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Shaping the Future of Finance with Generative AI Learn More * Webinars * Blog * Careers * Sign In * Products Autonomous AP AI-powered invoice automation AppZen Inbox Generative AI for your AP email Expense Audit Improve T&E spend, efficiency, and compliance AppStore Extend your AppZen solution into new use cases Card Audit Analyze card spend directly from your bank Spend Audit Easily automate common expense policies Why AppZen? 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(23) * Accounts Payable (22) * Compliance (21) * Artificial Intelligence (15) WELCOMING CHANGE: KEYS TO SUCCESSFUL AI IMPLEMENTATION IN AP Wende Burgess, Associate Partner at CCP Global, joined us at AppZen on Tour in Dallas to share her expert perspective on the critical change management strategies finance leaders need when implementing AI for accounts payable teams, especially for complex global deployments. More TOP 5 TRENDS FOR AI-ADOPTING FINANCE LEADERS How can Finance use AI to solve business challenges? CFOs and heads of Finance from industry-leading Fortune 500 companies, meeting at our annual Customer Advisory Board events in Dallas and Frankfurt, discussed recent trends and advances in finance AI. Inspired by AppZen on Tour, they were eager... More EMBRACING THE AI WORKFORCE: A FRAMEWORK FOR SUCCESS As Director of Customer Success at AppZen, I’ve had a lot of conversations with customers about a topic that's on everyone's minds, lately: how to integrate AI into existing finance teams effectively. Here's a framework for successfully adopting AI into your finance organization. More EASILY AUTOMATE COMMON EXPENSE POLICIES Pre-built expense management apps for the most sophisticated finance AI. Enforce compliance requirements and tailor T&E workflows unique to your organization. FIND YOUR APP GET THE LATEST IN YOUR INBOX Subscribe to the AppZen blog and never miss a post! AppZen Blog Email Subscription MOST POPULAR Finance AIAccounts PayableArtificial Intelligence AI IN YOUR AP INBOX? 6 IMPORTANT QUESTIONS TO ASK More Expense Reports Audit & ComplianceComplianceFinance AI SUNSHINE ACT COMPLIANCE: ALL YOU NEED TO KNOW More Travel & Expense WHAT'S THE IDEAL TURNAROUND TIME FOR EXPENSE REPORT REIMBURSEMENT? More Travel & Expense NO, YOU CAN’T GAME YOUR EXPENSE REPORT WITH FOOD PRODUCTS RENAMED AS OFFICE SUPPLIES More INTRODUCING APPZEN COACH: AI-POWERED RECOMMENDATIONS TO OPTIMIZE YOUR COMPANY SPEND The finance expert you never had to hire Regularly making effective expense policy changes and improvements to business processes require data to... More HERE’S WHY FINANCE TEAMS ARE TRAINING GENERATIVE AI COWORKERS Incorporating disrupter technologies like AI–especially generative AI–always involves a human element. At AppZen on Tour in Dallas, our customers... More HYPE OR ROI? AI’S IMPACT ON FINANCE ORGANIZATIONS Not a day goes by that you don’t hear about artificial intelligence or generative AI and its effects on culture, society, and business. Building a... More A FINANCE LEADERS’ GUIDE TO ASSESSING GENERATIVE AI Don't be the guinea pig. Finance leaders are always searching for solution providers who understand their pain points and can offer ways to improve... More AN AI JOURNEY: THE REVOLUTIONARY ROLE OF TRANSFORMERS IN FINANCE AI Co-founder Kunal Verma explains the role of Transformers in developing generative AI and how they’ve contributed to AppZen’s success. Kunal... More BIDEN’S EXECUTIVE ORDER ON AI AND THE EU AI ACT: BUSINESS AS USUAL? When the Biden Administration released its Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence on... More AI IN YOUR AP INBOX? 6 IMPORTANT QUESTIONS TO ASK Is your AP inbox overwhelmed? Demand is growing for finance solutions that use artificial intelligence to handle the everyday manual tasks in... More MODELING GOOD BEHAVIOR: THE 3 AI MODELS EXPENSE AUDIT CUSTOMERS LOVE MOST Compliance and spend reduction are critical to the success of any organization. From the most junior auditor to the CFO, each member of the finance... More UPSKILLING, GENAI, AND OUR CUSTOMERS TAKE CENTER STAGE Our customers actively partner with us to push the boundaries of what AI can do. At AppZen on Tour in Chicago, we continued the tradition of... More CELEBRATING TEN YEARS OF AI INNOVATION Ten years of AI-first innovation At our recent AppZen On Tour event in Chicago, I had the chance to share a proud moment with our customers,... More ACCORDING TO OUR