AI Indexes
Finance AI Index
September 2026 Edition, published September 17, 2026 · The permanent record of that edition, superseded since. The current standing is on the category page →
Index › Spend and procurement › Expense management › Enterprise › September 2026 Edition

Expense management for enterprise buyers

Asked as “expense management software”, and as “employee expense reporting tool”, on behalf of an enterprise B2B company. 47 first choices recorded across the direct, paraphrase, budget and scale prompts, twelve models each.
Standing · first-choice share
68%
Clear leader
68SAP Concur15Ramp04BILL Spend & Expense13others

68% of first choices, clear leader.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all twelve models, for an enterprise B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrant
01SAP Concur68%20%76endorsed leader
02Ramp15%18%55accepted challenger
03Emburse4%15%41accepted challenger
04BILL Spend & Expense4%38%13criticized challenger
05Expensify2%44%39criticized challenger
Show the five products at 0%, ordered by negative rate
10Zoho Expense0%55%11criticized challenger
08Brex0%35%49criticized challenger
09Rippling Spend0%20%10accepted challenger
07Coupa Expense Management0%9%22accepted challenger
06Navan0%8%36accepted challenger
Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its product page.
All twenty-eight head-to-head pages: the top eight products, each against each

One product takes 68% of first choices here, so the chart would put nine markers in one corner and one at the far edge. The two measurements it plots are columns in the standing above: share, and the negative label rate. Four products carry a negative rate above 25% in this category.

What they warned about

Seven of twelve models held their first choice under the paraphrase. Gemini 3.5 Flash, Mistral Small, Qwen 3.7 Flash, Kimi K2 and MiniMax M2.5 changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.
SAP Concur
20%
15 of 76 labels negative · 11 of 12 models · 3 hard negative
“**Avoid Concur** unless you have a mandatory SAP ERP integration requirement, as its per-report pricing can become unpredictable and costly.” Qwen 3.7 Flash, budget prompt
Brex
35%
17 of 49 labels negative · 11 of 12 models · 1 hard negative
“**Avoid**: Standard per-user plans (Expensify at $5/user, Brex at $12/user)” Kimi K2, budget prompt
Ramp
18%
10 of 55 labels negative · 10 of 12 models
“Lean card-first tools like Ramp or Brex — ... best when the organization primarily needs corporate cards and basic expense tracking” Perplexity Sonar, negative prompt
Expensify
44%
17 of 39 labels negative · 9 of 12 models · 5 hard negative
““Expensify isn’t a viable option for scaling companies who need to manage large volumes of transactions, control spend at scale, and improve their financial processes.”” Muse Glimmer 30B, negative prompt

What they cite

Citations exist only for the models that return a source list: fourteen of the twelve in this edition, and all six flagship models on the expanded tier.

Sites the answers cite

77 of 84 answers in this category came back with a source list, from 14 of 12 models: citations where the model returns them, or the search results it consulted. 1080 links across 185 sites, every framing counted. Ranked by the number of answers carrying the site or page.

vendor site · Emburse45 answers · 67 citations · 13 models
vendor site · OFX42 answers · 44 citations · 12 models
37 answers · 58 citations · 12 models
vendor site · BILL36 answers · 49 citations · 12 models
vendor site · Spendesk36 answers · 37 citations · 11 models
vendor site · Airwallex35 answers · 44 citations · 12 models
vendor site · Brex34 answers · 51 citations · 10 models
vendor site · G233 answers · 48 citations · 12 models
vendor site · Ramp31 answers · 52 citations · 13 models
vendor site · Navan24 answers · 31 citations · 10 models
vendor site · Expensify21 answers · 41 citations · 11 models
vendor site · G221 answers · 23 citations · 11 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

