Data Field
Value
Merchant:
Merchant Category:
Food & Beverage
Purchase Date:
Subtotal:
Tax:
Total:
Payment Method:

Quickly extract data from

Payments Documents

Hotel Folios Business Invoices Restaurant Bills Business Travel Receipts Fuel and Transportation Receipts Reimbursable Purchase Receipts Business Expense Receipts

accurately and automatically.

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All the data you want

Without the hassle of starting from scratch.

Cloud Based Processing

Upload receipts, invoices, and hotel folios for accurate extraction of Date, Merchant, Subtotal, Grand Total, Sales Tax, VAT, and more.

Fast Implementation

Quickly connect via a single API request that uploads the document. Receive a webhook response containing the dataset.

Fully Structured Data Response

Receive a fully structured JSON object with merchant information, financial values, and payment details.

{
"merchant": {
        "category": "RESTAURANTS / BARS",
        "name": "Starbucks",
        "expense_category": "Food and Dining",
        "branch": {
            "phone": "5555555555"
        },
"subtotal": 7.40,
"payment_type": "Credit Card",
"tax": 0.42,
"currency": "USD",
"total": 7.82,
"financial_values": [ {
        "financial_value_type": "Tax",
        "financial_value": 0.42
    } ]
}

Application Use Cases

The Situation: Banking and payment systems in the United States were built during a time when the IBM punch card limited the amount of data that could be sent across a network. Payments and banking systems get summary data from card transactions, but never the line item details. The Payments ecosystem cannot know what a customer purchased unless the customer tells them.

The Itemize API Edge: By implementing the Itemize API into banking and payment systems, a bank or payments processing company is able to extract line-item data from receipts, match the receipts to a credit or debit card charges and provide reports to a card holders or customers about the details of their credit card transactions. The data extraction and matching is done automatically, without human touch, quickly and accurately, allowing you to provide a value- added service to card holders or customers to enhance customer retention and card usage and generate additional fee income.

The Situation: Businesses use expense management tools to collect and audit employees’ reimbursable business expenses and to make these disbursements. The tools require employees to prepare a report that details these expenses. In most cases, employees or their assistants must input the relevant information manually. Significant time is spent in this process. The inherent lack of accuracy in this process causes businesses to expend resources to audit expense reports and results in employees failing to be reimbursed fully or on a timely basis.

The Itemize API Edge: The Itemize API automatically captures data from the reimbursable receipt in less than 20 seconds with 95% accuracy and enters the data in the expense reimbursement report. Manual data extraction and entry are eliminated. Costs decrease and efficiency and accuracy increase, in each case dramatically. An added benefit: employees have a significantly more user-friendly expense reimbursement experience.

The Situation:  Professional Employer Organizations (PEOs) are outsourced managers of all talent management and HR tasks, which include disbursing paychecks and expense reimbursements to employees. PEOs use expense management tools to collect and audit employees’ reimbursable business expenses and to make these disbursements. The tools require PEO’s clients to prepare a report that details these expenses. In most cases, employees or their assistants must input the relevant information manually. And in most cases, the PEO does not maintain the original document and audit trail. 

Significant time is spent in this process. The inherent lack of accuracy and auditability in this process causes PEOs to expend resources to audit expense reports and results in employees failing to be reimbursed fully or on a timely basis.

The Itemize API Edge: The Itemize API automatically captures data from the reimbursable receipt in less than 20 seconds with 95% accuracy and prepares the data for expense report. Manual data extraction and entry are eliminated. PEOs’ costs decrease and efficiency and accuracy increase, in each case dramatically. An added benefit: Employees have a significantly more user-friendly expense reimbursement experience and transaction volume should increase. An added benefit: PEOs capture a greater portion of the employee value chain and additional transactions.

The Situation:  Accounting Software helps businesses streamline accounting and bookkeeping functions.  But, almost all of these tools require someone to enter the relevant data by manually copying information from paper or digital receipts and invoices and performing applicable transaction matching functions.   

The Itemize API Edge: The Itemize API automatically captures data at the source in less than 20 seconds with 95% accuracy and performs transaction matching.  Manual data extraction and entry, and manual transaction matching, are eliminated.  Costs decrease and efficiency and accuracy increase, in each case dramatically.

The Situation: Bookkeepers collect documents, manually extract data from the documents, and enter the data into the appropriate accounting records. The majority of these documents are receipts, hotel folios or invoices.

The Itemize API Edge: The Itemize API automatically captures data from receipts, hotel folios and invoices in less than 20 seconds with 95% accuracy. Manual data extraction and entry are eliminated. Costs decrease and efficiency and accuracy increase, in each case dramatically.

The Situation: Market research companies seek to determine which consumers are buying, where and what they are buying, and how much they are spending overall. Marketers use research results to adjust their campaigns to better reach, attract and incentivize consumers. To date the gathering, categorization and analysis of the relevant purchase information has been done manually, with attendant costs of manual labor, delays in obtaining information and inaccuracies resulting from human error.

The Itemize API Edge: By integrating the Itemize API into its market research system, a market research company can automatically extract line item information from receipts, folios and other payment documents, aggregate the information in categories, and provide valuable marketing information concerning who is buying, where and what they are buying, and what they are spending overall. You save manual labor costs, increase efficiency and accumulate very large volumes of relevant data quickly and accurately.

"Itemize has saved my company hours & hours of time working on expense reports and receipts!!"
Jennifer H.
Satisfied Customer
"Very easy to use, and our accounting department loves it. Simply the best way for our sales people to track their expenses."
Ron L.
Satisfied Customer
When I'm traveling, I use Itemize to capture my receipts. That way our corporate office has accurate and matched expenses.
Jeremy E.
Satisfied Customer

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