Travel & Expense, Finance AI, Did You Know?

Managing unseen duplicate spend in finance departments

In this segment of our “Did You Know?” series, we look at the issue of duplicate spend across both invoices and employee expenses. This ongoing...

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Travel & Expense, Did You Know?

Stop employee corporate credit card fraud in its tracks

In this segment of our “Did You Know?” series, we explore how AppZen’s Expense Audit enforces corporate credit card compliance and stops employee...

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Travel & Expense, Finance AI, Did You Know?

Personal expense or valid business spend? With AI, it’s black and white

In this segment of our “Did You Know?” series, we examine the blurred lines between personal and business expenses, and suggest tools and insights...

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Finance AI

Digital aspirations in Finance: what type of essential CFO do you want to be?

The world is becoming increasingly digital, and the finance department is no different. We’ve come a long way since the adding machines and...

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Travel & Expense, Did You Know?

Custom dashboards provide answers to your critical T&E challenges

In this edition of our “Did You Know?” series, we explore the custom dashboard capabilities of Expense Audit and how it helps you discover new...

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Compliance, Travel & Expense, Finance AI, Did You Know?

Worried about Sunshine Act compliance? Here’s a simple reporting solution

In this edition of our “Did You Know?” series, we look at simplifying HCP/One Payment compliance to meet the requirements of the Sunshine Act. This...

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Compliance, Travel & Expense, Finance AI, Did You Know?

Are your corporate expense policies getting lost in translation?

In this edition of our “Did You Know?” series, we look at how finance teams can verify foreign language expense receipts. This ongoing series...

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Compliance, Travel & Expense, Finance AI, Did You Know?

The 3Ps of expense compliance verification: Pervasive, preventive and prepayment

In this edition of our “Did You Know?” series, we look at the limitations of existing compliance verification and how to transform it into a...

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Compliance, Travel & Expense, Finance AI, Did You Know?

Your expenses never stop changing. Neither should your expense analytics.

In this edition of our “Did You Know?” series, we look at on-demand expense analytics and how management dashboards can help you take a more...

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Travel & Expense, Finance AI, Did You Know?

The top 3 expense audit analytics tools you can’t live without

In this edition of our “Did You Know?” series, we look at the use of self-service reporting and analytics within the finance department. This ongoing...

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Travel & Expense, Finance AI, Did You Know?

From Powerpoint to Pedicures: Controlling suspicious spend in a remote working world

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

You can’t manage what you can’t measure: Getting a 360-degree view of spend data

Our ongoing series “Did you know” highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

3 excellent reasons to benchmark your company spend against industry peers

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

World-class customer support to transform your expense operations

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Compliance, Travel & Expense, Finance AI, Did You Know?

3 Reasons to use AI to automate financial compliance

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

Are repeat offenders staying under your expense audit radar?

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Finance AI

The Autonomous Index: A framework for CFOs moving from automation to autonomy

Imagine a self-driving car asking the driver at every intersection which way it should go or whether the road is clear. This is not very useful...and...

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Finance AI

Finding the Right Focus - Finance Analytics to the Power of Ten

Charles and Ray Eames’ documentary, Powers of Ten, is one of the most famous short films ever made and illustrates beautifully the importance of...

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Travel & Expense, Did You Know?

How AppZen helps you stop duplicate spend

Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

Finance teams really can afford to audit 100% of corporate expenses prior to reimbursement

Welcome to our new series of blogs on expense auditing issues, trends, and automation best practices. Our ongoing “Did you know?” series highlights...

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Travel & Expense, Did You Know?

Verifying restaurant receipts requires more than meets the eye

Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI, Did You Know?

How to stop employee travel upgrades from downgrading your bottom line

Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen and how you can take advantage of our solutions’ capabilities....

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Travel & Expense, Did You Know?

Expense Audit receipt verification lets you know what is on every receipt

Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Compliance, Travel & Expense, Did You Know?

Out-of-policy doesn’t have to mean out of the company’s pocket

Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and...

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Travel & Expense, Finance AI

AI Automation for Your AP Inbox with SAP Ariba and AppZen

Accounts payable teams using SAP Ariba have been struggling with long cycle times and high-cost invoice processing for years. These teams find...

