Home/Expense Management Software/Fyle vs SoldoUpdated on: March 28, 2024

Compare Fyle vs Soldo

94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
92% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
89% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Expense
Zoho Expense Expense Management Software (753 Ratings)
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94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
92% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
89% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Expense

Zoho Expense

Expense Management Software (753 Ratings)
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Overview

Summary

Fyle is an expense management software for modern finance teams. It helps to improve the financial productivity, cost savings, and employee satisfaction. Users can easily integrate all expenses from everyday apps such as Outlook, Gmail, Slack, etc. Data is extracted automatically from the receipts and checked for policies even before being submitted. Fyle’s intelligent solutions can eliminate all expense management problems faced by future-ready organizations. This is achieved by allowing the managers to approve expenses before spending, keeping all receipts handy, closing the reimbursement cycle, and accounting books faster. Also, employees can scan paper receipts, track business mileage, and compile all aspects of the expense report in one place. It provides advanced analytics and data reports regarding expense patterns and allows the management to make informed decisions. The businesses can also use the tool to replace outdated bank softwares with advanced corporate card management software. Another important feature is its GDPR-compliant, enterprise-grade, encrypted data security. All this makes Fyle easily scalable to organizations of varying levels. ..show more

Soldo is a prepaid company card and automated expense management software. It can be used to take care of day to day cash related issues along with online procurement facilities. Businesses can also depend on the same to monitor digital advertisement related funds and sanction employee travel plans in an organised way. Companies leveraging on Soldo and its smart functionalities get to streamline an effortless spend management system, inclusive of metrics like prepaid company cards, effortless bookkeeping, simplified reporting structure and real-time tracking facilities. They can also enjoy active integrations with external platforms like QuickBooks Online, Xero and NetSuite on the go. Soldo and its integrated set of exclusive services like on-spot receipt capture and enriched data transaction facility, live customer support, 2% FX fees for foreign transactions, CSV data import compatibility, accurate spending controls inclusive of specific limits, budgets and rules, user-specific roles and permissions along with custom onboarding and product training options facilitate seamless business management. ..show more

Zoho Expense is an online expense reporting software that digitizes expense report creation, approvals and reimbursement. It let your employees record expenses just by uploading the receipts. Zoho Expense scans it and pulls out necessary information automatically. It also allows you to sort expenses by category, attach notes with them and add extra entry field to input additional details. You can create per diem rates for your employees travelling abroad, set the separate allowances for each type of expense. This ensures that the expenses are kept under a certain ceiling and doesn’t result in extravagance. It comes pre-equipped with an auto-merging tool that prevents duplication in records. Thereafter, it supports all major currencies and converts exchange rates accordingly. You will also get cloud storage to store the bills online and retrieve them whenever you need. It even allows you to forward receipts right from your inbox to Zoho Expense and it will scan them without any need of interference. The software review expenses and enable you to easily approve and reject expenses for quick reimbursement. ..show more

Features

Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book.

Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card.

Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected.

Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports

Multi-level Approval A sequential and thorough review process to approve expenses.

Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate.

Receipt Management Store and manage receipts of the expenses incurred by the employees.

Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.

Reconciliation Summary A statement prepared to report total outstanding payments and receipts.

Reimbursement Management Helps in managing employee expenses claims and regularize the approval process.

Spend Control To reduce spending and prevent unauthorized use by setting transactional control.

Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization.

Third-party Integration Offers synchronization with third-party applications

Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects

TECHNICAL DETAILS

Access Monitoring

24/7 (Live rep)

Business Hours

Online

Contact Number/Address

Karnataka, India

London, England

Pleasanton, California / 8443165544

API

Deployment

SaaS/Web/Cloud

Mobile - Android

Mobile - iOS

Mobile - Windows

Mobile - BlackBerry

Installed - Windows

Installed - Mac

Customers

Individuals

Freelancers

Large Enterprises

Medium Business

Small Business

Pricing

Pricing Model

Free Trial

Freemium

One-time license

Open-source

Subscription

Quotation Based

Plans

Standard
$6.99 /User/Month

Ideal for startups with 1-25 employees or less than 30 expense reports per month. Minimum 5 active users.

*Active user creates atleast 1 expense report a month

Features

  • Unlimited receipt scanning with automated data extraction
  • Unlimited expense tracking and reporting from Gmail, Outlook, mobile app, Slack, phone gallery, mileage and Per Diem
  • Personal card management
  • Universal statement parser to import statements for reconciliations
  • Single-stage approvals
  • Custom employee categories and expense fields
  • Employee access delegation
  • Fyle branded expense reports, emails and interfaces
  • QBO self-serve integration
  • Email and knowledge base support
Business
$11.99 /User/Month

Perfect for fast-growing businesses with 25-200 employees or more than 50 expense reports per month. Minimum 10 active users.

