New Feature Announcement: Intelligent Receipt Matching
Combining Artificial Intelligence with advanced analytics, Webexpenses Intelligent Receipt Matching provides a fast, simple and secure way to pair receipt and expense claim information using the expense management app.
The feature works for any kind of claim but it’s particularly effective when used to handle imported company credit card data.
How does it work?
- When a receipt image is uploaded, it’s automatically scanned to identify the date, amount and cost type.
- The Webexpenses feature then uses this information to find matches, or partial matches, with the items contained in a user’s claim.
- When a match is found, it’s a simple one-click process to accept.
- When it’s a partial match or there’s more than one choice, the user simply selects the right option.
Smarter management of card costs
The feature is just the latest phase of Webexpenses’ ongoing work to transform the expenses journey and to remove each and every pain-point within expense management.
By removing the need to manually match receipts against company card costs, this tackles a longstanding frustration that’s faced by both claimants and finance administrators.
Having to manually search through information takes time and it also means that human errors are inevitably made - matches are missed, incorrect information is input.
The use of AI technology replaces this manual approach, replacing it with a streamlined and simple automated process that’s equally effective handling any volume of expense items.
More than a match
Our aim is to make expenses management a simple and seamless operation - with no task required taking any longer than 30 seconds.
The development of AI technology provides a powerful tool to help achieve this goal, allowing employee expenses to move into the world of real-time management.