Fyle

Fyle

4.5
(4321 reviews)

Automate Expenses, Close Books Faster with Ease

Fyle, now known as Sage Expense Management, is an expense tracking software that automates receipt collection and expense coding via text, significantly reducing manual tasks and speeding up the reconciliation process for small businesses and mid-market companies.

Finance & AccountingExpense ManagementExpense TrackerCredit Card Expense ManagementExpense Management

Overview

Fyle is an advanced expense tracking software designed for small businesses and mid-market companies, previously known as Sage Expense Management. This innovative platform allows users to manage credit card expenses effortlessly by simply texting a picture of their receipts. The AI technology automatically extracts essential data such as Merchant, Date, Amount, and Category, significantly reducing manual effort.

Key features include real-time expense management, automatic coding of expenses, and instant matching of transactions with business credit card data. Users can submit expense reports through familiar applications like Gmail and Outlook, or via a user-friendly mobile app. The system also prompts for additional expense data, ensuring accurate categorization according to the user's General Ledger.

Fyle is ideal for businesses tired of managing shoeboxes of receipts and tedious spreadsheets. The main benefits include a 90% reduction in manual tasks, faster reimbursement times, and a significant decrease in errors and miscategorized expenses. With Fyle, companies can achieve faster closes and less work for everyone involved, making it a trusted choice for over 2500 customers.

Pricing Plans

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Pricing Model: freemium - $6.99/month (per user)

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Pros (8)

  • Automates the entire expense management process, reducing manual tasks by 90%
  • Collects receipts 5X faster via text
  • Automatically codes expenses and matches transactions
  • Real-time expense management on existing credit cards
  • 95% reduction in errors and miscategorized expenses
  • 70% of reports approved within 12 hours
  • 67% of employees prefer the Sage Expense Management web app
  • Faster month-end close, reducing time from 15 days to 10 days

Cons (1)

  • No specific cons mentioned on the website

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