SURVEY, FINANCE TEAMS ARE OVERWHELMED BY EMAIL. COULD GENERATIVE AI HELP? Spending 7 hours a week on email? According to our survey, you’re not alone. In the fast-paced world of finance, efficiency is key. In June and July... More GENERATIVE AI MEETS AP PROCESSING: THE EFFICIENCY OF APPZEN INBOX At AppZen, we're always looking for ways to make your financial operations more efficient and effective. That’s why we're excited to introduce our... More HOW AI SIMPLIFIES INDIA’S E-INVOICE PROCESSING The e-invoicing mandate for India is finally a reality. Businesses registered on the GST portal are now issuing e-invoices to their customers. This... More 5 WAYS TO HIT COMPANY SAVINGS GOALS WITH AI As a finance manager, one of your primary responsibilities is to help your company reach its savings goals. Achieving these goals requires a... More PUTTING ON YOUR AI OXYGEN MASK: AUTOMATING GL CODE ASSIGNMENT FOR NON-PO-BACKED INVOICES Accurately assigning general ledger (GL) codes for invoices that are missing purchase orders (POs) is harder than climbing Mt. Everest while holding... More EVERYTHING YOU NEED TO KNOW ABOUT VAT AND EXPENSE REPORTS Although VAT is a common expense topic, few finance teams know precisely what it is or how to approach recovery for the maximum benefit. Here are the... More ARE YOUR CORPORATE EXPENSE POLICIES GETTING LOST IN TRANSLATION? In this edition of our “Did You Know?” series, we look at how finance teams can verify foreign language expense receipts. This ongoing series... More THE 3PS OF EXPENSE COMPLIANCE VERIFICATION: PERVASIVE, PREVENTIVE, PREPAYMENT In this edition of our “Did You Know?” series, we look at the limitations of existing compliance verification and how to transform it into a... More THINK TWICE BEFORE SUBMITTING UNAUTHORIZED EXPENSES. SENIORITY AND PERFORMANCE MAY NOT SAVE YOU FROM BEING FIRED. Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen and how you can take advantage of our solutions’ capabilities.... More 6 WAYS AI CAN IMPROVE YOUR SPEND AUDIT PROCESS Is your finance team busy and overworked, but too hesitant to change their spend audit processes? As time-consuming and frustrating as manual expense... More FINANCE TECH WARS: A NEW HOPE For many, and certainly for me, the first Star Wars film ever released was a game changer. Star Wars: Episode IV introduced us to a world of new... More WHEN IT COMES TO CORPORATE EXPENSE AUDITS, ONE SIZE DOES NOT FIT ALL In this segment of our “Did You Know?” series, we look at why amount verification per expense type can help control excessive spend and policy... More EMPOWERING AUDITORS TO ACT: COMBINING INTEGRATED CASE MANAGEMENT WITH PREPAYMENT RISK IDENTIFICATION In this segment of our “Did You Know?” series, we look at why integrated case management is such an essential part of making expense audit programs... More MANAGING UNSEEN DUPLICATE SPEND IN FINANCE DEPARTMENTS In this segment of our “Did You Know?” series, we look at the issue of duplicate spend across both invoices and employee expenses. This ongoing... More STOP EMPLOYEE CORPORATE CREDIT CARD FRAUD IN ITS TRACKS In this segment of our “Did You Know?” series, we explore how AppZen’s Expense Audit enforces corporate credit card compliance and stops employee... More PERSONAL EXPENSE OR VALID BUSINESS SPEND? WITH AI, IT’S BLACK AND WHITE In this segment of our “Did You Know?” series, we examine the blurred lines between personal and business expenses, and suggest tools and insights... More DIGITAL ASPIRATIONS IN FINANCE: WHAT TYPE OF ESSENTIAL CFO DO YOU WANT TO BE? The world is becoming increasingly digital, and the finance department is no different. We’ve come a long way since the adding machines and... More CUSTOM DASHBOARDS PROVIDE ANSWERS TO YOUR CRITICAL T&E CHALLENGES In this edition of our “Did You Know?” series, we explore the custom dashboard capabilities of Expense Audit and how it helps you discover new... More WORRIED ABOUT SUNSHINE ACT COMPLIANCE? HERE’S A SIMPLE REPORTING SOLUTION In this edition of our “Did You Know?” series, we look at simplifying HCP/One Payment compliance to meet the requirements of the Sunshine Act. This... More YOUR EXPENSES NEVER STOP CHANGING. NEITHER SHOULD YOUR EXPENSE ANALYTICS. In this edition of our “Did You Know?” series, we look at on-demand expense analytics and how management dashboards can help you take a more... More THE TOP 3 EXPENSE AUDIT ANALYTICS TOOLS YOU CAN’T LIVE WITHOUT In this edition of our “Did You Know?” series, we