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After talking to many Finance teams, we know that one of the most time-consuming activities you face in the expense management process is reminding the employees to submit their expenses and approvers to approve them. It involves manually emailing or contacting employees separately, asking them to submit the expenses, and following up with them again to ensure they did.
There are a few problems with that
We solved all of these problems with a simple solution - automated reminders. Built right into the Fyle platform, it automates your reminder alerts, so you do not have to send out reminders again manually.
As an admin, you can use the Reminders feature to schedule automatic reminders for employees and approvers regarding their tasks on Fyle. Simply go to the organization settings, and click on "Notifications" under the account settings. Here, you can set up multiple reminders for various tasks.
The reminders can be scheduled to be sent weekly or monthly to the employees. You can choose the day or date and time for when you want the reminder to be sent. You also have an option to add a custom message of your own. These reminders will be sent as emails and can also be added to their calendars. That's it! Fyle will now send out all your reminders automatically, and you will not have to send out any more manual reminders.
To make things even easier for you, we've made the reminder emails more interactive. With dynamic reminders, you can submit:
The expenses you've selected will be submitted as an expense report to your manager for approval. After reporting the expenses, if you have any draft reports in your account, you can submit those as well - without ever leaving your Gmail inbox!
Our objective at Fyle is to make expense management painless and easy for employees and Finance teams. We do all the heavy lifting while you can focus on other critical tasks. Something as simple as automating reminders can save you hours and manual effort. Feel free to schedule a demo with us to learn more about Fyle.
After talking to many Finance teams, we know that one of the most time-consuming activities you face in the expense management process is reminding the employees to submit their expenses and approvers to approve them. It involves manually emailing or contacting employees separately, asking them to submit the expenses, and following up with them again to ensure they did.
There are a few problems with that
We solved all of these problems with a simple solution - automated reminders. Built right into the Fyle platform, it automates your reminder alerts, so you do not have to send out reminders again manually.
As an admin, you can use the Reminders feature to schedule automatic reminders for employees and approvers regarding their tasks on Fyle. Simply go to the organization settings, and click on "Notifications" under the account settings. Here, you can set up multiple reminders for various tasks.
The reminders can be scheduled to be sent weekly or monthly to the employees. You can choose the day or date and time for when you want the reminder to be sent. You also have an option to add a custom message of your own. These reminders will be sent as emails and can also be added to their calendars. That's it! Fyle will now send out all your reminders automatically, and you will not have to send out any more manual reminders.
To make things even easier for you, we've made the reminder emails more interactive. With dynamic reminders, you can submit:
The expenses you've selected will be submitted as an expense report to your manager for approval. After reporting the expenses, if you have any draft reports in your account, you can submit those as well - without ever leaving your Gmail inbox!
Our objective at Fyle is to make expense management painless and easy for employees and Finance teams. We do all the heavy lifting while you can focus on other critical tasks. Something as simple as automating reminders can save you hours and manual effort. Feel free to schedule a demo with us to learn more about Fyle.
Only people who have dealt with a travel expense report know business travel doesn’t always mean business class flights and fancy restaurants.
Employees, managers, travel managers, and Finance teams juggle with multiple things to ensure business trip expenses are within the specified budget and comply with the travel and expense policy laid out by the company.
A travel expense software makes management of per diems, trip budgets, mileage, and trip expense reports easy for all the stakeholders involved. In this article, we list the top reasons why businesses should switch to a travel expense software to manage business travel expenses.
A travel expense software helps employees and managers streamline and automate all business travel-related expenses like cash advances, hotels, flight bookings, per diems, and employee travel reimbursements.
A modern travel expense software also helps Finance teams gain real-time visibility and complete control over business expenses. Read on to understand how your business can benefit from a travel expense software.
Business travel is not all fun. It requires stakeholders to do a host of research and work even before the business trip.
Additionally, there is a high chance of non-compliance or even deliberate expense report fraud in case:
This is where a travel expense software can help.
SUGGESTED READ: How to detect and prevent expense report fraud
Travel expense management is a complicated process for employees, managers, and finance teams alike. It involves hours of either manual entry and compilation of expense receipts and expense reports or manual verification and approval of submitted business expenses.
A travel expense software helps cut costs, save time, and provide valuable insight into expense data that can be used to further streamline your organization’s corporate travel management. Let’s dive deeper.
Problem: Travel expenses occur even before the trip does. Therefore, employees are issued cash advances for travel and accommodation bookings.
