Purchase Categorisation
Taggun's Purchase Categorisation features automatically classifies transactions into meaningful categories, providing valuable insights for expense management and financial analysis.
Overview
Purchase Categorisation uses advanced machine learning algorithms to assign relevant categories to transactions based on various data points extracted from receipts and invoices. This feature streamlines expense reporting, budgeting, and financial analysis processes.
Key Components
- Merchant-Level Categorisation: Categorise entire transactions based on the merchant type and other transaction details.
- Product-Level Categorisation: Categorise individual items on a receipt or invoice for granular expense tracking and insights.
Benefits
- Automated expense categorisation for faster reporting
- Consistent classification across all transactions
- Detailed insights into spending patterns and behaviour
- Simplified budgeting and financial planning
Updated about 1 month ago
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