Today, Ink from Chase, the business card portfolio from Chase Card Services, announced a new receipt capture capability exclusively for Jot, a free mobile application and online tool designed to meet the needs of small business owners who are often on the go. Jot saves small business owners time in the back office by enabling them to easily track, categorize and organize business expenses — including actual receipts — in real-time from their iPhone and Android mobile devices.
Jot sends small business owners a push alert within seconds of making a purchase with their Ink card. Customers can immediately tag these purchases to custom categories on a mobile device or online. With the receipt capture feature, customers simply take a photo of a receipt with their mobile device camera and attach it to purchases made with an Ink card. Customers can then sort transactions, download and print receipts online and create and download reports containing purchases and receipts into accounting software, including QuickBooks and Excel.
“Small business owners are constantly on the go and do not want to be reconciling reports with a shoebox full of receipts,” said Richard Quigley, president of Ink from Chase. “More than half of all active Jot users use the app from their smartphone while on the go. Receipt capture now allows Jot users to better and more easily organize their back office by throwing out that shoebox and taking those categorized receipts with them wherever they go. With less time spent reconciling receipts, small business owners and their employees can devote more time to growing their businesses.”
Jot provides Ink from Chase customers a variety of additional mobile benefits, including the ability to immediately view all transactions on their account, including those of their employees, through their mobile device or online. Customers can also adjust employees’ card spending limits in real-time via a mobile device.
Financial institutions are finding new ways to extend their reach through mobile devices. In addition to offering mobile banking (including mobile remote deposit capture for both consumers and small businesses), some FIs are touting such capabilities as consumer mobile bill capture and now small business receipt capture for businesses, with more innovative capabilities to come.
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