back Back

Easing the Expense Report Blues: Microsoft & Amex Tap AI for Smarter Solutions

Feb. 10, 2023.
1 min. read Interactions

About the Writer

Lewis Farrell

26.68268 MPXR

Highly curious about things that increase my awareness, expand my perception, and make me open to being a better person.

Expense reports are a tedious and time-consuming task, but AI may change that. Microsoft and American Express have partnered to leverage Microsoft Cloud and AI technologies to improve expense report management. The solution, which is built in-house by Amex, will automate expense reporting and approvals by using machine learning and an AI-powered decision engine that understands the company’s travel and expense policy. The system will use an employee’s purchase and payment history to categorize and assign a risk score to individual transactions, which can then be automatically approved. Microsoft will be the first to test the solution and later integrate it with its own internal expense system. Although there is skepticism about the accuracy of AI-powered solutions, the technology is quickly advancing in the financial services and corporate travel industry.

Source.

Interesting story? Please click on the 👍 button below!

Let us know your thoughts! Sign up for a Mindplex account now, join our Telegram, or follow us on Twitter

Comment on this content

0 Comments

0 thoughts on “Easing the Expense Report Blues: Microsoft & Amex Tap AI for Smarter Solutions

Like
Dislike
Share

0

Comments
Reactions
💯 💘 😍 🎉 👏
🟨 😴 😡 🤮 💩

Here is where you pick your favorite article of the month. An article that collected the highest number of picks is dubbed "People's Choice". Our editors have their pick, and so do you. Read some of our other articles before you decide and click this button; you can only select one article every month.

People's Choice
Bookmarks