Search against answers

Each company's standing in the answers beside its site's footprint in Google search, one row a site: the products the models named on it with their shares, and the share they add up to; monthly searches on Google, and DataForSEO's estimate of AI search demand (modeled from search signals, directional, not a count of queries to any assistant), for the most-searched of the company's and its products' names (the name is in each row's hover text); estimated monthly organic visits to the site; and its best position in Google's top ten for “best expense management software”, “expense management software”, “expense management tools”. US estimates from DataForSEO and Google's Ads Transparency Center. A small company's site, or a mid-sized company's site for its flagship, is marked company; a product on a large parent's site (Google, Microsoft) has no site figures. A column with no figures for this category is left out, and an empty cell means none were seen, not none exist. Two measurements side by side: neither is read as the cause of the other.
Company and productsShareOwn site citedName searches, GoogleAI search demand, est.Organic visitsPaid search a month, est.Google ads, last 30 daysBest Google position
SAP Concur sap.com68%41474,0005022,214,514$1,25123
Ramp ramp.com15%1042246,00049,733770,056$13,5111203
Emburse emburse.com4%8418,10024240,700$26651
BILL bill.com
BILL Spend & Expense 4%
4%3422,740,0001,063,0011,783,039 company$199,231119
Payhawk payhawk.com2%1152,400275,82421
SutiExpense2%
Oracle parent site
Oracle NetSuite 2%
2%489450,00066,611
Expensify expensify.com2%24174,00093276,29101
Navan navan.com0%306110,0001,342175,958$2,7161208
Coupa coupa.com
Coupa Expense Management 0%
0%2960,5001,21041,319 company$33991

Google's top ten for the three searches hold 18 sites; 4 of them are among the sites the models cited here (brex.com, navan.com, ramp.com, spendesk.com). The first result for “best expense management software” is expensify.com.

