About once every two-days I’m surprised to find little pieces of paper in my pocket litter collection. Most often, those pieces of paper are various receipts for transactions I’ve conducted over the last two days.
So why do I stash receipts? Simple answer: I use to lose up to $40 a week for business expenses that I was unable to account for.
CapturenGo, a new web-based service for camera-equipped smart phones with cameras helps eliminate this problem.
Available initially for the RIM blackberry platform and Apple’s iPhone, Captureengo lets users snap pictures of receipts (and business cards), and annotate the images with supplemental data needed for expense or trip reports.
Captured images are uploaded (in the .vcf format) from user’s phones to the Captureengo web sites where the information can be further organized into files needed for expense reporting using templates for commonly used Microsoft Excel or Adobe .PDF-based expense report forms.
CapturenGo appears at a time when airlines, hotels and other business related entities are providing travelers with detailed receipts, delivered by email. The new service allows users to forward that data to their CapturenGo accounts where they are easily integrated into expense accounts.
The firm’s CEO, David Peskin, notes that lost receipts cost some business travelers up to $1,000.00 a year. CapturenGo helps plug the drain on non-reimbursed business expenses.
A free version, supporting up to 50 receipt or business card captures is available now at www. CapturenGo.com.
The company is self-funded and its founders come from the banking industry.
Sun sequent versions of the program for Android operating system -based deices are under development, Mr. Peskin noted.
Since it was launched less than four months ago, almost 1,500 users have signed up for CapturenGo, the CEO said.
I like CapturenGo because it neatly solves a problem many business travelers face daily, and because its webs site is capable of generating electronic expense report in the most commonly used formats. It’s easy to use, takes advantage of technology that’s used by everyone. Keep an eye on this Melville, NY, company, they’re on my personal list of Companies to Watch.” -- Jim Forbes on 11/09/2010