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Users have found Itemize to be a valuable tool for streamlining accounting and receipt tracking. The software accurately uploads and …
Overview
What is Itemize?
Itemize is an AI-powered document automation software designed to streamline the processing of financial documents such as invoices, receipts, and tax documents. It is marketed as suitable for businesses of all sizes, ranging from small enterprises to large corporations. According to the vendor, Itemize...
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- Tech Details
What is Itemize?
Itemize is an AI-powered document automation software designed to streamline the processing of financial documents such as invoices, receipts, and tax documents. It is marketed as suitable for businesses of all sizes, ranging from small enterprises to large corporations. According to the vendor, Itemize is used by professionals in financial control, accounts payable and receivable, tax, and general ledger accounting across various industries.
Key Features
Intelligent Receipt API: According to the vendor, Itemize offers an Intelligent Receipt API that converts various types of receipt documents into rich data sets for financial applications. It utilizes computer vision and AI to extract data from receipt images, PDFs, emails, and text files in any layout. The API is said to cross-check financial information and support compliance and policy controls.
Intelligent AP Automation Portal: Itemize provides an Intelligent AP Automation Portal that is intended to automate and streamline the management and payment of invoices. According to the vendor, it aims to reduce the risk of fraud and payment errors, improve compliance, and provide insights into spending patterns and operational performance through predefined reports, dashboards, and KPIs.
Intelligent Fuel Capture API: According to the vendor, Itemize's Intelligent Fuel Capture API is designed to convert fuel data from receipts into rich data sets for financial applications. It is claimed to be capable of reading fuel receipt images, PDFs, emails, and text files in any layout, capturing essential information such as fuel type, quantity, retailer name, price, and date. The API is said to enable real-time document processing without manual training.
Workflow Processing Portal: Itemize offers a browser-based Workflow Processing Portal that allows users to efficiently manage and process documents. According to the vendor, it provides features such as reviewing individual documents, running reconciliations, coding documents and line items, and exporting data to ERP and accounting systems. The portal is intended to provide visibility into document throughput, results, and performance for optimization.
API Dashboard: Itemize's API Dashboard is claimed to provide full visibility into the health of document throughput. According to the vendor, users can monitor results by client, region, and document type, allowing them to track performance and identify areas for improvement. The dashboard is said to offer a user-friendly interface for easy monitoring and management of API performance.
Capture: According to the vendor, Itemize's AI-powered capture feature automatically extracts key fields from financial documents, eliminating the need for manual data entry. It is claimed to capture information such as receipt date, merchant details, order number, total amount, VAT breakdown, and more, aiming to improve transaction intelligence and streamline financial workflows.
Verify: Itemize's verify feature is said to instantly cross-check monetary values and metadata to ensure the accuracy and integrity of financial data. According to the vendor, it detects errors and inconsistencies, reducing the risk of financial errors and fraud and enhancing the reliability of captured information.
Analyze: Along with clean, normalized data, Itemize's platform is claimed to deliver advanced analytics and benchmarks that help financial teams make informed decisions. The analyze feature is said to provide insights into spending patterns, vendor performance, compliance metrics, and other key financial indicators, aiming to enable cost-saving opportunities, process optimization, and strategic decision-making.
API Integration: According to the vendor, Itemize offers simple and powerful API integration, allowing businesses to seamlessly exchange data between the platform and other systems such as ERP and accounting systems. It is said to provide flexibility and scalability to leverage Itemize's document automation capabilities within existing workflows.
Itemize Features
- Supported: Expense Tracking
- Supported: Billing & Invoicing
- Supported: Multi-Currency
- Supported: Approval Process Control
- Supported: Categorization/Grouping
- Supported: Mobile Receipt Upload
- Supported: Receipt Management
- Supported: Reimbursement Management
- Supported: Reporting & Statistics
- Supported: Spend Control
- Supported: Workflow Management
- Supported: Access Controls/Permissions
- Supported: Cash Management
- Supported: Data Import/Export
Itemize Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Web-Based, Mac, Windows, Linux, Android, iPhone, iPad |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Users have found Itemize to be a valuable tool for streamlining accounting and receipt tracking. The software accurately uploads and itemizes receipts, making it easy to keep track of expenses and analyze monthly spending. With its ability to aggregate documents and data from multiple sources, users have been able to transform and enhance their information, improving their financial management processes. Additionally, Itemize has been effective in managing digital leases, providing features such as animations and screen drag and drop that make lease management easier. Users have also praised the software for automating expense reporting, allowing them to easily organize tasks and close them within a timeline.
Itemize has been extensively used by accounting departments to save time on invoice processing, reducing the need for manual data entry. By storing every transaction in a personal folder and generating reports based on the stored data, Itemize has proven to be helpful in handling year-end taxes. The software has significantly cut down on work expense processes, preventing the loss of receipts and generating auto-generated reports that supervisors can easily approve. Users appreciate the ease of uploading receipts, although some have expressed a desire for a more user-friendly interface for tagging expenses and creating categories. Despite occasional glitches and data export issues, users still believe in the potential of Itemize due to its ability to quickly scan and classify receipts while providing accurate electronic records. Overall, Itemize has transformed the way businesses manage their expenses by providing efficient tools for expense tracking, analysis, and reporting.
Efficient Expense Tracking: Users have consistently praised Itemize for its convenience and efficiency in tracking deductible expenses. Many reviewers have stated that it is a valuable tool for both personal and business use, making the process of managing expenses quick and hassle-free.
Easy Receipt Organization: The ability to easily add scanned or photographed images of receipts has been highly praised by users, with many mentioning that it makes tracking costs effortless. Users appreciate being able to organize receipts from their phone and computer, finding it convenient during tax time and speeding up the return process.
Automated Data Extraction: Reviewers have highlighted Itemize's impressive ability to automatically extract and input relevant information from receipts and invoices. This feature eliminates the need for manual data entry, saving users time and reducing errors. Many users find this automation feature superior to other similar tools on the market.
Difficulties with Entry Amendments: Some users have expressed frustration with the difficulty of amending entries in Itemize, particularly when documents are not properly scanned. They have also voiced a desire to save captured photographs in a different folder for better organization.
Lack of Scalability: According to one user, Itemize is not suitable for large corporations due to its lack of scalability. This limitation may hinder the software's ability to effectively handle larger volumes of data and meet the needs of bigger organizations.
Unjustifiable Cost for Infrequent Use: The cost of Itemize has been deemed unjustifiable by some users who anticipate infrequent use post-COVID while working from home. These users feel that the price does not align with their usage frequency, making it less appealing as an investment option.
Users recommend Itemize for its versatility and suitability for both personal and workplace use. They have found that the software is effective in organizing and managing expenses, receipts, and invoices, making it a valuable tool for individuals as well as businesses.
Many reviewers appreciate the ease of use of Itemize. They find the interface intuitive and user-friendly, allowing them to quickly navigate through the features and functionalities without any complications. This makes it accessible to users of varying technical abilities.
Customers highly recommend Itemize for its accuracy in extracting data from receipts. They have found that the software is efficient in automatically capturing and digitizing information from paper documents, minimizing manual data entry and saving time. This accuracy in data extraction enhances productivity and reduces errors in expense tracking and reporting.