Emburse releases Emburse AI for automation, insights

T&E solutions provider Emburse announced Emburse AI, which provides artificial intelligence capacities across the company's entire suite of solutions. Emburse AI is trained using data from the company's over 1 billion spend transactions. 

The release enhances receipt and invoice processing. The AI can read, interpret and act on transaction data, going beyond simple text extraction to leverage machine learning to understand context, predict missing or unclear information, and adapt to different formats for more precise data extraction. The solution automatically maps expenses to one of 39 categories (so far) for Emburse Expense Enterprise users to streamline expense allocation and provides richer insights. It auto-fills and interprets data for employees, automating routine tasks for users. The AI identifies the applicable currency, date format and tax rates, and even common regional merchants to support finance teams globally. Finally, it can proactively extract the additional tip amount data required for meal expenses to save employees time when submitting expense claims.

All AI data is encrypted in transit and secured and processed on localized servers. 

"Finance teams handle hundreds of detailed processes every day, where even one seemingly-minor error can lead to significant financial and operational consequences," said Paul Nagy, chief product officer at Emburse. "With Emburse AI, we're giving users a powerful tool to minimize manual effort, improve accuracy, and dramatically reduce time spent on managing expenses and invoices. This latest milestone for Emburse sets the stage for future AI enhancements, including agentic AI, to help finance teams operate more efficiently and strategically."

Emburse plans to further improve its AI. Future updates will include AI-powered, predictive insights and more. 

Emburse formed in 2020 from a  group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — who came together under a single company, Emburse, in an effort to challenge SAP Concur. The news comes shortly after the announcement of Jonas Hirshfield joining as the company's chief information officer. Prior to this, he was CIO at remote learning solutions provider Class Technologies.