Emburse AI doesn’t just process expenses for finance departments—it understands them. Through financial intelligence and a touchless, low-effort and minimal click experience for users, time-strapped finance teams can deliver time and cost savings while preventing errors and ensuring compliance. One such way is through our upgraded optical character recognition (OCR) transcription, a development that follows Emburse’s history of AI innovation to move businesses forward and faster by solving the most persistent challenges in corporate finance.
Eliminate manual data entry with smarter receipt capture
Manual expense reporting has traditionally been a time-consuming and error-prone process. Employees often struggle with lost receipts, tedious data entry, and slow reimbursement cycles. Emburse’s AI-powered OCR transcription simplifies this process by intelligently scanning, extracting, and categorizing receipt data, reaching over 95% accuracy across expenses.
By eliminating the need for manual data entry, employees can submit expenses in seconds. The system automatically fills in expense details with near-perfect precision, ensuring that all necessary information is captured correctly. This increased accuracy not only speeds up the submission process but also minimizes the risk of errors that could lead to compliance issues.
Unifying global teams with support for multiple countries and languages
With accurate receipt capture for countries around the world, international finance teams can rely on Emburse to streamline their expense workflows. The OCR transcription technology is designed to recognize and extract data from receipts in a wide range of languages and account for regional nuances, ensuring that multinational organizations can process expenses seamlessly, regardless of location. By intelligently capturing and standardizing receipt data across different currencies, date formats, and tax structures, Emburse AI eliminates the friction of manual translations and inconsistent expense reporting. This not only accelerates reimbursements for traveling employees but also enhances visibility and compliance across international finance teams to unify global operations under a single, intelligent expense management platform.
Smarter, faster expense categorization
Accurate expense categorization is essential for maintaining financial compliance and streamlining reporting, but traditional systems often require manual intervention, leading to misclassified expenses and extra work for finance teams. These legacy expense management tools rely on rigid category structures that fail to accommodate the evolving landscape of modern travel and expense (T&E) needs, leading to inefficiencies and inaccurate reporting.
Emburse’s AI-powered OCR transcription transforms categorization into a smarter, faster, and more precise process—one that benefits both employees and organizations.
With AI intelligently handling categorization, employees no longer need to manually code expenses or worry about misclassifications slowing down reimbursements. Automated categorization also makes reporting more efficient for your organization by providing structured, standardized data.
The result: Finance teams can detect emerging trends faster and optimize spending strategies.
Business travelers can also take the guesswork out of their expenses. Auto-mapping has been expanded from 14 to 39 distinct expense categories, covering nuanced classifications such as:
- Air WiFi
- EV charging
- Software subscriptions
- Hotel-related charges
- Professional memberships
The AI also differentiates between similar expenses, ensuring that airline WiFi is categorized separately from airfare tickets and that hotel laundry costs are properly distinguished from lodging expenses.
Actionable insights for smarter decision-making
Successful organizations know this: Key insights are only as good as the quality of the data used. That’s why it’s paramount for organizations of all sizes to ensure accurate, complete capture of expense data at the beginning of the process.
Expense data that provides clearer insights can drive more value and greater strategic decision-making. That’s why we’ve upgraded receipt capture with the power of AI to transform raw transaction data into actionable intelligence, giving finance teams the tools they need to optimize spending and forecast future trends.
Data is normalized and standardized across vendors and categories, ensuring consistent benchmarking and clearer financial analysis. With enriched and structured data, organizations gain a more accurate view of spending patterns, enabling more informed policy decisions, data-backed vendor negotiations, and strategic planning.
By reducing the time and effort required for data analysis with an improved quality of insights, Emburse AI enables your organization to operate with greater agility, quickly identify inefficiencies, uncover cost-saving opportunities, and optimize T&E policies to drive business outcomes.
The future of finance isn’t coming—it’s already here
Emburse AI isn’t just about automation—it’s about empowerment. With our AI-powered OCR transcription, your organization can eliminate manual effort, ensure compliance, and gain real-time financial insights to help your business work smarter and move faster.
Want to see our AI-based OCR transcription technology in action? Get a personalized demo of our automated T&E solution today.