Fyle Reviews & Pricing

by Fyle | Founded 2016, Bengaluru, Karnataka, India

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What is Fyle?

Industry Specialties: Business/Productivity Software, Financial Software.

Fyle is a sophisticated software solution designed to streamline expense management tasks, making it an ideal choice for businesses seeking efficiency in financial operations. It caters primarily to industries with frequent travel and expense reporting needs, such as consulting, technology, and finance. Fyle's standout features include real-time expense tracking, seamless integration with accounting software, and automated receipt scanning, which significantly reduce manual data entry and errors. Users appreciate its intuitive interface and robust reporting capabilities, which provide valuable insights into spending patterns. Compared to similar products, Fyle is often praised for its ease of use and quick implementation. Pricing details are not explicitly available, so potential users are encouraged to contact SelectHub for a tailored quote. Overall, Fyle offers a compelling blend of functionality and user-friendliness, making it a strong contender in the expense management software market.

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User Sentiment

Based on 284 reviews:

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Fyle Pricing

Based on our most recent analysis, Fyle pricing starts at $12 (Per User, Monthly).

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Starting From: $11.99
Pricing Model: Per User, Monthly
Free Trial: Yes, Request for Free

Training Resources

Fyle is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Fyle:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Fyle Benefits and Insights

Why use Fyle?

Key differentiators & advantages of Fyle

Streamlined Expense Reporting: Fyle automates the process of capturing and submitting expenses, reducing the time employees spend on manual entry and allowing them to focus on more strategic tasks.
Real-Time Policy Compliance: With Fyle, expense policies are enforced in real-time, ensuring that employees adhere to company guidelines and reducing the risk of non-compliant expenses.
Seamless Integration: Fyle integrates effortlessly with popular accounting software like QuickBooks and Xero, ensuring a smooth flow of financial data without the need for manual data transfers.
Enhanced Visibility and Control: Managers gain instant access to detailed expense reports, enabling them to monitor spending patterns and make informed budgetary decisions.
Improved Accuracy: By leveraging OCR technology, Fyle minimizes human error in expense reporting, ensuring that data is accurate and reliable.
Time Savings for Finance Teams: Automated workflows and approvals reduce the administrative burden on finance teams, allowing them to allocate resources to more value-added activities.
Mobile Accessibility: Employees can capture and submit expenses on-the-go using Fyle's mobile app, increasing convenience and ensuring timely reporting.
Customizable Approval Workflows: Fyle allows businesses to tailor approval processes to their specific needs, ensuring that expense reports are reviewed and approved efficiently.
Data-Driven Insights: Fyle provides analytics and reporting tools that help businesses identify spending trends and optimize their expense management strategies.
Enhanced Employee Experience: By simplifying the expense reporting process, Fyle reduces frustration and improves overall employee satisfaction.
Cost Control and Reduction: With better visibility into expenses, companies can identify areas for cost savings and implement measures to reduce unnecessary spending.
Secure Data Handling: Fyle ensures that sensitive financial data is protected with robust security measures, giving businesses peace of mind.
Scalability: As businesses grow, Fyle can easily scale to accommodate increased transaction volumes and more complex organizational structures.
Environmental Impact Reduction: By digitizing expense reports, Fyle helps companies reduce paper usage, contributing to sustainability efforts.
Global Compliance Support: Fyle supports multi-currency and international tax compliance, making it suitable for businesses with global operations.

Industry Expertise

Fyle specializes in expense management software, particularly for small and medium-sized businesses (SMBs). It's best suited for companies that use corporate credit cards from major networks like Visa, Mastercard, and American Express, as Fyle integrates directly with these networks to provide real-time expense data and automation.