*Active user creates atleast 1 expense report a month

Features

  • Includes features of Standard plan, plus
  • Corporate card management including automatic reconciliations, bank feed setup and multiple card program management
  • Multi-org, multi-stage and policy-driven approvals
  • Detect fraud, duplicates, weekend and holiday expenses
  • ACH payments (US only)
  • Actionable insights around spending patterns, employee behaviour, finance operations, risks and much more
  • Custom data exports including MIS
  • Multi-currency, multi-region with multiple entities/orgs setup
  • Direct, third-party and API integrations with any accounting, travel, HRMS and payroll software
  • Google single-sign on (SSO)
  • 24x7 named account manager with direct phone and email communication channels
  • In-app live chat support
Enterprise
Custom

Best suited for multi-country enterprises with 200+ employees or more than 250 expense reports per month.

*Active user creates atleast 1 expense report a month

Contact us

Features

  • Includes features of Business plan, plus
  • IP whitelisting of admin accounts
  • Single sign-on (SSO) with AD and Okta
  • Branded account and emails
  • Dedicated Enterprise Account Manager
  • Half-yearly business reviews to optimize cost and compliance
  • Customer Advisory Group for feature suggestions and direct facetime with the Product and Engineering teams with priority access to features and planned deployments.
  • In-app live chat support
View Price Page
Soldo Uno
Free

Limited to one card (plastic or virtual)

Manage spending and expenses with the core features. Limited to one card.

Features

  • Choose between a virtual or plastic prepaid Mastercard® 
  • Cards available in EUR
  • Mobile app and administrative web console 
  • Spending controls, including limits, rules and budgets 
  • Accounting integrations with Xero, QuickBooks Online, and CSV exports to all other accounting platforms 
  • On-the-spot receipt capture and enriched transaction data
  • Load and withdraw to your Soldo wallet from your domestic bank accounts for free
  • 2% FX fees for foreign transactions
  • Live customer support
Soldo Pro
Others

€6 per card per month

Virtual Card for 12 months*

Orchestrate spending with enhanced control. Up to 20 plastic and virtual cards.

Features

  • Includes features of Soldo Uno plan, plus
  • First virtual card free for 12 months*
  • Up to 20 cards (plastic and virtual available) 
  • Approve spending and create single use virtual cards with Purchases
  • Customisable cards for teams, projects or company expenses
  • Spending controls for each user, including limits, rules and budgets 
  • Dedicated sort code and account number for inbound payments
  • Comprehensive reporting 
  • 1% FX fees for foreign transactions
  • Automatic card top-ups
  • Instant and free internal fund transfers to users
  • Permissions and roles for users

Note : *No monthly fees for first virtual card for 12 months, standard monthly fees apply to all additional cards. Card issuance fees apply. 

Soldo Premium
Others

€10 per card per month

Virtual Card for 12 months*

Advanced controls, reporting and functionality complete the Soldo experience. 

Features

  • Includes features of Soldo Pro plan, plus
  • As many virtual and physical cards as you need
  • Cards available in EUR, GBP, and USD 
  • Configurable roles for users: admins, managers, external bookkeepers and others 
  • Advanced reporting with filters by period, currency, user and more
Soldo Custom
Custom

Enhanced integrations and dedicated support for larger organisations.

Features

  • Includes features of Soldo Premium plan, plus
  • A dedicated Customer Success Manager
  • Custom onboarding and product training
  • Enhanced integration with your systems (API) 
  • Early access to new features and the option to join our customer feedback panel 
View Price Page
Free
Free

For small businesses and freelancers to track expenses and mileage claims.

Features

  • Up To 3 Users
  • 5 GB Receipt Storage
  • 20 Receipt Autoscans
  • Muticurrency Expenses
  • Mileage Expenses
  • Customer/Project Tracking
  • Accounting Integration
Premium
$8 /User/Month

Minimum users: 3

For global businesses with high volume of expenses, in need of powerful controls and robust workflows.

Features

  • Includes features of Free plan, plus
  • Unlimited Users
  • Unlimited Receipt Autoscans
  • Travel Requests
  • Advanced Approval
  • Per Diem Automation
  • Advanced Customization
Enterprise Plan
$12 /User/Month

Minimum users: 500

Built for businesses that need a highly customizable and integrated solution to suit their complex needs.

Features

  • Includes features of Premium plan, plus
  • TMC/OTA Integration
  • ERP Integration
  • Single Sign On (SAML)
  • Dedicated Account Manager
  • Advanced Audit Trail Report
View Price Page

SCREENSHOTS

Fyle Screenshots
View 5 screenshot(s)
Soldo Screenshots
View 6 screenshot(s)
Zoho Expense Screenshots
View 4 screenshot(s)

INTEGRATIONS

  • TravelPerk
  • Quickbooks
  • Sage Intacct
  • NetSuite
  • Xero
  • Xero
  • Sage Accounting (Sage One)
  • Zoho Cliq
  • Slack
  • Zoho Invoice
  • Zoho CRM
  • Zoho Analytics (Zoho Reports)
  • Microsoft Dynamics 365 for Sales
  • Quickbooks
  • Zoho Projects
  • Zoho Books
  • Zoho People
  • Xero

ALTERNATIVES

Top alternatives to Fyle

Ramp
Ramp
Expensify
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Brex
Brex
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Webexpenses
Webexpenses

Top alternatives to Soldo

Qonto
Qonto
Pleo
Pleo
Expensify
Expensify
Brex
Brex
Emburse Certify
Emburse Certify