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Bringing AI into Expense Management – Interview with Fyle, YES FINTECH Accelerator Autumn Cohort Finalist

Businesses typically lose 5% of their annual revenue to workplace fraud, estimates suggest – that amounts to global losses of $2.9 trillion, with falsification and exaggeration of expense reimbursements being one of the most commonplace causes.

Expense Management software has seen a healthy growth in adoption in the recent years. In 2016, about 50% of companies were using a dedicated platform for expense management. The year 2017 saw a growth of nearly 15% in the implementation of expense management software, Arif Khan, Fyle, shares. Khan adds that the use of expense management software will accelerate financial prudence in organizations in 2018. Detailed insights into v ...

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