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Digital business travel expense platform Xpenditure has officially launched in the UK and is available through an app and web interface.
The company’s artificial intelligence system extracts receipt data, including time, dates and cost, and collates it in one area for finance teams and travel managers to approve in real-time. Xpenditure claims it reduces the cost of recording and tracking travel expenses by around 70 per cent on average per receipt, as well as cuts the amount of time spent inputting receipt data.
The Xpenditure app can be downloaded via the Apple App Store and Google Play, with varying account levels available.
Xpenditure was acquired by life services firm Sodexo in March 2017.