Fraud continues to plague organizations big and small, and with a potential cash crunch looming over many businesses, fighting fraud is more important than ever. But it takes a lot of work for AP teams, regardless of size. Sure, a small business with a two-person team risks overworking or giving away too much financial access …
Fraud hits every business hard. Recent research from the Association of Certified Fraud Examiners shows that a typical organization loses 5% of its revenue to fraud every year, with a median loss of $125,000. What’s worst is that fraud typically goes unnoticed for an average of 14 months, resulting in average losses of $8,300 a month. …
According to a recent Pymnts research, almost 4 out of every 5 finance leaders in the U.S. and U.K. believe their firms’ accounts payable (AP) operations can’t sustain continued growth, with many of them blaming inefficiencies from the use of manual processes, which they say are also leading to fraud and risk exposure. The survey …
CFO Guide – How to Select the Right Intelligent Automation Solution 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.
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 »
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 »
After careful consideration, we have decided to sunset the Itemize expense management app. We want to thank all users of the Itemize Expense Management App. We appreciate your support and business over the last decade and we are here to help you prepare for a smooth transition when service ends on April 1, 2022. The …
Expense fraud can often be difficult to diagnose, but it is often one of the most underrated forms of fraud. According to the Global Payroll Association, 10% of employees claim they often submit erroneous reports, while a whopping 20% do so irregularly. And if your financial team is manually cataloging these expenses, it’s easy to …
Khushboo Koutu Despite COVID, 2020 saw a large number of mergers and acquisitions varying in size and industry. The total value of transactions reached 127.8 Billion US dollars. And this number is expected to be much higher in 2021. From a business perspective, a successful M&A deal means quick and efficient consolidation of systems and …
How The Right Intelligent Automation Technology Can Ease M&A Process Read More »
Did you know that 80% of data worldwide will be unstructured by 2025? (IDC) Applying RPA to these unstructured or semi-structured data sets results in cumbersome processes and errors. Most organizations are struggling to resolve this challenge and achieve a reasonable level of Straight Through Processing (STP) – but RPA is not the answer. Legacy …
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