Category: Expense Data Extraction (EDE)

How loyal are your customers? It’s a question that every business must ask. Selling to existing customer is far easier than attracting new ones. For starters, they’re already on board, they believe in your product or service and believe it to represent significant value to call for an investment. Accepted statistics have uncovered that the probability of selling more […]

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AI is transforming the commercial landscape. From chat bots to business forecasting, process automation to customer support, and even smart personal assistants, to say that we’re on the cusp of a major technological breakthrough is an understatement. Perhaps the most exciting aspect of AI touching a vast array of professional and personal aspects of our […]

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You might have heard of receipt data OCR (optical character recognition). You’ve probably heard of EDE (expense data extraction). Two terms that probably don’t come up too often in casual conversation. Most of us will be able to figure out the latter, extracting data, right? But, the former may, for some, be a little more […]

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There’s a reason why iPhones monopolise the smartphone market or why the recipe for Coca-Cola is one of the most closely guarded secrets in the world – product prowess and global popularity. These are some of the most inimitable products in the world. Both Apple and Coca-Cola have excelled so far beyond their counterparts that […]

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Most modern businesses exist in competitive marketplaces. Unless you have a monopoly on the market or a product that is so ubiquitous that everyone with a wallet wants one – think the 730 million iPhones that are circulating around the world – commercial competition is higher than ever before. So, how do you get guaranteed […]

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Today more than ever, businesses need to have an agile expense management solution. Why? Well, from streamlining expense processes to employing an agile, scalable customer loyalty programme, one that’s pertinent to the digital age, accurate EDE is NOT a trend. It’s a necessity – one that will continue to evolve to be more and more […]

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Why There’s Never Been a Better Time to Start Using Mobile Receipt Recognition The continued threat of the coronavirus has forced small businesses and global conglomerates to rethink their processes. In May, Facebook and Google announced that they will be extending compulsory working from home policy until the end of the year. In March this […]

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Let us set up a scenario for you: You’re a business owner and must keep track of hundreds of transactions every day. All your customers are provided with a receipt for proof of purchase. You keep a copy for internal auditing. With us so far? Okay. You come to the end of the month and […]

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As of 26th May 2020, the systematic kickstarting of economies across much of Europe and North America is underway. Small businesses are breathing a sigh of relief. Economies the world over will now begin recovering and rebuilding. Never in modern times has the world collectively ground to a halt as it has since March 2020. […]

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