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 »
You did everything by the book. You were on the pulse of the latest technology innovations for finance and accounting, and you knew automation was the way to go. After several meetings with your colleagues, you received the green light to go ahead and begin implementing serious changes. Changes meant to boost efficiency, decrease human …
Why Finance Automation Fails (and 6 Steps for Success) Read More »
You have done everything by the book. You have been on the pulse of the latest technology innovations for finance and accounting, and you knew automation was the way to go. After several meetings with your colleagues, you received the green light to go ahead and begin implementing serious changes—changes meant to boost efficiency, decrease …
5 Reasons Finance Automation Fails (and How to Succeed) Read More »
A company’s accounts payable process must be accurate. Before sending any payments, the organization needs to be sure an invoice is both legitimate and correct. Yet, the need for accuracy can also become a drag on efficiency, making AP processes cumbersome, lengthy, and resource-intensive. In our latest whitepaper, we look at four challenges associated with …
The Challenges of Accounts Payable Automation and How to Overcome Them Read More »
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