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Simple Mistakes Can Cost Big Money; Is Your Business at Risk?

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 …

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The APIs Powering OCR Data Extraction at Itemize

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 …

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What is OCR and How Does It Help With Data Extraction

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 …

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4 Key Accounting Trends to Look for in 2017

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 …

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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 of payment. Many countries …

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