If you’re an American Express OPEN Business cardmember, you can – finally – put away that shoebox you’ve been using to store those receipts… if you’ve been so archaic, that is.
The small business payment card issuer has launched ReceiptMatchSM, a new feature that allows you to take a picture of a Business Card receipt with an iPhone or Android phone and the app matches the receipt image to the appropriate line item in the business’ online statement, including any additional notes typed in. In addition to the mobile app, receipts can also be matched to their statement by emailing them to receipts@open.com or uploading previously scanned receipts.
If you’ve been using a service like business expense tracker Expensify, you’ll know the ease and convenience of using ReceiptMatch. And having the ability to match images of Business Card receipts to transactions on online credit card statements is pure gold.
Small business owners and their employees no longer have to sort through piles of receipts, manually reconcile them with charges on their statement or rely on handwritten notes.
“Our small business customers rely on their OPEN Business Cards for a greater portion of their business expenses and want a card that seamlessly integrates into their business operations,” says Doug Tabish, vice president, American Express OPEN Small Business Charge Cards.
“ReceiptMatch offers concise back-office support and is the only expense management solution that gives business owners the ability to match each expense to their OPEN Business Card statement.”
Too bad it’s not a fully fledged expense tracker – expenses not charged to the account can’t be added – but ReceiptMatch will still make your life a lot easier when it comes to sorting out your business finances
That’s a pretty cool and innovative aspect for managing the expenses incurred by the card. All expenses at one place can be tracked and kept in flow. I don’t think there is any other good option for managing the expense reports of the card. I was looking for such a tools. Thanks for the information.
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