Fyle
A detailed review of Fyle's expense management software with pricing, comparisons to competitors, key information, and FAQs.
Updated on August 19th, 2022
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Fyle is global expense management software that helps businesses of all sizes automate and streamline company spending tasks, such as expense tracking, reimbursements, approvals, and reconciliations.
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At-a-Glance:
Feature | Fyle |
---|---|
Starting price | From $6.99 /user /mo. |
Free trial | x |
Automated receipt data extraction | ✓ |
Expense reporting | ✓ |
Multilevel approvals | ✓ |
Compliance | ✓ |
Multicurrency support | ✓ |
Travel management | ✓ |
Mobile app | ✓ |
Live chat support | x |
Review:
Fyle offers companies an affordable and comprehensive expense management solution to simplify the tracking and reporting process. With various packages on offer, the platform is well-suited to small, mid-sized, and large international businesses.
Fyle's software includes receipt scanning and expense tracking tools, card management, multilevel approvals, expense categorization, reporting, multicurrency support, and automatic reconciliations. The platform also has extensive customer support on offer, including in-app live chat support and a dedicated account manager.
Pros:
- Fyle is used and trusted by more than 500 global companies, including Bbot, Precor, and FreshWorks.
- The platform offers special discounted offerings to non-profits, educational institutions, and religious organizations.
- Users can automate tedious expense tasks, such as reporting, approvals, and travel reimbursements.
- The software has a Chrome extension and Office365 plugin for automatic receipt data extraction.
- Businesses can integrate their card providers with the software to get clean transaction feeds and store card statements.
- Users can create expense reports, categorize spending, flag out-of-policy spending, and store data on the Fyle mobile app.
- Companies can detect fraud and ensure continuous compliance with the software's policy checking tool.
- Fyle integrates with various accounting, collaboration, and travel management software for seamless expense management.
- Other tools include real-time reporting and analytics, expense reimbursements via ACH, customized alerts, and budgetary controls.
- The platform offers account customizations for companies with international locations or multiple currencies.
Cons:
- Fyle does not offer a free plan or a free trial.
- Only the more costly plans include multicurrency capabilities and in-app live chat support.
Reputation:
On G2, Fyle has a 4.6-star rating based on more than 890 reviews. Many users praised the software's ease of use, rapid approval processes, and robust mobile app. However, some reviewers mentioned that the app can be slow at times.
Five users on TrustRadius gave the platform an overall score of 8.9 out of 10, noting the software's impressive expense tracking and reimbursement tools. However, several reviewers were disappointed that the software lacks bulk bill uploading features.
On the App Store, Fyle's mobile app has a 4.1-star rating based on more than 20 reviews, with reviewers noting its user-friendly interface and technical efficiency.
Pricing:
Plan | Monthly Pricing* | Annual Pricing* |
---|---|---|
Standard | $6.99 /user. | $4.99 /user /mo. |
Business | $11.99 /user. | $8.99 /user /mo. |
Enterprise | Contact for quote. | Contact for quote. |
*There are special discounted offerings available for nonprofits, educational institutions, and religious organizations.
Standout Features:
1. Automation.
The platform automates almost every expense management task, improving efficiency, reducing costs, and giving finance teams greater visibility into company spending. The automation tool digitizes paper receipts with ease, creates comprehensive expense reports, eliminates accounting errors, and ensures a hassle-free reimbursement process.
2. Travel management.
Fyle offers robust travel expense tracking and reimbursement tools, making it easy for users to book trips, approve itineraries, and submit reports. Employees can access pre-defined requisites for travel bookings, per diem and business mileage tracking, real-time insights into trip request statuses, and post-trip reimbursements.
Companies benefit from compliance for all employee trip booking and expense claims, automated approval workflows, easy handling of multiple corporate credit card programs, and streamlined employee travel reimbursements.
Fyle vs. Expensify:
Fyle and Expensify both offer automation, receipt capturing, and expense policies. While both platforms have paid packages, only Expensify has a free plan available, making it the more budget-friendly option of the two. However, Fyle features built-in multicurrency support, which Expensify lacks.
Fyle vs. Expensify Comparison:
Feature | Fyle | Expensify |
---|---|---|
Starting price | From $6.99 /user /mo. | Free and paid options. |
Free plan | x | ✓ |
Expense reporting | ✓ | ✓ |
Built-in accounting software | x | ✓ |
Multicurrency support | ✓ | x |
Mileage tracking | ✓ | ✓ |
Customer support | Email and in-app live chat. | Email and phone. |
Fyle vs. Divvy:
Like Fyle, Divvy offers automated expense reporting, accounting integrations, and mileage tracking. Of the two platforms, Divvy is more budget-friendly, as the software is completely free to use, while Fyle only has paid plans on offer. However, Fyle is more feature-rich, with dedicated account managers and multicurrency support available.
Fyle vs. Divvy Comparison:
Feature | Fyle | Divvy |
---|---|---|
Starting price | From $6.99 /user /mo. | Free. |
Free plan | x | ✓ |
Automation | ✓ | ✓ |
Multicurrency support | ✓ | x |
Unlimited corporate cards | ✓ | ✓ |
Travel management | ✓ | ✓ |
Customer support | Email and in-app live chat. | Email and phone. |
Fyle vs. SAP Concur:
While Fyle and SAP Concur both feature automation, travel management, and a mobile app, the latter platform is slightly more feature-rich, with robust invoicing and billing tools available. However, SAP Concur is quote-based, whereas Fyle's pricing starts from $6.00 per user per month. Neither platform offers a free plan.
Fyle vs. SAP Concur Comparison:
Feature | Fyle | SAP Concur |
---|---|---|
Starting price | From $6.99 /user /mo. | Contact for quote. |
Free trial | x | ✓ |
Expense reporting | ✓ | ✓ |
Travel management | ✓ | ✓ |
Invoicing and billing | x | ✓ |
Multicurrency support | ✓ | ✓ |
Customer support | Email and in-app live chat. | Phone and live chat. |
Key Information:
Legal Name | Fyle Technologies Pty Ltd. |
Founder | |
Founding Date | Jan 01, 2016 |
Address | 2035 Sunset Lake Rd., Ste. B-2, Newark, DE 19702 |
Number of Employees | 110 |
Number of Customers | 500 |
Website |
News & Activity:
Date | News or Activity |
---|---|
April 25, 2022 |
FAQs:
What is Fyle?
Fyle is expense management software that helps businesses of all sizes track, approve, analyze, and manage company spending.
What does Fyle cost?
Fyle's monthly pricing starts from $6.99 per user for a minimum of five active users.
Does Fyle have an app?
Yes Fyle's mobile app is available for Android and iOS users.
Does Fyle have a free trial?
No, Fyle does not offer a free trial, but users can request a demo of its software.