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 Chandler, Arizona and Pune, India.
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.
An employees expense history and vendor track record is examined to spot duplicate spend transactions across systems and detect systemic bad behavior.
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.
Alberto Lopez Toledo
Chris Bollerud, MBA
Gilbert M. Duong
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- Artificial intelligence (AI)Artificial intelligence (AI) is intelligence exhibited by machines.
- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Cluster: Artificial intelligenceA cluster of topics related to artificial intelligence.