo with Rydoo’s sales team. Credit card information is not required until the free trial ends.
Rydoo integrates with a wide range of accounting software, such as QuickBooks, Xerox, Sage One, FreshBooks, Free Agent and Exact Online. It also integrates with enterprise resource planning (ERP) software, such as SAP, Sage, Microsoft Dynamics and Oracle. Note that this latter integration is only available with the Enterprise plan.
Rydoo also integrates to Evernote, Dropbox, Lyft and Slack.
Customer Service & Support
Users can access the Help Center to get how-to guides on its features and answers on any troubleshooting questions.
Email and live chat support is available to users on all plans, while access to a dedicated account manager is included on the Enterprise plan.
Pricing
The Team plan costs $6.78 per user, per month, while the Growth plan is $9.04 per user, per month. Note that each plan is billed annually, and represents the number of active users.
The Enterprise plan is more customized, so prospective clients should contact Rydoo directly for a quote.
Shortcomings
Some users have mentioned that the process of uploading receipts in the mobile app tends to be slow.
Screenshots
Rydoo Review Q&A
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About
Rydoo is the combined company that resulted from a merger with Xpenditure (expense management platform), Sodexo, a French company that provides services that help employees improve their quality of life, and iAlbatros, a corporate-travel booking platform.
Its mission is to help companies streamline their expense and travel management process with automated technology. Its goal is to provide great customer service by understanding their clients’ needs better than the clients themselves.
Rydoo has over 300 employees and over 500,000 users. Headquartered in Belgium, it has offices in New York, London, Sao Paulo (Brazil), Amsterdam and Barcelona (Spain).
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