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Move out of costly and inefficient expense management
Upgrade from costly and time consuming expense workflow to an automated and efficient expense management software.
Get a demoFyle empowers you to:
INCREASE FINANCE PRODUCTIVITY
AUTOMATE COMPLIANCE
STAY IN CONTROL
Loved by leading finance teams across 20 countries
Challenges with paper based process
Loss of precious productive hours
1. Employees doing the expenses
- Manually fill expenses using a spreadsheet
- To and fro for getting it approved
- 20 mins to report on average
2. Finance processing the expenses
- Manually verifying the expense
- Checking for compliance, fraud and errors
- Reconcile expenses claimed against card feed
- Manually update in accounting softwares
- All this can cost upto $52 per report
Lack of visibility
- No proper tracking to check for over spending
- Lack of transparency
Administrative errors
- Money spent in processing a paper expense report manually costs $52 per report
- ⅕ report submitted manually has some errors and correcting them manually takes upto 18 mins per report
- Errors are usually caught at a later stage in the reimbursement process, coercing finance to restart and redo almost 30 days of effort
Erroneous processing of expenses
- Out of policy expenses
- Claim of expenses during holidays
- Submission of duplicate bills
- Bills from suspicious vendors
- An average expense fraud cost upto $867 per employee
We’ll help you reduce all your business expense costs with
real-time actionable insights
