Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announces the acquisition of Fyle, an AI-powered expense management platform that transforms how SMBs track and manage expenses. This acquisition strengthens Sage's ecosystem, empowering SMBs with AI-powered tools that simplify and automate financial workflows, freeing up time for business owners and financial leaders to focus on high performance and growth.
Founded in 2016, Fyle was born out of the founders’ frustrations with expenses – managing clunky workflows, manually aligning receipts to charges, and waiting long periods while employers processed reimbursements. Fyle addresses these challenges by creating a more innovative, simpler system. With Fyle, accounting and finance teams can receive real-time notifications on their transaction data. Given that it is card-agnostic, businesses can retain their existing credit card programs while automating their expenses. Fyle also provides an intuitive user experience for end-users, allowing them to submit and reconcile expenses with a simple text. Today, the company employs over 150 staff members and supports more than 1,600 direct customers in the US, as well as thousands of additional users under a white-label agreement.
“In 2025, financial leaders are expected to play much more strategic roles than ever before and are looking for every way to get a high-performance edge. We know expense management is a key workflow for finance. Fyle streamlines and automates the entire process, further simplifying SMB finances with the help of AI. I look forward to working as one team to create real and immediate impact for our customers,” said Dan Miller, EVP Financials and ERP, Sage.
“Our mission has always been to make expense management intuitive -- so that our users never have to actively think about the task in any meaningful way, and so that their finance departments have the data transparency and assurance they need during close. As a longtime partner of Sage, we know the company shares our focus on delivering great software experiences, and we are excited about the collective impact we can have on the financial operations of SMBs, who are 90% of the global economy,” said Yashwanth Madhusudan, CEO and co-founder of Fyle.
Fyle will continue to integrate with third-party accounting and financial systems. Within the Sage ecosystem, Fyle already integrates with Sage Intacct and Sage 300 Construction and Real Estate, with broader rollouts planned across North America and beyond in the near term.
Disclosures:
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Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.
Fyle makes expense management effortless and instant for small and medium sized businesses by automating every interaction between employees, finance teams, and accounting systems. Its AI-driven platform embeds receipt capture within everyday apps and surfaces real-time insights to slash month-end close times. Fyle was founded by Yashwanth Madhusudan and Sivaramakrishnan Narayanan in 2016 and is trusted by over 1,600 businesses to keep spend transparent, compliant and radically simple.
