Autonomous AP
Removing walls with Smart Invoice Approval Workflows
Imagine starting the day knowing your Accounts Payable Team won’t be wasting hours deciphering spreadsheets with complex approval layers, or chasing...
MoreWelcoming change: Keys to successful AI implementation in AP
Wende Burgess, Associate Partner at CCP Global, joined us at AppZen on Tour in Dallas to share her expert perspective on the critical change...
MoreTop 5 trends for AI-adopting finance leaders
How can Finance use AI to solve business challenges? CFOs and heads of Finance from industry-leading Fortune 500 companies, meeting at our annual...
MoreEmbracing the AI workforce: A framework for success
As Director of Customer Success at AppZen, I’ve had a lot of conversations with customers about a topic that's on everyone's minds, lately: how to...
MoreIntroducing AppZen Coach: AI-powered recommendations to optimize your company spend
The finance expert you never had to hire Regularly making effective expense policy changes and improvements to business processes require data to...
MoreHere’s why finance teams are training generative AI coworkers
Incorporating disrupter technologies like AI–especially generative AI–always involves a human element. At AppZen on Tour in Dallas, our customers...
MoreHype or ROI? AI’s impact on finance organizations
Not a day goes by that you don’t hear about artificial intelligence or generative AI and its effects on culture, society, and business. Building a...
MoreA finance leaders’ guide to assessing generative AI
Don't be the guinea pig. Finance leaders are always searching for solution providers who understand their pain points and can offer ways to improve...
MoreAn AI journey: The revolutionary role of Transformers in finance AI
Co-founder Kunal Verma explains the role of Transformers in developing generative AI and how they’ve contributed to AppZen’s success. Kunal...
MoreBiden’s Executive Order on AI and the EU AI Act: Business as usual?
When the Biden Administration released its Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence on...
MoreAI in your AP inbox? 6 important questions to ask
Is your AP inbox overwhelmed? Demand is growing for finance solutions that use artificial intelligence to handle the everyday manual tasks in...
MoreModeling good behavior: The 3 AI models Expense Audit customers love most
Compliance and spend reduction are critical to the success of any organization. From the most junior auditor to the CFO, each member of the finance...
MoreUpskilling, genAI, and our customers take center stage
Our customers actively partner with us to push the boundaries of what AI can do. At AppZen on Tour in Chicago, we continued the tradition of...
MoreCelebrating Ten Years of AI Innovation
Ten years of AI-first innovation At our recent AppZen On Tour event in Chicago, I had the chance to share a proud moment with our customers,...
MoreAccording to our survey, finance teams are overwhelmed by email. Could generative AI help?
Spending 7 hours a week on email? According to our survey, you’re not alone. In the fast-paced world of finance, efficiency is key. In June and July...
MoreGenerative AI meets AP processing: the efficiency of AppZen Inbox
At AppZen, we're always looking for ways to make your financial operations more efficient and effective. That’s why we're excited to introduce our...
MoreHow AI simplifies India’s e-invoice processing
The e-invoicing mandate for India is finally a reality. Businesses registered on the GST portal are now issuing e-invoices to their customers. This...
More5 ways to hit company savings goals with AI
As a finance manager, one of your primary responsibilities is to help your company reach its savings goals. Achieving these goals requires a...
MorePutting on your AI oxygen mask: automating GL code assignment for non-PO-backed invoices
Accurately assigning general ledger (GL) codes for invoices that are missing purchase orders (POs) is harder than climbing Mt. Everest while holding...
MoreEverything you need to know about VAT and expense reports
Although VAT is a common expense topic, few finance teams know precisely what it is or how to approach recovery for the maximum benefit. Here are the...
MoreAre 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...
MoreThe 3Ps of expense compliance verification: pervasive, preventive, 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...
MoreThink twice before submitting unauthorized expenses. Seniority and performance may not save you from being fired.
Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen and how you can take advantage of our solutions’ capabilities....
More6 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 as manual expense...
MoreFinance Tech Wars: A New Hope
For many, and certainly for me, the first Star Wars film ever released was a game changer. Star Wars: Episode IV introduced us to a world of new...
MoreWhen it comes to corporate expense audits, one size does not fit all
In this segment of our “Did You Know?” series, we look at why amount verification per expense type can help control excessive spend and policy...
MoreEmpowering Auditors to Act: Combining integrated case management with prepayment risk identification
In this segment of our “Did You Know?” series, we look at why integrated case management is such an essential part of making expense audit programs...
