Itemize named 2019 most promising tech start-up
Expense management SaaS provider Itemize has been named to the CIOReview list of ‘2019 100 Most Promising Tech Start-ups’. The recognition is the latest financial technology accolade from media and analysts over the past several months.
Priding itself on accurate automation of data gathering and processing of expenses, the SaaS solution is particularly valuable to time strapped small business executives, solopreneurs and frequent business travellers. The company states that, while the downloadable app boasts 99% 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.
Financial organisations can be equipped with a system that is more accurate, comprehensive, and faster. Also, using automated expense technology saves money. The company says that the exponential rate at which invoices are processed annually in the US is alarming: over US$90bn of resources is used on employees manually typing in invoices.