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Startup, New York, NY – 11-50 employees

While there have been great advancements in digitizing payment and financial systems, 80% of accounts payable documents in the United States are still entered manually. In the corporate segment, 15-20 million employees enter their expenses by hand. Among small businesses, the burden of paper receipts and invoices is even greater, evidenced by the large number of third-party bookkeeping services. For businesses of all sizes, purchase data remains trapped in receipts, invoices, and other payments documents. Expense reimbursement, compliance, reconciliation, and audit processes are choked and inefficient, lacking structured access to underlying purchase details.280,000 297,000 2% growth mon/mon341,000 7% growth mon/mon