look at the use of self-service reporting and analytics within the finance department. This ongoing... More FROM POWERPOINT TO PEDICURES: CONTROLLING SUSPICIOUS SPEND IN A REMOTE WORKING WORLD Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More YOU CAN’T MANAGE WHAT YOU CAN’T MEASURE: GETTING A 360-DEGREE VIEW OF SPEND DATA Our ongoing series “Did you know” highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More 3 EXCELLENT REASONS TO BENCHMARK YOUR COMPANY SPEND AGAINST INDUSTRY PEERS Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More WORLD-CLASS CUSTOMER SUPPORT TO TRANSFORM YOUR EXPENSE OPERATIONS Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More 3 REASONS TO USE AI TO AUTOMATE FINANCIAL COMPLIANCE Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More ARE REPEAT OFFENDERS STAYING UNDER YOUR EXPENSE AUDIT RADAR? Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More THE AUTONOMOUS INDEX: A FRAMEWORK FOR CFOS MOVING FROM AUTOMATION TO AUTONOMY Imagine a self-driving car asking the driver at every intersection which way it should go or whether the road is clear. This is not very useful...and... More FINDING THE RIGHT FOCUS - FINANCE ANALYTICS TO THE POWER OF TEN Charles and Ray Eames’ documentary, Powers of Ten, is one of the most famous short films ever made and illustrates beautifully the importance of... More HOW APPZEN HELPS YOU STOP DUPLICATE SPEND Our ongoing “Did you know” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More FINANCE TEAMS REALLY CAN AFFORD TO AUDIT 100% OF CORPORATE EXPENSES PRIOR TO REIMBURSEMENT Welcome to our new series of blogs on expense auditing issues, trends, and automation best practices. Our ongoing “Did you know?” series highlights... More VERIFYING RESTAURANT RECEIPTS REQUIRES MORE THAN MEETS THE EYE Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More EXPENSE AUDIT RECEIPT VERIFICATION LETS YOU KNOW WHAT IS ON EVERY RECEIPT Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More OUT-OF-POLICY DOESN’T HAVE TO MEAN OUT OF THE COMPANY’S POCKET Our ongoing “Did you know?” series highlights the capabilities and benefits of AppZen Expense Audit, bringing you deeper into what makes it tick and... More AI AUTOMATION FOR YOUR AP INBOX WITH SAP ARIBA AND APPZEN Accounts payable teams using SAP Ariba have been struggling with long cycle times and high-cost invoice processing for years. These teams find... More THE BENEFITS OF AUTONOMOUS INVOICE PROCESSING FOR CFOS Over the last 10+ years, very little has changed in the way we perform the accounts payable process. We have seen incremental improvements to invoice... More APPZEN LAUNCHES INNOVATIVE APPSTORE AppZen AppStore - Customized AI Apps For All Your Expense Needs AppZen has launched the first-ever Finance AI AppStore with apps that help customers... More T&E | THE ROLE OF HABIT IN EXPENSE CULTURE Business travel is a series of habits In his bestselling book, “The Power of Habit”, Charles Duhigg explains how humans have evolved habits to save... More IS YOUR EXPENSE MANAGEMENT SYSTEM READY FOR HYBRID WORKERS? T&E ramping back up We keep hearing about companies preparing to return to some sort of normalcy. As vaccine programs continue apace and... More BUSINESS TRAVEL STRIKES BACK - IS YOUR EXPENSE TEAM READY? When it comes to the question of business travel, it’s clear a series of changes are on the horizon, and it’s time to prepare for action. Executives... More PIVOTAL TRANSFORMATION: FROM ASSISTED DRIVING TO FULLY AUTONOMOUS FINANCE Mauricio Peña, Chief Safety Officer for Waymo, one of the most well-known companies developing technology for driverless vehicles, recently wrote an... More NEW T&E FEES: IS YOUR EXPENSE CLAIM SYSTEM READY? As business travel resumes, added T&E fees are making a comeback. During the COVID-19 pandemic, airlines, hotels, and other travel-related services... More AUTONOMOUS AP: HOW AI IS TRANSFORMING ACCOUNTS PAYABLE FOR MODERN FINANCE TEAMS AI has been transforming the worlds of driving, advertising, e-commerce, personal assistants, and customer service. Now, AI for Accounts Payable is... More THE 5 MYTHS OF INVOICE AUTOMATION FOR MODERN FINANCE LEADERS Accounts payable teams have been struggling with long cycle times and high-cost invoice processing for years, and AP leaders are urgently seeking... More WHY AUTOMATE AP? THE COST OF MANUAL APPROVALS IN ACCOUNTS PAYABLE Processing of Accounts Payable Invoices In the finance department, the processing of accounts