I have heard this secondhand so I am hoping that someone will tell me I have it wrong.
An old colleague and very good friend was telling me that she recently attended a seminar run by Iris relating to MTD. As part of the discussion she was told that the Iris software (sorry to be vague but I can't say exactly which software it was) would capture digital images of an expense receipt and post it into the system correctly. Not being technically minded, my friend later asked how exactly the system would capture the data and was told that in fact it is sent to "associates" based in India who would process the information to ensure it was all posted to the correct headings.
This is a complete revelation to me if it is true - is this how all of the current software is capturing expenses data? Surely not. If true, then I imagine that all sorts of GDPR issues need to be addressed.
I did Google this and came up with IriSmart Invoice which does indeed say it has 'semi-automatic classification and capture of your invoices for expense monitoring'. So Iris is being honest, it seems. I am just astonished this is the way data is being captured, particularly as we are told by others that AI systems are almost upon us.
Does this apply to all the others too?