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With the solution developed by American Express and Microsoft, business travelers will be prompted to upload a photo of the receipt each time they use their American Express Corporate Card, according to the press release. An AI-powered decision engine will use that photo to categorize the transaction, assign a risk score ranging from “recommended for auto-approval” to “not recommended for approval” and send that information to an expense management system.
“Advanced technologies like Microsoft Azure AI and machine learning provide powerful, new opportunities to reimagine pervasive, time-consuming manual processes,” Microsoft Corporate Vice President of Worldwide Financial Services Bill Borden said in the release. “We look forward to collaborating with American Express to simplify expense management and deliver intelligent digital capabilities to improve the lives of business travelers and employees.”
