Bizplay, a Webcash affiliate, is joining hands with AI data intelligence company BQAI to develop a system that structures documents generated in business travel and expense management and automatically verifies spending details using AI.

Bizplay said on Wednesday it signed a strategic partnership with BQAI to advance AI-based work automation and enhance services for corporate employees.

The agreement centres on applying AI transformation to business travel and expense tasks at companies and institutions by combining BQAI's data structuring technology and news data with Bizplay's business travel and expense spending platform.

The two companies will jointly study technology to convert unstructured data such as receipts and other supporting materials, settlement and approval documents, and internal rules into formats that can be used in the system.

Based on the structured data, they also plan to pursue proof of concept to verify with AI whether supporting documents and spending details comply with work standards or internal rules.

Lim Kyung-hwan (임경환), CEO of BQAI, stressed, "We will link BQAI's data structuring technology with Bizplay's corporate business platform to present AI services that enhance corporate work efficiency and decision-making competitiveness."

Seok Chang-kyu (석창규), CEO of Bizplay, said, "Through this agreement, we will expand AX for corporate expense and business travel work and improve the accuracy of document processing and service convenience."