What is SplitParty?
SplitParty is an AI-powered financial management application designed specifically for simplifying group expense splitting among friends and acquaintances. This innovative tool eliminates the common hassles associated with dividing bills after social gatherings, dining experiences, events, or travel by automatically processing receipts and distributing costs accurately. The app serves as a centralized platform where users can upload receipts, automatically categorize expenses, and ensure fair distribution of costs among all participants in any shared activity.
How to use SplitParty?
Using SplitParty is straightforward and efficient. First, open the app and select the "New Split" option. Then, take a photo of your receipt or upload an existing image from your gallery. The AI technology will automatically scan and analyze the receipt, identifying all items and their respective prices. Next, you can manually adjust any items if needed, then add participants to the split by selecting their names from your contacts or entering their email addresses. The app will calculate each person's share based on the items they consumed or equally divide the total amount. Finally, send the split to all participants, who can then mark their payments as complete once they've transferred their share. The app also allows setting up payment reminders to ensure timely settlements.
Core features of SplitParty?
- Smart Receipt Processing: Advanced AI technology that automatically scans, reads, and categorizes receipt items with high accuracy, even handling complex multi-item receipts and different currencies.
- Flexible Splitting Options: Multiple distribution methods including equal splits, percentage-based splits, item-specific assignments, and custom amounts, accommodating various group scenarios.
- Real-time Payment Tracking: Visual dashboard showing who has paid and who still owes, with automatic notifications when payments are completed or overdue.
- Group Management: Easy addition and removal of participants, with the ability to create and save groups for recurring events like dinner clubs or travel companions.
- Export and Reporting: Generate detailed expense reports and export data for personal records or reimbursement purposes, supporting both PDF and CSV formats.
