Payhere Launches 'AI Expense Ledger' Service for Small Business Owners

-Just take a picture of the receipt, statement, or tax invoice with your mobile phone.

-AI analyzes spending patterns by category, business partner, day of the week, and date

-Free support through the 'Payhere App' without industry or longevity restrictions

Integrated store management platform Payhere (CEO Park Jun-ki) announced on the 21st that it has launched an 'AI Expense Ledger' service for small business owners who are having difficulty managing complex expenses such as food and raw materials.

If you take pictures of various transaction records such as receipts, statements, and tax invoices with your mobile phone, AI will automatically recognize them and classify them by category and business partner. Small business owners can easily check the purchase status and spending patterns by day and week, and improve efficiency by reducing unnecessary costs.

For example, if you take a picture of a grocery purchase receipt, AI will organize it into categories such as ▲fruits and vegetables ▲meat ▲dairy products ▲processed foods, etc. It can identify the cost level for each menu and use it to calculate cost ratio targets or appropriate sales prices.

In addition, you can systematically manage the overall expenditure flow by registering all kinds of store operating expenses at once, including ▲head office purchase orders ▲large marts ▲traditional markets, etc., business partners, ▲labor costs ▲rent ▲utilities, etc. In addition, you can safely store physical receipts digitally or use them as supporting documents for submission to tax accountants.

The owner of restaurant A, who previously experienced the beta test, said, “In the past, I had difficulty using Excel, so I had to leave it up to my employees to manage my expenses, but now I can take pictures of receipts and manage them myself whenever I have time.” He added, “It analyzes the details easily without complex calculations, so even old people can use it without any inconvenience.”

AI expense ledger can be used for free without any additional costs by simply downloading the 'PayHere' app. You can freely set categories and use them according to your industry, such as the restaurant industry, wholesale/retail industry, or service industry.

Payhere CEO Park Jun-ki said, “In an environment where prices have been continuously rising recently, we have focused on supporting small business owners to manage store operating costs more systematically,” and “Going forward, we will help small business owners operate all processes, from founding a business to operating a store, more easily and conveniently through the Payhere app.”

Meanwhile, in addition to the AI expense ledger, the Payhere app provides functions necessary for overall store operation, such as non-face-to-face card membership, Naver Place integration, delivery app review integration, barcode scanner, and tax refund, free of charge.