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The Payments Association’s Guide to Artificial Intelligence

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 …

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5 Accounts Payable (AP) Software Features for the Next Decade

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 …

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AP Automation in the Era of Supply Chain Disruption and Labor Shortages

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 …

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Get More Out of Your AP Workflow with Touchless AP Automation

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 …

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Intentional vs Unintentional Expense Fraud (And Finding the Difference)

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 …

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Itemize Intelligent Automation Solution for VAT

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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From Capture to Claim: VAT Reclaims with Automation

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 …

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How to Overcome Risk and Compliance Issues Associated with AI Solutions?

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 …

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