Infor tackles Expenses with Itemize

Infor has announced a new collaboration with Itemize Corp., an expense document data extraction provider headquartered in New York City. Paired with Infor’s travel and entertainment (T&E) expense management solution, the embedded solution can utilize cloud technology and artificial intelligence to automatically capture receipt data and transfer that data to Infor Expense Management.

“We are excited about the opportunity to partner with Infor Expense Management. As corporate employees ourselves before starting Itemize, we recognize the burden employees bear in manually tracking expenses and entering receipt data into systems,” said James Thomas, Founder and CEO of Itemize.

“We are pleased to support Infor in offering a solution to designed to help address this challenge. In addition, the Itemize solution can also help financial managers streamline the task of monitoring policy compliance via improved data quality. We are thrilled to be partnering with an industry leader in the expense management sector who can help enhance our platform.”

Infor Expense Management is designed to offer unique and insightful capabilities for spending control, reporting, and analysis. Customers can actively manage employee-initiated expenses while on the go, thanks to mobile capabilities and cloud deployment, which can help reduce those costs without impeding business. Infor Expense Management can help automate expense-related business processes with social collaboration tools, enforce policy compliance, cut administrative costs, and reduce the risk of accidental errors and intentional fraud.

 “We continue to drive value for Infor Expense Management customers with the incorporation of the Itemize functionality,” said Mark Corsetti, vice president and General Manager at Infor. He added, “this partnership can further improve the business traveler experience and help our users get reimbursed faster and with less manual effort. We believe Infor is now poised to enter a leadership position in the enterprise expense management market.”

Itemize extracts data from expense and payables documents using Artificial Intelligence in the cloud. Founded in 2012 by payments industry veterans, Itemize operates an extraction engines for receipts, hotel folios, and invoices.