• Expense management software for non-profits

    Expense management for Nonprofits

    Did you know that more than 13% of all fraud cases reported happened in nonprofits? Many of these frauds occur in the reimbursement process. Expense management for non-profits can be a daunting task for both accountants and employees. On the one hand, employees find themselves in a dilemma over spending decisions. On the other hand, accountants struggle to track and account for expenses in the books. As a result, project managers, in turn, find controlling their expenses challenging. With complexity in management, negligence follows. Employees often end up submitting claims without appropriate bills. Accountants overlook expenses which violate expense policies or approve fraudulent claims. Additionally, project managers may overshoot their…

  • Teach for India and Fyle | Success Story

    Expense Management Solutions For Non-Profits

    Non-profit organizations are all about doing good and bringing about radical changes. They are focused on fundraising, community service, and volunteering. The key focus is always to make a difference in society. However, they can only achieve this by making sure everything else within the organization is the status quo. One area that is often neglected is expense management. Unlike their counterparts, they do not work for profits, but they do still incur expenses. Expense management is just as important in an NGO as it is in any other company. People are likely to spend a lot more money spent on a humanitarian cause. It is vital to keep track…