Two years after COVID first began, many businesses are looking to return to business as usual. But for AP departments, the review of the last two years has highlighted the need for digital transformation. In fact, according to the 2020 State of Account Payables Study, 33% of AP professionals said that the pandemic massively impacted …
Get More Out of Your AP Workflow with Touchless AP Automation Read More »
Do you cringe just hearing the words “expense fraud”? You’re not alone. It’s something that every accountant has to deal with, and it is becoming more and more common every year. In fact, it’s so common that on average it causes businesses billions in loss a year. Despite how terrifying that number looks, expense fraud …
Intentional vs Unintentional Expense Fraud (And Finding the Difference) Read More »
Simplify and Automate VAT Capture and Compliance Capture VAT from purchase documents Reclaim EU Import VAT Customs & tariffs compliance Save up to 60% of the value of your goods & equipment. Itemize can help you: Mitigate the risk of human error Make VAT decisions accurately and consistently Support business continuity Generate reports that are …
With the dominance of cross-border payments and global workforces, value-added tax (VAT) has become a challenge for businesses worldwide. Imposed in more than 160 countries, VAT must be accurately captured and tracked for companies to qualify for refunds. While domestic vat reclaims can be relatively painless, cross-border payments are another story. Not only do businesses …
From Capture to Claim: VAT Reclaims with Automation Read More »
There are many reasons why companies love artificial intelligence, especially accounting. 79% of businesses have reported that AI has boosted their productivity. And 80% of executives believe that using AI in accounting will give their organization a competitive edge. But is there a risk to using AI solutions? Whether you apply automation to Accounts Payable …
How to Overcome Risk and Compliance Issues Associated with AI Solutions? Read More »
Most Accounts Payable (AP) departments are struggling with invoice processing. Over 50%of AP teams say they are challenged with processing invoices efficiently and accurately even after spending over $10 on processing each invoice. With the right technology, AP departments can improve accuracy, implement cost-saving measures, and start using intelligence for better decision-making. In our panel …
Webinar: Five Ways Accounts Payable Leaders Can Leverage AI for Success Read More »
The state of Accounts Payable has been evolving, albeit slowly. It’s no secret that lengthy payment approvals, high exception numbers, and lack of visibility are all contributing to overwork and hidden expenses. But technology has been changing, too. And automation may not be enough. To truly stay ahead of the curve, reduce expenses, and shorten …
On an average day, a CFO can stroll into their office, spot stacks of reports on their desk meant to help the team make better decisions, but never get to them. Finance teams across the country are overloaded with legacy processes, which can turn office tasks into a nightmare. Only 14% of paper invoices, which …
How Machine Learning and AI Will Revolutionize CFO Operations Read More »
Curious to know what it takes to be a successful CEO today? James Thomas, Founder, and CEO of Itemize shares his experience with Matt Crabtree. Listen to the podcast:
A recent CFO dive and Accenture study showed that: Only 7% of CFOs have made significant gains on driving organizational resilience in recent years, even though three-fourths (73%) acknowledge they’re currently in a prime position to do so. Of the four tiers of operational maturity (stable, efficient, predictive, and future-ready), only 5% of CFOs have …
How to Design a Risk and Governance Function That Is Future Ready Read More »
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