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Expensify Announces New AI-Powered Audit and Compliance Tool

Expensify announced this past week the launch of their AI-driven audit and compliance tool called Concierge DoubleCheck.  It is the latest addition to the extensive Concierge toolset that is Expensify’s AI-powered virtual assistant. A key feature of Concierge DoubleCheck is the automated verification of basic receipt information that includes identifying duplicate expenses, inaccurate currency conversion rates, and manually altered documents.

“Concierge DoubleCheck tells you in real-time if any expense looks unusual and why,” says Expensify’s Director of Sales Jason Mills in a press announcement. “It helps employees fix expenses before they’re submitted, and gives auditors the information they need to quickly and confidently approve or reject an expense.”

Concierge DoubleCheck expedites expense report review and reimbursement, and gives a company the assurance that that employees are spending within its policy guidelines.  Instant identification of non-compliance shows employees why certain expenses are out of policy and this trains them to better account for their future expenses. The tool also serves as a safeguard against fraud.