What is Finly and how does it work? Finly is an expense management solution that operates on the cloud and generates reports of all expenses incurred by employees or users. Similar to other expense management software, Finly uses an OCR tool to scan both paper and digital receipts. The software automatically extracts relevant information from the receipts to create an expense report. This report is then reviewed by a manager for approval or rejection before being sent to the finance department. The finance department uses the report to reimburse employees based on the company’s policy and also helps monitor expenses within the allocated budget. In addition to expense management, Finly integrates with accounting tools, eliminating the need to switch between multiple apps. Users can directly export data to their accounting software. Finly is trusted by major corporations such as Reliance Mobile, Videocon, Essel Group, and more.
