Product Marketing at Fyle. Otherwise found taking off to unknown places without a plan in mind. Run on strong coffee and strong coffee. All hearts and howlers at [email protected]

  • Five ways to make expense reporting easier for employees

    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 while also making sure their business isn’t overpaying for fraudulent or non-compliant expense claims. Here are five ways new tech can help you improve the overall employee experience by making expense reporting easier and even enjoyable for workers. Integrate expense management with email. For most professionals, email is at the center of their work life. Given that…

  • Manual corporate expense management opens the door to expense fraud

    While expense management may not seem like a strategic process for driving company efficiency and scalability, it in fact it can be. There is a new generation of AI-powered expense management solutions available to businesses of all sizes that integrate with commonly used business software that not only improve the overall work experience for employees, but can help set businesses up to scale efficiently. Have you ever asked an accountant how much time s/he spends tracking down paper receipts for employee expenses and manual data entry? Hundreds of hours per month are spent in reconciling errors in expense reports and chasing employees for paper bills and incomplete expenses. In fact,…

  • Pre-accounting and pre-compliance workflow automation with Fyle

    The era of automating pre-accounting and pre-compliance workflows

    In 2008, when we experienced the birth of the first iPhone and life as we knew it became mobile-first overnight, business software got a new lease on life. The mobile revolution brought on a massive boost to overall finance and accounting productivity — both from the perspective of employees’ end-user experience as well as businesses’ back-office functionality. Enter “pre-accounting” and the art of automating functions that typically required human intervention or manual labor. Tasks typically assigned to accounting could now be automated or decentralized across the organization and performed by non-accountants, and in most cases, by anyone with a mobile phone. At the same time, optical character recognition (OCR) solutions…

  • Enterprise expense reporting with Fyle

    How Enterprises tame expense reporting with Fyle

    Based in San Jose, California, Innovation Core SEI, the overseas research and development arm of Sumitomo Electric Group uses Fyle to reduce the hassle associated with submitting expenses. There is a new generation of AI-powered expense management solutions available to businesses of all sizes that integrate with commonly used business software that not only improve the overall work experience for employees, but help businesses scale. For Innovation Core SEI, a large number of employees are road warriors, spending 50% of their time on the road for business travel. Keeping track of reimbursable, travel-related expenses while on the go has proven to be cumbersome. Accounting and finance departments are among the…

  • What's new in travel expense management

    What’s new in Travel Expense Management?

    Travel expense management has become a pressing problem that needs your immediate attention. If not controlled at the source, it can prove detrimental to your financial health.  Organizations who deprioritize employee cost management pay an even higher price. Since travel costs are increasing significantly, there’s also a sudden need to manage them efficiently. In this article, we delve into the various challenges that traditional travel expense management brings with it. Additionally, we talk about why travel expense management is important and how technology and automation can help. Benefits of travel expense management Travel expense management aids the following: Company expense accounts: Detailed records of every travel and business expense, thereby…

  • Expense management software - Product Update from Fyle

    2019 so far at Fyle – more than 10 new features and other amazing updates! 🚀

    2019 has been quite a ride at Fyle. We’ve taken huge risks, and they’ve given us great results. Our product has consistently seen fresh updates, ensuring our customers get the best out of Fyle. Every release in 2019, thus far, have been active steps towards holistically improving expense management. Without further ado, let’s dive in. Better expense reporting and receipt management 📃 Bulkfyle With Bulkfyle, users instantly upload multiple receipts, from their computer, Dropbox, or Instafyle (Fyle’s mobile app.) Differential mileage rates Admins configure differential rates that automatically change the applicable rate based on the distance logged. Gmail add-on Employees directly report expenses from their Chrome browser or Gmail mobile…

  • Expense report software for small business

    Expense Report Software for Small Business

    Small businesses of today are growing at a rapid pace. The hyper-growth brings along with it, a set of repercussions. While some of these challenges have obvious solutions, some don’t; especially when it comes to the financial health of your business. Employee expenses are the second highest controllable cost in an organization. However, in most cases, managing employee expenses always takes a backseat. Here’s how ignoring employee expenses can affect your organization’s financial health: Bleeds money Loss of productive time Decreases financial productivity Hampers accounting Deprives an opportunity to save money with taxes Long reimbursement cycles affecting employee experience Here’s how streamlining expense reports help manage employee expenses: Shortens reimbursement…

  • Receipt scanner app features

    Receipt Scanner App Features for Business Expenses

    Let’s accept it – paper receipts have done more harm than good to business expenses. It’s 2019, and yet they require your attention. To make matters worse, business expenses are not something any employer or employee can afford to ignore. For employers, here’s why receipt scanner apps are necessary: Avoid manual reminders to collect receipts Eliminate manual sorting and storage of paper receipts Save time that gets spent converting all paper receipts into digital assets Rely on manual duplicate detection Loss of the finance team’s productivity due to non-automation of mundane tasks For employees, the frustration goes way beyond. Below are the reasons why employees should use a receipt scanner…

  • Travel Expenses Per Diem rates with Fyle

    Per Diem Rates for Business Travel Expenses

    Employee expenses are the second largest controllable cost at every organization. As a best practice, organizations usually have enough predictability around the type of travel expenses incurred by certain employee groups. While we can predict how the organization can  control expenses, it is not manually feasible to control employee expenses when on business travel. Enter Per Diems/Per Diem rates. Per Diems are a fixed non-reimbursable allowance paid to employees during travel. Traditionally, Per Diems only included daily stay. But modern business travel demands are increasing and hence, demand more than just stay. Today, ideal Per Diems include non-reimbursable allowances for Daily lodging Meals Incidental expenses Transport Per Diems not only…

  • Report Expenses from Square

    How to report expenses with Square’s Automatic Receipts

    If you recently visited a bar, restaurant or grocery store, you probably checked out using a Square POS. Square is revolutionizing  how small businesses build and grow their sales. Their seamless experience is synonymous to convenience for consumers. The one reason why so many businesses rely on Square is because they directly provide digital receipts to consumers via email or text. At Fyle, we understand that the plethora of digital receipts in your inbox can be overwhelming. To lessen the burden, here’s how you can report any transaction made at any Square seller store to Fyle. How Square works Step 1: You are required to share your email address for…