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 »
Automating accounts payable is a cost-effective, low-effort alternative to other digital transformation projects, but its benefits are both immediate and widespread. With all the advantages of automating AP, adopting this technology should be a no-brainer. But where do you begin? Whether you are just beginning your automation journey or looking to improve your existing AP …
How to Build a Business Case for AP Automation in Five Steps Read More »
Wholesale lockbox processors often struggle with manual data entry because it can be time-consuming and error-prone. In a lockbox operation, customers send payments (such as checks or electronic transfers) to a designated post office box. The lockbox processor then retrieves these payments and deposits them into the customer’s account. The lockbox processor needs to extract …
AI-Powered Financial Automation for Wholesale Lockbox Processors Read More »
What is Financial Document Automation AI-powered B2B financial document automation is the application of artificial intelligence and machine learning algorithms to automate and streamline the processing of financial documents. The technology is designed to reduce manual data entry, minimize errors, and improve accuracy and efficiency in processing financial documents such as invoices, purchase orders, receipts, …
Why B2B Financial Document Automation Critical for Transaction Processors and Banks Read More »
Currently, value-added tax (VAT) is used by over 160 countries worldwide, spanning from Latin America to Europe, Africa, and the Asia Pacific. But for accounting professionals, this rapid globalization comes with tax compliance obligations in multiple jurisdictions. Changes in governance and globalized business practices have drastically changed the way VAT is filed and processed. As …
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 »
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 …
Successful businesses require healthy cash flow, and if there’s a bottleneck, there are only two places it could be. Either payment needs to come in faster, or inefficient invoice management is straining the system. Often, the issue isn’t even over-purchasing, although duplicate payments and overspending are possible. The fact is that manual invoice processing is …
6 Steps to Invoice Approval Workflows (and How to Accelerate the Process) Read More »
With the shift from manual, in-person tasks to remote work and online tools, there has to be a better way to handle payments. But is AP automation software for small and mid-sized businesses the solution? Until recently, the cost of accounts payable software outweighed the potential savings for many organizations. As solutions have become more …
Is AP Automation Software Worth It for Your Business? Read More »
Between the myriad of daily tasks, it’s no secret that the month-end and year-end closing processes can be tedious and time-consuming tasks for AP professionals. This is particularly true when your company requires multiple levels of sign-off for each account. To ensure an efficient close process, most companies leverage detailed checklists/processes for the various tasks …
Improve Month-End and Year-End Close with AP Automation Read More »
Copyright © 2024 Itemize – All Rights Reserved