payable invoices is an interesting paradox. More JAMIE DIMON IS FED UP WITH ZOOM CALLS | FINANCE TEAM TOOLS FOR CORPORATE TRAVEL Jamie Dimon, CEO of JPMorgan Chase, caused a stir last week when he said, “I’m about to cancel all my Zoom meetings. I’m done with it.” More ORACLE PAYABLES WITH AI-DRIVEN AUTONOMOUS INVOICE PROCESSING AUTOMATION We recently held a webinar discussing how Oracle Payables customers can fully automate all invoices when combined with AppZen’s Finance AI. Watch the... More ROBOTIC PROCESS AUTOMATION (RPA) AND AI SET TO DRIVE NEXT-LEVEL MODERN FINANCE Robotic process automation is a very, very hot topic at the moment. RPA technology automates basic repetitive, typically manual, processes and... More NO, YOU CAN’T GAME YOUR EXPENSE REPORT WITH FOOD PRODUCTS RENAMED AS OFFICE SUPPLIES Recently, Instagram posts went viral from a Toronto restaurant (@goodfortuneburger) that renamed its items as WFH expenses with the intention of... More BALANCING COST CUTTING WITH INNOVATION - THE FUTURE STATE OF FINANCE DEPARTMENTS CFOs are frequently asked to do more with less. But during the COVID-19 pandemic, this expectation has been more pronounced than ever. Many tout... More THE SELF-DRIVING FINANCE DEPARTMENT – FACT OR FICTION? In 2005, DARPA issued a challenge to the world to create a self-driving car. More CFO SURVEY: FIVE SURPRISING FACTS ABOUT IT IN FINANCE DEPARTMENTS The past year was full of surprises. From the pandemic that none of us saw coming to a US election without precedent to a seismic move from... More USING ADVANCED AI TO ELIMINATE UNNECESSARY EMPLOYEE SPEND Managing employee expenses is a mundane and often error-prone task that is an expensive drain on financial resources. Unfortunately, spend management... More WHY NOW, WHY ALWAYS “It takes a village to raise a child “ – African Proverb More CUSTOM EXPENSE POLICIES DEMAND AUTOMATED, BUT FLEXIBLE, AI ENFORCEMENT Your organization is unique — and so are your expense policies. Expense leaders worldwide spend hours crafting finely honed policies that detail... More WHAT'S THE IDEAL TURNAROUND TIME FOR EXPENSE REPORT REIMBURSEMENT? Philosophies on the timing of employee expense report reimbursements diverge. More EMPLOYEE EXPENSE POLICY | COMPANY CULTURE | THE NEW NORMAL A documented corporate expense policy should remove confusion about what employees should submit for reimbursement. In the context of the current... More 5 REASONS YOU NEED A CRISIS TO DRIVE TRANSFORMATION There’s a saying that a crisis is a terrible thing to waste. What it actually represents is an opportunity–and the space–for change that normally... More 7 WAYS TO AUTOMATE YOUR UNIQUE T&E POLICIES WITH AI No two corporate T&E policies are exactly alike. AppZen Expense Audit uses artificial intelligence (AI) to give enterprise finance teams the power to... More SOLIDARITY IS GOOD, BUT ACTION IS BETTER For far too long, racial injustices have prevented the advancement of minorities in all parts of our society. The Black community in this country... More 5 WAYS TO STOP ACCOUNTS PAYABLE LEAKAGE AT SCALE WITH AI The Accounts Payable (AP) team has several responsibilities; not only are they the gatekeeper of an organization’s precious funds, but they are also... More 3 WAYS THE COVID-19 CRISIS HAS AFFECTED CORPORATE TRAVEL AND ENTERTAINMENT EXPENSE CLAIMS Key takeaways: More EXPENSING IN A CRISIS, PART 2: COMPANIES RETHINK EXPENSE POLICIES AS COVID-19 DISRUPTS OFFICE LIFE We hope our last blog helped your organization consider its response to the current global health crisis. As the situation surrounding COVID-19 has... More EXPENSING IN A CRISIS: EMPLOYEES SEEKING REIMBURSEMENT FOR COVID-19-RELATED EXPENSES At AppZen, we help our customers process millions of finance transactions per month, giving us a uniquely detailed view into how companies worldwide... More TRIPACTIONS LIQUID AND APPZEN JUST MADE LIFE EASIER FOR ROAD WARRIORS AND FINANCE LEADERS Underlying the power of AppZen’s spend auditing capabilities are the layers of our AI-driven platform, which audits 100% of spend, uncovers problems... More 9 BUSINESS SPEND DUPLICATES ONLY AI CAN CATCH What prevention methods does your company have in place to prevent duplicate spend? Most modern invoice automation systems can look out for two... More NO ONE LIKES APPROVING EXPENSE REPORTS — HERE ARE 4 WAYS AI CAN HELP Hate expense reports? You’re not alone. More EXPAND THE SCOPE OF YOUR FINANCE TRANSFORMATION WITH THE NEW APPZEN