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Parsing technology draws valuable information such as vendor name and payment date, amount and method from your receipts and organizes it into a digital filing system that sorts by tax category or what have you. If you prefer, you can export the data to your companys Excel program for reporting purposes. Youve just made life much easier for your accounting department. Since a portable scanner also retains digital copies of your receipts, you are able to access them at any time should you need them for future reference. Try taking a portable scanner to your next business meeting.