Travel bookings are generally either done by the traveler (employee) or the travel manager. In either case, your employees, manager/approver, and travel manager must understand your travel and expense policy, preferred vendors, and budget allocations. Additionally, the travel booking preferences and booking confirmation back-and-forths, all happen during billable hours.
Solution: A travel expense software automates this process and allows the employee to directly raise trip requests and submit a list of preferred vendors to the travel manager. This can then be forwarded to travel vendors for booking.
Once the details are in place, the vendor sends the trip request back to the approver/traveler for confirmation. Travel bookings can be confirmed immediately on approval.
Fyle offers 360-degree trip reports that bring all business expenses incurred for a particular business trip/project under one single trip report.
SUGGESTED READ: How to use Fyle as a travel approval software
Problem: Traditionally, traveling employees save receipts for all business expenses so they can fyle for travel reimbursement post-trip.
Safekeeping of receipts, ensuring expense policy compliance, and submitting the expense report on time is much unproductive work for your globe-trotting employees. This can be especially hard in case of sudden changes in the itinerary.
Solution: A travel expense software makes it easy for employees to track, scan, and save business expense receipts - from wherever and whenever.
Once the trip is finished, your employees can submit their travel expense reports with just a click. The ease that an expense reporting software brings to traveling employees saves them a lot of frustration, time, and hours.
Fyle allows employees to send business expenses to expense reports from within everyday apps like G-Suite, Outlook, WhatsApp, text message, slack, and many more.
SUGGESTED READ: Five ways to make expense reporting easier for employees
Problem: One can not always be expected to remember the nuances of their company’s corporate travel and expense policy.
Employees can sometimes forget what expenses qualify as business expenses or spending limits, and managers or Finance teams may sometimes miss fraudulent or out-of-policy expenses. This puts the organization and the traveler at risk with the tax authorities.
Solution: A travel expense software comes with a robust policy engine that detects and prevents any non-compliant expenses from even being claimed.
In cases where the employee submits an expense despite automatic flagging, the expense is sent to a reviewer to validate the expense. This prevents any fraudulent expenses from being fyled.
Fyle’s policy engine automates and enforces policies on anything your organization might need. It also maintains a digital audit trail that helps track actions taken on every single expense.
SUGGESTED READ: Check expense report frauds with Fyle
Problem: Finance teams are tasked with manually verifying receipts with expense claims, ensuring expense policy compliance, and processing travel reimbursements.
In cases of non-compliant expenses, the report is sent back to the traveler for rectification or justification. Finance teams also have to check and weed out out-of-policy expenses, or fraudulent expense claims. This time-consuming task ultimately results in delayed travel reimbursement, which takes a hit on employee morale.
Solution: A travel expense software ensures real-time policy compliance by raising flags for any non-compliant expenses or expense reports at the source of expense creation itself. This allows travelers to rectify errors without the Finance team having to chase them. This saves a lot of time and effort for all the stakeholders involved in the process.
Also, when it comes to travel booking research or employee travel reimbursements a travel expense software automates the entire process of travel expense reporting while ensuring real-time expense policy compliance and audit readiness.
Further, a T&E software allows approvers to initiate multiple transactions to different employee bank accounts from the centralized expense management dashboard.
Fyle’s travel reimbursement features allow approvers and Finance teams to track the transaction status of any expense reimbursement right from the dashboard. This allows for an overall view of all business expenses that can help Finance teams gain sight of the larger picture.
SUGGESTED READ: Balancing expense policy compliance and happy employees
Here’s a list of excellent reasons why you should consider Fyle as your travel and expense management software:
Fyle’s innovative and employee-friendly expense reporting features make travel and expense management a breeze! In the words of the folks at IDC,
“Fyle is intelligent, employee-centric, scalable, and delivers significant value to growing businesses without any impact on user experience and quality of support.”
Ready to upgrade your T&E management? Schedule a demo with us today!
The average business trip costs over $1,293, and that cost is expected to increase. Plus, travel is one of the hardest expense categories for business owners and managers to control.
To add to the problems, some people call travel expense report fraud the "gateway" to even bigger things. Employees who migrate to more significant scams typically begin by dabbling in travel expense report fraud.
When was the last time a travel expense audit was conducted to check for things like expense report fraud?
Interested to learn more about travel expense audits and some of the best practices for mitigating fraud? Here's a guide that breaks it down for you.
