Sage, a global leader in business management software, has officially acquired Fyle, an AI-powered expense management platform. The deal reflects Sage's ongoing push to enhance its offerings for small and midsize businesses (SMBs) by simplifying how those businesses, and their accountants, handle expense reporting.
Expense reporting is often one of the most tedious and error-prone processes for SMBs, especially those with multiple departments or field teams. By acquiring Fyle, Sage aims to eliminate much of the manual labor typically involved in tracking, coding, and approving employee expenses.
With this acquisition, Sage can now offer customers a more integrated way to manage expenses across platforms like Sage 300 Construction and Real Estate (CRE) and Sage Intacct. For accountants, controllers, and bookkeepers working with SMB clients, this means fewer data entry headaches and more real-time insights.
The acquisition reflects a shared commitment by both companies to simplify finance operations through automation and intuitive design. In the announcement, Yashwanth Madhusudan, CEO and co-founder of Fyle, commented:
"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.”
Dan Miller, EVP of Financials and ERP at Sage, commented on the strategic importance of the acquisition in addressing the evolving role of finance professionals:
“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 AI. I look forward to working as one team to create real and immediate impact for our customers.”
For professionals in the accounting world, especially those supporting project-based SMBs, this integration offers several practical benefits:
By reducing friction in these workflows, accounting professionals can focus more on strategic advising and less on administrative cleanup.
Fyle will continue to operate as an open product within Sage’s ecosystem, maintaining its existing integrations with Sage Intacct, Sage 300 Construction and Real Estate, and other third-party financial systems. All Fyle employees, including co-founders Yashwanth Madhusudan and Siva Narayanan, will join Sage. While branding may evolve over time, the platform will remain familiar to existing customers, with broader rollouts planned across North America.
This acquisition reinforces Sage's commitment to modernizing back-office functions for SMBs. By bringing Fyle's AI-driven capabilities into its ecosystem, Sage not only strengthens its software suite but also empowers accounting professionals to work smarter.
As automation continues to evolve, integrations like this one show how technology can transform day-to-day operations for firms and clients alike without adding complexity.
This article was generated by AI and reviewed and edited by a human.