• financial-productivity-fyle-expense-management

    How to Increase Financial Productivity with Fyle’s Audit Trail

    Did you know, companies all over the world spend close to half a million dollars and 3,000 hours correcting expense reports? Auditing your expenses is no easy feat. You have to go through countless spreadsheet columns, match them with corresponding receipts, validate expense entries and reconcile them with card transactions. The traditional means to expense management is tiresome, error-prone, and not to forget,  severely time-consuming. At Fyle, we respect your time, and  aim to improve your financial productivity. Our Audit trail feature keeps you informed of every transaction that happens in your organization, helping you maintain a spotless Audit Trail, which will eventually help your business grow. With Fyle, you…

  • Automating your Expense Approval Workflows with Fyle

    How to automate Expense Approval Workflows

    When it comes to expense management, a lot of organizations still seem to be in the dark. Using conventional methods like relying on manually entered data has cost 80% of organizations hours of productive time, manpower, and money. It has also exposed them to errors, duplication, and fraud. But, are they to be blamed for shying away from the new-age system of expense management? Perhaps not. Most tools out there force a revamp of their current approval workflows, instead of trying to support or leverage them. The revamp brings a substantial risk of failure, especially since the existing processes have been built on years of research and thought. Due to…

  • How to Deal with Repeat Expense Policy Violators?

    Are you an accountant or admin who sieves through multiple receipts and reports to validate and approve reimbursements? Expense management is often ignored, thereby, unnecessarily burdening finance teams. Accounting and finance folks often have to take the uncomfortable step of talking to employees who do not submit their expenses or expense reports on time, or ever at all. Or worse, employees who consistently violate policies – like Alice from sales who submits her receipts and expense reports only once a quarter. What’s worse? Her reports are often receipts of varying shapes and sizes, incomplete reports, spending claims that exceed set limits, and the list goes on. This probably happens after…

  • Policy Engine | Fyle

    Does your Expense Management need a breathalyzer?

    Fyle users already have it pretty good, with automated checks for policy violation at the source. They’ve collectively saved thousands of man-hours that would have otherwise been spent poring over fading receipts and pointless back and forth emails with the accounting department. We know that’s a great feature because our users have told us so. Fyle’s new feature to ease your expense management challenges: There’s another area that we think we can save our customers a lot of time. We know most companies do not allow for alcohol in the expenses, except for a few (lucky) exceptions. Finance teams have to check each receipt for traces of alcohol manually, and…

  • Fyle and Quickbooks Online by Intuit

    Expense reporting in Quickbooks Online by Fyle

    We keep saying we want to make your expense management process seamless and effortless and we mean it! Last year, in 2017, a lot of you mentioned you use Quickbooks as your accounting software, and we knew we had to integrate Fyle with Quickbooks. QuickBooks holds 80% of the market for accounting software amongst small businesses. That was enough reason for us to make the Fyle QuickBooks Integration a priority.

  • Expense Frauds | Expense Policy | Fyle

    Check Expense Report Frauds with Fyle

    Is your business a victim to fraudulent expense claims? Your organization processes a hoard of reimbursements on a monthly basis. You, as admins or account executives approve almost all of them, barring a few. These few expenses are usually the ones which have out-rightly violated your policies or don’t have appropriate bills attached.

  • Expense Policy Compliance | Fyle

    Expense Policy Compliance Revolutionized with Fyle

    Are you an admin or approver who is always bombarded with expense claims that violate multiple expense policies? Business expenses by employees typically have expense policies to ensure that they’re compliant with local laws. Proper implementation of these policies sits at the core of the expense management process in any enterprise. This is crucial to the functioning of the business as it ensures a continuous check on the flow of money, provides control over understanding the nuances of expense trends, visibility, and insights into business expenses and more. However, expense policies often end up becoming a source of frustration because of the complexity involved in enforcing them. This is why…