Over the decades, business process outsourcing (BPO) has shifted from primarily a cost-cutting measure to a method of supporting in-house staff. And with the ongoing labor shortage, offloading some of the responsibilities through outside expertise just makes sense. Already 57% of businesses outsource different processes to better focus on their core business functions and operations. …
Business Process Outsourcing For AP Data Capture Read More »
Your procurement team has been hard at work scouting and onboarding vendors that can take the company to the next level. However, it’s the AP team that keeps these relationships on firm foundations. Late payments can strain or even destroy otherwise positive supplier relationships – even if the cause is due to a small error. …
Improving Supplier Relationships with Automated AP Read More »
Itemize AP Automation Solution is a smart, powerful, and end-to-end enterprise invoice processing solution that removes any labor-intensive and error-prone steps to transform your accounts payable process into a cost-saving and value-adding operation.
Document Data Extraction: Use Case The majority of payments organizations with over 5,000 employees are using some form of AI. If you are looking for other cost-effective and non-manual ways to satisfy the regulator, then you must read our latest guidebook to find out how to boost revenues by increasing personalization of your services to …
The Payments Association’s Guide to Artificial Intelligence Read More »
Accounting automation has been on the agenda for most businesses over the past decade. Even before the pandemic, companies knew that automation, particularly with AI, provided optimized business operations and freed up time for workers to be creative. In fact, there are many areas of improvement in the actual accounts payable process. We know, for …
5 Accounts Payable (AP) Software Features for the Next Decade Read More »
The past two years have fundamentally changed the way businesses are structured – and we aren’t just talking about working from home. The clear logistical challenges and supply chain woes have highlighted organizational gaps across industries. Asynchronous lockdowns and shipping delays continue to take their toll on the market. Accounting has been one of the …
AP Automation in the Era of Supply Chain Disruption and Labor Shortages Read More »
Many organizations have yet to discover fully automated Accounts Payable (AP). Automated AP is more than capturing part of the invoice data and emailing it to someone. This self-assessment checklist will help you uncover the true conditions of your AP automation and discover and evaluate areas for improvement.
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 …
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