Move out of costly and inefficient expense management

Upgrade from costly and time consuming expense workflow to an automated and efficient expense management software.

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Fyle empowers you to:

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INCREASE FINANCE PRODUCTIVITY

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AUTOMATE COMPLIANCE

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STAY IN CONTROL

Digital revolution for the finance teams of innovative IT companies

Challenges with paper based process

Challenges with paper based process

Loss of precious productive hours

1. Employees doing the expenses

  • Manually fill expenses using a spreadsheet
  • To and fro for getting it approved
  • 20 mins to report on average

2. Finance processing the expenses

  • Manually verifying the expense
  • Checking for compliance, fraud and errors
  • Reconcile expenses claimed against card feed
  • Manually update in accounting softwares
  • All this can cost upto $52 per report

Lack of visibility

  • No proper tracking to check for over spending
  • Lack of transparency

Administrative errors

  • Money spent in processing a paper expense report manually costs $52 per report
  • ⅕ report submitted manually has some errors and correcting them manually takes upto 18 mins per report
  • Errors are usually caught at a later stage in the reimbursement process, coercing finance to restart and redo almost 30 days of effort

Erroneous processing of expenses

  • Out of policy expenses
  • Claim of expenses during holidays
  • Submission of duplicate bills
  • Bills from suspicious vendors
  • An average expense fraud cost upto $867 per employee
Challenges with paper based process
INCREASE FINANCE PRODUCTIVITY

Auto Reconciliations

No more manual effort to reconcile card transactions with expenses. Expenses are automatically reconciled against card feeds.

INCREASE FINANCE PRODUCTIVITY
AUTOMATE EVERYTHING MUNDANE

Real-time card feeds

With the new Visa real-time feeds, your employees can track receipts for card spend as it happens (Mastercard support coming soon). Fyle sends an SMS and Slack notification at the time of spend, and employees can reply with a picture of the receipt for automatic reconciliation.

​​Learn about Fyle's card reconciliation feature
INCREASE FINANCE PRODUCTIVITY

Auto Reporting

Liberate your employees from the mundane tasks by scheduling auto creation and submission of expense reports.

Auto Reporting
Auto Approvals
INCREASE FINANCE PRODUCTIVITY

Auto Approvals

Reduce manual back and forth. Define your conditions for approvals of expenses within certain categories or amount or from specific employees groups. Leave the rest to Fyle.

INCREASE FINANCE PRODUCTIVITY

Auto reminders

Eliminate all manual effort to remind and notify employees or approvers about their expenses and reports. Configure daily, weekly, custom reminders and choose how to notify them about any update on their expenses.

Auto reminders
Approver workflow automation
INCREASE FINANCE PRODUCTIVITY

Approver workflow automation

Remove the operational hurdles for the approvers. Configure and automate all your complex expense approval workflows.

AUTOMATE COMPLIANCE

Fraudulent claims

Catch fraud early in the reimbursement cycle. Fyle automatically flags mischaracterized, fictitious, overstated expenses including duplicates, dubious merchants, weekend or holiday expenses.

Fraudulent claims
Business rules
AUTOMATE COMPLIANCE

Business rules

With Fyle, finance teams easily enforce any business rules around expenses or employee parameters like categories, location, type of expense, etc. Furthermore, based on the level of violation, finance teams choose to cap amount, flag internally or add additional approvals. All of this before an expense is submitted for approval.

Stay in control

STAY IN CONTROL

Customized budgets

Define budgets and control costs for every project. Furthermore, when spends reach a specific limit, inform important stakeholders.

Customized budgets
Up-to-date, unified dashboard
STAY IN CONTROL

Up-to-date, unified dashboard

Get a real-time overview of the spends dashboard. A single click into any graph will present the source of data, ready to export and use.

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Efficient expense management with Fyle. Control costs and stay compliant. Always.

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