Fyle Inc. introduced a new attribute to the real-time spend management solution for consumers utilizing small business and commercial cards in the US, beginning with Visa. Fyle is going to be among the first spend management platforms to provide immediate and real-time transaction feeds to any Visa-powered credit card customer, with precise registration from the cardholder.
Fyle has combined their current commercial credit cards to provide them with a real-time spend management experience. This immediate data from card feeds and receipts are integrated to make accounting easy and decrease physical work for customers, accounting institutions, and finance teams.
Yashwanth Madhusudhan, CEO, Founder, Fyle, stated, “With this launch, we can offer all customers who have Visa business credit cards access to powerful, AI-driven software to track & manage their card spending. It also gives us the opportunity to collaborate with card issuers who are losing business to new-age corporate card products. For the first time ever, customers won’t have to switch their credit cards to get the best spend management experience.”
As SMBs are getting more advanced AI-based spend management platforms and the liberty to select their commercial credit cards, Fyle is providing its products to any commercial credit card without being conditional on the bank’s tech load. This presents an exclusive partnership prospect to market the services to the bank’s commercial clients.
The real-time feed will diminish the physical effort of organizations and accountants. The organization’s personnel can deposit the everyday receipts from various applications such as Gmail, Outlook, text messages, MS Teams, and Slack, and via Fyle’s Android and iOS mobile applications.
This AI-powered platform immediately codes expense information, designates it to the concerned projects and cost centers, and drives the data to cloud-first ERP and accounting software such as Xero, Sage Intacct, NetSuite, and QuickBooks Online.