Fyle Review
What is Fyle?
Fyle is a new-age credit card spend management platform for easy expense tracking and corporate card reconciliations with real-time visibility, compliance, and control. Using state-of-the-art technology, Fyle helps employees and Finance teams save hours of time and money.
Track expenses from platforms employees use every day like Gmail, Outlook, Slack, Teams, email, and text forwarding. Fyle’s robust mobile app with intelligent OCR capabilities also makes it easier to submit expenses on the go.
Reconcile credit card transactions for any business credit cards powered by Visa (extending soon to other payment networks) in real-time. Users receive an SMS from Fyle the moment there’s a card spend. They just need to reply with a picture of the receipt, which will be reconciled automatically.
Fyle integrates with major accounting platforms NetSuite, Sage Intacct, QuickBooks Online, and Xero with just the login credentials making accounting seamless.
Set up approval workflows across projects, locations, departments, and cost centers. Approvers can also approve, comment, or send back reports from Teams, Gmail, Slack, Fyle’s mobile app, or the web app.
Show MoreOverview of Fyle Benefits
Easy Set Up
Fyle is super easy to set up and use. It sits in everyday apps like Gmail, Outlook, Slack, and Teams, enabling employees to submit their expenses on time and Finance teams to close books on time.
Real-time credit card reconciliation
Credit card reconciliation is real-time. When your employees make a corporate card transaction, they are instantly notified via SMS to submit the receipt. They can reply to the message with a picture of the receipt, and Fyle will automatically match it with the transaction in real-time.
Direct integrations
Fyle also has direct, self-serve integrations with NetSuite, Sage Intacct, QuickBooks Online, and Xero to easily sync accounting data and close your books on time.
Audit-ready and compliant
You also get unlimited receipt storage and detailed audit trails, so you’re constantly compliant and audit-ready. Your data is also secure with us. Fyle has enterprise-grade security, and you have 100% ownership of your data.
Straightforward pricing
Fyle’s pricing is straightforward, and their customer support is reliable. They charge as per “Active User,” someone who creates at least one expense report a month. It is completely usage-led with no lock-in contracts. Their support team is available 24/7 over chat, email, or call, with an average first response time of under 30 minutes.
Show MoreOverview of Fyle Features
- Automatic Data Extraction
- Automatic Policy Enforcement
- Real-time Expense Visibility
- Dynamic Approval System
- Custom Approval Hierarchy
- 3rd Party APIs
- Trip Authorization and Requests
- Multi-Country & Multi-Org Setup
- Automatic Account Syncing
- Corporate Cards
- Advance Management
- Duplicate Detection
- Mileage Claims
- Analytics
- Expense Audit Trail
What Problems Will Fyle Solve?
1. Problem: Employees don’t submit bills on time and finance teams have minimal visibility on payout amounts and some employees have not submitted in over 3 months.
Solutions:
- After implementing Fyle, employees can now submit their expense reports through GSuite integration even when they incur them.
- Fyle mobile app enables employees to capture a picture of receipts, invoices, and other documents on the go.
- Since there is no manual work for employees to enter data, there is no little delay. Admins no longer have to pursue and personally request employees to submit bills on time.
2. Problem
Expense data, receipts, communication information is scattered and a becomes a nightmare for reconciliation.
Solutions
- After implementing Fyle the company did not have to worry about this as Fyle captures expense data and the receipt automatically.
- The expense data, receipts, audit trail, communication around expenses are stored together.
- Furthermore, employees can download reports in PDF with all the receipts stitched together in a single PDF file.
3. Problem
Checking for duplicates and policy violations took so much time and was never done accurately.
Solutions
- After implementing Fyle, the company can see everything via a dashboard of expenses, category wise and accurate information about policy violations and stats around different policies that were violated and employees who frequently violate them.
- Fyle’s engine automatically detects duplicates across the system and warns employees about the possible duplicate at the time of expense creation.
Awards & Quality Certificates
Fyle Position In Our Categories
Knowing that businesses have particular business wants, it is only logical that they avoid preferring an all-encompassing, ideal software solution. Still, it would be almost impossible to try to stumble on such application even among branded software solutions. The efficient step to undertake should be to narrow down the numerous main functions that call for a deliberation such as essential features, packages, technical skill ability of staff members, company size, etc. The second step is, you must do your product research thoroughly. Read some Fyle evaluations and explore the other software products in your shortlist more closely. Such well-rounded research can make sure you take out unsuitable applications and pay for the one which delivers all the benefits your business requires to be successful.
Position of Fyle in our main categories:
TOP
500
Fyle is one of the top 500 Accounting Software products
Since each company has unique business wants, it is prudent for them to abstain from searching for a one-size-fits-all perfect software application. Needless to say, it would be futile to try to find such a system even among widely used software platforms. The clever thing to do would be to jot down the various vital elements that need consideration such as main features, budget, skill levels of workers, company size etc. Then, you should do your homework thoroughly. Read some Fyle Expense Management Software reviews and investigate each of the other solutions in your shortlist in detail. Such exhaustive homework can ensure you weed out ill-fitting systems and zero in on the system that presents all the elements you require for business success.
How Much Does Fyle Cost?
Fyle Pricing Plans:
Free Trial
Standard
$6.99/user/month
Business
$11.99/user/month
Enterprise
Contact vendor
What are Fyle pricing details?
Fyle Pricing Plans:
Free Trial
Standard
$6.99/user/month
Business
$11.99/user/month
Enterprise
Contact vendor
Usage-led pricing: Fyle bills only for users who create at least one expense report in a month (active users). This means you can onboard all employees, but you get charged only for active users. Fyle has 2 plans:
Standard – $6.99/user/month: Minimum 5 active users
- Unlimited receipt scanning with automated data extraction
- Unlimited expense tracking and reporting from Gmail, Outlook, mobile app, Slack, Teams, phone gallery, mileage and Per Diem.
- Personal card management
- Universal statement parser 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: Minimum 10 active users
- All Standard Features
- Visa and Mastercard real-time feeds and notifications
- 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
- 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
- 24×7 named account manager with direct phone and email communication channels
- In-app live chat support
Enterprise – Custom Pricing: Best suited for multi-country enterprises
- All Business features
- Visa and Mastercard real-time feeds and notifications
- 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
User Satisfaction
Positive Social Media Mentions
0
Negative Social Media Mentions
0
We are aware that when you choose to get a Expense Management Software it’s crucial not only to find out how professionals rank it in their reviews, but also to discover if the real users and businesses that purchased it are indeed satisfied with the product. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Fyle reviews across a vast array of social media sites. The data is then featured in a simple to digest format showing how many users had positive and negative experience with Fyle. With that information at hand you will be ready to make an informed buying choice that you won’t regret.
Video
Screenshots
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Monthly payment
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Fyle?
Fyle integrates with the following business systems and applications:
- QuickBooks Online
- NetSuite
- Sage Intacct
- Xero
- TravelPerk
- Bamboo HR
- QuickBooks Desktop
- Gusto
- API integrations with HRMS, CRM, ERP systems
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