Fyle Reviews

Average customer reviews & user sentiment summary for Fyle:

284 reviews

90%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Fyle reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

AI-Powered Automation: Fyle uses AI to automate expense reporting, which reduces manual data entry and speeds up reimbursements.
Seamless Integrations: It integrates with popular tools like Gmail, Outlook, Slack, and Teams, making it easy for users to submit expenses directly from these platforms.
Mobile Accessibility: The mobile app allows users to snap photos of receipts and submit expenses on the go, simplifying expense tracking for those who travel frequently.
Real-Time Visibility: Fyle provides real-time insights into company spending, giving businesses a clear view of their financial activities.

Cons

Limited Customization: Users have reported limitations in customization options, which may not suit businesses with unique expense management needs.
Mileage Tracking Issues: Some users have experienced occasional issues with the accuracy and reliability of the mileage tracking feature.
Missing Direct Integrations: Fyle currently lacks direct integration with popular taxi apps like Uber and Ola, potentially creating extra steps for users who frequently use these services.
Gmail Add-on UI Issues: The user interface of the Gmail add-on has been criticized, with some users finding it difficult to navigate and use effectively.

Researcher's Summary:

Is Fyle really just another expense report compiler, or does it live up to the hype? User reviews from the past year paint a largely positive picture of Fyle as a user-friendly and efficient expense management solution. Users consistently highlight its intuitive interface, which makes expense tracking a breeze, and its seamless integration with other tools, particularly its ability to pull receipts directly from email and scan them for data. This streamlined approach eliminates the need for manual data entry and receipt hoarding, saving users valuable time and reducing errors.

However, some users point out areas for improvement. For instance, the Gmail app UI could be more refined, and the inability to map expenses by bill date instead of just the reporting month limits its analytical capabilities. Despite these minor drawbacks, Fyle's strengths in automation, user experience, and integration make it a compelling choice for businesses looking to simplify their expense management processes. Its real-time credit card feeds and automated receipt reconciliation features are particularly beneficial for companies with frequent travelers or high expense volumes. Overall, Fyle proves to be a valuable asset for businesses aiming to streamline their financial operations and empower employees to manage expenses efficiently.

Key Features

Notable Fyle features include:

Real-Time Expense Tracking: Automatically captures expenses as they occur, reducing manual entry and errors.
Receipt Scanning: Utilizes OCR technology to extract data from receipts, streamlining the submission process.
Credit Card Reconciliation: Matches expenses with credit card transactions, ensuring accuracy and completeness.
Policy Compliance Checks: Instantly flags non-compliant expenses, helping maintain adherence to company policies.
Multi-Currency Support: Handles expenses in various currencies, converting them to the base currency for consistency.
Custom Approval Workflows: Allows configuration of approval processes to fit organizational needs, enhancing control.
Integration with Accounting Software: Seamlessly connects with platforms like QuickBooks and Xero, facilitating smooth data transfer.
Mobile App Accessibility: Provides a user-friendly mobile application for on-the-go expense management.
Advanced Analytics and Reporting: Offers detailed insights into spending patterns, aiding in financial decision-making.
Per Diem Management: Simplifies the handling of daily allowances, ensuring compliance and ease of use.
Customizable Expense Categories: Enables the creation of specific categories to match business requirements.
Automated Reminders: Sends notifications to users for pending tasks, ensuring timely submissions and approvals.
Data Security and Privacy: Employs robust security measures to protect sensitive financial information.
Multi-Level Access Controls: Provides different access levels to users based on their roles, enhancing security and efficiency.
Seamless Integration with Travel Platforms: Connects with travel booking systems to automatically import travel expenses.
Customizable Dashboards: Allows users to tailor their dashboard view for quick access to relevant information.
Audit Trail: Maintains a comprehensive log of all actions taken within the system, supporting transparency and accountability.
Bulk Expense Upload: Facilitates the import of multiple expenses at once, saving time and effort.
Tax Compliance Features: Supports tax calculations and compliance, reducing the risk of errors in reporting.
AI-Powered Insights: Leverages artificial intelligence to provide actionable insights and recommendations.