Centime, a Boston-based fintech company specializing in cash management solutions for small to midsize businesses, has announced a strategic partnership with Fyle, a leading expense management provider. This collaboration enhances Centime's platform by incorporating Fyle's advanced expense tracking, reporting, and reimbursement capabilities. The expanded platform allows finance teams comprehensive control over cash flow and expenditures, positioning Centime as an all-in-one solution for financial operations.
"Expense management is crucial to any CFO's cash strategy," stated BC Krishna, CEO and Founder of Centime. "Our partnership with Fyle allows us to provide a holistic approach to managing not only payables and receivables but also employee expenses. This partnership offers CFOs greater visibility and control over their cash inflow and outflow."
As businesses expand, managing employee expenses becomes an integral part of cash management, not merely an operational requirement. Real-time visibility and control over spending are vital for optimizing working capital. The alliance with Fyle enables CFOs to automate expense approvals, enforce policies, and gain instant insights into spending while maintaining cash flow efficiency. By combining accounts payable, accounts receivable, banking, and expense management, Centime empowers mid-market businesses to efficiently manage their entire financial operations.
Centime's expanded solution offers several key advantages. Firstly, Centime Credit Card users receive Fyle's expense management software at no additional cost, adding value for clients. This provides comprehensive cash control by allowing management of accounts payable, accounts receivable, banking, and expenses in one integrated platform, ensuring complete oversight of financial operations.
In addition, users gain real-time insights, enabling them to track employee spending as it happens and monitor budgets with live data and reporting. Automated approval workflows further streamline processes, reducing the need for manual intervention. The integration is seamless, as Fyle works with any card—Visa, Mastercard, and Amex—and major accounting platforms like QuickBooks and Sage Intacct.
To explore the benefits of Centime's enhanced cash management solutions, interested parties can book a demonstration at www.centime.com/demo. About Centime: Centime is the leading platform for cash management, helping small to mid-sized businesses control and manage working capital efficiently. Our platform covers the entire financial workflow—from forecasting, collections, and invoicing to payments, credit, and reporting—by leveraging automation and artificial intelligence.
Centime aims to help finance leaders lower operational costs and optimize cash flow, offering a unique unified solution for accounts payable, receivable, and banking. Named Fintech of the Year by Aite in 2022, Centime is a privately held firm based in Boston, MA. For more information, visit www.centime.com.
Note: Centime is a financial technology company, not a bank. Deposit accounts with Centime are through FNBO and are FDIC insured. Centime Credit Card benefits are subject to credit approval and minimum spending requirements.
