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Say goodbye to inefficient paper-based expense management

Eliminate countless hours spent on data verifications,
receipt chasing, and cross-checking murky expense records. Upgrade to a simple, effective, and intelligent paperless expense management software.

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Digital revolution for the finance teams of innovative IT companies

Challenges with paper based process

Challenges with paper based process

Time-consuming process

  • Manually submitting a paper expense report takes up to 20 mins
  • Manually correcting an expense report takes up to $52 per report
  • Paper-based processes demand finance to manage expenses manually
  • Manually checking every paper receipt for fraud and duplicates means lost productive time and effort

Administrative errors

  • Money spent in processing a paper expense report manually costs on average $58 per report
  • 1 out of 5 reports submitted manually contain errors. Manually correcting them takes up to 18 minutes per report
  • Errors are usually caught at a later stage in the reimbursement process, forcing finance teams to restart and redo almost 30 days of effort

Receipt management

  • Receipts can get lost or misplaced
  • They’re difficult to store in a categorized way forever
  • Paper receipts are prone to damage, i.e., print fades within days or weeks
  • Opens room for fraud to seep in easily -- an average expense fraud cost up to $867 per employee

Non-scalable

Any average company with 100 employees grows their sales team 7.8% YoY. With fast-scaling businesses, this number is 5x. For finance to keep up and support high-paced business growth, paper processes are nothing but a hindrance due to

  • Manual effort to be audit-ready and close books on time
  • Prone to administrative errors
  • Higher rate for non-compliance and fraud
Challenges with paper based process
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Is it time to consider a paperless expense management solution? Here’s your checklist

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No visibility into spends and operational issues

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Difficulty in managing operating expenses

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Inability to forecast future costs and budgets

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Loss of talent due to long reimbursement cycles

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Decrease in finance productivity and employee morale

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Go paperless with Fyle’s automated expense management

Approver workflow automation

Remove the operational hurdles for the approvers.
Configure and automate all your complex
expense approval workflows.

Automate any expense approval
Approver workflow automation

Mobile expense reporting

Create, edit, submit and approve expense reports
on-the-go.

Track expenses on the go

Auto compliance checks

Real-time policy checks on expenses even before submissions. This ensures compliant submissions using everyday apps like G-Suite, Outlook, Slack, and WhatsApp.

Auto compliance checks
Budgets

Budgets

Create customized budgets and associate it with projects, departments or cost centers for tighter cost control.

Control overheads, stick to allocated budgets

Auto Reporting

Liberate your employees from the mundane tasks by scheduling auto creation and submission of expense reports.

Auto Reporting
Unlimited receipt storage

Unlimited receipt storage

Track, store and centrally manage all your business expense receipts digitally on the cloud.

Audit Trail

Each expense has an audit trail from its creation to approval justifying exception if any, keeping you audit ready always.

Stay audit-ready always
Audit Trail
Integrations

Integrations

Simplify your accounting with seamless integrations across applications. This ensures smooth data flows, syncing expenses with your company books.

Integrate with your favourite software
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