Autonomous AP
Finance AI for auditing expenses using unstructured receipt data
AppZen Expense Audit
Expense Audit is a purpose-built, AI-first platform for finance that audits expenses using unstructured receipt data.
It provides an advanced AI solution using computer vision, natural language processing, as well as contextual and content understanding, along with 30+ AI-powered audit models and 80+ expense checks. It delivers 10x the risk detection of other approaches and can automate processes based on AI decisions.
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Mature and proven AI trained on 100s of millions of transactions over 6 years
AppZen Expense Audit
Our AI has been repeatedly tested and proven, and was trained by auditor feedback across 100s of millions of expense transactions, from more than 1000 customers, over 6 years. Our customers realize rates of up to 95% or more autonomous approval of their expenses.
According to a TechValidate Survey, 80% of AppZen customers reported saving 2-10% of unauthorized expenses.
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Rein in foreign expenses with foreign language receipt verification
AppZen Expense Audit
Translate receipts written in over 40 languages into English and check them for unauthorized spend. Validating the compliance of Chinese fapiao receipts can also be automated.
Audit all spend across T&E, AP, and P-Cards, prior to payment
AppZen Expense Audit
Easily audit 100% of spend prior to payment, across not only T&E, but also AP and P-Cards. Expense Audit does this in-line as expense claims and invoices are submitted for processing.
These checks are based on matching images, unstructured data extracted from receipts and invoices, and electronic data from all ERPs and P-Card providers.
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AI model extension and customization
AppZen Expense Audit
Customers can easily extend and customize AI models to meet their unique compliance needs, in a low-/no-code environment.
Custom AI models that have been deployed are standardized as part of our Finance AppStore to benefit all customers. This reduces time-to-value, as well as the effort and cost to meet your complex compliance needs.
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Regulatory compliance checks for each transaction, prior to payment
AppZen Expense Audit
Expense Audit checks 100% of your transactions for regulatory compliance, prior to any payment.
Our AI models include industry- and country-specific compliance checks for all companies, such as HCP compliance for medical and life sciences, US FCPA compliance, UK Financial Sanctions Targets, or checks for government attendees.
Thousands of online and social media sources are used to detect suspicious merchants.
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Next-step automation based on accurate and confident AI predictions
AppZen Expense Audit
Our AI platform provides decision making for specific models, so any manual action that would have been taken upon detection of the risk can also be automated. For example, AI models look for personal expenses and automatically take the next step of emailing the employee regarding the upcoming payroll deduction, in order to recover the personal expense on a card.
AI-first automation maximizes speed, touchless processing, and policy consistency.
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Actionable analytics for unstructured expense data
AppZen Expense Audit
Front-line team managers are empowered with actionable compliance and risk dashboards, as well as email alerts, with information about their employees’ spending. This enables managers to collaborate with employees to change behavior at the source.
Included is a full-fledged analytics and visualization application that analyzes data derived from structured, unstructured, and AI model results. Finance auditors are empowered with both pre-built and flexible, ad-hoc executive dashboards to answer evolving business questions.
AppZen is the only expense AI provider that provides and analyzes productivity, spend, and risk benchmarks for specific industries so that you can shape your expense program.
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