Infiniti Software Solutions relaunches its flagship product ExpenseOut

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At a Glance

ExpenseOut, Infiniti Software Solutions’ flagship product, has been reintroduced by the company, which provides travel technology service. The product scans invoices automatically and assesses them for accuracy, policy compliance, and legitimacy using artificial intelligence. The program offers options for accurately collecting and reimbursing mileage data using GPS.

Infiniti Software Solutions, a travel technology service provider, has relaunched ExpenseOut, the company’s flagship product. ExpenseOut, an expense management solution, has AI-based features that assist companies in reducing indirect costs that are brought by the pandemic.    

Ananth Narasimhan, the CEO, said a significant victory for the product was when firms minimized reimbursement claims from employees by up to 35 percent using AI. 

ExpenseOut uses artificial intelligence to scan invoices automatically and assess them for correctness, policy compliance, and validity. According to a Gartner poll, this is crucial since T&E (Travel and Expense) is the essential cost for CFOs to deal with once revenue returns. 

After the pandemic, when countries worldwide reopen, there will be a considerable increase in business travel and a new form called Bleisure travel (Business plus leisure). Due to this, companies need to have a replacement for conventional spreadsheets.

ExpenseOut lets employees claim their expenses with a single click, saving the finance staff numerous hours. Additionally, the software offers alternatives for properly recording mileage data with GPS and reimbursing it.

With the product, companies can also save receipts, manage their expenses, and file expense reports.  

Companies have been using ExpenseOut from the beginning of the pandemic to efficiently reduce costs and roll out reimbursements.  

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