Fyle, the industry leader in intelligent expense management, has made an announcement today, concerning the industry’s first AI-powered expense management solution for email. This new solution will enable users to automatically tell of expenses from emailed receipts, made possible with one click directly from Microsoft Office and 365 Google G Suite. The new Google Chrome extension as well as G Suite Add ons, and the G Suite mobile add-on allows for automatic tracking. This tracking will enable the identification of expenses and create reports directly from the Gmail inbox, be it on mobile or desktop devices.
“Challenged by an average expense reporting rate that could take months, we identified Fyle when we were looking to find a solution that would help us deliver an employee experience on par with the rest of our digitized employee services. Since enabling expense submissions directly from the user inbox, we’re seeing employees turn their expense reports around in just a few days. We pride ourselves in how we treat and support our employees, and with Fyle, we’ve now managed to eliminate a previously tedious task while helping productivity at the same time,” said Administration Lead, Innovation Core SEI, Yukari Hoarau.
Employee reimbursement happens to be the second largest expense for companies. In spite of this, little to no innovation has occurred in the past two decades when it comes to technology that has to do with expense management. In this present dispensation, a major portion of business expenses are spent online.
Be it a software subscription invoice or transportation receipts, emails have become the default storage for receipts. Replacing manual expense reporting such as receipt-scanning apps or extensions with web-clippers for taking screenshots of an email, Fyle’s AI-powered apps like the Chrome extension and email add-ons provide an industry-first solution for expense reporting and real-time policy compliance within G Suite and Microsoft Office 365.
Fyle’s Gmail add-on as well as its extension sit safely inside the email inbox and helps in the creation of expense entries, without having to ever leave the inbox. Fyle takes out relevant data from the attached receipt in the message and auto-fills information for reporting the expense. Several details of the expense which includes merchant, currency, and amount are automatically populated from the receipt, which is automatically attached to the expense as soon as it’s submitted.“We built this company to take up arms against the deeply fractured user experience of expense reporting. Today’s Gmail add-on is another step in our quest to use AI to eliminate manual tasks and bring expense management into the 21st-century suite of business solutions along with other commonly used productivity solutions like Slack, Zoom, and QuickBooks. While there are multiple add-ons for CRM, invoicing and task-tracking, we’re excited to be the first to provide a Gmail extension and add-on for expense reporting,”