When employees travel, they spend money on things like hotels, airfare, meals, coffee, and other travel-related needs. They save their receipts and either input them into a shared virtual space or save them to submit when they return from traveling.
A travel expense audit focuses on the approval of those reimbursement items. It also analyzes the adequacy of supporting documentation provided by the employees.
Sometimes a company realizes they're losing too much in petty cash. Often, there are too many discrepancies in the reported expense numbers. It could be due to a misunderstanding of the company's travel and expense policies, or it could be as a result of reimbursement fraud.
A travel expense audit helps you find out what’s hurting your bottomline. A to-do checklist can help you make sure all the right steps are being followed.
SUGGESTED READS:
The how-to guide to building a corporate travel policy
Guidelines to create an effective travel reimbursement policy
Expense reimbursement policy best practices for your business
Evaluate your overall internal control environment
Take a look at the way expenses your organization handles business expenses. This includes pre-authorizations, approvals, and the final review. Also, ensure different employees perform different tasks. For instance, travelers should never be permitted to approve their own business expense claims.
Assess the effectiveness of your current processes
Ensure you tailor your operations to fit your organization and its needs. For example, if travelers get to approve their own expenses, it's a red flag for ineffectiveness. Your current process should be prepared to tackle both present and future scenarios.
Test selected reports in detail
Going through all the reports may be time consuming and laborious. You can select reports and go through them thoroughly. This might be an excellent exercise to pinpoint the most compelling parts of your processes. Detailed testing can also help you identify if travel expenses made by employees always serve business purposes.
Analyze your travel and expense (T&E) policies
Your travel and expense policies must be concise with a clear set of guidelines. This ensures those involved in the expense reporting process have clearly defined roles with no crossover. A comprehensive T&E policy can help avoid reimbursements of fraudulent expenses or misrepresented expenses.
SUGGESTED READS:
What is Travel and Expense Policy?
How can expense policy compliance benefit your business?
Things to consider while designing an expense approval workflow
A guide to streamline your travel request approval workflow
Too many businesses avoid travel expense audits because they're time-consuming and extensive. However, by using better tools, you can make the process easier and more efficient.
Travel expense audits are vital for cutting costs. They also ensure that all employees are compliant with travel and expense policies.
More importantly, internal audits serve as the primary way to recognize and prevent fraud. A rigorous system for operations and internal controls can help detect fraud and accounting irregularities.
Audit procedures are the methods (or steps) performed by auditors to get all the information they need. They then use this information to form a report. The report reveals whether or not it represents a clear and fair view of the financial position of the company or sector in question.
A travel expense tracker, for example, is an excellent way to combat multiple reimbursements.
It is essential to follow a set procedure for a travel expense audit. Having a well-defined and well-communicated procedure helps prevent confusion and chaos within teams or processes. It also supports all stakeholders to understand their role in the process. This helps everyone stay informed and proactive.
Audit procedures include:
In an analytical review, an auditor analyzes whether or not financial information is materially sound. They'll do so by matching up records with receipts. This is where having well-documented receipts and expense reports come into play.
Here an auditor can interview employees if they find anything fishy. For example, if an employee always eats at the same restaurant, or entertains the same "clients." The auditor in this case can ask how all of those meals are business-related.
Here, the auditor can inspect and analyze the company policies. Using these findings, they can determine how strict supervisors are in making sure travelers follow them. This is where most businesses end up running into trouble with the IRS.
This is where the auditors will recalculate and inquire until all financial irregularities are accounted for. Remember, as processes become more refined and stable, audits can occur less frequently too.
A recent study suggests, nearly 1 in 5 occupational fraud involves expense reimbursement. What’s saddening is these whopping numbers show up despite over 80% of companies stating audits are necessary. Don't play around with your business' money.
No matter how much you trust your employees, there could still be glitches or dishonesty that's costing you. Some ways in which individuals exhibit fraudulence are:
In addition to performing regular audits, here are some hacks to avoid expense fraud:
Another helpful tip is to use an expense management software that captures all employee spending using mobile-based receipt data extraction. These advanced apps use technology like OCR (Optical Character rRecognition), that help eliminate the task of manual data entry. As a result, there will be fewer human-prone errors too.
SUGGESTED READ:
How to detect and prevent expense report fraud
Your business can mitigate fraud and ensure compliance by performing regular audits and following the best practices of the industry. But if done manually, this process could cost you time, money, and effort. A more effective and easier way to ensure your bottom line is covered with minimal manual intervention is by using an expense management software.
