AppZen
Click to visit website
About
AppZen is a leader in autonomous spend-to-pay software, utilizing patented AI to accurately and efficiently process information from thousands of data sources. This allows organizations to better understand enterprise spend at scale and make smarter business decisions. The AI seamlessly integrates with existing accounts payable, expense, and card workflows to read, understand, and make real-time decisions, leading to faster processing times and reduced fraud and wasteful spending. AppZen serves global enterprises, including one-third of the Fortune 500.
Platform
Features
• computer vision
• deep learning and natural language processing
• easily automate common expense policies
• analyze card spend directly from your bank
• extend your appzen solution into new use cases
• improve t&e spend, efficiency, and compliance
• generative ai for ap email
• ai-powered invoice automation
FAQs
How does AppZen’s AI Audit Solution work?
Leveraging patented AI technology, AppZen uses computer vision, deep learning, and natural language processing to automatically read and audit expense reports, receipts, invoices and contracts while cross-checking that information against hundreds of online data sources.
What are the benefits of using an application of artificial intelligence in the finance process?
With AI, Accounts Payable and T&E teams can detect fraud, compliance issues, and pricing violations within minutes of an expense report or invoice submission.
How is AppZen’s AI different from Robotic Process Automation (RPA)?
Robotic Process Automation (RPA) and AI are often used interchangeably, but mean completely different things. The key difference between RPA and AI is that AI learns over time - it can make sense of data and patterns to come to conclusions. In contrast, RPA systems require specific programming to achieve specific outcomes.
How does AI learn over time?
Data is one of the most crucial components in machine learning. Training an AI platform for modern finance teams is not an easy task. By continuously monitoring performance results in order to develop future models are some of the key steps in guiding AI-based platform.
Should I require receipts for every expense?
Not always. With the exception of lodging, we recommend considering a $75 threshold for receipts on entertainment, meals, gifts, and travel expenses. This is in accordance with current IRS guidelines, which requires receipts for any expense $75 or greater.
I already have a team that reviews expense reports. What’s the value in moving away from manual expense report reviews?
Manual expense report reviews are costly and tedious. With AI, you can streamline expense reviews and remove the burden of manual reviews from your auditing team while still catching all the instances of mistakes and misuse.
What is payment term enforcement and why does it matter in procurement?
Payment term enforcement refers to agreed upon terms (for example, Net 30, Net 60, Net 90) that appear on invoices you receive. In order to improve your bottom line, it is beneficial to negotiate longer payment terms.
What is FCPA?
When designed with a clear direction in mind, expense policies can strengthen your organization’s values and avoid unnecessary anxiety and mistrust.
How can I reduce spend in company expenses, invoices, and contracts?
Below are three key ways to reduce business spend: 1. Clearly define your travel and expense policy 2. Use AI to gain visibility into your expenses 3. Identify non-compliant or wasteful spend
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 financial relationships between physicians, hospitals, and drug companies.
How does AppZen’s AI recognize and read the attachments submitted with an expense report?
Using a combination of deep learning, machine learning, and semantic modeling, AppZen applies deep learning models to different types of documents (like hotel receipts or meal itineraries) to extract different components from each unique type.
Why is it important to track expense reports - is fraud that big of an issue?
Our data shows that 10% of expenses are high-risk, out-of-of-policy transactions. Those high-risk expenses represent 33% of the total dollar value of all expenses.
What is invoice fraud and what are the common types of schemes to look out for?
Invoice fraud can take a variety of forms, including phishing schemes, fraudsters posing as your CEO or a trusted vendor, or invoices from fictitious companies.
How do I create a T&E policy and what are the best practices?
A well-managed T&E program reflects a well-run compliance function and, ultimately, a well-run company. An efficient T&E management program can help the company save on its T&E spend, set clear expectations for employees, prevent fraud, and provide spend data that helps manage the business.
Job Opportunities
Senior Partner Manager, EMEA
AppZen uses AI to automate accounts payable and expense management, improving efficiency and reducing fraud.
Benefits:
Competitive compensation package consisting of base salary and commissions-based target incentive
Opportunity to work with world-class leadership in a fast-growing, successful startup company
Education Requirements:
Bachelor’s Degree
Experience Requirements:
3-5 years of experience in Partner Management, Business Development, and/or Channel Sales
Proven experience in achieving pipeline generation and revenue targets through partners
Strong domain expertise in finance, AP automation, and/or SaaS applications
Other Requirements:
Excellent communication, negotiation, problem solving, and relationship building skills
Willingness to travel as needed
Responsibilities:
Develop mutually beneficial and trusted relationships with new and existing partners in EMEA, including technology partners and systems integrators
Identify and recruit potential partners that fit AppZen’s overall Partnerships strategy
Develop and execute business plans and go-to-market strategies that drive revenue and pipeline generation from partners
Work with partners to generate pipeline according to company goals in order to achieve revenue targets
Co-selling with partners and serving as the primary point of contact with your partners to address their needs and concerns while also enabling both AppZen and our partners to close deals
Show more details
Senior Partner Manager, North America
AppZen uses AI to automate accounts payable and expense management, improving efficiency and reducing fraud.
