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Interview with Yashwanth Madhusudhan, CEO and co-founder of Fyle

Yash was a traveling salesman who quit his job and founded Fyle to address a personal frustration – losing time and money to business expense reporting. In 2016, he teamed up with Sivaramakrishnan Narayanan to put an end to all the frustration and problems that come with expense management. 

Yash & Sivaramakrishnan, founders of Fyle

Backed by some of the leading Venture Capital firms like Tiger Global, Steadview Capital, and Recruit Holdings, we’ve raised over $10 million in venture capital. We launched in the US about a year and a half ago and now work with 300 customers across 83 different countries.

Over the last five years, we have created a new standard in employee expense management that blends consumer-grade experience with enterprise-grade control. As a result, Fyle delivers a seamless user experience, enhanced control, and automated compliance from implementation to support.

Fyle imagines a world where not a single second is spent on managing business expenses.

So, we created software so intuitive; it practically does all the work with very little need for human interference. 

How do we differentiate ourselves from others in the market?

We’re neither a desktop nor a mobile app like most other expense management software. Instead, we’re present inside everyday applications like G-Suite, Outlook, Slack, and other apps our customers use on a regular workday.

Fyle, the expense tracking software

This means employees can track receipts without even opening the Fyle app. They can save a receipt to Fyle as they would post a lovely picture on Instagram – with one click.

By making expense reporting incredibly simple, Fyle helps drive behavioral change wherein tracking receipts as they occur becomes second nature to employees.

Further, Fyle gets direct feeds from whichever corporate card providers businesses use, so all spend data is made available on a unified expense management dashboard.

Tight-knit integrations with accounting software like Quickbooks, NetSuite, Sage Intacct, and travel management software like TravelPerk make a perfect marriage an efficient finance function. 

Fyle is flexible and gives Finance teams complete freedom to run their operations precisely as they want – we can automate just about anything you need, no compromises.

Written by Fredd

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