Itemize Delivers 98% Extraction Accuracy Written by Ryan Courtade, Director of Product and Marketing Managing expenses and payables is a colossal drain of time, energy, and focus. Ten years ago, I was the manager of a small company with 50 employees. I remember spending half a day each month going through the monthly credit card …
Itemize is GDPR Compliant The 25th of May, 2018, was a red letter day— it was the day the General Data Protection Regulation (GDPR) officially became a law. At Itemize, we have always taken seriously the spirit of GDPR— and the protection of every person’s data. Here is a summary of the steps we’ve taken …
The Story of Itemize’s Foundation Sitting on the floor surrounded by hundreds of paper receipts and invoices, Jim was not thrilled by the task ahead: preparing tax filings for his husband’s architecture firm, Kevin O’Sullivan + Associates. He needed to enter all of the documents and then categorize, attach them to billable clients, and create …
The Itemize API – Behind the Scenes Written by Hitesh Chitalia, VP of Technology at Itemize The Itemize API solves a well known issue in expense management: the manual entry of financial values and dates for receipts and folios. We have all been there – the end of the month and you need to submit …
Despite the exponential growth of automation, organizations the world over still rely on manual data entry for procurement. Employees are transferring data from purchase and requisition orders, invoices, and receipts into ERP systems such as SAP, NetSuite, and more. And while the financial implications of error could be disastrous for the bottom line, businesses rarely …
Simple Mistakes Can Cost Big Money; Is Your Business at Risk? Read More »
In today’s market, companies in every industry worldwide are assessing and deploying business API solutions. “2017 is quickly becoming the year of the API Economy,” Louis Colombus writes in Forbes Magazine. As more businesses are powered by APIs, it is up to today’s software architects to develop products that people want and need. Itemize Corp …
The APIs Powering OCR Data Extraction at Itemize Read More »
By kindergarten, Emily had mastered reciting the alphabet and could recognize and write all of her letters. She knew the letters, even though she couldn’t read just yet. In other words, Emily wasn’t able to interpret what those letters strung together in various ways represented on a page. Optical Character Recognition (OCR) is the ability …
OCR Data Extraction: What It Is and How It Works Read More »
As if 2017 doesn’t promise enough drama and change already, the accounting profession is poised for a year brimming with expected regulatory issues and scrutiny. Bloomberg BNA recently released its 2017 Tax & Accounting Outlook report that covers the gamut of legislative, state, international, and tax administration issues. But it also highlights the following four …
December 2016. If you have a QuickBooks Online account or any Intuit.com account, be alert for the newest QuickBooks phishing scam. The M.O. is familiar. You receive an email “confirming” that Intuit (maker of QuickBooks products) has received your request for a Business Name Change for Intuit Services. Make no mistake; this is a scam! …
The History of Receipts The word “receipt” comes from the Old Norman French word for recipe and the Latin word to receive. A receipt is “a written acknowledgment that a specified article or sum of money has been received.” More precisely, receipts contain two main elements: the clearance of goods or services and the settlement …
What Are Receipts: Understanding Their History and Evolution Read More »
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