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Home Travel and Expense Management

AI-enabled Expense Auditing with “Smart Audit” by Happay

Team Happay by Team Happay
February 24, 2021
in Travel and Expense Management
Schedule a Demo Contact Us

Table of Contents

  • Smart Audit at rescue
  • Duplicate Checker – Finds the twin expenses
  • Amount Accord  – Find Overstated invoices
  • Item Validator – Find not-so characterised expenses

No matter how much an organisation tries to keep employees aware about expense policies, it still is impossible to achieve. And with that, comes a lot of non-compliant approvals. For the Finance Team, to deal with multitudes of expense approvals and accurately verify all attached invoices is a herculean task.

Manual auditing is exhaustive. Scavenging each bill one by one, there comes a time when all the bills start looking the same. We’ve been there too!

Smart Audit at rescue

Smart Audit, on Happay’s Expense Platform, reduces approval time via automation and gives approvers and the Finance Team better accuracy in sustaining company policies.

Equipped with impeccable modern age AI-enabled technology, Smart Audit inspects the expense receipts and validates them against predefined Audit rules, which are enabled independently or in combination.

Duplicate Checker – Finds the twin expenses

Have an invoice that’s already added in the system? Duplicate Checker of our Smart Audit module checks and flags if an invoice has already been submitted and displays the matched invoice with user and transaction details. See it in action in the video below.

Amount Accord  – Find Overstated invoices

Invoice details don’t match with the recorded expense? With this feature, under Smart Audit, the system checks the invoice attachment for an exact match of the value entered in the ‘Amount’ field of the submitted expense.

Stay tuned for more updates on Smart Audit. Click here.

Item Validator – Find not-so characterised expenses

Are employees still claiming for prohibited items? With this feature, any item restricted by the organisation will be highlighted in the expense entry.  The finance or Admin team can upload a list of restricted/ impermissible expense items (e.g: ‘alcohol’,’ chicken’ etc.) which will then be checked for in the expense attachments.

By narrowing down and highlighting the expense reports that need the most attention, Happay Smart Audit helps the Finance Team spend less time scrutinizing stacks of reports and have more time to focus on other aspects of their Jobs.

For more details, schedule a demo to see the product live or email us at info@happay.in

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  • 8 Best TravelPerk Alternatives and Competitors
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Table of Contents

  • Smart Audit at rescue
  • Duplicate Checker – Finds the twin expenses
  • Amount Accord  – Find Overstated invoices
  • Item Validator – Find not-so characterised expenses

Related Articles

  • 10 Best Expense Management Software and Tools in 2023
  • 7 Best Zoho Expense Alternatives and Competitors
  • 10 Best Expense Reporting Software Systems and Tools in 2023
  • The Ultimate Guide to Travel and Expense Management…
  • 8 Best TravelPerk Alternatives and Competitors
  • A Comprehensive Guide for Travel and Expense Policy (T&E…
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© 2023 Happay

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  • Solutions
    • Travel & Expense
      • Travel & Expense Management Software
      • Employee Tax Benefits
      • Branch Petty Cash
      • FleetXpress
    • Happay Cards
      • Prepaid cards
      • Epic Cards
      • World Travel Card
      • Invoice
  • Card Stack
  • Resources
    • Blog
    • Webinars
    • Ebooks
    • Happay FAQ
    • Customer Speaks
  • Company
    • About Us
    • Careers
    • Press Release
    • Partner with us
    • Contact Us

© 2023 Happay

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