The Fyle-Xero interface allows for safe, bidirectional data transfer between the two applications.
Fremont, CA: Fyle was created to minimize the amount of time spent on company costs. Fyle is the new standard in small business expenditure management, designed for employees and finance teams. Fyle helps finance teams balance their books quicker by providing real-time card feeds, tight accounting connections, simple receipt tracking, approvals, expenditure restrictions, and thorough analytics.
Fyle Inc. has launched its app in the Xero App Store. Xero is among the cloud-based accounting software platform used by small businesses worldwide. In addition, Fyle has undertaken another step toward making expenditure management easier for its clients by making it available on the Xero App Store.
"We are focused on automating every step of the expense management process. We have built a tool that is intuitive and easy to use for employees and finance teams alike. Our integration with Xero has helped many customers reduce time and effort by automatically coding and populating all expense data. We're happy to go live on the Xero App Store as a Xero-certified app partner," says Yashwanth Madhusudan, Co-founder and CEO of Fyle.
Fyle was created with one aim: not a single second must get spent managing business spending. Fyle is integrated into common programs such as Gmail, Outlook, Slack, Microsoft Teams, and SMS messaging, allowing users to manage to spend on the move. The Fyle-Xero connection automates the last stage of the accounting process. It syncs and codes all expense-related data in real-time, including charts of accounts, workers, vendors, receipts, tax codes, and custom data.
"We have been using Fyle for almost two years, reducing our expense management effort by 60%. The Fyle-Xero integration reduces the time I spend downloading expense data, mapping all relevant fields, and then uploading it into Xero. By auto-mapping everything from receipts to charts of accounts, we have more time to spend on other important areas of work," said the Finance Operations Manager at a leading automotive tech platform.
The new Xero App Store app combines Fyle's cost tracking features with Xero's strong accounting automation. Fyle primarily serves small and medium-sized enterprises and quickly enables customers to manage spending via common apps. For example, receipt submissions may get as simple as attaching a snapshot of the receipt to a text message.
The Fyle-Xero interface allows for safe, bidirectional data transfer between the two applications. Finance teams can quickly import vendor, employee, project, chart of accounts, tax codes, and other custom data from Xero, push reimbursable and card spend data, receipts, currencies, approval status, and more through Fyle. Its automatic sync allows accountants to save time and close their books more quickly.
