Fyle vs Spendesk Comparison

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Fyle

Expense Management Software

4.7 1,258 user ratings

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96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Spendesk

Expense Management Software

4.7 635 user ratings

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Overview

Description

Fyle is an expense management software for modern finance teams. It helps to improve the financial productivity, cost savings, and employee satisfaction. Users can easily integrate all expenses from everyday apps such as Outlook, Gmail, Slack, etc. Data is extracted automatically from the receipts and checked for policies even before being submitted. Fyle’s intelligent solutions can eliminate all expense management problems faced by future-ready organizations. This is achieved by allowing the managers to approve expenses before spending, keeping all receipts handy, closing the reimbursement cycle, and accounting books faster. Also, employees can scan paper receipts, track business mileage, and compile all aspects of the expense report in one place. It provides advanced analytics and data reports regarding expense patterns and allows the management to make informed decisions. The businesses can also use the tool to replace outdated bank softwares with advanced corporate card management software. Another important feature is its GDPR-compliant, enterprise-grade, encrypted data security. All this makes Fyle easily scalable to organizations of varying levels. Read more

Spendesk is a management solution that allows the company’s finance teams to manage spend approvals, company cards, invoice management, expense reimbursements, and automated accounting. Spendesk is a scalable solution that is designed to evolve with the organization. It allows users to generate single-use, capped virtual cards for a one-off purchase, preventing internal and external fraud risk. The organizations can reduce risk over pre-payment approvals and unique virtual cards by centralizing control over employee spending. Users can also set limits by defining teams and individual thresholds. Users can streamline approvals by decentralizing authority and defining approval workflows which will give total visibility on spending. Spendesk is an ingenious tool that provides a report that shows a company's purchase history with a full audit trail of requests, reviews, approvals, and exports. Users can view consolidated data for all team transactions in real-time with all vital payment information. This enables them to regulate cash flow and anticipate upcoming supplier payments. Read more

Pricing Options

Free Trial Available
Starts at $4.99. Offers Custom plan.

Free Trial Not Available
Offers Custom plan.

SW Score & Breakdown

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

98%
Reviews

83%
Momentum

69%
Popularity

89%

96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

88%
Momentum

69%
Popularity

92%

Features

Total Features	13 Features	14 Features
Common Features for All	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 10 More - Show Less	Bank Feed Sync Can sync with bank notification and fetch expenses to make entries in the record book. Card Spending Tracker Automatically tracks the expense done using a linked debit or credit card. Expense Approval Managers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected. Mileage Tracking Facilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports Multi-level Approval A sequential and thorough review process to approve expenses. Multiple Reporting Currency Reports entries from different origin currencies in the native exchange rate. Receipt Management Store and manage receipts of the expenses incurred by the employees. Receipt Scanner OCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go. Reconciliation Summary A statement prepared to report total outstanding payments and receipts. Reimbursement Management Helps in managing employee expenses claims and regularize the approval process. Spend Control To reduce spending and prevent unauthorized use by setting transactional control. Tax Claim Helps with tax reclaim on expenses and maximizes the tax benefit of the organization. Third-party Integration Offers synchronization with third-party applications Time & Expense Tracking Time and Expense is the process of recording and tracking hours worked and expenses as they relate to projects + 11 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.7/5 1,258 user ratings	4.7/5 635 user ratings
Rating Distribution	Excellent 76.6% Very Good 19.7% Average 2.9% Poor 0.6% Terrible 0.2%	Excellent 81.3% Very Good 15.3% Average 1.4% Poor 0.5% Terrible 1.6%
User Sentiments	Ease of use, Receipt Scanning Accuracy, Extensive Integrations, Fast Reimbursements Occasional Software Glitches, Mobile App Functionality, Receipt Parsing Inaccuracies, Confusing Expense Reporting Workflow	Easy to Use Interface, Virtual Card Creation, Receipt Scanning and Upload, Quick Expense Reimbursements Virtual Card Payment Issues, Receipt Recognition Errors, Account/Payment Access Issues, Slow Customer Support Response
Review Summary	Overall, Fyle garners positive feedback from users, receiving average to above-average review scores across various reputable software review platforms like GetApp, Finance Online, G2, Capterra, and SoftwareSuggest. Reviewers commend its user-friendly interface, ease of use, efficient expense reporting and reimbursement features, smooth integration with accounting systems, and responsive customer support. However, some users have encountered issues with the mobile app, reporting occasional bugs and glitches. Additionally, a few reviewers have mentioned limited customization options and difficulties in generating specific reports.	Spendesk, a spend management solution, has garnered both praise and criticism from users. Reviewers commend its user-friendly interface, real-time tracking capabilities, and robust expense management features. However, some users have expressed concerns regarding occasional technical glitches, limited customization options, and the need for improved customer support. Additionally, discrepancies in pricing information and occasional difficulties in integrating with accounting software have been noted. Overall, while Spendesk offers a comprehensive suite of features, there is room for improvement in certain areas to enhance user satisfaction and address pain points.
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Pricing

Pricing Options	Free Trial Available Starts at $4.99. Offers Custom plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Standard $4.99 $6.99 per user / month Business $8.99 $11.99 per user / month Enterprise Custom	Starter Custom Essentials Custom Scale Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

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