What is ReceiptIQ?
One tool to extract data from receipts and manage your workflow. ReceiptIQ helps teams process receipts faster, smarter and more efficiently, delivering the visibility and data-driven insights to mitigate risk and ensure compliance.
Problem
Users manually enter data from receipts and invoices, which is time-consuming and prone to errors, delaying workflows and compliance checks.
Solution
AI-powered tool that automatically extracts and organizes data from receipts/invoices, enabling bulk processing, real-time validation, and integration with accounting/finance systems.
Customers
Accounting teams, finance managers, auditors, and SMEs handling high volumes of receipt data for expense tracking, tax filing, or compliance.
Unique Features
Combines OCR, AI validation, and workflow automation to reduce manual intervention; supports 50+ languages and global receipt formats.
User Comments
Reduces data entry time by 70%
Accurate extraction even from low-quality scans
Simplifies audit processes
User-friendly interface
Needs more ERP integrations
Traction
Launched in Q1 2024; used by 1,200+ teams; $20k MRR (as per ProductHunt data); founder has 2.3k LinkedIn followers
Market Size
The global invoice automation market is projected to reach $2.5 billion by 2027 (MarketsandMarkets, 2023).
