First off, advanced automation technology in Xero Expenses, with embedded machine learning, can speed up the time it takes to transcribe and submit some receipts. The technology updates launch in mid-November and will enable Xero Expenses to extract relevant information faster.
This means employees can quickly submit expenses into the app and check for accuracy. Xero Expenses connects directly to the small business platform, making it easier to reconcile expenses against their accounting ledger.
In addition, Xero is launching one of its most requested features in Hubdoc, duplicate detection. In the coming weeks, Hubdoc will be able to automatically identify and highlight accounts payable documents that have the same supplier, date and amount and notify users about the duplicates before submitting into Xero.
Since Xero’s acquisition of Hubdoc in 2018, it’s made the technology available to all of Xero’s business edition global subscribers. The phase includes continuing to make the integration more seamless and embedding the technology into the infrastructure of Xero’s broader small business platform.
Credit: Google News