How Blue Spark streamlined their Advances and Budgeting with Fyle

Expense management before Fyle

Blue Spark employed a manual expense management process, which was paper and spreadsheet-heavy. Not only was it frustrating for everyone involved, but also took up
precious company time. Since the company undertakes client projects, any missed expense directly affected their costing. They couldn’t figure out the exact income generated through
the business.

Challenges at Blue Spark

• The company primarily issues advances to their employees. And the lack of an efficient tracking system made life difficult for the finance team. Information was all over the place, and they didn’t have a check on usage in real-time.
• Since everything was project-based, employees had to report expenses for each project separately. But the manual process led to missing or untracked expenses, affecting their costing.
• The finance team often worked late on weekdays and on weekends to manage expenses and advances. This hampered the work-life balance of everyone involved.
• Budgeting and cost management for their projects was more challenging. Especially because there was a lack of data to plan better or keep usage in check.