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Finance AI, Accounts Payable

The Benefits of Autonomous Invoice Processing for CFOs

Over the last 10+ years, very little has changed in the way we perform the accounts payable process. We have seen incremental improvements to invoice...

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Travel & Expense

AppZen Launches Innovative AppStore

AppZen AppStore - Customized AI Apps For All Your Expense Needs  AppZen has launched the first-ever Finance AI AppStore with apps that help customers...

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Travel & Expense

T&E | The Role of Habit in Expense Culture

Business travel is a series of habits In his bestselling book, “The Power of Habit”, Charles Duhigg explains how humans have evolved habits to save...

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Travel & Expense

Is Your Expense Management System Ready for Hybrid Workers?

T&E ramping back up  We keep hearing about companies preparing to return to some sort of normalcy. As vaccine programs continue apace and...

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Travel & Expense

Business Travel Strikes Back - Is Your Expense Team Ready?

When it comes to the question of business travel, it’s clear a series of changes are on the horizon, and it’s time to prepare for action. Executives...

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Finance AI

Pivotal transformation: From assisted driving to fully autonomous finance

Mauricio Peña, Chief Safety Officer for Waymo, one of the most well-known companies developing technology for driverless vehicles, recently wrote an...

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Travel & Expense

New T&E fees: Is your expense claim system ready?

As business travel resumes, added T&E fees are making a comeback. During the COVID-19 pandemic, airlines, hotels, and other travel-related services...

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Finance AI, Accounts Payable

Autonomous AP: How AI is transforming Accounts Payable for modern finance teams

AI has been transforming the worlds of driving, advertising, e-commerce, personal assistants, and customer service. Now, AI for Accounts Payable is...

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Accounts Payable

The 5 Myths of Invoice Automation for Modern Finance Leaders

Accounts payable teams have been struggling with long cycle times and high-cost invoice processing for years, and AP leaders are urgently seeking...

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Accounts Payable

Why Automate AP? The Cost of Manual Approvals in Accounts Payable

Processing of Accounts Payable Invoices In the finance department, the processing of accounts payable invoices is an interesting paradox.

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Travel & Expense

Jamie Dimon is fed up with Zoom calls | Finance Team Tools for Corporate Travel

Jamie Dimon, CEO of JPMorgan Chase, caused a stir last week when he said, “I’m about to cancel all my Zoom meetings. I’m done with it.” 

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Finance AI

Oracle Payables with AI-driven autonomous invoice processing automation

We recently held a webinar discussing how Oracle Payables customers can fully automate all invoices when combined with AppZen’s Finance AI. Watch the...

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Finance AI

Robotic Process Automation (RPA) and AI set to drive next-level modern finance

Robotic process automation is a very, very hot topic at the moment. RPA technology automates basic repetitive, typically manual, processes and...

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Travel & Expense

No, you can’t game your expense report with food products renamed as office supplies

Recently, Instagram posts went viral from a Toronto restaurant (@goodfortuneburger) that renamed its items as WFH expenses with the intention of...

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Finance AI

Balancing Cost Cutting with Innovation - The Future State of Finance Departments

CFOs are frequently asked to do more with less. But during the COVID-19 pandemic, this expectation has been more pronounced than ever. Many tout...

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Finance AI

The Self-driving Finance Department – Fact or Fiction?

In 2005, DARPA issued a challenge to the world to create a self-driving car. 

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Finance AI

CFO Survey: Five Surprising Facts About IT in Finance Departments

The past year was full of surprises. From the pandemic that none of us saw coming to a US election without precedent to a seismic move from...

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Finance AI

Using advanced AI to eliminate unnecessary employee spend

Managing employee expenses is a mundane and often error-prone task that is an expensive drain on financial resources. Unfortunately, spend management...

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news

Why Now, Why Always

“It takes a village to raise a child “ – African Proverb

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Finance AI

Custom expense policies demand automated, but flexible, AI enforcement

Your organization is unique — and so are your expense policies. Expense leaders worldwide spend hours crafting finely honed policies that detail...

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Travel & Expense

Employee Expense Policy | Company Culture | The New Normal

A documented corporate expense policy should remove confusion about what employees should submit for reimbursement. In the context of the current...

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Finance AI

Be like Becky! (with the help of the AppZen Certification program)

“I aced it,” quipped Becky, an AppZen Certified Professional, after she completed the technical learning path offered by AppZen University. “This...

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Finance AI

5 reasons you need a crisis to drive transformation

There’s a saying that a crisis is a terrible thing to waste. What it actually represents is an opportunity–and the space–for change that normally...

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Travel & Expense

7 ways to automate your unique corporate T&E policy with Mastermind

No two corporate T&E policies are exactly alike. AppZen Mastermind extends the power of AppZen Expense Audit to give enterprise finance teams the...

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news

Solidarity is good, but action is better

For far too long, racial injustices have prevented the advancement of minorities in all parts of our society. The Black community in this country...

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news

AppZen resources for finance teams during the COVID-19 crisis

We’ve created a number of resources to help in these uncertain times, and are collecting them here. We will continue to add to it in the coming weeks.

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Finance AI

5 ways to stop accounts payable leakage at scale with AI

The Accounts Payable (AP) team has several responsibilities; not only are they the gatekeeper of an organization’s precious funds, but they are also...

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news

3 ways the COVID-19 crisis has affected corporate travel and entertainment expense claims

Key takeaways:

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Travel & Expense

Expensing in a crisis, part 2: Companies rethink expense policies as COVID-19 disrupts office life

We hope our last blog helped your organization consider its response to the current global health crisis. As the situation surrounding COVID-19 has...

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Travel & Expense

Expensing in a crisis: Employees seeking reimbursement for COVID-19-related expenses

At AppZen, we help our customers process millions of finance transactions per month, giving us a uniquely detailed view into how companies worldwide...

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news

TripActions Liquid and AppZen just made life easier for road warriors and finance leaders

Underlying the power of AppZen’s spend auditing capabilities are the layers of our AI-driven platform, which audits 100% of spend, uncovers problems...

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Finance AI

9 business spend duplicates only AI can catch

What prevention methods does your company have in place to prevent duplicate spend? Most modern invoice automation systems can look out for two...

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Travel & Expense

No one likes approving expense reports — Here are 4 ways AI can help

Hate expense reports? You’re not alone. 

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Finance AI

Expand the scope of your finance transformation with the new AppZen Platform

The CFO Squeeze CFOs face never-ending pressure to cut costs, fund revenue growth, and maintain financial controls. And at the same time, they need...

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Compliance

Everything you need to know about VAT and expense reports

Value-added tax (VAT) is a somewhat familiar topic, yet very few people seem to know precisely what it is, or how to approach it in terms of employee...

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Travel & Expense

Should You Approve Work Related Expenses Without Receipts? | Appzen

Anyone who has ever submitted an expense report after a business trip knows how stressful it can be to scramble to find receipts for everything –...

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Travel & Expense

What is AppZen’s Compliance Index?

The AppZen Compliance Index (ACI) is one of the key attributes we use to identify and assign risk to an expense report. ACI is analogous to a FICO...

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Travel & Expense

What's the ideal turnaround time for expense report reimbursement?

Philosophies on the timing of employee expense report reimbursements diverge.

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Compliance

Sunshine Act compliance: All you need to know

What is the Sunshine Act? Its full name is actually The Physician Payments Sunshine Act (PPSA) and it was designed to boost transparency around the...

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Travel & Expense

'Tis the season for big spending

The holidays are right around the corner. Many of us have already started planning our holiday festivities, shopping, and celebrations. As these...

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Finance AI

The implications of AI: How we've integrated ethics into our culture and decision-making

In October 2017, I attended a technical talk where hundreds of people gathered to learn about the future of artificial intelligence. The panelists...

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Compliance

3 key takeaways from recent FCPA compliance actions 

Three new FCPA enforcement actions were recently resolved with the SEC, totaling over $20.3M in fines. Quad/Graphics, a Wisconsin-based printing and...

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news

AI Vanguard Awards: Waqas Aman, Airbus

van·guard /ˈvanˌɡärd/ noun: a group of people leading the way in new developments or ideas.

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Finance AI

What could be lurking in your expense reports? Here are the craziest things flagged by AI

Employees who are unfamiliar with your company T&E policy may accidentally submit an out-of-policy expense occasionally. While there are certainly...

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Accounts Payable

Don’t get caught off guard by expired contracts 

Contracts are key to mitigate risk, secure discounts, and acquire services. Your procurement teams work hard to negotiate contracts that enforce the...

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Travel & Expense

New Executive Dashboard puts AppZen’s benefits at your fingertips

Finance teams focus a lot of time and energy on day-to-day finance management, but they’re also expected to work towards long-term department goals...

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Finance AI

Where we go from here: 7 absolutely critical investments for building the AI platform for modern finance teams

Today we announced that we raised a $50 million series C round of funding, bringing our total investment to more than $100 million. We’re excited...

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Accounts Payable

We let AI loose on millions of invoices and contracts, and here’s what we found (part 3)

Welcome back to the third and final blog in our three-part series of (anonymized) backstories on the nine AP “gotchas” our AI flagged when reviewing...

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Finance AI

9 ways AI can improve your spend audit process

Is your finance team busy and overworked, but too hesitant to change their spend audit processes? As time-consuming and frustrating manual expense...

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Accounts Payable

We let AI loose on millions of invoices and contracts, and here’s what we found (part 2)

Welcome back to our second blog in this three-part series on nine AP “gotchas,” where we look at some of the more egregious errors, waste, and fraud...

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Accounts Payable

Five types of hidden invoice duplicates that only AI can find

According to the Institute of Finance & Management, only around 60 percent of organizations have fewer invoices duplicates than about one percent of...

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Accounts Payable

We let AI loose on millions of invoices and contracts, and here’s what we found

Even if you have a tight accounts payable process with a best-in-class invoice automation system, it’s impossible to catch all of the errors, waste,...

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Finance AI

7 ways AI can help you comply with policy and regulations

For a business, the consequences of non-compliance can be disastrous — including fines, lawsuits, and debarment. But it can be hard for busy finance...

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Finance AI

Why you need visibility into invoices (and how AI can help you get it)

We’ve covered how having visibility into employee expense reports helps organizations catch errors, waste, and fraud, and streamline process so that...

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Compliance

4 compliance lessons learned from recent FCPA enforcement actions 

Two companies recently resolved Foreign Corrupt Practices Act (FCPA) enforcement actions, agreeing to pay a combined total of $364 million to the...

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Finance AI

6 ways AI can help reduce business spend 

There’s a lot that can go wrong in the typical organization’s spend audit process. Manually auditing vendor invoices and employee expense reports is...

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Finance AI

4 reasons you need AI in your finance department

Does your finance team still manage your T&E with Excel? Process invoices manually? Randomly select 10% of your expense reports to audit?

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Compliance

From eco-damage, to defrauding NASA: Some of the craziest things that got companies debarred

Debarred companies lose the right to contract with the federal government, and are essentially blacklisted. Even if you don’t rely on doing business...

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Accounts Payable

3 purchase-to-pay challenges to solve this year

Technology is progressing at its highest rate ever. New software solutions are being released into the market every day. In contrast to the new...

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Finance AI

How AppZen applies self-driving car technology to reduce business spend

Computer vision is a widely growing field within artificial intelligence. Widely used applications include autonomous driving, social media face...

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Travel & Expense

Double dipping or honest mistake? Detect duplicate expenses before payment

Imagine you’re rummaging through your luggage and you find an old receipt from a previous business trip several months ago. What should you do? Try...

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Accounts Payable

Manage your contracts with confidence

How often do you review your signed business contracts? If you’re a procurement professional, it’s likely the last time you looked was when you...

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Accounts Payable

4 reasons the three-way match is no longer enough to prevent overpayments or fraud

The three-way match, which cross-references invoices, purchase orders, and receiving documents before issuing payments, has been considered the...

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news

What’s behind our new look? You.

You may have noticed that we updated our look and feel. We have a new logo, colors, and website. Yes, it’s a modernization of our brand, but there’s...

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Compliance

FCPA draws a fine line between corporate hospitality and bribery

As discussed in a previous blog post, the Foreign Corrupt Practices Act (FCPA) may classify normal business activities as bribes if they involve...

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Accounts Payable

Protect against supplier risk and PR nightmares with contract audit

Procurement teams work tirelessly to find the best suppliers, negotiate great prices, and snag solid discounts. It can be a surprise to discover that...

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Travel & Expense

Catch alcohol, tobacco, flight upgrades, and more with AI

Company travel and entertainment (T&E) policies are becoming increasingly flexible. While we highly recommend offering some leeway in your expense...

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Accounts Payable

Invoice Fraud and Anomalies are Hard to Detect — BUT Not for AI

Accounts payable (AP) departments at large enterprises pay thousands of invoices each month. It’s difficult for AP teams to keep track of every...

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Compliance

Google and Facebook victim of $100 million in accounts payable fraud: How it could have been prevented

By now you may have heard about Evaldas Rimasauskas, the Lithuanian man who pled guilty in March of this year to scamming Facebook and Google out of...

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Compliance

Recent FCPA enforcement action dishes up important compliance reminders

The U.S Department of Justice and Securities and Exchange Commission (SEC) recently announced a  Foreign Corrupt Practices Act (FCPA) enforcement...

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Accounts Payable

Verify the fulfillment of goods and services with AI

AppZen’s fulfillment verification check, a feature of our AP Audit and Contract audit, gives procurement and finance teams confidence that...

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Compliance

The foreign corrupt practices (FCPA compliance) law is much broader than its name suggests

To the extent most people have heard of the Foreign Corrupt Practices Act, it’s like the FCPA’s anti-bribery provisions which generally prohibit the...

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Travel & Expense

From excessive gratuities to egregious typos, receipt verification finds them all

Auditing expense reports requires auditors to closely examine each expense to verify if the correct receipts are attached, and make sure the receipt...

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Finance AI

Star Match: Going beyond the three-way match

If you’ve ever worked in purchasing, you’re likely familiar with the three-way match, which verifies the price and unit numbers across invoices,...

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Accounts Payable

Why payment term enforcement matters

Ideally, every supplier would like to be paid immediately upon receipt of goods, but we all know that can’t happen. Longer payment terms (for...

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Travel & Expense

Three expense policies you should consider revisiting

“Are you really going to reject that expense report because of that?” We ask our customers this question all the time — and guess what, they usually...

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news

We’ve expanded our spend audit platform to tackle invoices and contracts

Today we’re excited to announce that we’ve added AP Audit and Contract Audit solutions to our AI-powered platform to further empower modern finance...

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Finance AI

Training an AI platform: A product perspective

Traditional software development is fairly straightforward: The product team creates mock-ups and defines user flows, then engineering designs it and...

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Finance AI

Breaking the code: The women behind our AI

In the traditionally male-dominated engineering departments of Silicon Valley, AppZen’s R&D team is ahead of the curve. While only roughly 20% of...

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Finance AI

Dear CFOs: Your peers told us what kinds of AI they’re investing in, and how they value projects

As part of our customer discovery process, we conducted in-depth interviews with more than a dozen enterprise CFOs about the innovation projects...

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Finance AI

The future of AI: The jobs we want it to take

There’s a growing belief that artificial intelligence will take over the world one day. Although science fiction movies depict this as a real-life...

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Finance AI

Post-it notes, pet photos, and other silly “receipts” we’ve found

Imagine a scenario where you traveled for work and had an expensive dinner, but you lost your receipt. You want to get reimbursed for your meal, but...

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Travel & Expense

4 expenses you should look out for around valentine’s day

Valentine’s day can be a wonderful time of year — especially for the retail industry. According to consumer trend predictions, spending on...

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Travel & Expense

Why visibility into expense reports is so important

The average enterprise processes thousands of expense reports each quarter — large companies may process thousands daily. At the majority of these...

