Tool Information
Receipt-AI is an AI-powered tool for managing receipts with text messages. It eliminates the need for traditional methods, such as downloading apps and taking pictures, to store and manage receipts. With Receipt-AI, users can text their receipts and let machine learning take care of the rest. This saves up to 95% of users' time, streamlines and simplifies the process of storing and keeping track of receipts. Receipt-AI supports collaboration by enabling users to invite their team members to upload their receipts by adding their phone numbers. The uploaded data can be easily downloaded in CSV format using the user-friendly interface without any hassle. The tool can be integrated with Xero to upload the data.Currently, Receipt-AI is available in the United States and Canada and is actively working to expand in other countries soon. Receipt-AI offers two plans that cater to different users' needs. The solo plan costs $20 per month and can manage up to 800 receipts per year, while the startup plan costs $39 per month and can manage up to 1600 receipts per year for up to four people.Receipt-AI's goal is to provide a simple, hassle-free solution for managing receipts. It saves time, frees up space, and reduces the risk of lost receipts. This tool promotes good financial knowledge and offers a user-friendly interface suitable for small businesses and individuals alike.
F.A.Q (20)
Receipt-AI is an AI-powered tool designed to streamline the management of receipts through text messages. By eliminating the need for traditional methods such as downloading apps and taking pictures, it significantly reduces the time and hassle involved in storing and tracking receipts. Users can invite team members to cooperate by uploading receipts and the stored information can be downloaded in CSV format. Receipt-AI supports integration with Xero and offers two plans - a solo plan and a startup plan.
Receipt-AI streamlines receipt management by using AI and text messages. Instead of using conventional methods like picturing and uploading receipts, users only need to text their receipts. It uses machine learning to manage and sort the receipts, saving up to 95% of the user's time. It allows collaboration between team members and provides a hassle-free CSV download for the recorded data.
The method to send receipts to Receipt-AI via text messages is not explicitly stated on their website. However, given the information, it can be suggested that users take a picture of their receipt and text it to Receipt-AI, where it then applies its machine learning capabilities to manage the data.
Collaboration in Receipt-AI works by adding team members' phone numbers. This enables them to upload their receipts, thereby making Receipt-AI an effective tool for collaborations. This feature assists in streamlining and simplifying the process of storing and tracking receipts in a team environment.
The data from Receipt-AI can be downloaded as a CSV file. The user-friendly interface supports a hassle-free data download experience.
Yes, Receipt-AI supports integration with Xero. This feature enables users to upload their receipt data directly to their Xero accounts.
Receipt-AI is currently only available in the United States and Canada. The development team is actively working to expand the availability to other countries soon.
Receipt-AI offers two pricing plans. The solo plan costs $20 per month and is able to manage up to 800 receipts per year, while the startup plan costs $39 per month and can handle up to 1600 receipts per year for up to four people.
The maximum number of receipts that Receipt-AI can manage varies with the plan. The solo plan offered by Receipt-AI can manage up to 800 receipts a year. In contrast, the startup plan can manage up to 1600 receipts per year.
Receipt-AI is useful for small businesses and individuals because it offers a simplified, efficient way to manage receipts without the need for downloading apps or taking pictures. This tool helps in cutting down the time spent on receipt management by up to 95%, freeing up more time for other tasks. Moreover, it reduces the risk of losing receipts and provides options to collaborate with team members, making it a great tool for both individual and business use.
No, there is no need to download any app to use Receipt-AI. The service is done entirely through text messages. It eliminates the need for app downloading, which makes the receipt management process even more convenient and streamlined.
Receipt-AI's promotion of good financial knowledge isn't detailed on their website. Yet, given it's an AI tool dedicated to receipt management, it assists users in maintaining clear, organized financial records by eliminating the risk of misplacing or forgetting about a receipt. This attention to detail can enlighten users on better financial practices.
Yes, Receipt-AI supports image recognition. This feature means there is no need to send a text message along with the image of the receipt. Receipt-AI recognizes the image and stores the data accordingly.
Receipts in Receipt-AI are stored securely in the cloud. It implements robust cloud-based storage ensuring that users' financial records are safe and accessible only to them.
Receipt-AI reduces the risk of losing receipts by providing a digital, easy-to-use platform for storing, organizing, and managing receipts. Once the receipts are texted to Receipt-AI, they are stored securely in the cloud, eliminating the need to hold onto physical copies and thus reducing the risk of losing them.
Yes, both the solo and the startup plan offer the same features like image recognition, secure cloud storage, exporting receipts to CSV, and uploading receipts to Xero. However, the startup plan differs in the number of people and amount of receipts it can manage, with up to 4 people and up to 1600 receipts per year in comparison to the solo plan's single user and 800 receipts cap.
Information on what happens if you exceed your receipt limit on Receipt-AI is not explicitly provided on their website.
Yes, using Xero is not a requirement to use Receipt-AI. While it does offer easy integration with Xero for those who have it, those who do not can still use all of Receipt-AI's functionalities.
Receipt-AI provides secure storage for receipts in the cloud. While specific details about the security measures it uses are not provided on their website, the fact that it operates through a highly secure cloud-based system suggests a strong focus on preserving user data security.
It is not specifically mentioned on their website whether you can change or upgrade your Receipt-AI plan later. However, such flexibility is fairly standard for most SaaS platforms.
Pros and Cons
Pros
- Manage receipts via text
- Saves up to 95% time
- Supports team collaboration
- Easy CSV data download
- Integration with Xero
- Available in US
- Canada
- Plans for different user needs
- Reduces risk of lost receipts
- Promotes good financial knowledge
- User-friendly interface
- No need for apps
- No need to take pictures
- Supports 800-1600 receipts annually
- Secure cloud storage
- Receipt recognition from images
Cons
- Limited to US and Canada
- No app available
- Limited receipt limit
- Lacks multi-currency support
- No real-time scanning
- Limited to Xero integration
- No interpretative error notification
- Expensive pricing plans
- Limited collaboration options
- No customization options
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