MoreManaging 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...
MoreStop 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...
MorePersonal 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...
MoreDigital 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...
MoreCustom 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...
MoreWorried 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...
MoreYour 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...
MoreThe 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...
MoreFrom 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...
MoreYou 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...
More3 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...
MoreWorld-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...
More3 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...
MoreAre 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...
MoreThe 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...
MoreFinding 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...
MoreHow 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...
MoreFinance 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...
MoreVerifying 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...
MoreExpense 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...
MoreOut-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...
MoreAI 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...
MoreThe 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...
MoreAppZen 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...
MoreT&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...
MoreIs 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...
MoreBusiness 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...
MorePivotal 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...
MoreNew 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...
MoreAutonomous 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...
MoreThe 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...
MoreWhy 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.
MoreJamie 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.”
MoreOracle 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...
MoreRobotic 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...
MoreNo, 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...
MoreBalancing 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...
MoreThe Self-driving Finance Department – Fact or Fiction?
In 2005, DARPA issued a challenge to the world to create a self-driving car.
MoreCFO 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...
MoreUsing 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...
MoreWhy Now, Why Always
“It takes a village to raise a child “ – African Proverb
MoreCustom 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...
MoreWhat's the ideal turnaround time for expense report reimbursement?
Philosophies on the timing of employee expense report reimbursements diverge.
MoreEmployee 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...
More5 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...
More7 ways to automate your unique T&E policies with AI
No two corporate T&E policies are exactly alike. AppZen Expense Audit uses artificial intelligence (AI) to give enterprise finance teams the power to...
MoreSolidarity 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...
More5 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...
More3 ways the COVID-19 crisis has affected corporate travel and entertainment expense claims
Key takeaways:
MoreExpensing 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...
MoreExpensing 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...
MoreTripActions 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...
More9 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...
MoreNo one likes approving expense reports — Here are 4 ways AI can help
Hate expense reports? You’re not alone.
MoreExpand 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...
MoreShould 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 –...
MoreWhat 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...
MoreSunshine 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...
More'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...
MoreThe 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...
More3 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...
MoreAI Vanguard Awards: Waqas Aman, Airbus
van·guard /ˈvanˌɡärd/ noun: a group of people leading the way in new developments or ideas.
MoreWhat 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...
MoreNew 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...
MoreWhere 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...
MoreFive 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...
More7 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...
MoreWhy 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...
More4 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...
More6 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...
More4 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?
MoreFrom 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...
More3 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...
MoreHow 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...
MoreDouble 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...
More4 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...
MoreWhat’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...
MoreFCPA 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...
MoreCatch 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...
MoreInvoice 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...
MoreGoogle 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...
MoreRecent 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...
MoreThe 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...
MoreFrom 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...
MoreStar 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,...
MoreWhy 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...
MoreThree 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...
MoreTraining 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...
MoreBreaking 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...
MoreDear 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...
MoreThe 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...
MorePost-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...
More4 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...
MoreWhy 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...
MoreWe 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...
MoreAppZen 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...
MoreDear 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...
MoreOut 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.
MoreWhen 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...
More21 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...
MoreReimburse 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...
MoreAnalyzing 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...
MoreImprove 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...
MoreDear 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,...
MoreThe 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...
MoreWhy 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...
MoreAppZen 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...
MoreNot 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,...
MoreWhich 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...
MoreAppZen 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...
More3 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...
MoreAppZen 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...
MoreAppZen 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...
More4 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...
MoreAppZen Finance AI 101
The AppZen artificial intelligence platform uses a combination of deep learning, machine learning, and semantic modeling to comprise our artificial...
MoreThe 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...
MoreFind 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...
MoreAppZen 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...
MoreAppZen 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...
MoreAppZen 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...
MoreWhat'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...
MoreAll 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...
MoreThe 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...
MoreHow 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...
MoreNew 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...
MoreWhere 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...
MoreCorporate 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...
MoreWho'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...
MoreManager 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...
MoreThink 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...
MoreProactive 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...
MoreProactive 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...
MoreWhy 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....
MoreHow 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.
MoreHow to transform compliance with artificial intelligence
Recently, I had the honor of writing a guest post for Corporate Compliance Insights.
MoreHow 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....
MoreIs your expense report audit effective?
Why do you need an effective expense report audit process?
More
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