Estimated reading time: 2 minutes, 3 seconds

Wave, the cloud-based provider of small business finance tools, has just launched a free receipt-scanning tool with companion mobile apps to their growing suite of small business solutions.

Receipts by Wave frees entrepreneurs from manually entering piles of receipts into software, or storing them in wallets, shoeboxes or plastic bags to be dealt with later. Instead, they can file their receipts directly into their accounting on the spot, in seconds, using the Receipts by Wave iPhone app, or online at waveapps.com. An Android app and email tool will be released soon.

"Receipt clutter and the work that it creates has always been a huge pain for small business owners. Not only does Receipts by Wave solve this pain by immediately getting the clutter out of the way, but it goes one step further and actually files the information right into the Wave customer's integrated accounting and financial tools. There are no future to-dos when it comes to that receipt," says Wave CEO Kirk Simpson. "The information can be captured and categorized in your accounting records while you're waiting for your coffee order, or before you leave a restaurant table."

To handle a receipt on the spot, Wave customers simply snap a photo of a receipt with a mobile device, upload a receipt from a computer or forward an emailed receipt. Using Optical Character Recognition (OCR), information is automatically pulled from the image of the receipt. That information is then streamed into Wave's ecosystem of small business tools, where it creates an accounting record that is categorized and matched against existing transactions. The original image is also stored in the system, so it can be pulled up at any point in the future. This end-to-end integration of tools is totally unique to Wave. And like Wave's accounting and invoicing tools, Receipts by Wave is completely free.

"Those little things like piles of receipts that need to be taken care of 'later' just add stress for small business owners," says Simpson. "With Receipts by Wave, we're removing that roadblock. Small businesses are changing the world economy, and with the right tools there's no limit to what they can do. Wave is here to give them those tools."

Business owners can discover Wave's free receipt tools at waveapps.com/receipts, or in the App store by searching for Receipts by Wave. The Android version of the service is expected soon.

Screenshots of the new receipts app are available at waveapps.com/media.

Read 2537 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline