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Thanida Claydon

Corp. Communications & Marketing
Joined July 2019
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AppZenAppZen was edited byThanida Claydon profile picture
Thanida Claydon
"Edit content language."
July 17, 2019 10:08 pm
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AppZen

AppZen delivers the world’s leading AI platform for modern finance teams. Starting with business spend, we optimize decisions for enterprises around the globe.

AppZen delivers AI platform for modern finance teams.

Article  (+5/-280 characters)

By integrating into a company’s expense automation system, we auditAudit every line item of an expense report in real time to spot compliance issues, waste, and potential fraud prior to reimbursement. We will run a set of “audit checks” (listed below) and bring attention to potential issues for the T&E auditors to further investigate.

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Audit 100% of your invoices instantly, prior to payment, to spot compliance issues, incorrect rates, and potential fraud.

...

By aggregating the data from the Expense Audit product, Insights provides a dynamic dashboard with key metrics around T&E spend behavior. These analytics help highlight common trends to better understand the root cause of compliance issues, waste, and potential fraud. Using Insights, finance departments and team managers can quickly identify the source of poor spend behavior and improve the efficiency of their back-office processes.

AppZenAppZen was edited byThanida Claydon profile picture
Thanida Claydon
July 17, 2019 9:55 pm
Topic thumbnail

AppZen

AppZen is a company that develops AI for generating expense report, and fraud detection.

AppZen delivers the world’s leading AI platform for modern finance teams. Starting with business spend, we optimize decisions for enterprises around the globe.

Article  (+1310/-1036 characters)

AppZen combines patented deep learning, computer vision, and semantic analysis with intelligence from thousands of online data sources to understand financial transactions in business context and make decisions before those transactions happen.

AppZen uses artificial intelligence to automate the auditing process of a company’s overall expenditure. AppZen was founded in 2012 and is based in San Jose, California, with an additional office in ChandlerTempe, Arizona, Arizona and Pune, Pune, IndiaIndia.

AppZen uses computer vision, deep learning, and natural language processing to automatically read and audit expense reports, receipts, invoices and contracts while cross-checking that information against online data sources.

Platform for AI-Powered Auditing
Data Understanding and Augmentation

With the ability to read over 40 languages, AppZen's AI makes sense of all the words on a receipt, invoice, contract, or travel document. All extracted receipt and document data is cross checked against internal policies and online data sources to spot discrepancies.

Behavior Analysis

An employees expense history and vendor track record is examined to spot duplicate spend transactions across systems and detect systemic bad behavior.

Risk Assessment

While all expense reports and invoices are audited, the system creates alerts only when high-risk violations are identified and are in need of addtional review.

Platform
Expense Audit

By integrating into a company’s expense automation system, we audit every line item of an expense report in real time to spot compliance issues, waste, and potential fraud prior to reimbursement. We will run a set of “audit checks” (listed below) and bring attention to potential issues for the T&E auditors to further investigate.

AP Audit

Audit 100% of your invoices instantly, prior to payment, to spot compliance issues, incorrect rates, and potential fraud.

Contract Audit

Continuously monitor supplier contracts terms with AI to enforce compliance across your AP process.

Insights

By aggregating the data from the Expense Audit product, Insights provides a dynamic dashboard with key metrics around T&E spend behavior. These analytics help highlight common trends to better understand the root cause of compliance issues, waste, and potential fraud. Using Insights, finance departments and team managers can quickly identify the source of poor spend behavior and improve the efficiency of their back-office processes.

Infobox
Blog
http://blog.appzen.com
Blog
https://www.appzen.com/blog/