Use OCR to scan your receipts in seconds

What is OCR?

OCR stands for Optical character recognition. It is a technology that we use to automatically extract the relevant information from your expense file (eg. receipts, invoices, bills and so on) and removes the hassle of manual data entry. 

This feature is available on both mobile and web versions of our products:

• MXP by Mobilexpense and
• Declaree by Mobilexpense.

Key features of OCR

• Automatic extraction of relevant information: The system automatically extracts essential details from receipts to create expenses. Users can easily review and correct the extracted information if needed.
  
  
• Multiple ways for receipt upload: Depending on whether they are using mobile or web, users can drag and drop receipts onto the interface, upload them directly, or email them to the app. 

• Highlighted extracted data: Extracted information from receipts is highlighted, allowing users to quickly verify the accuracy of the data.
  
  
• Visual loading progress: Users are kept informed about the progress of image uploads and OCR processing through visual indicators.
  
  
• Manual expense entry option: Users can always bypass the OCR process and manually enter expense information in cases where receipts are unreadable or missing.

Benefits of OCR

• Improved accuracy and efficiency: Automatically extract and process text from receipts and invoices. This reduces manual entry errors and ensures accurate financial records.
  
  
• Faster and more convenient reimbursements: Enable employees to capture and submit expense receipts using their smartphones, streamlining the expense reporting process. Ensure quick submission leading to faster approval and reimbursement.

• Time and cost savings: Minimise labor costs associated with manual data entry and processing of financial documents. Speed up the handling of financial documents and expense reports.
  
  
• Ensured compliance: Help maintain adherence to company policies and financial regulations by accurately capturing data and flagging out of policy items. This reduces the risk of rejected claims from employees, and ensures compliance for finance teams.