New Business Expense Management App For The iPhone

By PRESS RELEASE — July 22, 2009

SAN DIEGO /PRNewswire-FirstCall/ -- Mitek Systems, Inc. announced its Mobile Receipt application is available on the App Store.

Mobile Receipt converts the photo of a receipt taken with the iPhone camera into a high quality image and, with a single tap, converts the data into a professional looking expense report.

Mobile Receipt saves time, enhances productivity and can help speed reimbursements.

"The use of Mobile Receipt on iPhone translates into less wasted time, more accurate reporting, and faster expense reimbursement," said James DeBello, president and CEO, Mitek Systems. "In this case what's good for the employee is good for the company too."

For most business travelers, when travel is completed, the real work is just beginning. Designed for the road warrior, Mobile Receipt is easy to use and simplifies the tedious process of gathering and sorting paper receipts. It prevents the loss of receipts; eliminates the need for cutting, pasting and scanning; and stops the need for time-consuming faxed expense reports.

To capture a receipt the user simply snaps a photo of it and assigns an expense category. In seconds, 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 your email address complete with printed images of the receipts acceptable for reimbursement and tax reporting purposes. No stapling or pasting of receipts is required.

"iPhone users are a very tech-savvy group who understand the value of managing their receipts right from their phone," said Bob Egan, Global Head of Research and Chief Analyst for TowerGroup, a leading research and advisory services firm. "Mitek's approach appears to simplify the application by automatically improving the receipt image captured by the iPhone. Mitek and others are creating affordable iPhone applications that continue to provide value to consumers."

Mobile Receipt is available for $4.99 from the App Store on iPhone.

Mobile Receipt is part of Mitek's family of innovative Office On My Phone ("OOMPH") mobile document capture applications, and follows the launch of its flagship Mobile Deposit product that allows users to deposit checks via camera-equipped mobile phones.

About Mitek Systems
Mitek Systems is an innovator of advanced image analytics and mobile document capture applications for camera phones. For over twenty years, the company has developed the most comprehensive suite of intelligent character recognition software used to test, clean, authenticate and extract data from imaged checks, documents and objects, and its software is used to process more than ten billion transactions per year. 

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