Divvy Alternatives & Review

Divvy Alternatives & Review

Who should use Divvy?

Divvy is primarily focused on corporate credit cards and reimbursements, so companies looking for access to a quick, online approval for credit or an expense reimbursement tool may find that Divvy is a good fit. 

If rewards on cards are important to you, you may also find Divvy’s cards useful. Keep in mind, though, that the real possibility of spending over your budget will likely outweigh the benefits of your rewards. 

Pros of Divvy: 

  • Free expense and budget management software
  • Physical and virtual cards which can be issued and funded instantly
  • Real-time visibility into tracked spend

Cons of Divvy:

  • Limited integrations 
  • No payroll processing or investment tracking
  • The analysis tools are free, and only provide high-level overviews 

Who is a good fit for Lola.com?

Lola.com is the spend management solution that saves you time on budgets, expenses, and travel. Lola.com is a good fit for finance teams that want to:

  1. Quickly deploy corporate cards across their company
  2. Empower their budget-owners to manage their own budgets
  3. Control spend before it happens with budgets
  4. Eliminate expense reports
  5. A fully integrated travel management platform
  6. Use monthly cash balances rather than a credit line to pay for expenses

Divvy versus Lola.com checklist

Divvy Review

Now that you have an overview of what Divvy offers, let's dive deeper into exactly how it simplifies the spend management process and where it's lacking. 

What is Divvy?

Divvy is a credit card provider and expense management software for small businesses. They provide physical and virtual cards, reporting software, and integrations into common finance and accounting software. 

Divvy software categories

Divvy falls into the expense management category on G2, and their top categories on Capterra are spend management, accounting practice management, billing and invoicing, bookkeeper, expense report, financial reporting, time and expense, and travel management. 

Similar products to Divvy include Concur, Expensify, Zoho Expense, Certify Expense (by Emburse), and TripActions

Does Divvy help you control spend?

Employee expenses

Yes. Divvy allows users to set enforceable budgets by employee, by card, or by budget category. 

You can give employees access to physical and virtual cards. For physical cards, your finance team can set top-level expense limits, as well as budget category limits.

To mitigate the risk of category expense overages, Divvy allows their customers to issue virtual cards specific to a purchase or category (like airline travel or software spend). 

Divvy customers can issue virtual cards on an unlimited basis, instantly, and set or change limits within the Divvy platform. Employees can also submit expenses for funding via the desktop or IOS app on iPhone or iPad, which are sent to approvers via instant push notifications. 


Yes. You can upload invoices to Divvy for automatic recognition and payment via ACH, or you can load them manually. 

Budget owners can submit invoices for approval, and then admins are notified to approve them to be processed. Invoices can be assigned categories and managed with budget limits. After approval, payments are processed within 4 business days. 

If a budget owner submits an invoice without available budget in that category, the request will be rejected. If the funds to pay invoices aren’t available, Divvy stops them from processing via backend automation. 

One quick note: Divvy won’t send physical checks, only ACH payments. Any physical checks will need to be managed manually. 


No. Divvy allows for expense reimbursements through your payroll system, but you’ll need to manage your actual payroll through one of those platforms. Today, Divvy integrates with QuickBooks and Netsuite (this integration is in beta).


Sort-of.  If your landlord or property manager requires physical checks, you won’t be able to process them via Divvy. 

If you can pay rent via card or ACH, then you’ll be able to use Divvy bill pay to submit your invoices and process rent payments. 

Similar to the invoices feature above, rent payments can be categorized, budgeted, automated, and approved by admins before they’re paid. 


No. Divvy doesn’t measure investment returns, or the ROI on non-traditional investments


Yes. Divvy allows admins to set budgets at the company, department, project, and card level. 

Virtual cards can be made specifically for individual vendors, amounts, or categories. For physical cards, you’ll need to set card-level budgets and use proactive approvals to ensure employees aren’t spending on improper categories, but Divvy provides an automated approval workflow through their web and mobile apps. 

Net cash flow

No. Divvy will roll up all of your expenses and provide some visibility into what has been paid and what hasn’t, but you’ll need to rely on your bookkeeping system to track cash flows. 

Does Divvy give you visibility into spend? 

Divvy’s primary business is corporate credit cards, so their free reporting tools can be a bit simplistic when it comes to real insights. Keep that in mind as we walk through the categories below. 

Employee expenses

Yes. You can view reporting for individual employees, as well as their transactions and any budgets assigned to them.  These reports are filterable by time period, but not much else. You can export the raw data to excel for further slicing and dicing. 

Image from Software Advice


Sort of. Invoices (Bill Pay) can only be analyzed in Divvy if they’re allocated to a specific budget. 

