Dynamic integration using RPA & Finance AI makes it easier for customers to achieve autonomous finance operations
SAN JOSE, Calif., (Sept. 8, 2021) — AppZen, the leader in autonomous finance operations for modern finance teams, announced that AppZen Connector for UiPath is now available in the UiPath Marketplace, which is the largest library of robotic process automation (RPA) content.
Finance professionals often deal with complex workflows, such as invoice processing, which involve countless manual steps and thousands of hours to achieve business-critical tasks. Industry and internal surveys have shown that up to 70% of invoices are still processed manually, and are therefore prone to human error, non-compliance, wasteful spending, and other business risks.
With AppZen Connector for UiPath and UiPath software robots, supplier invoices received manually can now be autonomously processed, audited, approved, and created in target ERP systems for payment, with guaranteed accuracy and zero human intervention. AppZen Connector for UiPath was built through a partnership with digital technology service provider and UiPath Gold Path Partner, NITCO Inc. Together, AppZen, UiPath, and NITCO offer a complete solution to deploy and customize AP workflows for customers.
“The pandemic has accelerated the pace of digital transformation, requiring organizations to seek higher-level tech investments, like hyper-automation, to improve spend management,” said Anant Kale, CEO and co-founder of AppZen. “AppZen’s Autonomous AP is the only technology of its kind that enables entry of invoices, GL coding, PO matching, and compliance and audit of supplier invoices without any manual intervention, enabling true autonomous finance operations. With AppZen Connector for UiPath, we offer a complete, end-to-end solution to support integration with customers' ERP and P2P systems.”
With this integration, customers of both AppZen and UiPath can plug into an AP inbox, and extract structured and unstructured information from supplier invoices, with guaranteed accuracy, as part of a unified workflow. The AppZen Connector for UiPath takes invoice information processed by AppZen Autonomous AP and dynamically creates invoices in target ERP systems, such as SAP Ariba and Oracle, for payment processing using UiPath bots. This dramatically streamlines invoicing and payment, removing business risk, and allows finance professionals to focus efforts on more strategic areas of the business.
“The integration delivers value to our joint customers by increasing efficiency and productivity in invoicing and payment workflows, while leveraging existing RPA investments, all with minimal interruption,” said Dhruv Asher, Senior Vice President of Business Development and Product Alliances at UiPath. “Together, we empower our users to eliminate repeatable manual processes and improve overall spend management.”
AppZen is leading the way in autonomous finance operations by focusing directly on streamlining processes for finance professionals. In July, the company launched the AppZen AppStore, the first finance-focused marketplace that allows customers to customize their AppZen experience with Mastermind AI-powered apps.
“Our mission at AppZen is to empower finance teams to improve spend management through AI-powered autonomous finance operations,” said Randy Figueroa, head of Global Alliances for AppZen. “To make that happen, we partner with industry AI and RPA experts like UiPath and NITCO, who share our values and customer-centric approach to development. This application was built for customers who have already made investments in UiPath RPA.”
The application is available in the UiPath Marketplace. For more information on how AppZen’s Autonomous AP uses Mastermind AI to boost the speed, precision, and effectiveness of manual finance processes, visit https://www.appzen.com/modern-finance-products/autonomous-ap
AppZen is the leader in Finance AI software empowering autonomous finance operations for modern finance teams. Our patented Mastermind AI accurately and efficiently processes intelligence from thousands of data sources so that organizations can better understand internal spend and make smarter business decisions. It seamlessly integrates with existing Expense and AP workflows to read, understand, and make real-time decisions based on your unique spend policies, leading to faster processing times and fewer instances of fraud or duplicate spend. Global enterprises, including one-third of the Fortune 500, use AppZen’s Expense Audit and Autonomous AP products to replace manual finance processes and accelerate the speed and agility of their business. To learn more, visit us at www.appzen.com.
About NITCO Inc.
NITCO Inc., is a digital technology services company, headquartered in Katy, Texas. Its team of business analysts, developers, and engineers have expertise in Robotic Process Automation, Artificial Intelligence, Machine Learning, AI Chatbots, Intelligent Virtual Assistants, Cloud Services, App Development and Integration, Infrastructure designs, and implementations. The foundation of the leadership team is highly skilled technical expertise within diverse industries, a winning combination that keeps the team focused on client success throughout the digital transformation process.