There’s been a lot of discussion surrounding the benefits of automation recently, such as affordability, environmental impact, efficiency, etc. But what is less often discussed is how automation actually works, i.e. the mechanisms used to make these benefits possible.
Headquartered in Monroeville, PA with offices in the United Kingdom and India, ExpenseAnywhere provides end-to-end automated solutions for travel and expense management, procure-to-pay supplier invoice processing, and p-card / prepaid card management. In the interest of raising awareness about this timely and relevant business trend, here is a brief explanation of how ExpenseAnywhere’s flagship product works:
- The receipts enter the recognition server via fax, email, or upload. They are then processed through OCR, AI, and machine learning technologies and automatically matched to credit card charges. The paper data is now completely digitized.
- The 100 percent accurate, validated receipt is routed through the approval process.
- The fully approved receipt is checked through the use tax process.
- The receipts are automatically generated into a 100 percent accurate expense report that is submitted to accounting for reimbursement.
And that’s it! You have a 100 percent accurate, fully validated, digitized expense report – no ink, paper, or manual data entry necessary.
To learn more about the benefits of financial automation, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.