It’s 2020 -- most of us have physically distanced for a foreseeable future. In times like these, digital
within finance is no more a choice, it’s the need of the hour.
Manually chasing employees for receipts and expense forms demands a significant amount of otherwise productive time and effort from the finance team.
User intervention and manual reporting increases the risk of fraud jeopardizing the organization during audits.
When all processes and day-to-day operations are manual, the only way to scale is either to automate or add more people to the team. Often times, teams choose the latter and end up with bloated, inefficient finance workforce.
80%-90% of the finance team's time is consumed in transactional tasks that have no bearing on value metrics – time, cost or productivity. In addition, the biggest fallout of this manual process is your team’s inability to truly contribute to the financial health, despite their best intent.
Unlimited secure, searchable receipt storage
Track receipts in multiple ways like clicking a picture, uploading of receipt from their phone gallery or every day apps like Gmail, Outlook, and Slack. Screen reader support enabled.
Intelligent OCR technology to automatically extract rich data from receipt like amount, merchant, date of spend, category, location and custom information like check-in or check-out date
Automatically check against business rules, fraud (mischaracterized, overstated, dubious merchants, duplicates) for compliance
Tracking billables, enabling to submit non-reimbursable expenses, assigning expenses, split expense by category, Project, Cost Center, automatically create a report in a ready to submit format
Track card expenses with automated reconciliations that match the expense, receipt and transaction without any manual intervention.
Automatically submit reports towards the end of every month
Highlight expenses that violate internal policies for quick redressals, allowing approvers to reject or send back fradulent expenses.
Automatically make bulk payments directly from the system
Get real-time status of every transaction
Send deferred email notification to employees
Gain real-time, actionable insights into different kinds of spends
View in detail about operation roadblocks at every stage in your expense management process
Get a peek into at-risk metrics like top violators, change in spend, holiday/weekend expenses, duplicates
Download customized MIS reports for further drilldown
Enforcing business rules with ease based on any employee or expense parameters like levels, departments or amount and expense category
Configure budgets for categories, departments and Projects and for a custom time period (weekly, monthly, quarterly, annually, custom dates)
Integrate with your software of choice especially for accounting, project management and productivity.
Adding multiple orgs, personalize categories, Projects, Cost Centers, Holidays, Tax groups, Exchange rates
Create custom fields for expense forms, employee information like levels and departments and custom rates according to vehicles and locations for Mileage and Per Diem
Keep your financial data secure with role-based access to information, IP restrictions for certain users and single-sign on (SSO) for all
Automatically create and store detailed audit trails for every expense and report
Manage communication via automated scheduled custom email and calendar reminders for employees and approvers
Intuitive experience for both, end-users and finance
Pay per usage pricing plans
Your productive hours need not be wasted with manual reconciliations. A one-time sync with your card provider and Fyle automatically reconciles the card transaction, expense and receipts.Reconcile card expenses
Set up internal policies for employees, teams, departments or projects to control spend. Fyle also flags any mischaracterized, overstated, fictitious or duplicate expenses automatically.
Manage all your receipts with a centralized, unlimited, secure storage. Further, use advanced filters against any expense or employee parameters to find just the receipt you want.
Fyle centralizes all your expense management data to share real-time, actionable insights around all kinds of spends, day-to-day operational roadblocks, turnaround time for every stage of your expense cycle and highlights high-risk areas that might require immediate attention.Always be in the know of everything expenses
Automate reminders by scheduling custom email and calendar reminders for employees and approvers. Also, with Fyle, employees will be automatically notified about the current state of their expense so there’s no back and forth between finance and employee.
Fyle automatically keeps a log of every small change that happens in an expense or report. All expense or report information is stored in an audit-ready fashion to ease external, third-party, internal or IRS audits.Stay audit-ready
Fyle has direct, self-serve integrations with some of your favorite accounting softwares like Intuit Quickbooks Online, Oracle NetSuite, Sage Intacct and Xero. Furthermore, use Fyle’s open APIs to connect any software and move data in and out of Fyle.Integrate with your favourite accounting software
Fyle resides in everyday apps like Gmail, Outlook, Slack, phone gallery, and more. This means employees never have to be trained to report an expense. Further, using AI, Fyle automatically extracts all information from the receipt to the expense form.Track expenses easily