ReceiptsAI vs Expense AI Detailed comparison features, price

ReceiptsAI

ReceiptsAI offers a comprehensive solution for automating data extraction from various business documents, including receipts, invoices, and bank statements. This AI-powered tool transforms documents into actionable data, streamlining workflows and reducing manual data entry.

The platform features intelligent organization with automatic transaction categorization, customizable to match specific business needs. Bank-level security measures, including SSL encryption and secure US-based storage, ensures the safety of your financial data.

Expense AI

Simplify personal and business finance management with this advanced AI-driven application. It enables users to track spending effortlessly, gain a clear understanding of their financial habits, and make informed decisions to achieve financial stability or business goals. Expenses can be captured seamlessly by scanning physical receipts using a phone camera or by forwarding email receipts, including PDF and image attachments, directly to a dedicated app address.

Leveraging a sophisticated AI engine, the tool automatically extracts key details from receipts, such as the total amount, merchant name, transaction date, and even specific product information. Users can interact directly with their expense data through an intuitive AI chat feature, allowing them to ask questions, uncover spending patterns, and generate customized financial reports using natural language. Furthermore, the platform offers a comprehensive dashboard with detailed reports and visual charts, providing valuable insights into financial behavior. Expenses are intelligently categorized automatically, making it simpler to analyze spending habits and identify potential areas for savings.

Pricing

ReceiptsAI Pricing

Freemium

From $12

ReceiptsAI offers Freemium pricing with plans starting from $12 per month .

Expense AI Pricing

Free Trial

Expense AI offers Free Trial pricing .

Features

ReceiptsAI

Smart Capture: Turn any document into actionable data
Instant data extraction: Extract data for receipts, invoices, and statements
Intelligent Organization: Your business expenses, organized automatically
Automatic Transaction Categorization: categorizes every transaction automatically
Data Export: Export everything to Excel or CSV with one click
Bank-Level Security: Secure US-based storage with enterprise-grade encryption
AI Data Extraction: Advanced OCR and AI algorithms extract key information with high accuracy.
Smart Categorization: Automatic expense categorization based on merchant and transaction patterns.

Expense AI

Receipt Scanning: Capture expense details by taking a photo of your receipt.
Email Receipt Tracking: Forward email receipts (including PDF/image attachments) to a dedicated address for automatic tracking.
AI Data Extraction: Automatically extracts key information like amount, merchant, date, and product details from receipts.
AI Chat for Insights: Interact with expense data using natural language to gain insights and generate reports.
Detailed Analytics Dashboard: Access reports and charts to visualize spending patterns.
Smart Categorization: Automatically categorizes expenses for easier analysis.
Multi-Currency Support: Handles expenses in various currencies.

Use Cases

ReceiptsAI Use Cases

Automate data entry from receipts, invoices, and statements
Generate expense reports
Categorize business expenses
Reconcile bank and credit card statements
Track purchase orders
Process retail and store receipts with line item extraction
Handle PDF invoices and digital receipts
Process restaurant receipts including tips, splits, and itemized expenses

Expense AI Use Cases

Tracking personal expenses to improve financial habits.
Managing business expenses for tax write-offs and accounting.
Simplifying expense reporting for individuals and companies.
Analyzing spending patterns to identify potential savings.
Gaining insights into financial behavior through AI chat.
Automating the process of logging receipts and invoices.

FAQs

ReceiptsAI FAQs

Is my data private?

Yes. We take privacy very seriously. Your data is stored securely and will never be shared with third parties.
How accurate is AI data encoding?

Conversion quality depends on the quality of the photos and the complexity of the receipt. High quality photos can be converted with high accuracy.
What data is processed from the receipts?

We collect the merchant name, merchant address, date, total amount, sub total amount, tax amount, merchant tax identification number and merchant category.
Where is my data stored?

Data is stored securely on servers in the United States, by vetted, highly secure, third-party partners of us.
Which countries are supported?

At the moment, only receipts in English are supported. Our system has been tested on receipts from the US and Canada. We are working to support other languages soon.

Expense AI FAQs

Why should I care about Expense AI?

Expense AI enhances financial management by providing accurate expense tracking. This insight enables better budgeting, smarter spending, and improved financial health, automating tracking and offering valuable analytics for effortless financial management.
What are the available options to add expenses on Expense AI?

Expenses can be added via Receipt Scanning (uploading images), uploading PDF receipts, forwarding email receipts (including attachments) to a dedicated Expense AI email, and Manual Entry (which is work in progress).
Does Expense AI account for email attachments when creating expenses from email receipts?

Yes, Expense AI extracts information from both PDF and image attachments, treating each as a distinct expense. If an attachment contains multiple receipts, individual expense records are created for each.
Does Expense AI support auto email forwarding?

Yes, users can set up a dedicated Expense AI email address and configure auto-forwarding. A guide for setup is available within the app.
Can I chat with my Expense data and generate reports of my expenses?

Yes, the AI chat feature allows interaction with expense data using natural language to generate reports (e.g., comparing monthly spending) in formats like images, CSV, or PDF, with customizable styles.