Workday Spend Management vs. finway

The Munich-based fintech company, finway, simplifies and automates the recording, processing, and analysis of all company expenses. The software covers all areas of expenditure management from invoice processing, expenditure reimbursement, to preliminary accounting. Payments can be flexibly represented through a bank connection as well as physical and virtual debit cards. In addition, finway provides comprehensive reports and analyzes for expense and budget control. Since March 2022, an extensive addition for liquidity planning and management is also included (also available as a free stand-alone version). The cost of the tool depends on the number of invoices processed per month in the system. Packages start at 149 euros for up to 100 invoices per month. This includes all functions, unlimited users, and virtual cards.