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

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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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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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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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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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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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

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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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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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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