Payhere Launches AI Expense Tracker for Small Businesses

## Revolutionizing Expense Management with Receipt Capture! Payhere Launches Free 'AI Expense Ledger' for Small Business Owners Payhere, a provider of integrated store management solutions, has officially launched its 'AI Expense Ledger' service, set to revolutionize financial management for small business owners. Now, instead of complicated ledger organization, small business owners can simply snap a photo of a receipt or tax invoice with their smartphone, and AI will automatically recognize the content and meticulously categorize it by category and vendor. This service goes beyond simply recording expenses, focusing on maximizing overall business operational efficiency. Small business owners can grasp daily and weekly purchasing status and expenditure patterns at a glance, enabling them to reduce unnecessary costs and optimize their budget. Particularly for food ingredient purchase history, AI automatically categorizes items into detailed groups such as fruits and vegetables, meat, dairy products, and processed foods, providing crucial assistance for accurate cost analysis per menu item and reasonable pricing. Furthermore, it offers integrated management of all store operating expenses, from fixed expenditures like labor costs, rent, and utilities, to transactions with headquarters for ordering, large supermarkets, and traditional markets, allowing for a clear understanding of overall financial flow. Physical receipts can be safely stored digitally and can be used perfectly as supporting documentation for tax accountants, significantly reducing tedious paperwork. The most welcome news is that all these powerful features are provided for free simply by downloading the Payhere app. Categories can be freely set to suit various industries such as food service, retail/wholesale, and service industries, enabling customized management optimized for the characteristics of each business. Park Joon-ki, CEO of Payhere, emphasized, "At a time when the burden of management is increasing due to continuous inflation, we have focused on supporting small business owners to manage their store operating costs more systematically and enhance efficiency." He added, "From the start of a business to daily operations, the Payhere app will be a reliable partner for small business owners' successful businesses." In addition to the AI Expense Ledger, the Payhere app solidifies its position as an all-in-one business platform by integrating various features that assist small business owners with smart store operations, including contactless card payments, Naver Place and delivery app integration, barcode scanners, and tax refunds.