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Fyle

Expense Management Software for Finance Teams

(1,819 Ratings) Write Review

What is Fyle and how does it work? 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 The businesses can also use the tool to replace outdated bank softwares with advanced corporate card management software.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.

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Fyle Features Show All Features

Expense Management Features

Card Spending TrackerAutomatically tracks the expense done using a linked debit or credit card.
Multi-level ApprovalA sequential and thorough review process to approve expenses.
Reconciliation SummaryA statement prepared to report total outstanding payments and receipts.
Bank Feed SyncCan sync with bank notification and fetch expenses to make entries in the record book.
Receipt ScannerOCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.
Receipt ManagementStore and manage receipts of the expenses incurred by the employees.
Multiple Reporting CurrencyReports entries from different origin currencies in the native exchange rate.
Spend ControlTo reduce spending and prevent unauthorized use by setting transactional control.
Reimbursement ManagementHelps in managing employee expenses claims and regularize the approval process.
Expense ApprovalManagers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected.
Third-party IntegrationThird-party integration means addition of necessary external data to an existing project using different APIs (Application Program Interfaces). Due to the third-party APIs the developers are able to build a new solution in a shorter period of time, using already existing components instead of creating a code for new ones from scratch.
Mileage TrackingFacilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports
Time & Expense TrackingTime and expense tracking is the process of recording and tracking hours worked and expenses as they relate to projects. Time and expense tracking may provide multiple timesheet and expense views, configurable work time, overtime, approval, and expense reporting policies to allow organizations to effectively collect and manage time and expenses based on their unique requirements. It enables companies to reduce errors, duplicate entries, and administrative overhead. It can also reduce the amount of time it takes to collect and report project data, manage timesheets and remote data entry.
Tax ClaimHelps with tax reclaim on expenses and maximizes the tax benefit of the organization.

Fyle Technical details

Support	24/7 (Live rep) Business Hours Online	Customer Type	Large Enterprises Medium Business Small Business
API		Location / Phone Number	Karnataka, India
Deployment	SaaS/Web/Cloud Mobile - Android Mobile - iOS	Official Website	https://www.fylehq.com
Deployment	SaaS/Web/Cloud Mobile - Android Mobile - iOS	Category	Expense Management Software

Fyle Pricing

Pricing ModelFree Trial , Subscription , Quotation Based

MONTHLY YEARLY

Standard

$4.99 /User/Month Billed Yearly

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

$8.99 /User/Month Billed Yearly

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

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

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Disclaimer: The pricing details were last updated on 19/11/2021 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Fyle pricing.

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