Divvy

Avantages

I first learned about Divvy via the daily business newsletter, Morning Brew. I was in disbelief that the product was totally free, so I scheduled a demo call. As it turns out, Divvy really is TOTALLY free. The app is incredibly user friendly and switching/updating budgets is surprisingly easy. But while the app interface is nice, the push notifications are wonderfully helpful, and Divvy travel has us saying bye-bye to Expedia, the REAL value our agency has found in using Divvy is the virtual card feature. As the Director of Marketing Strategy at a small Marketing Technology Agency, I manage a team of people who run a plethora of digital ads campaigns for numerous clients in any given month. Divvy's virtual card feature allows us to manage media buys on behalf of our clients without needing to open 100+ credit cards (or require the client to use their card). So, we're able to manage our clients' monthly spend and charge them a small admin fee (for putting the spend on our cards) without incurring ANY credit card fees.

Inconvénients

Honestly, there are really only two things I dislike about Divvy:

1. That there isn't a Divvy for PERSONAL spending (I've been Googling looking for something like this for the past few weeks now...nothing seems to exist!)

2. The saving a receipt feature/adding notes feature is a little spotty at times. I find that I often need to go back into a purchase and re-upload the photo of the receipt/re-type my note. Hopefully this is a bug that gets worked out with the next app update.

Avantages

We loved how easy it was to roll out to our employees. Each card came with instructions. Very little had to be done to get the ball rolling.

We love how visible the spend in our company is. We have a much better understanding on how much we spend per expense. A lot better than the manual method we were using.

The cards work! We've tried other services that had declined transactions on a regular basis. These cards have had no issues.

Inconvénients

We've had very little in the way of complaints. Currently the Divvy cards have a spend limit of $100 when purchasing fuel. From my understanding this is a VISA issue and out of their control. I would also say that there are better platforms for larger businesses. Our company has around 50 employees and Divvy ended up being perfect for us.

Alternatives envisagées 

Pourquoi choisir Divvy 

Pourquoi passer à Divvy

Avantages

I was pleasantly surprised that the system automatically shows you the pre-approved credit.Completing the application took no more than 30 minutes.

Inconvénients

The support service is incompetentNo one told me the reason why the application was rejectedThe impression was created that divvy only collects the personal data of the US business community.After I passed the video verification, the application was refused, which is disturbing, what is the reason to pass the video verification if the application is refused anyway.The most regrettable thing is that I sent my bank account details.When I passed the video verification, I noticed that my personal data will be kept for 3 years! I am very disappointed!

Avantages

Easy to use, user friendly, save a ton of time and easy to mange the spends. Easily sync the transaction with accounting software, and speeds up reconciliation process. You can set limits, chose vendors. Can have access to receipts on the Go. Also rewards points is cherry on the top.

Inconvénients

Reimbursement process requires a lot of Improvement , especially for syncing the transaction with QBs

Alternatives envisagées 

Pourquoi passer à Divvy

Avantages

The best thing about Divvy is that employees can designate a transaction to a specific budget right at the time of the transaction. They upload the receipt right then and there and they're done! No more bugging staff for expense reports, missing receipts, wrong amounts. This will be a game changer for our small team.

Inconvénients

We are still pretty new to Divvy but so far it's been great. We'll need to make sure that there are strong controls for everyone, including admins on the account but so far it has been a solid product. Very intuitive and easy to use.