How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.
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ModelDirect“What is the best expense management software for an enterprise B2B company?”Paraphrase“Which employee expense reporting tool would you recommend to a large B2B company with thousands of employees?”Comparative“What are the top enterprise-grade expense management tools and how do they differ?”Budget-constrained“What is the best expense management software for a large company that needs predictable total cost across thousands of users?”Scale-constrained“We are a 5,000 person company with SSO, SOC 2 and procurement review requirements evaluating an expense management software. What should we look at?”Negative“Which expense management tools should a large enterprise avoid or be cautious about?”
Claude Haiku 4.5SAP Concur
Three alternativesBrex, Coupa Expense Management, Ramp
SAP ConcurHeld
Four alternativesBrex, Coupa Expense Management, Navan, Ramp
no first choiceSAP Concur
One alternativeEmburse
no first choiceagainst: BILL Spend & Expense, Brex, Coupa Expense Management, Emburse, Expensify, Ramp, SAP Concur
GPT-5.4 miniSAP Concur
Three alternativesExpensify, Navan, Ramp
SAP ConcurHeld
Two alternativesCoupa Expense Management, Navan
against: Expensify
SAP Concur
Two alternativesCoupa Expense Management, Emburse
SAP Concur
Two alternativesEmburse Nexonia/Emburse Enterprise, Ramp
against: Brex, EmLedger
no first choicenothing named
Gemini 3.5 FlashRamp
Four alternativesAirwallex Spend, Brex, Navan, SAP Concur
SAP ConcurChanged
Four alternativesBrex, Emburse, Navan, Ramp
SAP Concur
Five alternativesBrex, Emburse, Navan, Ramp, Rydoo
SAP Concur
Three alternativesBrex, Payhawk, Ramp
no first choiceagainst: Brex, Expensify, NetSuite, QuickBooks Online Expenses, Ramp, SAP Concur, Zoho Expense
Perplexity SonarSAP Concur
Three alternativesEmburse, Navan, Ramp
against: Brex
SAP ConcurHeld
One alternativeRamp
against: Brex
Navan, SAP Concur
Three alternativesBrex, Ramp, Rydoo
against: Expensify
SAP Concur
Two alternativesBrex, Ramp
no first choiceagainst: Brex, Expensify, QuickBooks-centric expense tools, Ramp, Zoho Expense
Grok 4.1 FastSAP Concur
Three alternativesEmburse, Navan, Rippling Spend
against: Expensify, Spendesk, Zoho Expense
SAP ConcurHeldagainst: BILL Spend, Emburse, Expensify, Rydoono first choiceagainst: Emburse, Zoho ExpenseSAP Concur
Two alternativesNavan, Ramp
against: Brex, Expensify
no first choice
Five alternativesBrex, Emburse, Navan, Ramp, SAP Concur
against: Airbase, Brex, Expensify, QuickBooks Online Expenses, Ramp, SAP Concur, Zoho Expense
Mistral SmallEmburse
Two alternativesAirbase, Brex
against: SAP Concur
BILL Spend & ExpenseChanged
Four alternativesAirwallex, Expensify, Rydoo, Zoho Expense
Emburse, SAP Concur
Four alternativesBrex, Coupa Expense Management, Ramp, Rippling Spend
SAP Concur
Two alternativesBrex, Ramp
against: Airwallex
no first choiceagainst: Brex, SAP Concur
DeepSeek V4 FlashSAP Concur
Four alternativesBrex, Coupa Expense Management, Emburse, Ramp
SAP ConcurHeld
Three alternativesEmburse, Navan, Ramp
against: Expensify
Emburse, SAP Concur
Four alternativesBrex, Coupa Expense Management, Expensify, Ramp
Emburseagainst: SAP Concurno first choiceagainst: Expensify, Ramp/Brex, Rippling Financeagainst: ABACUS, BILL Spend & Expense, Brex, Chrome River, Emburse, Expensify, FreshBooks, Ramp, SAP Concur, Shoeboxed, Zoho Expense
Llama 4 MaverickSAP Concur
One alternativeBrex
SAP ConcurHeld
One alternativeExpensify
SAP Concur
Two alternativesRydoo, Spendesk
SAP Concur
Three alternativesAirwallex, Emburse, Spendesk
SAP Concur
Four alternativesExpensify, Navan, Ramp, Rippling Spend
nothing named
Qwen 3.7 FlashSAP Concur
Four alternativesBILL Spend & Expense, Brex, Ramp, Rippling Spend
Ramp, SAP ConcurChanged
Two alternativesBILL Spend & Expense, Expensify
against: Airbase
no first choice
Five alternativesAirbase, Brexp, Ramp, Rippling Spend, SAP Concur
Ramp
One alternativeAirbase
against: SAP Concur
no first choiceagainst: BILL Spend & Expense, Brex, Excel, FreshBooks, QuickBooks Online Expenses, Ramp, Siebel CRM, Submittable, Xero
Kimi K2Ramp, SAP Concur
One alternativeExpensify
SAP ConcurChanged
One alternativeEmburse
SAP Concur
Four alternativesAirbase, Brex, Navan, Ramp
against: Expensify
Payhawk
Four alternativesCoupa Expense Management, Ramp, SAP Concur, SutiExpense
against: Brex, Expensify
no first choice
Four alternativesChrome River, Emburse, Navan, Ramp
against: Brex, Rippling Spend, SAP Concur
against: BILL Spend & Expense, Brex, Emburse, Expensify, Navan, Ramp, Rippling Spend, SAP Concur
GLM 4.7 FlashXSAP Concur
Three alternativesAirwallex, Navan, Ramp
SAP ConcurHeld
Three alternativesBrex, Ramp, Rippling Spend
SAP Concur
Six alternativesBrex, Coupa Expense Management, Emburse, Navan, Ramp, Rippling Finance
Ramp
Two alternativesExpensify, Navan
against: SAP Concur
no first choiceagainst: Chrome River, SAP Concur
MiniMax M2.5Oracle NetSuite, SAP Concur
Two alternativesEmburse, Expensify
SAP ConcurChanged
Two alternativesBrex, Expensify
SAP Concur
Six alternativesBrex, Emburse, Expensify, Navan, Ramp, Rippling Spend
BILL Spend & Expense, SutiExpense
Two alternativesAirbase, Spendesk
against: SAP Concur
no first choiceagainst: Brex, Ramp
Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency. Full answer text is in the free responses file. Download the record
Seventy-two rows: every prompt, every model, every answer.
PromptModelVersion stringTime (UTC)SearchedSourcesLatency
Direct recommendationClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 09:09yes149 s
Direct recommendationGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 07:30yes45 s
Direct recommendationGemini 3.5 Flashgemini-3.5-flash2026-10-01 10:10yes1319 s
Direct recommendationPerplexity Sonarsonar2026-10-01 11:14yes193 s
Direct recommendationGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 08:14yes2310 s
Direct recommendationMistral Smallmistral/mistral-small via mistral2026-10-01 09:16yes178 s
Direct recommendationDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 10:30yes2134 s
Direct recommendationLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 08:10yes52 s
