July 21, 2009

Mitek Systems (San Diego) has released a new iPhone application that converts photos of receipts into images. Its Mobile Receipt app is available on the Apple App Store. Mobile Receipt converts the photo of a receipt taken with the iPhone camera into a high quality image and converts the data into a professional-looking expense report, according to a release. The aim of Mobile Receipt is to save time, enhance productivity and help speed reimbursements.

Mitek designed Mobile Receipt with the business traveler in mind. The company says using this app can help prevent loss of receipts, eliminates the bother of scanning paper receipts and eliminates the need for faxed expense reports.

Users snap a photo of the paper receipt and assign an expense category. Mobile Receipt's patent pending IMagePROVE technology automatically crops, rotates and scales the image so it is easy to read and print.

With a touch to the iPhone screen, the application automatically creates an expense report and sends it to the user's e-mail address along with printed images of the receipts acceptable for reimbursement and tax reporting purposes. No stapling or pasting of receipts is required.

Mobile Receipt is available for $4.99 from the App Store on iPhone or at the iTunes store. It is part of Mitek's Office On My Phone mobile document capture product line and follows the launch of the company's Mobile Deposit remote deposit capture solution.

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