TripActions, a travel management platform, announced the launch of Auto-Itemization, a new offering from TripActions Liquid, the company’s spending solution. The new tool leverages artificial intelligence and machine learning to automatically assign individual line items on a receipt to expense categories and then applies company policy to each line item. This capability, said the announcement, revolutionizes what has historically been “a frustrating, 10-step manual process” and streamlines the entire expense management workflow, saving countless hours of reporting for both employees and finance teams. In development for more than a year, said the announcement, Auto-Itemization is the first and only solution that automatically splits transactions and attributes each line item to specific expense policies. The technology allows a user to simply upload a receipt for automatic itemization; using AI, foreign language translation and fuzzy matching, each line item is categorized and assigned to a specific policy with over 90% accuracy. The use of machine learning also ensures that accuracy will increase over time. Michael Sindicich, general manager and head of TripActions Liquid, said that traditionally, finance teams have manually checked every single receipt that’s been uploaded into their expense management system. This leads to countless follow-ups with the cardholder for additional context, creating a time-consuming and frustrating experience for everyone involved, he said. “The amount of busywork that Auto-Itemization reduces for finance teams and users is absolutely game-changing,” said Sindicich.