Direct recommendationQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 10:57yes726 s
Direct recommendationKimi K2moonshotai/kimi-k2 via novita2026-10-01 10:05yes1020 s
Direct recommendationGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 07:58yes14262 s
Direct recommendationMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 09:43no08 s
ParaphraseClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 11:08yes97 s
ParaphraseGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 09:15yes35 s
ParaphraseGemini 3.5 Flashgemini-3.5-flash2026-10-01 10:06yes1021 s
ParaphrasePerplexity Sonarsonar2026-10-01 09:37yes183 s
ParaphraseGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 09:54yes236 s
ParaphraseMistral Smallmistral/mistral-small via mistral2026-10-01 09:53yes55 s
ParaphraseDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 09:14yes2428 s
ParaphraseLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 10:23yes54 s
ParaphraseQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 11:25no027 s
ParaphraseKimi K2moonshotai/kimi-k2 via novita2026-10-01 08:00yes1919 s
ParaphraseGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 09:55yes2014 s
ParaphraseMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 08:19yes1035 s
ComparativeClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 10:13yes98 s
ComparativeGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 08:39yes46 s
ComparativeGemini 3.5 Flashgemini-3.5-flash2026-10-01 10:26yes1729 s
ComparativePerplexity Sonarsonar2026-10-01 09:29yes205 s
ComparativeGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 10:03yes2311 s
ComparativeMistral Smallmistral/mistral-small via mistral2026-10-01 10:40yes2312 s
ComparativeDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 08:07yes2373 s
ComparativeLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 10:55yes52 s
ComparativeQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 11:11yes2043 s
ComparativeKimi K2moonshotai/kimi-k2 via novita2026-10-01 11:19yes1521 s
ComparativeGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 08:33yes1544 s
ComparativeMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 09:41yes1427 s
Budget constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 09:11yes159 s
Budget constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 09:39yes46 s
Budget constrainedGemini 3.5 Flashgemini-3.5-flash2026-10-01 09:02yes2639 s
Budget constrainedPerplexity Sonarsonar2026-10-01 10:49yes203 s
Budget constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 08:14yes208 s
Budget constrainedMistral Smallmistral/mistral-small via mistral2026-10-01 10:25yes136 s
Budget constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 10:04yes2029 s
Budget constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 07:48yes51 s
Budget constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 07:49yes22134 s
Budget constrainedKimi K2moonshotai/kimi-k2 via novita2026-10-01 09:03yes2131 s
Budget constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 09:26yes2279 s
Budget constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 08:08yes1746 s
Scale constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 10:40no06 s
Scale constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 10:32yes47 s
Scale constrainedGemini 3.5 Flashgemini-3.5-flash2026-10-01 10:10yes927 s
Scale constrainedPerplexity Sonarsonar2026-10-01 11:14yes185 s
Scale constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 09:46yes209 s
Scale constrainedMistral Smallmistral/mistral-small via mistral2026-10-01 10:29no09 s
Scale constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 10:38yes2056 s
Scale constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 10:58yes54 s
Scale constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 08:39no036 s
Scale constrainedKimi K2moonshotai/kimi-k2 via novita2026-10-01 11:24yes1833 s
Scale constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 09:02yes1835 s
Scale constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 09:28no010 s
Negative framingClaude Haiku 4.5claude-haiku-4-5-202510012026-10-01 09:00yes1612 s
Negative framingGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-01 10:29yes46 s
Negative framingGemini 3.5 Flashgemini-3.5-flash2026-10-01 08:29yes1425 s
Negative framingPerplexity Sonarsonar2026-10-01 09:48yes247 s
Negative framingGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-01 07:54yes209 s
Negative framingMistral Smallmistral/mistral-small via mistral2026-10-01 08:00yes108 s
Negative framingDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-01 10:23yes2460 s
Negative framingLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-01 10:05yes52 s
Negative framingQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-01 09:55no032 s
Negative framingKimi K2moonshotai/kimi-k2 via novita2026-10-01 09:02yes1851 s
Negative framingGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-01 10:52yes2329 s
Negative framingMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-01 10:54yes735 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

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Category-scoped readings
Bill.com read as BILL Spend & Expense
Certify read as Emburse
Coupa read as Coupa Expense Management
Coupa Expense read as Coupa Expense Management
Divvy read as BILL Spend & Expense
Divvy (by United) read as BILL Spend & Expense
Emburse Expense Enterprise read as Emburse
Emburse Expense Enterprise (formerly Chrome River) read as Emburse
QuickBooks Enterprise read as QuickBooks Online Expenses
QuickBooks Expense Management (standalone) read as QuickBooks Online Expenses
QuickBooks Online read as QuickBooks Online Expenses
Rippling read as Rippling Spend
Workday Expenses read as Workday
Unresolved, counted raw
Airwallex Spend
Brexp
Coupa Spend Management
EmLedger
Emburse Nexonia/Emburse Enterprise
NetSuite Expense Reports
Oracle Fusion Expenses
QuickBooks-centric expense tools
Siebel CRM
Submittable
Workday Adaptive Expenses
Discontinued, still offered
No shut-down product was recommended here.
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