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From reimbursements to booking trips, companies are turning to AI to streamline the process of heading out of town.

AI is revolutionizing expense fraud, making fake receipts cheap, convincing, and globally accessible. Data from AppZen shows AI-generated receipts surged from 0% to over 70% of detected fakes in just 14 months, representing substantial claimed expenses. These AI-fakes are often smaller in value and harder to catch, as traditional visual checks are now ineffective. Companies must adapt by combining various authenticity checks to combat this evolving threat.

Two studies, released by Emburse and AppZen in mid-2026, show AI-generated fake expense receipts have rapidly become the dominant form of expense fraud. Especially notable for practitioners in compliance, finance operations, and fraud detection tooling, this is a concrete, deployment-level impact story with well-sourced numbers.

Four in 10 U.S. employees have used artificial intelligence to generate a fake expense receipt, according to a survey released by expense management platform Emburse. That trend extends across the industry, according to global data from AppZen's enterprise platform cited by Accounting Today.

AI has become the No. 1 way to fake receipts for expense fraud, according to data from two recent studies, one from AP and expense management solutions provider AppZen (based on platform data) and the other from travel and expense solutions provider Emburse (based on survey data).

AppZen's new certification enables enterprises to deploy AI agents across the entire invoice lifecycle while maintaining SAP-compliant, clean, and scalable financial operations.

Newsmax's Craig Myers pushes back on the wave of AI anxiety, spotlighting industry leaders who see AI as an opportunity and driver of productivity. AppZen CTO and Co-founder Kunal Verma describes AI as an amplifier that multiplies the capabilities of skilled workers, advising his own teenage children to stay "very flexible" as the technology reshapes the job market.

As companies invest in artificial intelligence over headcount, AppZen co-founder Anant Kale explains why understanding business processes trumps technical expertise—and reveals the three critical skill areas that will keep workers valuable in an AI-driven economy.

TRN caught up with Anant Kale about the evolution of AppZen, its channel program, and the growing role partners play in helping organizations manage increasingly complex financial and operational data. Kale discusses how companies are moving beyond basic automation toward tools that surface insights, improve compliance, and provide greater visibility into spending.

Criminals are leveraging AI advances to transform the landscape of fraud, enabling bad actors to craft sophisticated schemes that are difficult to detect. Anant Kale, CEO of AppZen, explains the rise of AI fraud in back-office finance and the forms it might take, whether created by external parties or employees, and shares how AppZen's enterprise AI tools can detect fraud being committed by other AI entities.

In a world constantly evolving through technology, understanding how to leverage AI and automation is paramount for business leaders. Join Dr. Darren, our knowledgeable host, as he speaks with Anant, CEO and co-founder of AppZen, about the transformative potential of AI in organizations and the emerging dynamics of hybrid work models.

We are entering the age of Agentic Finance, where AI doesn't just tap you on the shoulder; it grabs the steering wheel. It reasons, it audits, and it probably has a better grasp of global tax compliance than any human currently sipping a latte. Anant Kale, Founder and CEO of AppZen, understands that 'close enough' is no longer an option for the ledger. He joined the podcast to discuss navigating this transition from 'Assisted' to 'Autonomous.'

AppZen's new AP Inbox Service Center deploys eight prebuilt AI agents to fully automate vendor email management and streamline accounts payable workflows.

AppZen has launched its AP Inbox Service Center, an agent-native solution that fully automates how accounts payable teams manage vendor emails. With the addition of eight prebuilt AI agents, AppZen Inbox is transformed into a structured service center where every incoming vendor email becomes a trackable and auditable request.

Autonomous finance platform company AppZen Inc. today launched AP Inbox Service Center, a new accounts payable service that deploys eight prebuilt artificial intelligence agents to automate how finance teams handle vendor email.

AppZen, the AI-native platform for autonomous finance, today announced the launch of its AP Inbox Service Center. This Agent-native AP inbox solution fully automates how AP teams manage vendor email. The launch adds prebuilt AI Agents to AppZen Inbox, transforming it into a structured service center where every inbound vendor email becomes a trackable, auditable request.

AppZen announced completion of a Workday Design Approved Integration for AppZen Expense Audit, bringing its AI-powered prepayment expense auditing directly into Workday Expenses workflows.

