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AppZen is the first artificial intelligence (AI) solution for back office automation. AppZen’s platform uses AI to automate expense report auditing and instantly detect compliance issues and fraud. AppZen’s patented AI combines computer vision, deep learning, and natural language processing to automatically read and understand expense reports, receipts, and travel documents and cross-check them with hundreds of data sources in real time to determine the accuracy and legitimacy of every expense. This enables companies to detect fraud and compliance issues in seconds.
"Error-prone and time-consuming, and most importantly, led to the creation of a team of clerical workers who were used to keying data rather than a team of analysts."
"AI could transform how managers review by highlighting specific red flags, explaining their significance, and providing clear action steps. That targeted guidance would be a game-changer."
"There was definitely a lot of what I would call ‘invisible spend’ in the T&E space. And it was really difficult to closely monitor."
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