Photo of a credit card receipt terminal and receipt paper.

Image credit: Towfiqu Barbhuiya on Unsplash

How many “missing expense receipt” forms does your company receive each month?

One of our construction clients had this very question.

They process 5,000-10,000 pages of employee expense receipts per month, but didn’t have an easy way to calculate the number of lost expense receipt forms they receive among these. 👀

👉 The solution: Contexture is able to use its AI-powered OCR technology to scan through the 10,000 records, identify the lost receipt forms, and extract any data elements needed to a CSV or Excel file.

All in a matter of seconds. 🧭

With this information, Accounting can quickly calculate the number of lost receipts, the value of these items, and assess whether anyone is potentially abusing the company’s expense receipt policy. 📊

Another example of how Contexture and AI are making life easier for Accounting departments and solving business problems.

Contact us to learn more ways to automate your expense management processes.

Categories: Blog
Categories: Blog

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