Question: How can I simplify receipt management and reduce the time spent on expense tracking?

If you want to streamline receipt handling and cut down on the time spent tracking expenses, Receipt AI is a good choice. The tool automates receipt handling with a combination of AI and SMS technology, letting you upload receipts from email, shared receipts and paper receipts into Xero or QuickBooks. It pulls out dates, amounts and line items, dramatically reducing the time you spend on expense tracking and expense reports.

Another good option is Ramp, an all-purpose spend management system that combines global corporate cards, travel, expenses and accounts payable. Ramp automates expense reports and accounting, offers customizable travel policies and uses AI-based workflows to flag errors and overspending. It connects to accounting systems and handles multiple currencies, letting companies streamline their financial operations and cut manual labor.

If you prefer a more AI-based approach, Brex offers a range of tools to manage and control financial spending. That includes corporate cards with built-in controls, automated expense reporting and approval, and streamlined global travel booking and management. Brex also offers AI-based bill pay and invoice import, connections to multiple ERP systems and a variety of pricing plans depending on your business needs.

Snapceipt is another tool to track and analyze spending. It uses sophisticated OCR technology to automatically categorize receipts, giving you detailed information and making expense tracking easier. It connects to other financial management tools and offers free and premium plans, making it a good option for small business owners and individuals.