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news

We wanted to really understand our customers – here’s what we did

In our company all-hands meeting one Friday afternoon, our CEO Anant Kale spoke about the importance of customer centricity. He stressed that even...

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news

AppZen nabs gold for fastest growing company in 2018

We’re thrilled that we’ve been named a gold winner of the Fastest Growing Company of the Year — Small Category in Best in Biz Awards, the only...

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Finance AI

Dear CFOs: 3 reasons your peers use AI to audit spend

My team and I have spent a ton of time interviewing customers and digging into our sales data to understand better whom we serve and why finance...

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Finance AI

Out with the old, in with the new: How AI and automation are changing the financial close

It would be an understatement to say that businesses aren’t run the way they used to be.

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Compliance

When are normal business activities deemed “bribery”?

The Foreign Corrupt Practices Act (FCPA) was enacted in 1977 to prohibit US businesses and others subject to the law from bribing foreign officials...

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Travel & Expense

21 expenses that aren’t in your policy, but should be

I bet you have a solid expense policy for things like airfare, hotels, car rentals, and business meals. It probably has thoroughly-researched...

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Travel & Expense

Reimburse employees in hours, not weeks, with AI

Today’s expense reimbursement process takes far too long — the average enterprise takes at least two weeks to pay back their employees. This is...

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Travel & Expense

Analyzing data from 1,000 companies: 3 key ways to reduce spend

Enterprises spend millions – even billions – on business activities, yet their spend processes are outdated and inefficient. A huge source of leakage...

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Travel & Expense

Improve your company culture with expense report audits (really!)

When it comes to creating and sustaining a positive company culture, most organizations consider their core values, employee recognition, and company...

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Travel & Expense

Dear CFOs: AI spend audits will be the least sexy fiduciary imperative of 2019

There’s a smorgasbord of sexy artificial intelligence products on the market these days. AI-based spend auditing is not one of them. But, by God,...

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Travel & Expense

The most creative expense report stories of 2018

Black Friday and Cyber Monday, and all their related madness, are nearly upon us. What better time to reflect on a tremendous year for acts of...

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Travel & Expense

Why is there so little expense report misconduct in China?

Last month, we published a data-driven piece revealing which countries are home to the most expensive report misconduct. Several of the results were...

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news

AppZen raises $35 million to supercharge growth in enterprise AI platform for spend audits

Today we announced the closing of $35 million Series B financing led by Lightspeed Venture Partners. Existing Series A investor Redpoint Ventures and...

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Travel & Expense

Not in my back office: Which industries have the most expense report fraud?

According to new data published from AppZen’s Audit Insights platform, organizations in the professional services industry (including lawyers,...

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Travel & Expense

Which country has the most expense report fraud?

Employees in different countries behave very differently in accordance with company expense policies, according to new data released from the AppZen...

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Travel & Expense

AppZen data shows men commit the most expense fraud – even more than you may think

Men are the biggest offenders of expense report fraud by a wide margin, according to the latest AppZen proprietary data from our Expense Report Audit...

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Accounts Payable

3 common invoicing scams and how to avoid them

Invoicing and payments fraud can take a variety of forms: invoices from fictitious companies, invoices for products that were never delivered, for...

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news

AppZen shortlisted for AIConics "Best Innovation in Deep Learning" award

We’re honored to be on the shortlist for the AIConics Award for Best Innovation in Deep Learning! The AIConics awards celebrate the drive and...

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news

AppZen named Rising Star in Forbes Cloud 100 list

We’re excited to share that we’ve been named one of 20 Rising Stars as part of Forbes 2018 Cloud 100, the definitive list of the top 100 private...

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Accounts Payable

4 examples of invoice fraud from the last 10 years

Accounting departments often don’t have the time or resources to question the legitimacy of every bill that comes across their desks. Unscrupulous...

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Finance AI

Back to school special: AppZen AI 101

The AppZen artificial intelligence platform uses a combination of deep learning, machine learning, and semantic modeling to comprise our artificial...

