Bengaluru-based Fyle, a fintech startup aiming to simplify expense management for businesses and their employees, has released a new Outlook Add-In to supplement its services.

The startup uses artificial intelligence to perform data extraction services for receipts and online expenses. Founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, Fyle has a client list including Capillary Technologies, Zivame, and Teach for India.

“Instead of writing down information or keeping physical copies of the receipts, Fyle keeps a record of it all – extracts information from your email or photographs of paper receipts,” Madhusudan said. “The app automatically updates and prepares a report that can be submitted to the administration at the end of your cycle.”

With a goal of helping employees spend their time more productively, the company’s software-based platform is available as a website app, a mobile app and a chrome extension for Gmail, aside from the Outlook Add-in. For the Outlook Add-In, it is found in the Office 365 store.

“Like people no longer say ‘Search something on Google’; they just say ‘Google it’,” Madhusudan said. “Our goal is to make the world spend and just ‘Fyle’ it.”

The Software-as-a-Service company has seen a positive response to their new add-in since its release which could lead to a demand for expense management and services such as those provided by Fyle.

The company has seen need for services on an international level including in Singapore, Australia, the US and Netherlands.

The startup’s new product, the Outlook Add-In is offered for Outlook on the web, Outlook 2013+, Outlook 2016+ and Outlook 2016 for Mac.

“Simplest way to file expenses. Really effortless. Best Outlook add-in that I have seen so far,” Kedar, a Fyle user said.

(Picture courtesy: Fyle)