Receipt AI provides AI-driven receipt management primarily through an accessible SMS upload feature for efficient expense tracking. Users text photos of receipts, and the system automatically extracts data, categorizes expenses, and securely stores the records. This streamlined process integrates with accounting software like QuickBooks and Xero, significantly reducing manual data entry time for traveling teams and finance professionals.
Funding
Funding not disclosed
Founders
Product
Problem
Managing and tracking receipts for expense reporting is a time-consuming and error-prone process, especially for business travelers and finance teams. Traditional methods involve manually uploading, renaming, and categorizing receipts, leading to significant productivity losses.
Solution
Receipt-AI offers a streamlined receipt management solution that leverages AI and SMS technology to automate data extraction and categorization. Users can upload receipts by simply taking a picture and sending it via SMS, email, or website upload. The platform extracts key information, renames files, and categorizes expenses, significantly reducing the time spent on expense reporting. Receipt-AI integrates with accounting software like QuickBooks and Xero, enabling one-click reconciliation and providing charts, data, and insights for better financial decision-making.
Target Audience
Receipt-AI is designed for businesses, finance teams, accountants, bookkeepers, and individuals who need to efficiently manage, track, and organize receipts, especially those who travel frequently or work on job sites.
Features
- Receipt upload via SMS, email, or website
- AI-powered data extraction from receipts, including date, vendor name, total amount, and line items
- Automatic categorization of expenses
- Integration with QuickBooks and Xero for one-click reconciliation
- Secure data storage with encryption
- Support for multiple image formats (JPEG, PNG, PDF, TIFF, WEBP, HEIC, HEIF)
- Support for 39 languages
- Team collaboration features for adding teammates and managing receipts