US Bank, Chrome River unveil AI-based mobile payment, expense management app
U.S. Bank and Chrome River recently unveiled a mobile payment and expense management tool, called the U.S. Bank Expense Wizard, which uses chatbots and artificial intelligence to help infrequent travelers manage company business trips.
Expense Wizard is a virtual assistant and mobile app that allows employees to book travel within company policies, pay with a virtual mobile wallet and capture receipts instantly while they are still traveling.
“When talking with customers, we found consistent frustration around managing expenses for both non-employees and employees and employees who travel without a corporate card,” Bradley Matthews, senior vice president, U.S. Bank corporate payment systems, said in a company release.
The app is designed to help companies manage travel not only for infrequent company employee travel, but also for outside contractors and candidates that may be visiting on a job interview.
Chrome River, which develops expense management software, has long sought the ability to create what it calls the zero touch expense report, according to CEO Alan Rich, which uses advanced image processing, AI and bot technology.
“U.S. Bank and Chrome River share the same commitment to innovation, and to making the business travel payment and expense process streamlined and risk free,” he said.