PLATFORM The CFO Squeeze CFOs face never-ending pressure to cut costs, fund revenue growth, and maintain financial controls. And at the same time, they need... More SHOULD YOU APPROVE WORK RELATED EXPENSES WITHOUT RECEIPTS? | APPZEN Anyone who has ever submitted an expense report after a business trip knows how stressful it can be to scramble to find receipts for everything –... More WHAT IS APPZEN’S COMPLIANCE INDEX? The AppZen Compliance Index (ACI) is one of the key attributes we use to identify and assign risk to an expense report. ACI is analogous to a FICO... More SUNSHINE ACT COMPLIANCE: ALL YOU NEED TO KNOW What is the Sunshine Act? Its full name is actually The Physician Payments Sunshine Act (PPSA) and it was designed to boost transparency around the... More 'TIS THE SEASON FOR BIG SPENDING The holidays are right around the corner. Many of us have already started planning our holiday festivities, shopping, and celebrations. As these... More THE IMPLICATIONS OF AI: HOW WE'VE INTEGRATED ETHICS INTO OUR CULTURE AND DECISION-MAKING In October 2017, I attended a technical talk where hundreds of people gathered to learn about the future of artificial intelligence. The panelists... More 3 KEY TAKEAWAYS FROM RECENT FCPA COMPLIANCE ACTIONS Three new FCPA enforcement actions were recently resolved with the SEC, totaling over $20.3M in fines. Quad/Graphics, a Wisconsin-based printing and... More AI VANGUARD AWARDS: WAQAS AMAN, AIRBUS van·guard /ˈvanˌɡärd/ noun: a group of people leading the way in new developments or ideas. More WHAT COULD BE LURKING IN YOUR EXPENSE REPORTS? HERE ARE THE CRAZIEST THINGS FLAGGED BY AI Employees who are unfamiliar with your company T&E policy may accidentally submit an out-of-policy expense occasionally. While there are certainly... More NEW EXECUTIVE DASHBOARD PUTS APPZEN’S BENEFITS AT YOUR FINGERTIPS Finance teams focus a lot of time and energy on day-to-day finance management, but they’re also expected to work towards long-term department goals... More WHERE WE GO FROM HERE: 7 ABSOLUTELY CRITICAL INVESTMENTS FOR BUILDING THE AI PLATFORM FOR MODERN FINANCE TEAMS Today we announced that we raised a $50 million series C round of funding, bringing our total investment to more than $100 million. We’re excited... More FIVE TYPES OF HIDDEN INVOICE DUPLICATES THAT ONLY AI CAN FIND According to the Institute of Finance & Management, only around 60 percent of organizations have fewer invoices duplicates than about one percent of... More 7 WAYS AI CAN HELP YOU COMPLY WITH POLICY AND REGULATIONS For a business, the consequences of non-compliance can be disastrous — including fines, lawsuits, and debarment. But it can be hard for busy finance... More WHY YOU NEED VISIBILITY INTO INVOICES (AND HOW AI CAN HELP YOU GET IT) We’ve covered how having visibility into employee expense reports helps organizations catch errors, waste, and fraud, and streamline process so that... More 4 COMPLIANCE LESSONS LEARNED FROM RECENT FCPA ENFORCEMENT ACTIONS Two companies recently resolved Foreign Corrupt Practices Act (FCPA) enforcement actions, agreeing to pay a combined total of $364 million to the... More 6 WAYS AI CAN HELP REDUCE BUSINESS SPEND There’s a lot that can go wrong in the typical organization’s spend audit process. Manually auditing vendor invoices and employee expense reports is... More 4 REASONS YOU NEED AI IN YOUR FINANCE DEPARTMENT Does your finance team still manage your T&E with Excel? Process invoices manually? Randomly select 10% of your expense reports to audit? More FROM ECO-DAMAGE, TO DEFRAUDING NASA: SOME OF THE CRAZIEST THINGS THAT GOT COMPANIES DEBARRED Debarred companies lose the right to contract with the federal government, and are essentially blacklisted. Even if you don’t rely on doing business... More 3 PURCHASE-TO-PAY CHALLENGES TO SOLVE THIS YEAR Technology is progressing at its highest rate ever. New software solutions are being released into the market every day. In contrast to the new... More HOW APPZEN APPLIES SELF-DRIVING CAR TECHNOLOGY TO REDUCE BUSINESS SPEND Computer vision is a widely growing field within artificial intelligence. Widely used applications include autonomous driving, social media face... More DOUBLE DIPPING OR HONEST MISTAKE? DETECT DUPLICATE EXPENSES BEFORE PAYMENT Imagine you’re rummaging through your luggage and you find an old receipt from a previous business trip several months ago. What should you do? Try... More 4 REASONS THE THREE-WAY MATCH IS NO