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Month-End Close

Streamline Your Month-End Close Process with AP Automation

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The month-end close process in any organization can be time-consuming and labor-intensive, particularly for the accounts payable (AP) department. It involves reconciling financial records, ensuring accuracy, and preparing various reports for management and stakeholders. However, with the advent of technology and the rise of AP automation solutions, this cumbersome process can be made significantly more …

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Steps to automate AP

7 Tips for Automating the End-to-End Accounts Payable Process

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In today’s fast-paced business world, efficiency and accuracy are paramount in managing finances. The accounts payable process, which involves managing and paying invoices, can be time-consuming and error-prone if handled manually. This is where automation comes to the rescue. Automating the end-to-end accounts payable process can save time, reduce errors, and improve overall financial management. …

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AI-Powered PO Matching

Leveraging AI to Automate Multi-line PO Matching

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In the world of procurement and supply chain management, one of the most critical and time-consuming tasks is Purchase Order (PO) matching. This process involves comparing the details of received goods or services with the corresponding purchase order to ensure accuracy and compliance. Traditionally, multi-line PO matching has been a labor-intensive and error-prone task. However, …

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AP Automation

How AI Can Revolutionize Finance and Accounting: 5 Practical Applications

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The finance and accounting world has always been marked by complexity, high volumes of data, and a need for accuracy. In recent years, artificial intelligence (AI) has emerged as a transformative force that has the potential to revolutionize the way financial and accounting tasks are performed. From automating mundane tasks to making complex financial predictions, …

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Navigating Financial Success: Most Valuable and Widely Used Accounts Payable Benchmarks and Metrics in 2023

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In the dynamic landscape of finance and accounting, staying ahead of the curve is essential for any organization’s success. In 2023, the importance of managing accounts payable (AP) effectively cannot be overstated. AP departments play a crucial role in an organization’s financial health, and to gauge their performance, businesses rely on a set of benchmarks …

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data capture

Transforming Finance and Accounting: The Power of Generative AI

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The financial and accounting sectors have always been at the forefront of technological advancements, driven by the need for accuracy, efficiency, and compliance. In recent years, one of the most significant breakthroughs in this field has been the emergence of Generative Artificial Intelligence (Generative AI). With its remarkable ability to understand, generate, and manipulate data, Generative AI …

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Itemize Welcomes Steve Markle as Chief Operating Officer to Drive Innovation, Growth, and Scale

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NEW YORK, Sept. 12, 2023 /PRNewswire/ — Itemize, the only Global AI financial automation platform for AP/AR payables and wholesale lockbox processing, has appointed Steve Markle as chief operating officer. Reporting directly to James Thomas, founder and CEO, Markle will lead the Itemize Go-To-Market units, encompassing product, sales, service, and account management. With a distinguished career spanning more than 25 years in B2B …

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The Power of Invoice Automation for Construction Companies

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In the fast-paced world of construction, efficiency is key. Every delay, bottleneck, or misstep can have significant consequences, from project delays to budget overruns. One area where construction companies can significantly enhance their efficiency is in their financial processes, particularly invoice management. Invoice automation is a game-changer for construction companies, streamlining operations, improving accuracy, and …

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Top KPIs for Accounts Payable: The Best AP Metrics to Track

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In the dynamic world of finance and business operations, managing accounts payable (AP) effectively is crucial for maintaining a healthy financial ecosystem. Accounts payable represents the funds a company owes to its vendors, suppliers, and creditors for goods and services received. Monitoring key performance indicators (KPIs) is essential to optimize the AP process, streamline workflows, …

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wholesale lockbox

Revolutionizing Finance Operations: The Power of AI and ML in Itemize’s Solutions

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In today’s digital age, businesses are under increasing pressure to streamline their operations and reduce costs while delivering better customer experiences. This means finding ways to automate processes, reduce errors, and increase efficiency for AP departments. That’s where AI and ML technologies come in.  So, what are AI and ML, and how are they used …

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