What is Fyle?

About Fyle

Fyle is a future-ready expense management software built for this generation, trusted by
Finance and Accounting leaders from over 300 organizations spread across 17 countries. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.

What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com?

App name – Fyle
Published on Intuit’s Apps.com – January 4th, 2018

The world has changed over the last three decades and it’s time expense management
does.

Fyle has invented a new, intuitive way to turn expense reporting real-time. Employees
submit expenses on-the-go within apps they use everyday – Gmail, Outlook, Slack,
WhatsApp, phone gallery. There’s more — all expenses are submitted only after being
checked for policies. This means employees get notified right within these apps if they’re
violating any company policies.

What’s more?

  • A modern corporate card reconciliation software that’ll give your bank’s software a run
    for their money.
  • Automation for literally any expense approval workflow — dependent on employee,
    expense, policy — give us your most complex one.
  • Analytics that’ll keep you on top of everything expenses. MIS, budgets, team-wise
    spends, top violations, you name it.

Check out our detailed feature list to know everything about Fyle’s inner workings:
https://www.fylehq.com/expense-management

What was the main problem you were trying to solve when you first developed Fyle?

“Realising that there are millions of companies where employees complain and hate
their expense report process – it was possible for us to solve a large global problem.

Discussing this problem with Siva, who was a long-time friend and co-worker at Qubole,
we came up with a very unique solution that keeps employee experience at the core of
the product while providing enterprises with a powerful solution for policy compliance
and enforcement.”

– Yashwanth Madhusudan, CEO, Fyle Technologies

What companies (or users) are the best fit for Fyle?

Fyle is best suited for companies with over 100 employees and under 5000 employees
who are looking to streamline their expense management process with a
compliance-driven premium employee experience.

Tell us about your users’ top 3 favorite features or benefits of Fyle.

  1. G Suite and Outlook add-ons to submit expenses directly from their inbox by
    automatically extracting the needed data from the receipt and attaching the
    invoice with the expense form along with policy checks so expenses are
    compliant even before submission.
  2. Instafyle which lets them scan multiple receipts on-the-go, even if offline, while
    Fyle automatically extracts all rich, important information so they don’t have to
    enter details manually and checks for policies to ensure only compliant expenses
    are submitted.
  3. Expense analytics that helps CFOs take data-driven, informed decisions. They get
    a real-time view of their team’s productivity, their employee behaviour towards
    expense submission including all kinds of spends and policy violations.

Tell us about your company’s culture and leadership.

We’re a little over 100 employees today. Since Fyle was born out of a personal
frustration, our vision of solving expense management is embedded in all of our DNAs.
What binds us together though is just solving this problem in a way that people don’t
spend even two minutes thinking about expenses. It’s just an engine that runs smoothly
in the background.

How is Fyle different from your competitors?

“It’s unfortunate that companies struggle with expense management in 2020. Expense
management should just be a process running smoothly in the background.”

– Yash Madhusudhan, CEO, Fyle and sworn enemy of expense reports

Fyle was born out of a personal frustration. We’ve been on both sides. We’re aware of
the frustration that comes along with being disciplined towards submitting expenses —
setting aside a Sunday every month and compromising personal time in order to get the
money we spent for our companies. We also understand that for any expense
management software to succeed, people have to use it. It’s 2020 — people will only use
it if they love it. Hence, unlike conventional softwares, we don’t just focus on mobile and
web apps. We believe that great experience goes beyond traditional web and mobile
interfaces. Fyle has built a screenless experience right inside apps people use everyday.
This is a whole new approach which just works.

With Fyle, employees submit expenses as they happen. There’s no magic — we’ve just
ensured that Fyle is super intuitive and present in apps people use everyday — inside
Gmail, Outlook, WhatsApp, Slack, their phone gallery, camera, etc. We’ve extended this
real-time expense reporting to help companies too. When expenses are being submitted
from these daily apps, they’re also being checked for policies. This means when they
land in the finance team’s bucket to approve or reimburse, they’re compliant and
audit-ready. This is a perfect example of how you can achieve compliance by just
focusing on the best employee experience.

More reasons that make Fyle stand out:

  1. We’re obsessed with providing our customers with a brilliant experience. So, if you
    or your employees are stuck somewhere while using Fyle or just need a little
    hand, we’re around 24×7 and will help you resolve anything within 4 hours.
  2. It’s super easy to implement Fyle. All you need to do is onboard all your
    employees on Fyle and we’ll take care of the rest.
  3. CFOs recommend us and employees love Fyle. Fyle transforms the response
    you’ll receive from your employees when they hear about expenses. From
    frustrating and boring to something that just works.

What is the pricing for Fyle?

Fyle bills only for users who create at least one expense report in a month. These are
called active users. This means you can onboard all employees but you get charged only
for active users. Our plans are divided as below.

  1. Standard – Best for small companies to get started
    $4.99 per active user/month if billed annually
    $6.99 per active user/month if billed monthly
  2. Business (our most popular) – Ideal for mid-size companies with enterprise-grade
    requirements
    $8.99 per active user/month if billed annually
    $11.99 per active user/month if billed monthly
  3. Enterprise – Perfect for large, global enterprises who have advanced security and
    compliance needs
    We offer custom pricing for Enterprises since it’s based on user volume and
    usage.

You can check out detailed pricing-wise feature breakdown and other details here:
https://www.fylehq.com/pricing

Does Fyle have any programs for Quickbooks ProAdvisors?

We do! Please contact us here:
https://www.fylehq.com/accounting-software/quickbooks-online

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