AI-Powered Receipt Parsing Enhancements
Emburse Professional’s receipt parsing technology has received a major upgrade, thanks to a new engine leveraging industry leading generative AI technologies. Emburse’s OCR (optical character recognition) transcription is an AI-powered receipt- and invoice-capture technology that intelligently scans, extracts, and categorizes receipt and invoice data with unmatched accuracy.
Over the next 30 days, customers will be automatically migrated to the new service. Administrators will see the following message on their homepage when the new service is enabled for their organization.
The upgraded OCR transcription technology is more accurate than previous versions. The accuracy improvements vary depending on the type of receipt scanned and the country/language of origin. Having said that, we are seeing an average accuracy increase of more than 20% across all different use cases.
Customers are encouraged to learn more from our FAQ in the Help Center.
Emburse NetSuite Connector – Receipt Export
In December, we announced the release of our brand-new Emburse NetSuite connector, a best-in-class ERP integration leveraging the combined technologies of multiple applications in our Emburse product suite.
Today, we are excited to announce the first major enhancement to our NetSuite Connector: receipt image export.
The Emburse NetSuite Connector now includes an optional setting to export receipt image files from your expense reports to NetSuite. Transferring image files ensures that all relevant documentation related to a particular expense report or vendor bill will be stored in NetSuite.
The receipt export is optional and can be enabled within the NetSuite Connector settings, under the Expenses tab.
Once enabled, receipt image files will automatically attach to the expense report or vendor bill in NetSuite, depending on your company’s NetSuite configuration. Customers will find the image files in the Files section of either the expense report or vendor bill.
Please visit our Help Center for additional details and instructions to enable the setting.
Exchange Rate Added to Expenses API
We’ve added a new field, ExchangeRate, to the Expenses and Expense Reports API endpoints. The ExchangeRate field will return the foreign exchange rate used to convert the expense to the submitter’s default currency.
If the expense was incurred in the submitter’s default currency, the ExchangeRate will return “1.00.”
As always, be sure to review our API Documentation for a comprehensive view of our API capabilities.