• employee-travel-expenses-comprehensive-list

    Everything you need to know about managing employee travel expenses

    Your sales employees are always on the move. But do you know what slows them down? – Reporting employee travel expenses! As sales folks, they may incur a varied range of expenses. Some everyday business expenses incurred are transportation, dining, accommodation, and other miscellaneous expenses. A study conducted by GBTA states that:  “Business travel is estimated to grow to $1.6 trillion in annual spends by the year 2020.” This means that you can no longer take your business expenses and employee travel expenses lightly. But does your business efficiently manage these expenses? In this article, we look into the key elements that constitute employee travel expenses. Additionally, we understand the…

  • guidelines-employee-travel-expenses

    How to create an accountable plan for reimbursing employee travel expenses?

    Are your employee travel expenses and other business expenses complaint with the set regulations in your city or country? If you are unsure, unaware, or want to neglect such regulations around employee travel expenses – your business health could be in trouble. Many times, employers pay a lot of attention to specific functions in their business. As a result, they turn a blind eye to other functions such as expense management. Though this may not affect your business now, not staying complaint or failing to monitor employee travel expenses could prove detrimental. In this article, we talk about the various facets to staying complaint when it comes to reimbursing employee…

  • 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…

  • Company Expense Analytics with Fyle

    How to Manage Business Expenses with Fyle’s Analytics

    Employee reimbursement is the second largest expense for companies. This makes it crucial for CFOs, finance heads, finance controllers and financial leaders to have adequate control for optimization. As of today, expense management within organizations comprises of two major components – workflow automation and auditing for compliance. At Fyle, we understand how both – workflow automation and auditing for compliance – are interdependent to ensure the smooth functioning of finance departments. So far at Fyle, we’ve cracked the code when it comes to automating workflows without any manual intervention. This has helped bring about a strong culture shift within companies. Expense reporting amongst employees has turned real-time, thanks to Fyle’s…

  • 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…

  • An Expense Tracking Software that Manages a Global Employee Base

    An Expense Management Software to Manage a Global Employee Base

    With digitalization and globalization, we have seen a rise in cross-country associations and dependencies. Blurring geographical boundaries, organizations now seem to function as a single unit. Though most aspects seem simple, there are yet a few challenges businesses face while dealing with a global employee base – Expense Management and an Expense Tracking Software that allows for a seamless and streamlined process.

  • Best Practices to manage Corporate Credit Cards

    Indispensable. That is what corporate cards are becoming in the business world. In fact, according to a report by the Wall Street Journal, an increasing number of companies are adopting corporate card programs for their business. And the reasons are multifold. To mention a few here; Finance folks can manage the cash flow better, since cash advances would become a thing of past. It Improves the business credit of the company, which, in turn, will help your business grow.   Employers can enjoy the incentives (rewards, cashbacks, miles, etc.) that come along with credit card usage. Employees wouldn’t have to wait for their reimbursement. Just swipe the card, and they…

  • draft expense reports

    Draft expense reports for people always on the move

    “What I need is a way to keep adding expenses to a report which I want to submit at the end of a business trip. I don’t want to create expenses and later waste time fitting each expense to the right report.”~ Kevin Who is Kevin? Kevin is one of our German users, who travels for business more than ten days in a month. He often has multiple meetings for different projects on a single trip. The expenses incurred by him in a single day often spread across projects. Kevin’s pains Kevin prefers to stay organized and reports expenses for various projects separately. Up until now, Kevin would wait till…

  • Expense Management with Fyle

    Modern Travel and Expense Management with Fyle

    Historically, expense management has always been a time-consuming and disdained task, and for obvious reasons. Manually filing expenses, saving, collating, categorizing paper receipts, manually creating expense reports, submitting them to an approver and then wondering about its status or constantly irking the Admin for it; you get the gist. Manual expense management cost organizations a loss that often goes unrecognized. Employees spend their crucial productive hours filing expenses to get their money reimbursed than tending to other daunting business tasks. The wave of change was pretty evident. With the cloud-era came the expense management softwares. What was the pain-point they were solving? They automated processes which never required human intervention…