What is 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.
Features
- 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.
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
FAQs
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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.