When you incorporate an expense management software, all stakeholders stand to benefit.
Happy employees at the workplace mean an increase in employee productivity and morale. This has proven to be a winning formula for any business aiming to scale.
Are you curious to know how we can help increase employee productivity while also streamlining your expense management? Get in touch with us today by scheduling a demo!
Dear Small Business Owner,
There are 4 things you need to know about expense reporting:
Sincerely,
Every finance team ever.
Even a small team incurs business expenses like transportation, meals, travel, and other incidentals essential for business operations. It is vital to record these expenses and have accurate reports of the same. We’ll tell you how to create an expense report in under 5 minutes and ways to make it easier too.
SUGGESTED READ:
What is a T&E report and why is it important?
Simple, you can just google it. You’re spoilt for choice when it comes to easily downloadable options. In fact, you can even find expense report templates in Microsoft Excel.
But is a generic template off-the-internet the best choice for your company?
This checklist can be a start, but you should tailor your expense report to fit your business’s needs. If you don’t, it becomes an unproductive, time-consuming task for all stakeholders involved.
A to-do list for employees:
A to-do list for finance teams:
That’s a lot of chasing and back and forth for a simple report.
Enter Expense Management Automation. Enter Fyle.
Fyle helps you save your crucial productive hours to tend to other daunting business tasks.
In recent years new technology has not only made expense reporting and processing easier for employees, but it has also made it much more efficient and cost-effective for employers. A modern expense management solution is a must for any business that wants to ease the burden of tracking and reporting expenses for employees. Additionally, you need to make sure your business isn’t overpaying for fraudulent or non-compliant expense claims.
SUGGESTED READS:
Benefits of online receipt management over traditional methods
How to achieve faster reimbursements for travel expense reports?
How to manage receipts to ensure your team is always audit-ready?
We’ll just let our mission statement do the talking here.
“We’re creating a receipt management and expense reporting suite so good that you never have to think about managing business expenses, ever.”
The numerous ways in which Fyle allows reporting is a small testament to the sincerity of this statement.
Got a paper receipt?
Got an e-receipt?
Got multiple receipts?
Fun Fact: One of our users once fyled 2609 expenses in a single go!
Traditionally, once you have uploaded all your receipts, you would then need to match the expenses to corresponding projects or categories manually. Once this is done, you would have to stitch them together to create and submit an expense report.
But Fyle handles this as well for you. Once you have matched the expenses, you can simply save or submit your expense report for approval.
On creating the expense report, it can be sent to the approver for approval. Fyle also runs real-time policy checks on all submitted expense reports to detect and flag duplicate and fraudulent expense claims. We also flag and notify both the user and the approver in case of a policy violation.
With Fyle as your expense reporting software, you can make a historically time-consuming task like expense reporting, a breeze.
Don’t believe us? Allow us to demonstrate. Schedule a demo now!
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If you’re a growing business, the move towards getting a corporate credit card becomes a necessity. This small plastic card gives businesses higher power and convenience in managing business expenses and more.
While all of this makes the corporate card seem like a boon, it also has a downside to it. If managing business expenses is a challenge for your business, chances are you also face challenges in your corporate credit card reconciliation process. These processes, if not handled efficiently, can cause financial leaks. This can prove detrimental to the health and growth of your business.
Below, we will discuss:
SUGGESTED READ:
How to select a Corporate Credit Card program for your business
Making a payment for your credit card statement without a second glance may not be the wisest thing to do. Big financial institutions make mistakes too, and it can end up costing you a lot more than what you should be paying.
The reconciliation process starts when a business receives charges for their expenses. The expense details are then manually matched to the company’s internal finance record to look for any discrepancies.
This process ensures:
Reconciliation, as we know, involves the process of matching expenses with your internal finance record. But how do you go about the entire process?
Receipts are proof of expenses. It comes in several forms and helps account for money spent. A purchase made using a credit card comes with an invoice given to the customer at the time of sale. These receipts should be collected from all the cardholders and stored for future reference.
Pro tip:
Paper expense report forms, Excel sheets, and receipt scanners are the different ways that companies use to store the details of their business expenses.
With the receipts in hand, finance teams can now match credit card statements to reported business expenses. Businesses can do this with the help of any preferred system for reconciling.
