ITEMIZE LAUNCHES WORLD’S FIRST RECEIPT DATA EXTRACTION PLATFORM WITH VAT CAPTURE
Itemize (www.itemize.com) announced the world’s first receipt data extraction solution to include full VAT tracking and reporting. This leap forward empowers the UK’s 4.5 million SMEs to simplify expense management and expedite VAT reimbursement. The product launch coincides with the UK Government’s Small Business Advice Week.
Itemize’s proprietary technology extracts data in under 15 seconds from both paper and digital receipts, including the VAT number, amount and merchant. Applying over a dozen enhancements to the data, the platform improves expense tracking and eases the pain and hassles of claiming and reporting VAT.
Jim Thomas, CEO and Founder of Itemize said: “UK SMEs are putting large amounts of time and money into managing expenses, specifically VAT tracking. Itemize’s platform streamlines this process, from instant capture of expense information to quick and easy data export. As many business people lose track of receipts or forget to claim them, Itemize’s accurate data extraction from a photo of a receipt will solve the problem of lost expenses.”
The Itemize app is available on both Google Play and iTunes. Itemize Pro is £4 per month or £40 for one year. Multi-user team memberships are also available. All paid memberships include unlimited receipt capture, intuitive reporting, data customization, easy exports in a wide variety of file formats and more. Users can also connect their email accounts, enabling Itemize to automatically extract and organize data from order confirmations and receipts sent via email. Itemize’s precision is unparalleled, extracting digital expense data with over 99% accuracy using its proprietary technology.
For more information about Itemize, images, case studies and demos of the platform please contact:
US: Jim Thomas at jthomas@itemizecorp.com
UK: David Parker at dparker@itemizecorp.com
US: Danielle Manello at dmanello@itemizecorp.com
By phone at +44.020.3290.8804
About Itemize:
Itemize is a receipt data extraction and management company. Built by payments industry veterans, Itemize’s solutions simplify expense capture, streamline reporting and expedite VAT reimbursement for small businesses. Its proprietary platform employs thousands of machine learning algorithms that transform receipts and invoices into data, achieving unprecedented extraction speed, accuracy and detail. For more information and a 30-day trial, visit itemize.com and join using promo code JOURNOUK.