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AppZen Blog

Proactive Fraud Detection: The Future is Artificial Intelligence

March 28, 2017 / in Compliance, T&E Fraud / by Meena Chockalingam

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 errands are left between you and roasting s’mores at the campsite - just pick up a first aid kit and some batteries. You turn on the ignition and the 'check engine' light comes on. Gasp! There’s a sinking feeling in the pit of your stomach.

 

The timing is terrible. (Isn’t it always?) We’ve all been there. You may not have realized it, but a business expense management program is just like auto maintenance -- 

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Busted by a Robot: Using Artificial Intelligence to Sniff Out T&E Fraud

March 03, 2017 / in Events / by Jonathan Chizick

If you're involved in T&E, Concur Fusion is an event you won't want to miss!

Join AppZen at Fusion 2017, Concur's annual client conference offering a range of educational sessions on bringing innovation and value to business expense, invoice, and travel programs. 

 

This year we're excited to be both sponsoring and presenting at Fusion. Our CEO, Anant, will be leading a discussion on how new AI technologies are being used in T&E audit and enabling the real-time detection of fraud and compliance issues.


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AI & Enterprise: The Future of Smart Software

February 24, 2017 / in Events, AI / by Jonathan Chizick

Join industry leaders and innovators, like AppZen CEO Anant Kale, at SIlicon Valley Forum's Feb-28 conference in Palo Alto to learn about the impact AI is having on enterprise software - and what it means for your business.

 

Register here: AI and Enterprise: The Future of Smart Software

 

It promises to be an insightful day with a number of interesting discussions. Hope to see you there!

When: Tues Feb. 28, 2017
Where: SAP Silicon Valley, 3410 Hillview Avenue, Palo Alto, CA 94304 (map)

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Why AI Needs to be Part of Your Business Transformation

February 16, 2017 / in AI / by Jonathan Chizick

Amazon’s much anticipated launch into supermarket retailing is set to open, with the first store in Seattle already available to Amazon employees. Although its arrival has been expected, what is surprising many is the way in which Amazon is launching it.

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AppZen Awarded "Best AI Startup" by the AI Awards

February 09, 2017 / in AI, Awards / by Jonathan Chizick

We're thrilled to announce that the AI Awards has recognized AppZen as the "Best AI Startup" in the 2017 edition of their annual Global Achievement Awards for Artificial Intelligence!

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Think T&E fraud can’t happen in your company? So did Hendricks Power

February 04, 2017 / in AI, Fraud, Compliance, T&E Fraud / by Jonathan Chizick

Donnis Mizelle was a pillar of the local community in Avon, IN. As CEO of Hendricks Power, Donnis was in a high-profile position and was well known throughout the community, serving on several local boards and committees.

 

In August the illusion came to an end. Mizelle was convicted of embezzling over $500,000 from the company over a six-year period. He now faces up to 20 years imprisonment for his crimes.

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Former Oracle CFO Jeff Epstein Joins AppZen as Advisor

January 10, 2017 / in / by Anant Kale

We're thrilled to announce that Jeff Epstein, former CFO of Oracle, has joined AppZen's board of advisors! 

 

Jeff is currently an Operating Partner at Bessemer Venture Partners and brings more than 25 years of experience in senior financial and general management positions at leading enterprises, such as Oracle, Priceline, DoubleClick (sold to Google), and Kaiser Permanente.

 

We're very excited that Jeff understands the huge opportunity we're pursuing at AppZen and shares our vision for bringing A.I. to the enterprise. In his words -

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Preparing Your Business for 2017 -- the Year of A.I.

December 15, 2016 / in AI, Artificial Intelligence / by Jonathan Chizick

What an exciting year 2016 has been for Artificial Intelligence! AI was certainly one of the most highly discussed business topics. And all signs are pointing to an even bigger year for AI in 2017. The topic of artificial intelligence seems to be showing up in just about every "top business trends for 2017" list.

 

Some interesting data points we've seen recently -- 

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How Robotic Process Automation Can Take Your T&E Audit to the Next Level

December 04, 2016 / in Back Office Automation, AI / by Jonathan Chizick

Mention robots in relation to office automation and an image of an R2-D2 like creature delivering coffee or working the photocopy machine springs to mind. Although office robotics has yet to reach this level, there have been giant strides made recently to successfully use robotic technology to remove manual and repetitive tasks from business operations. One area that has seen great progress is in financial management, particularly T&E expense audit – an area of personal interest to AppZen.

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AppZen’s Vision for the Future Takes T&E Expense Audit to New Levels

November 29, 2016 / in expense report audit, AI / by Jonathan Chizick

Wading through expense receipts is not everyone’s idea of fun. Today's T&E expense audit typically consists of selecting a random sample of a small percentage of expenses and hoping to catch discrepancies days, weeks, or even months later. Thanks to artificial intelligence software like AppZen, the process of checking receipts and verifying the legitimacy of expenses can now happen in real-time.


To make the T&E expense audit process even better, we’re excited to announce ReceiptIQ™

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