Pro tip:
Ensure that other than fees and interest charges, there shouldn't be any other unmarked items in the credit card statement.
There are always chances of error, either with or without intention. These errors can be corrected if you notify your bank at the earliest. Ensure timely action by reporting any unauthorized activities or fraudulent behavior.
Some examples of commonly occurring errors with card reconciliations are:
SUGGESTED READ:
How to manage receipts effortlessly (For the modern employees)
Most companies reconcile credit card expenses with paper-based and spreadsheet-driven methods. This process is not only inefficient but also forces employees to put in long hours of manual labor. This, in the end, only results in more inefficiencies and loopholes in the process. Given below are some challenges that can hinder your finance team’s progress:
For employees, reconciling corporate credit card expenses means entering data without making an error. Even a single missing number or double entry can put the employee's reimbursement on hold. Also, routinely submitting expense reports to get back their own money can affect employee happiness.
For finance teams, inaccuracy and inefficiencies in the credit card reconciliation process make the company vulnerable to financial exposure. Also, the traditional methods of reconciliation include a high-involvement of employees but do little to remove human-prone errors.
In case an employee uses the card for personal expenses, there needs to be a way to flag violations accurately. When matching the expenses with the bank statements, the finance team has to identify and address personal expenses. While reconciling, finance teams also have to make sure that there are no errors made by the vendors or credit card issuers.
Corporate credit cards have helped revolutionize the speed and efficiency of payments in businesses. But this also implies a high volume of transactions. With the ever-growing number of transactions, the chances of missing human errors, duplicate submissions, and inaccurate information also get higher.
Along with multiple card programs for various employees, departments, and categories, all the data needs to be pulled and managed under one tab. Your accounting team has to sieve through all the transactions and reconcile one-to-one and one-to-many transactions. This can prove to be a costly and cumbersome expense for your company and employees.
According to a survey conducted by Ernst & Young,
Financial departments spent up to 59% of their resources on managing transaction-intensive processes. Of this, 95% of the effort goes into transactions that are already matching rather than with entry-related problems.
The traditional approach to credit card reconciliation offers no quick and coherent method to find policy violations. Employees have to painstakingly go through every transaction to make sure expenses are following the company's travel and expense policies. This further adds to the delay.
Whenever an employee uses the company's credit card for personal expenses or overspends, there is no way of getting notified unless checked manually. Additionally, a loose policy framework coupled with weak enforcement of T&E policies can misinform employees and cause unauthorized purchases. This also increases the chances of fraud and claims to multiple duplicate expenses.
The manual corporate credit card reconciliation process is time-consuming, costly, and laborious. Additionally, if not done right, it can pose a huge threat to the financial health of your business. The modern approach to ensure a high benchmark of accuracy and efficiency is by implementing an automated expense management software .
Opting for an automated solution over a manual system can help your business overcome these challenges:
Your team (employees and finance teams) end up wasting a lot of time manually inputting, verifying, and approving business expenses. Sadly, irrespective of all the time and effort they put in, duplicate and fraudulent entries still slip by. You can negate this by using a software that eliminates manual data entry and manual data verification.
An expense management software gives the ability to extract transaction details from the receipts virtually. Hence, expenses can be submitted, approved, processed, and reimbursed, all without the need for manually entering details. Therefore, the chances of human error and human bias also drastically reduce.
With an expense management software, all receipts and bank statements are automatically matched and reconciled within a few clicks. This saves the accounting team from having to verify and approve large quantities of transactions manually.
Additionally, an expense management software helps:
Integration with an automated solution helps ensure that all stakeholders remain compliant at all times. A TEM software makes sure the expense policies and guidelines set by the company are in alignment with every expense report claim submitted by an employee.
In the case of a policy violation, an automated expense management software will:
Implementing a robust expense management software can save valuable time and can quickly help identify and rectify errors. It also ensures the company stays ahead with its audit and tax filing. Lastly, it works as an active catalyst in increasing employee compliance.
The credit card reconciliation process consists of several phases and processes. These processes need to be followed to the dot to avoid any execution errors. Having a clear view of roles and responsibilities helps teams to stay prepared.
Additionally, all stakeholders are well-aware of the process, rules, and consequences of not following them. This ensures transparency across the company.
The corporate credit card reconciliation process is a crucial task for understanding the financial standing of a company. It is also a necessary process to check if your employees are indulging in any fraudulent behavior. Lastly, it helps identify and solve credit card errors and settle disputes with banks and vendors, if necessary.