If you want to create reporting specific to invoices, you’d need to export a list of your invoices to excel and create your own manual reporting or use the reporting features in your accounting platform. 


No. Divvy doesn’t process payroll, so you’ll need to track payroll expenses in the software you use to pay your employees. 


Sort-of. Divvy doesn’t provide reporting specific to Rent payments, but if you’re paying rent via Divvy Bill Pay or tracking it manually via expense reporting, you’ll be able to assign rent to a specific budget and then view that budget in real-time. 


No. Divvy does not track investments or provide reporting on returns. 


Yes. Divvy gives you real-time visibility into your progress against each of your budget categories, including past/expired budgets. You can view these budget indicators at either the company or the employee level. 

Here’s what that looks like: 

Image from Software Advice

Net cash flow

No. Divvy does not provide reporting on the net cash position of your company. Their reporting is limited to expenses tracked through the platform, as shown here: 

Image from Software Advice

Does Divvy help you analyze spend?

Divvy’s analysis is limited to totals over time (at the total company level and the employee level), and tracking against budget limits. Customization is limited in their reporting. 

The tool is user-friendly, but to really understand trends in specific categories, budgets, vendors, or other insights, you’ll need to export your expense data and process it manually in excel or an analytics tool. 

Divvy does not offer any tools to assist with analysis of payroll, investments or net cash flow. 

Employee expenses

Sort-of. You can see the overall trend and roll-up for employee expenses in Divvy’s dashboard, but to drill down into expenses and see charts by category, you’ll need to export the data and analyze it manually. 


Sort of. You can see how your invoices track against their budgets, but to see spend over time by vendor or drill down into any really insightful analysis, you’ll need to export your transactions or analyze elsewhere.  


Sort of. Rent can be viewed as a budget category in Divvy, but budget reporting is fairly basic and only shows progress against the total. 


No. Divvy doesn’t allow you to report on budget trends, compare different budgets, or filter budget reports within the tool. . 

Does Divvy work well with the rest of your software?

Accounting & ERP integrations

Divvy integrates with QuickBooks and Netsuite (beta). They don’t yet integrate with Xero but expect to in the future. 

The one-way QuickBooks integration allows you to map accounts and sync data automatically and manually from Divvy to QuickBooks. All of this can be done from inside the Divvy web app, at no additional cost. 

The one-way Netsuite integration is currently in beta but is expected to provide the same functionality as the QuickBooks integration. 

These two integrations are the only ones Divvy currently provides. 

Raw data exports

All transaction data you record in Divvy can be exported to excel if needed for analysis or upload into another platform. 

Divvy’s other features & benefits

Travel Management

Divvy offers a travel platform that allows you to book and pay for travel directly within the app. Employees can book flights, hotels, and rental cars and have them approved by their budget owner. 

Image source: Divvy

Divvy card

How does the Divvy card help you control spend? 

Divvy cards are integrated with their platform and limits can be set based on the employee, department, or project involved. 

Corporate cards are not funded by default. In order to make a purchase, funds need to be either approved by a budget owner or sent to the card on a recurring basis. 

Does the Divvy card eliminate the need for expense reports?

The Divvy Card integrates directly with their expense and bill pay tools, eliminating the need for most expense reports. 

Purchases can be pre-approved by a budget owner, or submitted and approved after the fact. 

Any manual purchases (those paid by check, cash, or outside of the divvy cards) will need to be manually tracked and approved. 

Can everyone have a physical or virtual card?

Unlimited physical cards and virtual cards are provided for free, and virtual cards can be issued instantly. 

Is the Divvy card a credit card, or a corporate card?

The Divvy card is a credit card, linked to a credit line based on the financial health of your business. The cards can be issued to individual employees and sync directly with Divvy’s reporting tools. 

Does the Divvy card offer rewards?

Divvy credit cards do carry rewards, which are tiered depending on how often cards are paid. Weekly settlements carry the highest rewards, and monthly payments provide the lowest rewards.

Restaurants, hotels, and software purchases provide the highest points per dollar spent, and everything else is rewarded at the same rate upon payment. 

Divvy pricing

Expense management and budgeting tools are free because Divvy is primarily a credit card provider that takes a cut of transaction fees paid by merchants. 

Divvy also charges by the user for reimbursements. Divvy currently charges $5/user for this service. 

As an optional add-on, implementation costs will vary depending on the size and scope of the project. 

What support does Divvy offer?

Divvy provides 24/7 support for paying customers, and online, business hour support for companies using their free tools. 


About the Author: Jack Moberger
As an equipment finance expert at Chain AMS, Jack specializes in helping large manufacturers arrange and manage operating and finance leases all over the world. Previously, he spent time in various finance roles at GE Aviation.