Cost reporting is a time-consuming task。If you ask the people at Concur how long they spent on this work，They will tell you，Estimated time to complete one report is 20 minutes，It will take 18 minutes to correct the error in the report。This is why Anant Kale and Kunal Verma decided to start using AI technology to find a better solution，So they founded 188bet app download seven years ago，Committed to automating a company's cost reporting。

188bet app download completes US million in Series C financing led by Coatue Management，Investors include Redpoint Ventures and Lightspeed Venture Partners。After this new capital injection，The startup’s overall valuation exceeds 0 million。its CEO Kale said，This will help it reduce expenses，Comply with relevant policies，And simplify the process，Accelerate the pace of becoming the top artificial intelligence platform。

188bet app download is headquartered in San Jose, California，Currently more than 1500 customers，Attracts nearly one-third of Fortune 500 companies，And made five times as much money in the process。It expanded its staff last year to more than 200，And expected by 2020，Opening of additional office in Pune, India，and expansion in San Jose，London and Arizona offices，And once again increase its domestic and overseas headcount。

Kale said: "Until now，There is still no big breakthrough in the true digital transformation of CFO organizations，Our artificial intelligence technology learns from massive amounts of data，Get information from thousands of internal and online resources，As well as collecting collective feedback from millions of financial professionals hours。In 188bet app download way，Come to the most effective expense audit solution on the market today，Solve all your most critical business needs in finance with 188bet app download platform。”

188bet app download’s expense audit platform Expense Audit integrates Workday、Oracle、Coupa、Features and services required for Concur and other reports，Can take advantage of computer vision、Deep learning and semantic analysis，Eliminate the hassle of line-by-line approval of travel receipts for managers and auditors。It assigns a rating dimension to the employee，called 188bet app download Behavior Index，The index is derived from every report they submit while traveling、Documents such as receipts and travel documents。Through early learning of thousands of internal and network databases，The software’s audit identification function can identify and distinguish each item’s reimbursement data (such as business travel) in the customer’s submission list，And highlight potential violations that may require a closer look (e.g.，Consumption of alcoholic beverages)。

188bet app download Expense Audit operation interface，Managers can pass relevant policies、Cost center and department filter data，And quickly filter out high-spending content and employees with high risk of violations。When artificial intelligence makes mistakes，Can automatically mark false positives，In case you make the same mistake again。

188bet app download announced，Its technology improves financial risk detection by up to 10 times，And cut the human resource costs required to process reports by 90%。

Ryan Floersch, its senior director of product marketing, said in an interview earlier this year: "The current status quo is that cost reporting auditors submit 2% to 3% of the report content， 188bet app download Insights can be completed to 100%。”

Related supporting services for 188bet app download solutions，188bet app download Insights is just the tip of the proverbial iceberg。Its recently launched supplier invoice review product，Can automatically pick out errors in real time、Fraud and irregular spending；And its contract intelligence products，Ability to analyze key dates、Terms and Pricing，To highlight expired certificates，And warn signatories of possible problems。As for 188bet app download’s AI analysis operation interface，Low-risk expense reports can also be automatically approved，And identify incremental supplier cost increases，Automatically detect things like non-standard charges or supplier cost spikes。

Of course，188bet app download isn’t the only company applying machine learning to expense processing。Pleo offers prepaid Mastercard product，Used to track employee expenses and categorize transactions；And the London-based Soldo platform allows customers to provide services to every employee、Contractors and expenditure departments set different cost standards。

But 188bet app download has the first-mover advantage，Its current customers include Amazon、WeWork、Nvidia、Novartis、Charles Schwab、Citi、Hitachi、Salesforce、Comcast、Intuit、Heavyweight companies such as Airbus and CBS。

Thomas Laffont, senior managing director of Coatue Management, said: “188bet app download provides services that companies have never done before，Ability to audit 100% of company expenses and company employees at scale，And all these tasks must be completed before payment。When we met Anant and Kunal，And their team，We are simply blown away by their AI expertise and vision for financial transformation，Not to mention 188bet app download’s current clear development steps and rapid implementation capabilities in the market。”

*Source 188bet app download: Lieyun.com, author: Kim, original title: "AI startup 188bet app download received US million in Series C financing，Help companies prevent expense fraud》