Manual, paper-based methods can become a complicated procedure involving government policies and your employee’s time and money as well. But this is a tedious and time-consuming process that can be eased by the use of technology.
Do you want to upgrade the way your business reconciles credit card spends? Fyle comes equipped with features like automated reminders, duplicate detection, and card transaction reversals to make the reconciliation process seamless.
Schedule a demo today to make expense management easier, faster, and accurate for all the stakeholders!
Does your finance team have a trusted credit card management system to manage all employee corporate credit card expenses effectively?
Corporate credit card usage is on the rise due to its ease of use. With these cards, employees no longer need to worry about using their own money for business expenses. But with these cards, it becomes all the more critical to effectively track, monitor, and stay on top of things. If ignored, it can rack up extra chores for the entire team. Even worse, it could severely affect your company's bottom-line due to prolonged financial leaks.
But how does one go about picking the right credit card management system for their business?
In this article, we talk about how Fyle as an expense management software can help your finance team tackle challenges related to credit card management and more. Let's dive in!
Credit cards as a payment method have their own set of pros, but keeping track of spending can be difficult. Even a simple task can become demanding, taking up time and effort from your finance team and employees. Traditional methods for managing credit cards, bring with them a set of challenges that could pose a threat to the financial productivity of your business. Here’s why:
SUGGESTED READ:
Best Practices to manage Corporate Credit Cards
Fyle has several features that can help you ease your corporate credit management woes. Our automated solution makes sure all the monotonous routines around expense reporting and corporate card management are taken care of. This spares extra time for your finance team to do more intuitive work and put their skills to better use. This also increases productivity and boosts the morale of your team as well.
Fyle as your credit card management system can help you achieve multiple goals in a short period. Here’s a look at some of them:
Irrespective of whether you’re a small business with few cardholders or a large enterprise with multiple cardholders, Fyle allows you to manage all your corporate credit cards with ease. Once your organization’s card feed is set-up, you can easily assign your company’s credit cards to your employees. Additionally, your finance team can also track and monitor all assigned and unassigned cards. This provides for a wholesome approach to effectively managing business credit card expenses.
On assigning cards to users, all the expenses incurred will be directly reflected in your Fyle account. The finance team can then view all the payments made using credit cards. They can also see which of the corresponding expenses are yet to be reported. Additionally, the team can filter and view expenses for desired timelines. Lastly, finance folks can also customize and send timely reminders to employees to match their expenses on time.
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When multiple employees are assigned to various credit card providers, tracking all the transactions in their bank feed can be a demanding task. Fyle takes care of this problem by syncing all your corporate credit card details with direct bank feeds. By integrating directly with the bank providers, you can expect to get a clean feed in real-time. Additionally, we provide a reliable data flow of all your corporate card expenses. This ensures complete protection over your company’s bottom-line.
Sometimes a merchant may unintentionally charge twice for a purchase made through the corporate’s credit card. While it may not be a significant loss, it is necessary to make a note of for accounting purposes - duplicated charges can cause confusion and imbalanced records.
At Fyle, we understand finance teams can easily miss transaction reversals, leading to accounting errors. This is why we created our feature that seamlessly matches every expense to its corresponding transactions.
Pro-tip:
In cases of extra charges, employees need to support their claim with the help of receipts and relevant expense entries.
With a better credit card management system in your hand, you can stay prepared for the tax season as well as for audits. Fyle makes sure that your finance team stays ready without rushing or worrying at the last minute. Our expense management software comes loaded with features that can help your finance team tackle the challenges of accounting. Here are few such instances:
Choosing to handle your corporate credit cards in the old-fashioned way brings numerous challenges tied to it. You may have cards from multiple card providers to suit your needs, but tracking its usage through disparate systems becomes a whole other problem. When you do not own a centralized software to track all cards, identifying assigned cards can be confusing as well. Additionally, when it comes to staying audit-ready, tasks such as reconciliation can become taxing on your finance team.
At Fyle, we understand the challenges that come with managing corporate credit cards for your business. Thus, we have come up with features that will ease the burden on your finance team. This means automating mundane tasks, easy integration, providing direct bank feeds, and matching expenses accurately. With our features available at your disposal, your finance team’s productivity can be optimized and enhanced to help meet business goals.
Want to know more? Schedule a demo with us today to see how Fyle magic works!
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