Serko simplifies expenses “as you go”

Serko simplifies expenses “as you go”

The new version of Serko Incharge now automatically matches receipts to credit card transactions, streamlining the expense reconciliation process.

Available now, the system allows users to take photos of receipts using Serko Mobile and have them automatically matched to the relevant credit card transaction using cloud-based matching technology, reducing the processing time required and shifting expense reconciliation from a month-end task to an ‘as-you-go’ process.

“Business people know how time consuming and frustrating submitting a corporate expense claim is. Not only do users have to keep a copy of each receipt, but they also have to painstakingly match each receipt to their credit card statement at the end of the month before finance can process it,” Serko ceo Darrin Grafton said.

“Our data shows that 18% of claims get processed without a receipt, which costs organisations approximately 1% of the total claim value in lost GST. We set out to create the best online expense management tool for capturing receipts and reconciling corporate cards, and I think we’ve succeeded.”

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