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KYP Itemize partnership

Itemize Announces Strategic Partnership With KYP

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NEW YORK, June 21, 2023 –  Itemize, the first AI-powered automation platform for payables and procurement processing, has announced a strategic partnership with KYP, a leading real-time and proactive alerts risk intelligence platform.  This strategic partnership will deliver robust and real-time continuous risk monitoring for added due diligence to Itemize’s clients. Similarly, KYP will offer Itemize’s AI …

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Learn how KOSA Design Studio Saves 70% Time per Invoice

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Customer KOSA is a multidisciplinary design studio. They design and build high-end commercial spaces and homes in New York City and the Hamptons. Challenge KOSA has a portfolio of 10-15 properties/development projects. Managing 3,000 invoices per month was challenging and the AP department needed a robust solution. KOSA was looking for a modern, digital accounts …

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AP Automation

How to Build a Business Case for AP Automation in Five Steps

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Automating accounts payable is a cost-effective, low-effort alternative to other digital transformation projects, but its benefits are both immediate and widespread. With all the advantages of automating AP, adopting this technology should be a no-brainer. But where do you begin? Whether you are just beginning your automation journey or looking to improve your existing AP …

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wholesale lockbox

AI-Powered Financial Automation for Wholesale Lockbox Processors

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Wholesale lockbox processors often struggle with manual data entry because it can be time-consuming and error-prone. In a lockbox operation, customers send payments (such as checks or electronic transfers) to a designated post office box. The lockbox processor then retrieves these payments and deposits them into the customer’s account. The lockbox processor needs to extract …

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B2B Financial Document Automation

Why B2B Financial Document Automation Critical for Transaction Processors and Banks

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What is Financial Document Automation AI-powered B2B financial document automation is the application of artificial intelligence and machine learning algorithms to automate and streamline the processing of financial documents.  The technology is designed to reduce manual data entry, minimize errors, and improve accuracy and efficiency in processing financial documents such as invoices, purchase orders, receipts, …

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Breaking Down VAT Compliance Reporting

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Currently, value-added tax (VAT) is used by over 160 countries worldwide, spanning from Latin America to Europe, Africa, and the Asia Pacific. But for accounting professionals, this rapid globalization comes with tax compliance obligations in multiple jurisdictions. Changes in governance and globalized business practices have drastically changed the way VAT is filed and processed. As …

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Financial Services BPO Transforms Back-Office Operations with Itemize

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A leading financial services BPO offering solutions that ignite efficiency, savings, and revenue growth across industries. The team has noticed increased digitization efforts amongst its customers in recent years. The BPO wanted to deliver end-to-end services for intake, document categorization, and data capture processing of invoices, receipts, POs, and other finance, accounting, AP, AR, and …

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The True Cost of Manual AP and Three Reasons to Consider Cloud

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According to recent research from the Institute of Finance and Management (IOFM), more than 75% of all annual invoices are still processed manually. Many businesses have implemented strategic initiatives to reduce costs and better manage discretionary spending. However, paper documents are still sent back and forth, and faxed and e-mailed documents still require manual handling.  …

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