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Travel & Expense

The average instance of employee fraud is bigger than you may think

Many back office professionals turn a willing blind eye to suspected expense report misconduct by employees. The cited rationale is that employees...

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Travel & Expense

Find money the AppZen way, with historical expense audits

Everyone wants to prevent occupational fraud in the future. Small incidents of misconduct today can be gateway drugs into larger, extremely-costly...

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news

AppZen wins Benzinga Award for best use of AI and machine learning

We’re fired up to share that AppZen has been named the Benzinga Fintech Award winner for best use of Artificial Intelligence (AI) and Machine...

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Compliance

FCPA compliance: What you need to know

What is the FCPA?

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news

AppZen partners with Coupa software to extend audit capabilities for Coupa customers

AppZen is a new partner in the expanding CoupaLink program, part of Coupa Software, a leading business spend management platform. CoupaLink allows...

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news

AppZen receives TiE50 award 2018, named one of the world’s top 50 technology startups

We’re extremely excited to announce that AppZen has been named one the world’s top 50 technology startups by receiving the prestigious TiE50 Award...

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Finance AI

What's the difference between RPA and AI?

Robotic Process Automation (RPA) and Artificial Intelligence (AI) are often used interchangeably. This bucketing is unfortunate, since they mean very...

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Travel & Expense

All too human: Expense report misconduct auditors miss

Say your human auditor was tasked with analyzing every single one of your expense reports. What would she do? She’d examine line items, and manually...

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Travel & Expense

The most notorious expense report scandals of the last 20 years

Expense reports seem a mundane fraction of reality; all we have to do is lay out work expenses, itemize and submit them, and get reimbursed. Yet for...

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Travel & Expense

How employees cheat employers on Valentine's Day

Falling in love can be wonderful. With our heads in the clouds, we sit back and ruminate on our blissful fortune—sometimes temporarily losing track...

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news

New funding from Redpoint to support AI in the enterprise

We have some exciting news to share: we’ve raised $13 million in a Series A round led by Redpoint Ventures and including Resolute Ventures, our lead...

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Compliance

Where to begin with GDPR compliance: The clock is ticking

Data is often a company’s most critical asset. Businesses globally are collecting increasing amounts of data on customers and partners so they can be...

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Travel & Expense

Corporate culture and ethical behavior: Leading by example

In our last post, we saw how tough it can be to differentiate between misconduct and genuine human error when it comes to corporate fraud. The key to...

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Travel & Expense

Who's to blame when accidental expense report fraud occurs?

Blame it on sticky fingers, late nights, or month end deadlines. Employee misconduct can sometimes just be an honest mistake. Yes, there are...

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Travel & Expense

Manager approval process for T&E: Useless or useful?

I once sat in an interview with a Manager who told us, step by step, his process to approve his team’s expense reports. His story went something like...

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Travel & Expense

Think your external auditors will sniff out fraud? Think again!

When a company uncovers internal fraud, their first question is ‘Why didn’t the auditor catch that?’ The simple answer, is that the purpose of an...

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Finance AI

Proactive fraud detection: The future is AI (Part 2)

An astonishing 37% of companies still rely on managing their T&E with paper and Excel. Many of these companies may not realize they’re relying on the...

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Travel & Expense

Proactive fraud detection: The future is AI

Your long awaited family camping trip comes around. You’ve just earned a weekend away from Excel after closing the month-end books. Only a handful of...

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Finance AI

Why AI needs to be part of your business transformation

Amazon’s much anticipated launch into supermarket retailing is set to open, with the first store in Seattle already available to Amazon employees....

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Compliance

How the FCPA can be harmful to your business

Mention the Foreign Corrupt Practices Act to an executive at Nortek Inc. and you may well hear the sigh of someone who feels they’ve dodged a bullet.

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Compliance

How to transform compliance with artificial intelligence

Recently, I had the honor of writing a guest post for Corporate Compliance Insights.

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Travel & Expense

How is your T&E management?

If you’ve spent much time at all in T&E management, you’ve probably read other articles and blog posts about employees passing off crazy expenses....

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Travel & Expense

Is your expense report audit effective?

Why do you need an effective expense report audit process?

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