Amount, currency, date and vendor are automatically extracted using optical character recognition, followed by allocation to relevant expense categories and accounting codes using AI.
Finally, a (human) bookkeeping specialist double checks all details and, if necessary, coordinates with your EA to determine details (e.g. which client you were on your way to meet) to ensure correct allocation against project/account codes.
A few days before the submission deadline you receive a draft expense report for your approval, with all amounts reconciled against credit card statements. Once approved, Sigrid.AI can submit the expense report on your behalf, including, if necessary, electronic file formats for direct import into your preferred accounting system.