U.S. Bank and Chrome River launch travel expense management tool

U.S. Bank and Chrome River have introduced the U.S. Bank Expense Wizard – a payment product combining both virtual payments and expense reporting in a mobile app powered by chatbots and artificial intelligence.

Expense Wizard is a travel expense management tool with a mobile app and virtual assistant designed to make it easy for employees to arrange travel within company policies, pay with a virtual card in a mobile wallet and capture and file receipts for expense reports as they go through their trip. It also is the first to offer a virtual card into an infrequent traveller’s mobile wallet.

Infrequent travellers, such as job candidates and contractors, have traditionally been relegated to paying their own expenses, filling out forms and waiting for administrative processes and approvals to be completed prior to reimbursement. Expense Wizard solves this by providing an AI-based chatbot that enables payments and fully integrates into Chrome River’s expense reporting solution.

Expense Wizard also delivers cost-control and risk-reduction benefits for companies, while streamlining the travel experience for the traveller. The solution will be available soon for Chrome River and U.S. Bank customers and will continue to expand in availability with additional enhancements later in 2019.