Anant Kale says AI in finance should be subject to continuous testing and strict rules.

AppZen expands prepayment controls for Workday Expenses customers with intelligent audits that detect AI-generated receipts and route risks for review

As enterprises increasingly adopt AI agents for finance operations, Nick Butrym has been selected to lead AppZen's global revenue organization across sales, pre-sales, and the partner ecosystem, with a focus on accelerating growth and expanding customer lifetime value.

The latest generation of finance teams is already overseeing the hybrid digital workforce, ensuring a blocked invoice doesn't shut down production any more than a missing part. Learn what that looks like in this article on AI, finance, and the rise of the “AI boss,” with Forbes' Paul J. Noble and Anant Kale, CEO of AppZen.

As AI agents take over execution, finance shifts from human-scaled work to system-level accountability—redefining how control, compliance, and scale actually function.

In this episode of AI Heroes & Headaches, host Vivienne Wei talks with Anant Kale, CEO of AppZen, an Artificial Intelligence platform for modern finance teams. Anant discusses how AI agents execute work autonomously, removing the bottlenecks in business processes created by unstructured data. He also reveals the strategic value of AI for the CFO in maximizing human potential, and how CFOs considering AI agents should run short pilot programs with use cases that have a rapid time to value.

CFOs are cutting operating costs by 50%, shifting from BPO to autonomous AI Agents

This conversation with AppZen CEO Anant Kale explores what the new reality looks like from inside hundreds of finance operations: how generative AI has changed the volume and character of expense fraud, what defensive AI can see in documents and behavior that humans generally cannot, and where the current limits of “AI vs. AI” still leave room for risk.

Should current bipartisan legislation pass, AppZen can help companies avoid penalties as definitions for fraud expand to account for the new role of artificial intelligence.

AppZen's finance AI is up in lights on the Nasdaq screen in Times Square, in the heart of New York City. From helping AP and audit teams every day to appearing on one of the world’s most visible stages, this is a proud milestone made possible by our customers, partners, and employees.

In this video, Kale explains how AppZen is transforming finance operations for CFOs and the outcomes businesses can expect—from efficiency gains to workforce reskilling—as AI reshapes the future of finance.

AppZen, the leading Agentic AI platform for finance teams, announced it raised $180 million in growth funding. This round was led by Riverwood Capital, one of the leading investment firms solely dedicated to technology growth and scalability.

AppZen, a FinTech company specialising in autonomous finance and AI-powered automation for global enterprises, has raised $180m in fresh funding.

California-based AppZen Inc., a leading agentic artificial intelligence platform for finance teams, today announced it raised $180 million in a Series D growth funding round led by Riverwood Capital to scale up the company’s autonomous finance software.

AppZen, a San Jose, CA-based provider of an agentic AI platform for finance teams, raised $180M in growth funding.

AppZen, an automated finance compliance tool for enterprises, has raised a $180 million growth round led by Riverwood Capital, co-founder and CEO Anant Kale tells Axios Pro.

AppZen, which has built an agentic AI platform for finance teams, has raised $180 million in a Series D round, the company told Crunchbase News.

The minority stake sale will support AppZen’s investments in agentic AI

New funding will support AppZen's innovative Mastermind AI Studio with AI Agents, and accelerate go-to-market growth globally

Software companies that audit expense reports are adding a new arsenal of capabilities to detect receipts that have been created using A.I. chatbots.

Partnership delivers localized go-to-market expertise across Asia-Pacific for AI agent-powered finance automation platform

Mastermind AI Automation Platform Transforms Finance Operations for Enterprise Companies with Comprehensive Solutions for AP, T&E, and Corporate Card Management

Finance Automation Leader Joins AWS Marketplace to Help Finance Teams Become Strategic Business Partners

AI Finance Automation Leader Teams Up with Global Autonomous Commerce Pioneer

Leading AI-powered Finance Automation Company Teams Up with Global Workday Services Partner Jul 27, 2023 AppZen Launches AppZen Inbox, Revolutionizes AP Inbox with Generative AI AppZen Inbox Streamlines Accounts Payable Workflow Starting from Incoming Vendor Emails, Reducing Processing Time from Days to Hours

Autonomous AP Delivers Industry-leading AI-powered Accounts Payable Automation and Compliance to Customers Through Interoperability With SAP® Solutions