Card Transaction Classification uses AI to code corporate card spend, enabling reliable expense data, by classifying transactions against merchant data and expense categories, across corporate card and expense.
Corporate card transactions arrive with terse merchant strings that must be coded to expense categories. Manual or rules-based coding is error-prone, so the books need rework and spend analytics are unreliable.
The AI performs classification on corporate card transactions, merchant data, and expense categories, assigning each transaction a category and flagging the low-confidence ones for review.
Raises the card coding accuracy rate and reduces month-end reclassification effort.
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