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TECHNOLOGY Q&A

Divvy is also great when it comes to security. reimbursements, creating spending policies, and
You know all those recurring subscription services setting spend limits, you’ll need to subscribe
the company uses? If you use Divvy, all those sub- to the Premium tier, which we are using for
scriptions will be given their own virtual account these comparisons.
number, so even if your card information is stolen, Also, like Divvy, Brex has an online portal and
it will be useless to cyberthieves. mobile app to help you handle the day-to-day
Spend notifications, instant categorization, and business and help automate the expensing pro-
transaction reviews mean you can view, organize, cess. It’s clean and to the point with all the info
and approve/deny expenses before you sync your you need.
data to your accounting software. Expense report- Automatic bill pay, easy invoice collection, and
ing is an added bonus to handle any lingering spend monitoring are all included in Brex Pre-
needs, such as mileage reimbursements. mium, which costs $49 a month. You can even set
up alerts for high spend amounts per department.
Brex If you’re willing to subscribe to Brex Premium, it’s
Brex is a bit of a unique offering in this space, with a very powerful tool.
more of a focus on being a bank for your business No more scanning paper receipts. No more
while also handling expenses like the others in drowning in PDF submissions from employees at
this article. Brex wants you to be able to pay your the end of every month. Everything else around
bills, collect your invoices, and manage what your us is improving. Why not fix this long-broken
employees are spending all in one place. process while we’re at it? The incremental cost
Features: Like Divvy and Expensify, Brex of the solutions will easily be offset by the time
offers (physical and virtual) cards for all employees and headaches saved for our teams. Automating
and subscription accounts. However, if you want expense reporting is a win for everyone.
to match the features of the others, like managing — By Byron Patrick, CPA/CITP, CGMA ■

48 | Journal of Accountancy January 2022