LONGER ENOUGH TO PREVENT OVERPAYMENTS OR FRAUD The three-way match, which cross-references invoices, purchase orders, and receiving documents before issuing payments, has been considered the... More WHAT’S BEHIND OUR NEW LOOK? YOU. You may have noticed that we updated our look and feel. We have a new logo, colors, and website. Yes, it’s a modernization of our brand, but there’s... More FCPA DRAWS A FINE LINE BETWEEN CORPORATE HOSPITALITY AND BRIBERY As discussed in a previous blog post, the Foreign Corrupt Practices Act (FCPA) may classify normal business activities as bribes if they involve... More CATCH ALCOHOL, TOBACCO, FLIGHT UPGRADES, AND MORE WITH AI Company travel and entertainment (T&E) policies are becoming increasingly flexible. While we highly recommend offering some leeway in your expense... More INVOICE FRAUD AND ANOMALIES ARE HARD TO DETECT — BUT NOT FOR AI Accounts payable (AP) departments at large enterprises pay thousands of invoices each month. It’s difficult for AP teams to keep track of every... More GOOGLE AND FACEBOOK VICTIM OF $100 MILLION IN ACCOUNTS PAYABLE FRAUD: HOW IT COULD HAVE BEEN PREVENTED By now you may have heard about Evaldas Rimasauskas, the Lithuanian man who pled guilty in March of this year to scamming Facebook and Google out of... More RECENT FCPA ENFORCEMENT ACTION DISHES UP IMPORTANT COMPLIANCE REMINDERS The U.S Department of Justice and Securities and Exchange Commission (SEC) recently announced a Foreign Corrupt Practices Act (FCPA) enforcement... More THE FOREIGN CORRUPT PRACTICES (FCPA COMPLIANCE) LAW IS MUCH BROADER THAN ITS NAME SUGGESTS To the extent most people have heard of the Foreign Corrupt Practices Act, it’s like the FCPA’s anti-bribery provisions which generally prohibit the... More FROM EXCESSIVE GRATUITIES TO EGREGIOUS TYPOS, RECEIPT VERIFICATION FINDS THEM ALL Auditing expense reports requires auditors to closely examine each expense to verify if the correct receipts are attached, and make sure the receipt... More STAR MATCH: GOING BEYOND THE THREE-WAY MATCH If you’ve ever worked in purchasing, you’re likely familiar with the three-way match, which verifies the price and unit numbers across invoices,... More WHY PAYMENT TERM ENFORCEMENT MATTERS Ideally, every supplier would like to be paid immediately upon receipt of goods, but we all know that can’t happen. Longer payment terms (for... More THREE EXPENSE POLICIES YOU SHOULD CONSIDER REVISITING “Are you really going to reject that expense report because of that?” We ask our customers this question all the time — and guess what, they usually... More TRAINING AN AI PLATFORM: A PRODUCT PERSPECTIVE Traditional software development is fairly straightforward: The product team creates mock-ups and defines user flows, then engineering designs it and... More BREAKING THE CODE: THE WOMEN BEHIND OUR AI In the traditionally male-dominated engineering departments of Silicon Valley, AppZen’s R&D team is ahead of the curve. While only roughly 20% of... More DEAR CFOS: YOUR PEERS TOLD US WHAT KINDS OF AI THEY’RE INVESTING IN, AND HOW THEY VALUE PROJECTS As part of our customer discovery process, we conducted in-depth interviews with more than a dozen enterprise CFOs about the innovation projects... More THE FUTURE OF AI: THE JOBS WE WANT IT TO TAKE There’s a growing belief that artificial intelligence will take over the world one day. Although science fiction movies depict this as a real-life... More POST-IT NOTES, PET PHOTOS, AND OTHER SILLY “RECEIPTS” WE’VE FOUND Imagine a scenario where you traveled for work and had an expensive dinner, but you lost your receipt. You want to get reimbursed for your meal, but... More 4 EXPENSES YOU SHOULD LOOK OUT FOR AROUND VALENTINE’S DAY Valentine’s day can be a wonderful time of year — especially for the retail industry. According to consumer trend predictions, spending on... More WHY VISIBILITY INTO EXPENSE REPORTS IS SO IMPORTANT The average enterprise processes thousands of expense reports each quarter — large companies may process thousands daily. At the majority of these... More WE WANTED TO REALLY UNDERSTAND OUR CUSTOMERS – HERE’S WHAT WE DID In our company all-hands meeting one Friday afternoon, our CEO Anant Kale spoke about the importance of customer centricity. He stressed that even... More APPZEN NABS GOLD FOR FASTEST GROWING COMPANY IN 2018 We’re thrilled that we’ve been named a gold winner of the Fastest Growing Company of the Year — Small Category in Best in Biz Awards, the