Fiskl Review

1) Small construction business

The business owner has 9 employees and contractors. The employees go to the clients’ locations to give free job quotes or to perform already agreed work. Often they have to buy materials, track time on the job and mileage to the location so it can be appropriately invoiced.

With Fiskl, any employee of the business can give quotes on the spot to the customers, thus winning more projects. By tracking expense, time and mileage accurately for a project and invoicing the customer on the spot, without the need to refer back to the business owner, the cash flow of the business improves dramatically. At the same time, the business owner has an at a glance live overview of all items being logged by the staff as well as a business dashboard overview with real-time financial information of the business.

2) Graphic design freelancer

The user works on a variety of design projects, with customers in over 15 countries around the world. The freelancer generally charges by the hour, so the time tracking functionality in Fiskl allows her/him to flexibly and automatically track time for each client (Fiskl automatically remembers the last rate for the particular client). Extra time can also be added to an ongoing client timer if the freelancer forgot to start the timer. Then the time can be added to an existing a new invoice with just one click, so when the project is finished the invoice is ready to be sent. If a client requests an invoice in their own currency, the freelancer has the ability to choose a different currency for each invoice without changing the default currency for their Fiskl account. Live exchange rates also allow multiple currency items in a single invoice.

3) Car spare parts company

A spare parts company has a team of over 240 people buying spare parts all over the country. The buyers go to different shops around the country and buy a variety of car parts. Fiskl allows the buyers to quickly check prices from the product list in Fiskl, as well as any associated sales tax and they can also issue invoices/receipts on the spot from their mobile phone. The buyers also keep track of mileage and travel expenses incurred and can easily scan expenses and submit an expense report for approval from their mobile phone.

As a small business, the company cannot afford to purchase laptops for the buyer team and the high mobility means that the submissions of purchases and expense reports often come late, skewing the cash flow of the company. By allowing the buyers to manage everything from their own mobile phone, the company saves money and has real-time insight into its finances.