Extend brings AI receipt agent to bank partners' SMB customers

This update is relevant for any merchant operator managing business expenses or offering financing through commercial bank cards. Extend is launching an AI-powered receipt agent designed specifically for small and mid-market businesses. The tool integrates directly with the business cards you already use through bank partners. It automates the most tedious part of business spending: matching receipts to transactions. For business owners, this means your team no longer has to manually upload, tag, or email receipts for every purchase. The AI scans your email and existing documents to automatically pair the proof of purchase with the line item on your card statement. This technology reduces human error and speeds up your monthly bookkeeping. If you use virtual cards for inventory or shop supplies, this tool aims to give you the same expense management power typically reserved for large corporations with massive accounting departments. It allows you to focus on selling and operations rather than chasing down paper trails from your staff.

Source: Finextra — Lending

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