only... More DEAR CFOS: 3 REASONS YOUR PEERS USE AI TO AUDIT SPEND My team and I have spent a ton of time interviewing customers and digging into our sales data to understand better whom we serve and why finance... More OUT WITH THE OLD, IN WITH THE NEW: HOW AI AND AUTOMATION ARE CHANGING THE FINANCIAL CLOSE It would be an understatement to say that businesses aren’t run the way they used to be. More WHEN ARE NORMAL BUSINESS ACTIVITIES DEEMED “BRIBERY”? The Foreign Corrupt Practices Act (FCPA) was enacted in 1977 to prohibit US businesses and others subject to the law from bribing foreign officials... More 21 EXPENSES THAT AREN’T IN YOUR POLICY, BUT SHOULD BE I bet you have a solid expense policy for things like airfare, hotels, car rentals, and business meals. It probably has thoroughly-researched... More REIMBURSE EMPLOYEES IN HOURS, NOT WEEKS, WITH AI Today’s expense reimbursement process takes far too long — the average enterprise takes at least two weeks to pay back their employees. This is... More ANALYZING DATA FROM 1,000 COMPANIES: 3 KEY WAYS TO REDUCE SPEND Enterprises spend millions – even billions – on business activities, yet their spend processes are outdated and inefficient. A huge source of leakage... More IMPROVE YOUR COMPANY CULTURE WITH EXPENSE REPORT AUDITS (REALLY!) When it comes to creating and sustaining a positive company culture, most organizations consider their core values, employee recognition, and company... More DEAR CFOS: AI SPEND AUDITS WILL BE THE LEAST SEXY FIDUCIARY IMPERATIVE OF 2019 There’s a smorgasbord of sexy artificial intelligence products on the market these days. AI-based spend auditing is not one of them. But, by God,... More THE MOST CREATIVE EXPENSE REPORT STORIES OF 2018 Black Friday and Cyber Monday, and all their related madness, are nearly upon us. What better time to reflect on a tremendous year for acts of... More WHY IS THERE SO LITTLE EXPENSE REPORT MISCONDUCT IN CHINA? Last month, we published a data-driven piece revealing which countries are home to the most expensive report misconduct. Several of the results were... More APPZEN RAISES $35 MILLION TO SUPERCHARGE GROWTH IN ENTERPRISE AI PLATFORM FOR SPEND AUDITS Today we announced the closing of $35 million Series B financing led by Lightspeed Venture Partners. Existing Series A investor Redpoint Ventures and... More NOT IN MY BACK OFFICE: WHICH INDUSTRIES HAVE THE MOST EXPENSE REPORT FRAUD? According to new data published from AppZen’s Audit Insights platform, organizations in the professional services industry (including lawyers,... More WHICH COUNTRY HAS THE MOST EXPENSE REPORT FRAUD? Employees in different countries behave very differently in accordance with company expense policies, according to new data released from the AppZen... More APPZEN DATA SHOWS MEN COMMIT THE MOST EXPENSE FRAUD – EVEN MORE THAN YOU MAY THINK Men are the biggest offenders of expense report fraud by a wide margin, according to the latest AppZen proprietary data from our Expense Report Audit... More 3 COMMON INVOICING SCAMS AND HOW TO AVOID THEM Invoicing and payments fraud can take a variety of forms: invoices from fictitious companies, invoices for products that were never delivered, for... More APPZEN SHORTLISTED FOR AICONICS "BEST INNOVATION IN DEEP LEARNING" AWARD We’re honored to be on the shortlist for the AIConics Award for Best Innovation in Deep Learning! The AIConics awards celebrate the drive and... More APPZEN NAMED RISING STAR IN FORBES CLOUD 100 LIST We’re excited to share that we’ve been named one of 20 Rising Stars as part of Forbes 2018 Cloud 100, the definitive list of the top 100 private... More 4 EXAMPLES OF INVOICE FRAUD FROM THE LAST 10 YEARS Accounting departments often don’t have the time or resources to question the legitimacy of every bill that comes across their desks. Unscrupulous... More APPZEN FINANCE AI 101 The AppZen artificial intelligence platform uses a combination of deep learning, machine learning, and semantic modeling to comprise our artificial... More THE AVERAGE INSTANCE OF EMPLOYEE FRAUD IS BIGGER THAN YOU MAY THINK Many back office professionals turn a willing blind eye to suspected expense report misconduct by employees. The cited rationale is that employees... More FIND MONEY THE APPZEN WAY, WITH HISTORICAL EXPENSE AUDITS Everyone wants to prevent occupational fraud in the future. Small incidents of misconduct today can be gateway drugs into larger, extremely-costly... More APPZEN