New York City-Based Expense Management Firm Itemize Named 2019 Most Promising Tech Startup by CIO Review
NEW YORK, April 11, 2019 (Newswire.com) - Expense management SaaS provider Itemize has been named to the prestigious CIOReview list of “2019 100 Most Promising Tech Startups.” The recognition comes on the heels of numerous financial technology accolades from media and analysts over the past several months, as the expense management firm continues its strong pace of growth. The article can be viewed here: https://tech-startup.cioreview.com/vendor/2019/itemize
Priding itself on having unsurpassed accuracy in automating the data gathering and processing of expenses, the SaaS solution is proving to be a lifesaver to time-strapped small business executives, solopreneurs and frequent business travelers. The company states that while the downloadable app boasts a 99 percent recognition accuracy, the solution saves on average five hours a week per user by automating expenses – both in gathering disparate receipts and reporting them to accounts payable.
“The time savings is just incredible, and that is time that every member of the team could be investing in much more productive pursuits rather than gathering and entering manually a bunch of expenses,” Itemize CEO Jim Thomas says.
According to Thomas, many employees are reluctant to perform redundant and tedious tasks such as data entry. Because of this, financial departments are constantly trying to make these folks feel more connected and interested in doing them.
“The irony is that humans don’t do their jobs perfectly if they don’t like to do them. Simply put, Itemize eliminates that monotonous work and replaces it with technology that captures information on its own – whether it’s from accounts payable or expense documents,” he says.
Financial organizations can be equipped with a system that is more accurate, comprehensive, and faster. Also, using automated expense technology saves money. The exponential rate at which invoices are processed annually in the U.S. is alarming: over 90 billion dollars’ worth of money is used on employees typing in those invoices.
About Itemize
Save Time. Save Money. Itemize offers the perfect expense management and accounts payable solutions for businesses that value how employee time is invested. Itemize harnesses leading-edge Artificial Intelligence and Machine Learning to drive unsurpassed processing efficiency and accuracy for a range of innovative clients. More information can be accessed at www.Itemize.com.
Source: Itemize