ExpenseBot

ExpenseBot is a financial software company that offers a fully automated expense management platform for individuals and businesses. Founded in 2013 by Ed Buchholz and John Siladie, the company launched its service in 2014 with headquarters in Cleveland, Ohio, and Denver, Colorado.

The platform utilizes artificial intelligence and machine learning to automate the entire expense reporting workflow. Key features include AI-powered receipt scanning that extracts details like totals, taxes, and even handwritten notes, eliminating manual data entry. Users can capture receipts by taking a photo, with no separate mobile app required, and the data is processed and organized instantly. The system integrates directly with Google services, using a Google account for sign-in and storing data in the user's Google Drive, and also offers integration with QuickBooks for streamlined accounting. ExpenseBot's AI automatically checks expenses against corporate policies for compliance, detects duplicates, handles multiple currencies, and sorts expenses into categories such as personal, business, or project-specific.

The business model is subscription-based, with pricing per active user. It serves a range of clients from freelancers to midsize businesses and large enterprises, aiming to reduce administrative tasks, ensure compliance, and provide insights into spending patterns. The company participated in the Techstars accelerator program and has received multiple rounds of seed funding from investors including JumpStart and Star Power Ventures. PitchBook data indicates the company may be out of business as of early 2023.

Keywords: expense management, AI automation, receipt scanning, financial software, invoice automation, compliance management, QuickBooks integration, Google integration, expense reporting, spend control