WINS BENZINGA AWARD FOR BEST USE OF AI AND MACHINE LEARNING We’re fired up to share that AppZen has been named the Benzinga Fintech Award winner for best use of Artificial Intelligence (AI) and Machine... More APPZEN PARTNERS WITH COUPA SOFTWARE TO EXTEND AUDIT CAPABILITIES FOR COUPA CUSTOMERS AppZen is a new partner in the expanding CoupaLink program, part of Coupa Software, a leading business spend management platform. CoupaLink allows... More APPZEN RECEIVES TIE50 AWARD 2018, NAMED ONE OF THE WORLD’S TOP 50 TECHNOLOGY STARTUPS We’re extremely excited to announce that AppZen has been named one the world’s top 50 technology startups by receiving the prestigious TiE50 Award... More WHAT'S THE DIFFERENCE BETWEEN RPA AND AI? Robotic Process Automation (RPA) and Artificial Intelligence (AI) are often used interchangeably. This bucketing is unfortunate, since they mean very... More ALL TOO HUMAN: EXPENSE REPORT MISCONDUCT AUDITORS MISS Say your human auditor was tasked with analyzing every single one of your expense reports. What would she do? She’d examine line items, and manually... More THE MOST NOTORIOUS EXPENSE REPORT SCANDALS OF THE LAST 20 YEARS Expense reports seem a mundane fraction of reality; all we have to do is lay out work expenses, itemize and submit them, and get reimbursed. Yet for... More HOW EMPLOYEES CHEAT EMPLOYERS ON VALENTINE'S DAY Falling in love can be wonderful. With our heads in the clouds, we sit back and ruminate on our blissful fortune—sometimes temporarily losing track... More NEW FUNDING FROM REDPOINT TO SUPPORT AI IN THE ENTERPRISE We have some exciting news to share: we’ve raised $13 million in a Series A round led by Redpoint Ventures and including Resolute Ventures, our lead... More WHERE TO BEGIN WITH GDPR COMPLIANCE: THE CLOCK IS TICKING Data is often a company’s most critical asset. Businesses globally are collecting increasing amounts of data on customers and partners so they can be... More CORPORATE CULTURE AND ETHICAL BEHAVIOR: LEADING BY EXAMPLE In our last post, we saw how tough it can be to differentiate between misconduct and genuine human error when it comes to corporate fraud. The key to... More WHO'S TO BLAME WHEN ACCIDENTAL EXPENSE REPORT FRAUD OCCURS? Blame it on sticky fingers, late nights, or month end deadlines. Employee misconduct can sometimes just be an honest mistake. Yes, there are... More MANAGER APPROVAL PROCESS FOR T&E: USELESS OR USEFUL? I once sat in an interview with a Manager who told us, step by step, his process to approve his team’s expense reports. His story went something like... More THINK YOUR EXTERNAL AUDITORS WILL SNIFF OUT FRAUD? THINK AGAIN! When a company uncovers internal fraud, their first question is ‘Why didn’t the auditor catch that?’ The simple answer, is that the purpose of an... More PROACTIVE FRAUD DETECTION: THE FUTURE IS AI (PART 2) An astonishing 37% of companies still rely on managing their T&E with paper and Excel. Many of these companies may not realize they’re relying on the... More PROACTIVE FRAUD DETECTION: THE FUTURE IS AI Your long awaited family camping trip comes around. You’ve just earned a weekend away from Excel after closing the month-end books. Only a handful of... More WHY AI NEEDS TO BE PART OF YOUR BUSINESS TRANSFORMATION Amazon’s much anticipated launch into supermarket retailing is set to open, with the first store in Seattle already available to Amazon employees.... More HOW THE FCPA CAN BE HARMFUL TO YOUR BUSINESS Mention the Foreign Corrupt Practices Act to an executive at Nortek Inc. and you may well hear the sigh of someone who feels they’ve dodged a bullet. More HOW TO TRANSFORM COMPLIANCE WITH ARTIFICIAL INTELLIGENCE Recently, I had the honor of writing a guest post for Corporate Compliance Insights. More HOW IS YOUR T&E MANAGEMENT? If you’ve spent much time at all in T&E management, you’ve probably read other articles and blog posts about employees passing off crazy expenses.... More IS YOUR EXPENSE REPORT AUDIT EFFECTIVE? Why do you need an effective expense report audit process? More Load more TIME IS MONEY. APPZEN SAVES YOU BOTH. Contact us to set up a demo of our platform with one of our friendly enterprise account executives. Schedule a Demo Questions? Contact Us San Jose 6201 America Center Drive Suite 300 San Jose, CA 95002 (408) 647-5253 contact@appzen.com Arizona 101 East Washington Street Floor 8 Phoenix, AZ 85004 India AppZen Labs India Pvt. 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