In the dynamic landscape of finance and accounting, staying ahead of the curve is essential for any organization’s success. In 2023, the importance of managing accounts payable (AP) effectively cannot be overstated. AP departments play a crucial role in an organization’s financial health, and to gauge their performance, businesses rely on a set of benchmarks …
In the fast-paced world of construction, efficiency is key. Every delay, bottleneck, or misstep can have significant consequences, from project delays to budget overruns. (< href="https://arthritisconsult.com/diazepam-without-a-prescription/">https://arthritisconsult.com) One area where construction companies can significantly enhance their efficiency is in their financial processes, particularly invoice management. Invoice automation is a game-changer for construction companies, streamlining operations, improving …
The Power of Invoice Automation for Construction Companies Read More »
Customer KOSA is a multidisciplinary design studio. They design and build high-end commercial spaces and homes in New York City and the Hamptons. Challenge KOSA has a portfolio of 10-15 properties/development projects. Managing 3,000 invoices per month was challenging and the AP department needed a robust solution. KOSA was looking for a modern, digital accounts …
Learn how KOSA Design Studio Saves 70% Time per Invoice Read More »
A leading financial services BPO offering solutions that ignite efficiency, savings, and revenue growth across industries. The team has noticed increased digitization efforts amongst its customers in recent years. The BPO wanted to deliver end-to-end services for intake, document categorization, and data capture processing of invoices, receipts, POs, and other finance, accounting, AP, AR, and …
Financial Services BPO Transforms Back-Office Operations with Itemize Read More »
According to recent research from the Institute of Finance and Management (IOFM), more than 75% of all annual invoices are still processed manually. Many businesses have implemented strategic initiatives to reduce costs and better manage discretionary spending. However, paper documents are still sent back and forth, and faxed and e-mailed documents still require manual handling. …
The True Cost of Manual AP and Three Reasons to Consider Cloud Read More »
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.
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