Elevate and Streamline Your Expense Management
Real-time monitoring and complete control of employee spending at your fingertips
Introduction to RECAP
Effective cost management is crucial for maintaining financial stability and ensuring seamless operations. To address this, we launched RECAP, a comprehensive Expense Management Solution (EMS) for businesses of all sizes.
RECAP enhances accuracy, reduces errors, and saves time by leveraging cutting-edge technology for expense tracking, offering unparalleled efficiency and precision. Explore the features, benefits, and technological advancements of RECAP designed to revolutionize the management of travel and non-travel expenses.
AI-Powered Enhancements
Advanced Receipt Analysis and Intelligent Chatbot Integration
Receipt Analysis using Gen-AI
- Use of GenAI (LLM) for Receipt Analysis: Our system leverages GenAI LLMs for receipt analysis, traditional OCR technology. Unlike OCR, which often misses contextual details, GenAI LLMs provide thorough and precise interpretations. These advanced algorithms capture all relevant details accurately, errors reducing errors and ensuring reliable expense tracking. This makes the process more complete and efficient, saving time & minimizing mistakes.
- Integrated chatbot based on GenAI and Retrieval-Augmented Generation (RAG) models: Our integrated chatbot, powered by GenAI and RAG models, helps users navigate the platform, answer queries, and provides support, making expense management process more user-friendly and efficient.
Gen-AI & RAG based Integrated chatbot
- Mobile application: Available on Android and iOS, the app allows users to manage expenses, approve reports, track mileage, and make payments on the go.
- Expense auditing and mileage tracking: Sophisticated auditing tools ensure accurate expense reporting, and Google APIs provide precise mileage tracking for road travel.
- Split Expense Capabilities: Users can divide expenses across different categories or projects, ensuring accurate cost allocation.
Retrieval Augmented Generation
- RAG provides users with an enhanced experience in analytics. Users have the capability to query expense data using simple text queries.
Benefits: Transforming Business Finances with EMS
Our revolutionary solution transforms the way businesses manage travel and non-travel expenses by integrating cutting-edge technologies and providing comprehensive capabilities. Key benefits include:
Increased Accuracy
Utilizing GenAI LLMs for receipt analysis significantly reduces inaccuracies compared to traditional methods.
Improved Employee Experience
The user-friendly interface and mobile app enhance the experience, allowing easy expense submission, tracking, and support.
Time Saving
Automating expense management tasks saves valuable time, allowing employees to focus on strategic activities.
Enhanced Compliance
Multi-level approval processes and expense auditing ensure adherence to internal policies and external regulations.
Better Financial Insights
Power BI-powered analytics offer detailed insights into spending patterns, aiding informed decision-making and budget optimization.
Scalability & Reliability
Our EMS supports business growth with reliable performance, handling increased users and transactions efficiently.
How It Works: Exploring EMS, step-by-step
- 1
Expense Occurrence and Payment
- 2
Receipt Capture and Recording
- 3
Expense Submission
- 4
Automated Notification for Approver
- 5
Review and Approval/ Rejection
- 6
Forwarding to Finance Team
- 7
Reimbursement