Benefits:
Competitive compensation package consisting of base salary and commissions-based target incentive
Opportunity to work with world-class leadership in a fast-growing, successful startup company
Education Requirements:
Bachelor’s Degree
Experience Requirements:
3-5 years of experience in Partner Management, Business Development, and/or Channel Sales
Proven experience in achieving pipeline generation and revenue targets through partners
Strong domain expertise in finance, AP automation, and/or SaaS applications
Other Requirements:
Excellent communication, negotiation, problem solving, and relationship building skills
Willingness to travel as needed
Responsibilities:
Develop mutually beneficial and trusted relationships with new and existing partners in North America, including technology partners and systems integrators
Identify and recruit potential partners that fit AppZen’s overall Partnerships strategy
Develop and execute business plans and go-to-market strategies that drive revenue and pipeline generation from partners
Work with partners to generate pipeline according to company goals in order to achieve revenue targets
Co-selling with partners and serving as the primary point of contact with your partners to address their needs and concerns while also enabling both AppZen and our partners to close deals
Show more details
Enterprise Account Executive - London
AppZen uses AI to automate accounts payable and expense management, improving efficiency and reducing fraud.
Benefits:
Opportunity to work with world-class leadership in a fast-growing, successful startup company
Competitive compensation package consisting of base salary and commissions-based target incentive
Education Requirements:
Bachelor’s Degree
Experience Requirements:
5+ years of previous software EAE work experience or similar role
Experience selling to C-level executives, especially Finance
Proven track record of managing and selling into Fortune 1000 accounts
Proven experience meeting and exceeding sales quotas
Other Requirements:
Outstanding interpersonal, communication and presentation skills
Excellent negotiation and closing skills
Prior experience selling both direct and with resellers
Responsibilities:
Identify, generate and qualify sales opportunities and a maintain a pipeline of 3-4x quota
Discover and identify prospect needs and align with our products and solutions
Successfully present and demonstrate our products and solutions to C-level executives and stakeholders
Prepare and present professional, detailed proposals that support customer needs
Navigate complex decision-making processes and evaluations leveraging sales methodologies and process
Show more details
Ratings & Reviews
No ratings available yet. Be the first to rate this tool!
Alternatives
Proco
Proco is a SaaS ecosystem built for CFOs and finance teams. It acquires, enhances, and operates a collection of best-in-class SaaS tools that simplify and optimize financial operations.
View Details
Datarails
AI-powered FP&A platform for Excel users, automating data consolidation, reporting, and planning.
View Details
Aico
Aico is a financial close automation platform for enterprises, offering solutions for task management, reconciliation, intercompany processes, and ERP integration.
View Details
SimpliCapital
SimpliCapital simplifies finance operations with AI-powered solutions for receivables, payables, insights, and cash forecasts, offering real-time visibility and control over cash flow.
View Details
Lighthouz AI
Lighthouz AI automates AP and AR operations to improve cash flow and margins by bringing speed and accuracy to your AP and AR, while keeping costs down!
View DetailsFeatured Tools
Songmeaning
Songmeaning uses AI to reveal the stories and meanings behind song lyrics. It offers lyric translation and AI music generation.
View Details
Whisper Notes
Offline AI speech-to-text transcription app using Whisper AI. Supports 80+ languages, audio file import, and offers lifetime access with a one-time purchase. Available for iOS and macOS.
View Details
GitGab
Connects Github repos and local files to AI models (ChatGPT, Claude, Gemini) for coding tasks like implementing features, finding bugs, writing docs, and optimization.
View Details
nuptials.ai
nuptials.ai is an AI wedding planning partner, offering timeline planning, budget optimization, vendor matching, and a 24/7 planning assistant to help plan your perfect day.
View Details
Make-A-Craft
Make-A-Craft helps you discover craft ideas tailored to your child's age and interests, using materials you already have at home.
View DetailsPixelfox AI
Free online AI photo editor with comprehensive tools for image, face/body, and text. Features include background/object removal, upscaling, face swap, and AI image generation. No sign-up needed, unlimited use for free, fast results.
View Details
Smart Cookie Trivia
Smart Cookie Trivia is a platform offering a wide variety of trivia questions across numerous categories to help users play trivia, explore different topics, and expand their knowledge.
View Details