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Bottom line under pressure?

5 Ways to achieve immediate
cost savings

50%

Headcount reduction across AP and expense teams

3-5%

Spend reduction, before you pay

6

Weeks to get up and running, without the need for IT resources

Leading your business through economic uncertainty

In an uncertain and unstable economy, finance leaders like you must have an immediate, intelligent, and effective response to the many issues facing businesses. A global pandemic, rising inflation, potential recession, company layoffs, and The Great Resignation each put different pressures on CFOs. How you address these challenges can make the difference between success or failure in your business.

At AppZen, we are working with enterprise finance teams to quickly and easily help them transform their policies, processes, and people issues with our AI-first, start-to-finish, or “spend-to-pay,” platform.

We believe that the best way to manage these critical issues is to efficiently process your business spend via expenses, invoices, and cards. This gives you quick wins across 5 areas:

  1. Reduce your expenses
  2. Address headcount challenges
  3. Improve finance operations efficiency
  4. Optimize your current finance technology
  5. Leverage visibility for increased control

$975k

Dollars saved by an AppZen customer preventing duplicate payments

1. Reduce your expenses

To reduce your T&E spend, you need to verify every employee expense report, in order to find problem spend before reimbursement. You need to catch duplicate receipts, weekend or personal spend, wasteful behavior, over-the-limit expenses, and more. And you need to do it in a scalable way, consistently, and with unlimited memory.

AppZen’s AI-powered platform gives you the vision and strength to eliminate these common expense auditing problems before you ever pay a cent.

77%

Headcount reduction experienced by AppZen customer due to increased efficiency with autonomous invoice rocessing

2. Address headcount challenges

Many CFOs are experiencing a reduction in labor force due to a combination of The Great Resignation, mass layoffs, and an aging workforce, at the same time workloads are increasing for growing companies. Maintaining institutional knowledge of your policies and processes has become a major issue for these organizations.

When you implement an AI-first solution for your business spend, you guarantee accurate, autonomous processing of your invoices and auditing of your expense reports in a fraction of the time. AppZen’s AI is capable of making intelligent, confident decisions from start to finish without human intervention, reducing your reliance on human resources.

“quote

“Allows me to spend more time doing meaningful work...”

Accountant, Transportation Services Company

3. Improve finance operations efficiency

If you have been experiencing the same challenges for years with processing invoices and auditing expense reports, your legacy technology has failed you. It’s not living up to its promise to solve your problems. If you’ve ever been forced to add or outsource additional resources as your workload increases, you know that isn’t a viable solution, either. It’s time to turn your manual-centric finance team into a profit center.

With AppZen’s next-generation, artificial intelligence capabilities, you can handle your finance operations in a scalable way, making your current investment in your ERP/P2P systems even more valuable.

60%

Average autonomous GL coding achieved for AppZen customers

4. Optimize your finance technology

If you have been experiencing the same challenges processing invoices and auditing expense reports for years, your legacy technology has failed you. It’s not living up to its promise to solve your problems. If you’ve ever been forced to add or outsource additional resources as your workload increases, you know that isn’t a viable solution, either. It’s time to turn your manual-centric finance team into a profit center.

With AppZen’s next generation artificial intelligence capabilities, you can handle your finance operations in a scalable way, making your current investment in your ERP/P2P systems even more valuable.

“quote

“AppZen technology has brought us into the 21st century and allows us to change behaviors and expand across procurement processes.”

T&E Manager - Global 500 Banking Company

5. Leverage visibility for increased control

With next-generation finance operation technology, you can monitor, track, and report on details in your business spend that you would otherwise never be able to achieve. More data means a deeper understanding of your spend, allowing you to make better decisions and increase control. We help you keep your eye on what matters.

NEXT UP: Autonomous AP

Turbocharge your AP process