Fyle and ETHOSystems team up to offer automated expense management to construction businesses

August 24, 2023
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ETHOSystems, provider of integrated accounting, financial and management software, has partnered with Fyle, a modern expense management platform, to automate expense reporting and credit card reconciliation for its clients.

A firm tailored to the needs of construction and real estate businesses

ETHOSystems believes in utilizing Sage Construction and Real Estate software and complimentary products to bring real-time solutions to long term challenges. By combining their services with Fyle’s seamless and tight-knit integration with Sage Intacct, the firm will be able to help their clients improve profitability, boost revenue, increase efficiency and grow as a business.

ETHOSystems is a multi-award winning provider of integrated Construction and Real Estate business software solutions and support. With over 35 years of hands-on experience, they are about integrity, about passion for what they do and about setting up the best systems, in the best way, for their clients’ needs.

Roadblocks to efficiency in the construction industry

Problems like distributed workforce, lack of visibility into project spend, cash flow issues, trouble tracking billable expenses, revenue leakage, siloed systems and overall lack of tech savvy workforce are some of the roadblocks to efficient expense management in the construction industry. This partnership between ETHOSystems and Fyle aims to solve that.

Fyle’s unique approach to expense management by integrating with all credit cards to provide real-time feeds, and its robust 2-way integration with Sage Intacct, Sage Intacct Construction, and Sage 300 CRE made it an easy choice for ETHOSystems to select Fyle as a technology partner. 

By utilizing Fyle’s seamless integration with Sage Intacct, ETHOSystems will be able to help their clients improve profitability, boost revenue, and grow as a business by increasing accuracy and efficiency. Users can export reimbursable and corporate card expenses, such as bills, journal entries, credit card charges, etc., with the click of a button.

What it means for ETHOSystems’s clients is that as soon as users spend on their cards, they get notified via SMS. Users can reply to the SMS with a picture of the receipt, and Fyle matches it to the right expense instantly. This reduces the manual effort for accountants and the learning curve for the users is near zero. Thus, ensuring that the books are closed on time.

Positioned to drive maximum efficiency

Fyle’s integration with Sage Intacct Construction allows for automated sync of dimensions like GL codes, Job Cost, Job Type, Projects, Cost Centres and more. Users can export reimbursable and corporate card expenses as bills, journal entries, credit card charges etc.

“We have been working to build a world where not a single second is spent on managing expenses. Administering employee expenses isn’t core to anyone’s role, but it’s time-consuming and frustrating”, said Yashwanth Madhusudan, CEO, Fyle. “We look forward to working closely with the ETHOSystems team to bring the combined best-in-class solution to construction and real estate companies in the US.”

With this partnership, ETHOSystems’ customers will gain access to AI-enabled expense management software, the freedom to choose their own business credit card, spend analytics to make efficient financial decisions and overcome roadblocks to efficiency in the construction industry. 

Help your clients simplify expense management

By partnering with Fyle, you can bring superior expense management technology to your clients and revolutionize their accounting processes. You can become their advisory firm of choice with access to real-time spend data and rich insights into spending patterns for all your clients. As a Fyle partner, you can access additional revenue streams, specialized discounts, enterprise-grade technology, and best-in-class support. Join our partner program today!

Effortless expense management for all business spends. Earned time, saved costs, improved productivity, happy employees - achieve it all with a single software.

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