The company has increased its AI investments over the past year, particularly in customer-facing applications. These capabilities have saved the average enterprise customer 300 hours per month in employee expense compliance effort and an annualized $18M+ by blocking out-of-policy spend. The AI has also automatically generated over 1.4M receipts and 1M receipt memos, GL-coded millions of transactions, filled more than 450,000 reimbursements, and approved more than 2.7M in-policy expense transactions.
Key takeaways:
- Brex has launched Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity.
- Brex Assistant uses natural language and autonomous AI agents to automatically populate expense documentation and assign the expense to the appropriate category and budget.
- The AI-powered assistant can answer questions, execute commands, and provide information about past transactions.
- Brex's AI and automation capabilities have saved the average enterprise customer 300 hours per month in employee expense compliance effort and an annualized $18M+ by blocking out-of-policy spend.