Yatra Online, Inc. Unveils Gen AI-powered Expense Management Solution for SMEs and Large Enterprises
GURUGRAM,
Yatra's Expense Management Solution stands out with its utilization of cutting-edge technologies including GenAI Large Language Models (LLMs) for receipt analysis. Unlike traditional OCR technology, this ensures more accurate and comprehensive expense tracking, significantly reducing errors and saving time. Additionally, it features an integrated chatbot based on Gen AI and RAG models.
Designed as an end-to-end travel solution, the tool manages everything from booking flights, hotels, and cars to recording incurred expenses during travel within a single platform. As the leading corporate travel provider, Yatra’s introduction of this solution underscores its commitment to continuous innovation and excellence in the travel industry.
Other key features of Yatra’s Expense Management Solution include:
- Multi-level approval process tailored to meet specific company requirements, ensuring streamlined workflow management.
- Seamless integration with ERP systems facilitates smooth data flow and enhances operational efficiency.
- Advanced analytics powered by a Power BI dashboard, providing deep insights for comprehensive expense analysis, empowering informed decision-making and strategic planning.
- Mobile application for Android and iOS, allowing users to create and approve expenses, view reports, check reimbursement status, capture mileage via GPS, make small payments through UPI, and automatically generate expense items from UPI payments.
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Expense auditing, integration with
Google APIs for mileage tracking, and split expense capabilities.
Yatra’s Expense Management Solution is rigorously tested for reliability, including load and stress testing to accommodate up to 150 simultaneous connections (users) submitting expense data concurrently. This ensures uninterrupted performance even during peak usage periods, guaranteeing a seamless experience for all users.
The heart of this tool is the expense rule mechanism, offering unparalleled flexibility and customization to set sophisticated expense rules tailored to specific needs, whether based on geography, employee grade, or expense category. With 800+ corporates already poised to use this solution, Yatra's Expense Management Solution is set to become an indispensable tool for any business looking to manage expenses effectively.
About
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VP, Head of Corporate Development and Investor Relations
ir@yatra.com
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