Fyle
UnclaimedReal-time expense management and receipt tracking for existing corporate cards.
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What is Fyle?
Fyle (expense management): Real-time expense management and receipt tracking for existing corporate cards. Sage Expense Management (formerly Fyle) is an AI-powered expense tracking and management software designed to simplify the entire expense process for businesses. It enables employees to submit receipts and expense details effortlessly through various channels, including text messages, email, and a mobile app. Key capabilities: Real-time expense tracking on existing credit cards, Receipt submission via text message with AI-powered data extraction (OCR), Automated matching of receipts to corporate card transactions, Two-way sync with accounting software (QuickBooks, Xero, NetSuite, Sage), Mobile app for on-the-go expense submission and approval. Fyle is paid-only, with most plans including a trial period. Buyers most often compare Fyle against Divvy, Rexi.
TL;DR - Fyle
- Automates expense tracking and receipt management using AI and OCR.
- Enables real-time expense submission via text, email, and mobile app.
- Integrates with existing corporate cards and accounting software for seamless reconciliation.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces manual tasks and data entry for finance teams.
- Simplifies receipt submission for employees, leading to higher compliance.
- Provides real-time visibility into employee spend.
- Automates reconciliation, saving hours of work.
- Integrates with widely used accounting systems and existing corporate cards.
Cons
- Specific pricing details are not readily available on the provided pages.
- The name change from Fyle to Sage Expense Management might cause initial confusion for users familiar with the old name.
Ratings Across the Web
4.2(3 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Real-time expense tracking on existing credit cardsReceipt submission via text message with AI-powered data extraction (OCR)Automated matching of receipts to corporate card transactionsTwo-way sync with accounting software (QuickBooks, Xero, NetSuite, Sage)Mobile app for on-the-go expense submission and approvalAutomated expense coding and categorizationReal-time policy checks for complianceAutomated expense report generation and submission
Pricing Plans
Growth
$11.99 per active user/month, billed annually
- Unlimited expense tracking and real-time card feeds
- Unlimited receipt scanning with automated data extraction
- Receipt collection & expense completion via Text Messages
- Unlimited expense tracking from Gmail, Outlook, Slack, and more
- Mileage & Per Diem tracking
- Direct integration via real-time feeds
- American Express virtual Cards
- Instant text notifications for card spend, receipt collection via text and automated reconciliation
- Personal card management
- Universal statement parser to import credit card statements
- Automated credit card reconciliation
- Single-stage approvals
- Business rules and real-time policy violation checks
- Custom employee categories and expense fields
- Employee access delegation
- Two-way integrations with: QuickBooks Online, Xero, QuickBooks Desktop (additional cost applicable), Sage 50 (Beta)
- AI-powered Copilot for instant spend insights and real-time support, get expense breakdowns and instant answers to all your queries
- Basic email and knowledge base support
Business
$14.99 per active user/month, billed annually
- All benefits of Growth plan
- Multi-org, multi-stage and policy-driven approvals
- ACH reimbursements (US only)
- Project expense tracking
- Custom data exports including MIS
- Multi-currency, multi-region setup with multiple entities/orgs
- Two-way integrations (one-time implementation fee applicable) with: NetSuite, Sage Intacct (prices differ for existing Sage Intacct customers), Sage 300 Construction & Real Estate (Sage fees as applicable), QuickBooks Desktop (additional cost applicable)
- Direct, third-party and API integrations with any accounting, travel, HRMS and payroll software
- Premium Support with 24/7 live chat and email based support, with a named account manager
Enterprise
Contact us
- All benefits of Business plan
- IP whitelisting of admin accounts
- Google single-sign on (SSO)
- 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
About Fyle
By Toolradar Team·
Sage Expense Management (formerly Fyle) is an AI-powered expense tracking and management software designed to simplify the entire expense process for businesses. It enables employees to submit receipts and expense details effortlessly through various channels, including text messages, email, and a mobile app. The platform uses AI and OCR technology to automatically extract data from receipts, code expenses, and match them to corporate card transactions in real-time, eliminating manual data entry and reconciliation.
The software is built for finance teams and employees, aiming to reduce the time spent on expense reporting, approvals, and accounting. It integrates seamlessly with existing corporate cards and popular accounting software like QuickBooks, Xero, NetSuite, and Sage, ensuring a two-way sync of audit-ready expense data. Key benefits include faster reimbursements, reduced manual tasks, improved compliance through real-time policy checks, and quicker month-end closes, making it ideal for companies looking to streamline their financial operations.
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Fyle FAQ
How does Sage Expense Management (formerly Fyle) facilitate real-time expense tracking with existing corporate credit cards?
Sage Expense Management integrates directly with your existing corporate cards. When an employee makes a purchase, they receive a real-time text alert and can reply with a picture of the receipt. The system's AI then automatically matches this receipt to the corresponding transaction.
What methods are available for employees to submit receipts, beyond the mobile app?
Employees can submit receipts through various channels including text messages, email forwarding, and directly from within everyday apps like Gmail, Outlook, and Slack. This offers flexibility and convenience, eliminating the need for a dedicated app for submission.
Can Sage Expense Management automatically code expenses based on specific rules or accounting data?
Yes, Sage Expense Management uses AI to automatically code and categorize expenses. It can import your Chart of Accounts, Expense Types, and other accounting data, and also allows setting up rules to auto-fill details like categories based on merchant names.
How does the platform handle out-of-pocket expenses like mileage and per diems?
Sage Expense Management includes a mileage tracker powered by Google Maps, requiring only start and end locations, with options for stops or recurring trips. It also allows configuration of advanced per diem rates for different currencies, employee levels, and locations.
What accounting software does Sage Expense Management integrate with for two-way data synchronization?
Sage Expense Management offers direct, two-way integration with popular accounting software such as QuickBooks, Xero, NetSuite, and Sage. This ensures that all approved expense data and receipts are automatically synced to your accounting system in real-time.
How does Sage Expense Management ensure compliance with expense policies?
The platform incorporates real-time policy checks that review every receipt for compliance immediately upon upload. This helps in controlling expenses and instantly informs employees of any policy violations, streamlining the approval process.
Source: fylehq.com