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MIRAILABS Launches Smart Receipt AI

MIRAILABS, based in Tokyo, has recently introduced their innovative automated receipt processing system called Smart Receipt AI. This groundbreaking technology is set to significantly enhance the efficiency of daily expense management. By integrating state-of-the-art Optical Character Recognition (OCR) with advanced AI scrutiny features, the company aims to reduce the manual data entry and reconciliation tasks that often burden accounting teams.

Background on the Expense Management Challenge

Many businesses face the challenge of dedicating substantial time and resources to process receipts and invoices. Handwritten notes and thermal paper receipts especially tend to lead to inaccuracies and input errors, placing additional strain on financial personnel. Recognizing this issue, MIRAILABS is committed to offering a solution that allows users to easily and accurately handle expense processing through automation and AI technology.

Key Features of Smart Receipt AI

1. User-Friendly Operations
The first standout feature is how simple it is to get started. Users can begin processing by simply capturing an image of a receipt with their smartphone camera or scanning it using a scanner and saving it in a designated folder. The system will automatically initiate processing once the document is received.

2. High-Precision Data Extraction and Account Coding
Smart Receipt AI employs OCR technology to extract data accurately, allowing the AI to refine this information further for precision. It not only identifies necessary data points but also assigns accounting categories automatically, thereby minimizing manual entry efforts associated with journal entries.

3. Seamless Integration with Accounting Software
Once processing is completed, users can easily export the processed data in CSV format or directly to Google Sheets. This feature facilitates direct import into various accounting software, enhancing the overall efficiency of accounting workflows.

4. Linked Receipt Images for Easy Verification
The exported spreadsheets automatically include image links of the original receipts, enabling hassle-free verification at later stages. This link feature ensures that reviewing original documentation becomes streamlined and efficient.

5. Exceptional Read Accuracy
The system boasts an impressive reading accuracy of over 95%. Thanks to the combination of advanced OCR technology and AI validation processes, Smart Receipt AI can automatically detect inconsistencies, such as those caused by thermal paper or handwritten inputs, eliminating the need for tedious searches through large datasets.

Promotional Video

To showcase the capabilities of Smart Receipt AI, the company has released a promotional video that visually encapsulates how the service can be utilized. You can view it at the following link: Promotional Video.

Future Outlook

MIRAILABS remains committed to advancing the utilization of AI in various business efficiency services. Their ongoing mission is to contribute to productivity enhancements and promote work style reforms within organizations.

Company Overview

• - Company Name: MIRAILABS, Inc.
• - Location: 2F, Toranomon 1-chome MG Building, 16-16 Toranomon, Minato-ku, Tokyo
• - Representative: CEO Seiran Iino
• - Business Description: AI solution development, system integration, and consulting
• - Website: MIRAILABS

Contact Information

For inquiries, please contact:
MIRAILABS AI Division
Asanuma
Phone: 03-5542-0163
Email: [email protected]