Enterprises that use artificial intelligence to audit their expenses, invoices, and contracts reduce spend, comply with policy, and streamline process. This report shares findings based on aggregated, anonymized data from AppZen direct enterprise customers. The report has seven primary sections, including average audited spend, high-risk spend, spend-oriented regulatory violations, non-compliant spend, expense policy benchmarks, the spend audit process, and key takeaways for finance teams.
Except in areas in which comparisons are made, findings and benchmarks conveyed in this report are gleaned from organizations worldwide that are using AI to audit 100 percent of their spend. Conclusions are based on expense report, contract, and invoice audit data from billions of transactions across hundreds of enterprise customers from April 1, 2019, through June 30, 2019.