Fyle
4.5
1,996
Fyle is a real-time expense management platform that streamlines the expense management process for accountants. It allows employees to submit expenses from everyday apps and use Fyle's mobile app to snap pictures of receipts. Fyle automatically extracts, codes, and categorizes data from receipts, checks for policy violations, and pushes data to accounting software. It offers real-time credit card reconciliations, approval workflows, and seamless integration with accounting software. Fyle is best suited for companies with 50 to 500 employees.
Strengths
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Ease of use
Intuitive interface and simple navigation
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Integration
Seamless integration with popular accounting software
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Automation
Automated expense tracking and reporting
Weaknesses
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Pricing
Relatively expensive compared to competitors
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Limited features
Lacks some advanced features offered by other expense management tools
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Customer support
Some users report slow response times from customer support
Opportunities
- Growing demand for expense management tools in the market
- Opportunity to expand into new international markets
- Potential for partnerships with other SaaS providers to offer bundled services
Threats
- Intense competition from established and emerging players in the market
- Potential impact of economic downturn on demand for expense management tools
- Changes in tax and accounting regulations could impact the demand for expense management tools
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Fyle Plan
Fyle offers three pricing plans starting at $4.5/user/month with increasing features such as advanced reporting and integrations.
Standard
6
1 active user/month Per Year
Ideal for small and growing companies
Unlimited receipt scanning with automatic data extraction
Unlimited expense tracking and reporting from Gmail, Outlook, mobile app, Slack, Teams, phone gallery, mileage, Per Diem, etc.
Personal card management
Generic statement parser for reconciliations
Single-stage approval
Multi-currency conversion
Custom expense categories
Custom employee fields
Basic delegate access
Fyle branded expense reports
Intuit Quickbooks Online Accounting integration only
Email and Knowledge base support
Business (Most popular)
11
1 active user/month Per Year
Perfect for mid-size companies with enterprise-grade requirements
Everything in Standard +
Visa real-time notifications
Corporate card management including automatic reconciliations, bank feed setup and multiple card program management
Multi-org, multi-stage and policy-driven approvals
Advanced policy engine to enforce complex policies in real-time based on all employee and expense parameters
Pre-spend approvals for trips and advances
ACH reimbursements and bank-friendly custom exports
Analytics around turnaround time, top policy violations, top spenders, card expenses, travel spend and booking, and end-to-end expense management cycle
Custom data exports including MIS
Custom employee and expense field configurations
Multi-currency, multi-region with multiple entities/orgs setup
Direct, third-party and API integrations with any accounting, travel, HRMS and payroll software
24x7 named account manager with direct phone and email communication channels
Detect duplicates, weekend and holiday expenses
SSO Free Forever
Manage Basecamp, Smartsheet, ClickUp, Asana, Navan (Formerly TripActions), SAP Concur, Expensify, Airtable, Wrike, Microsoft Dynamics 365 with SSO
