Manage your expenses better - Fyle
Pros
- Automatic details filling feature of Fyle saves a lot of time in browsing each and every receipt and then entering the details
- Categorization provided by Fyle assists in reducing navigating and search time for itemizing the bills
- Linking the audit feature from Fyle has helped in reducing the turnaround time for audit queries and thus improved productivity for audit team
- Keeping a complete track of all claims submitted in the dashboard provides a clear view of what expenses are penign to be approved by audit team
Cons
- Though intellisense is built in the software, but it doesn't remember beyond 3 items - this needs much improvement as receipts are mostly picked haphazard while filing the claim in bulk
- Once the vendor name is filled by one employee in the organization, the same should get stored centrally so that every other person does not have to re-enter the name again and again - which even leads to multiple entries for same vendor every time a new report is created
- When review question is posed by the auditor, there is no way to check if the employee response is read by the auditor - feature highlighting whether both the question or response is read by the concerned party should be there which helps in acknowledgement too
Return on Investment
- Fyle has had a positive ROI for my organization
- It has helped in reducing costs for my organization by 2 man-months
- It has reduced the turnaround time for claims processing from 4 weeks to 2.5 weeks
- The overall satisfaction level about the audit department has improved by 2 points since we started making use of Fyle
Alternatives Considered
Zoho Expense and Concur Travel and Expense
Other Software Used
NetApp SaaS Backup for Microsoft Office 365 and Salesforce, AnyDesk, Microsoft Power BI
