Find answers to commonly asked questions about real-time receipt capture and how it simplifies expense tracking and financial management.
Accurate data extraction and intelligent AI matching will streamline your workflows and save both time and money.
Instantly capture and code receipts both in-field and by office staff, reducing time spent on manual data entry and admin tasks.
Our next-gen OCR guarantees precise data extraction and automatic categorization of receipts and expenses, expect to near-zero errors and consistent compliance with expense policies.
Gain ongoing insights into expenses, budgets, and projects in real-time, allowing for improved decision-making and budget management.
Clyr’s real-time receipt capture and coding feature allows users to effortlessly submit receipts via SMS, email, or web browser. Our OCR extracts the relevant data, eliminating the need for manual entry. With automatic coding capabilities, expenses are categorized both accurately and efficiently.
Our AI technology learns from your existing coding practices to predict the correct account, job code, vendor, customer, and class for every receipt, expense and bill with 95% accuracy. This streamlined approach not only simplifies expense management but also ensures precise financial tracking and decision-making, enhancing efficiency and accuracy in your financial operations.
“Switching to Clyr has been a revelation for us. The accuracy of its AI-driven coding is unparalleled, dramatically reducing errors and making our expense tracking almost effortless. With instant notifications and the ability to submit receipts and codes via SMS, Clyr has streamlined our entire financial workflow.”
Clyr offers unparalleled efficiency with our instant transaction notification feature, which alerts the relevant team member via SMS the moment a transaction occurs on any card. The team member can then submit a receipt and provide information on the spot, ensuring timely and accurate financial reporting.
Keep your team accountable using Clyr’s proactive reminder system. Scheduled SMS and email reminders ensure employees provide all missing receipts and coding entries efficiently. Admins can also send reminders as needed, with each message consolidating all pending transactions, allowing employees to swiftly process each item in one go.
Our platform offers comprehensive two-way integration with over 25 industry-specific CRM, ERP, and accounting platforms. This extensive compatibility ensures seamless data synchronization, enhancing workflow efficiency and operational cohesion.
Find answers to commonly asked questions about real-time receipt capture and how it simplifies expense tracking and financial management.
Receipts can be captured by snapping a photo, scanning, or forwarding them via email or text. Digital systems then store and match them automatically, reducing errors and eliminating the need to keep paper copies.
The best way to file receipts is to store them digitally using an expense management app or cloud system. Uploading or photographing receipts right after a purchase keeps records organized, prevents loss, and makes it easy to match them with transactions for accurate reporting and faster approvals.
Yes, digital receipts are legally accepted in most countries as valid proof of purchase, as long as they clearly show key details like the date, amount, and vendor. Businesses often prefer digital receipts because they’re easier to store, organize, and retrieve for audits or tax purposes, reducing the need for physical paperwork.
The best way to store receipts digitally is to use a secure cloud-based expense management system. Simply photograph or upload each receipt as soon as you receive it this ensures nothing gets lost and every expense is recorded in real time. The system automatically organizes receipts by date, category, or project, making them easy to find later for reporting, audits, or reimbursements.
The IRS generally requires businesses to keep receipts and financial records for at least three years from the date a tax return is filed. However, it’s often recommended to keep them for up to seven years if there are claims for bad debt deductions or loss carryforwards. Keeping digital copies is acceptable, as long as they’re clear, accessible, and accurately represent the original documents.
