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.
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™
“It is change, continuing change, inevitable change, that is the dominant factor in society today. No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will be” - Isaac Asimov
Artificial Intelligence for Business is Here Today
For years, we’ve lived with the expectation of artificial intelligence, brought forth by science fiction movies and books - of a world where we can live at leisure, our every whim being met by machinery. In terms of robot development there is still much to do to achieve this existence – but one area where artificial intelligence has achieved bigger strides than most people realize is the area of big data, and the ability of machine intelligence to process large amounts of information to streamline and manage the business environment in which we work.
A.I. Companies You Need to Know
The Harvard Business Review (HBR) recently published an article “The Competitive Landscape for Machine Intelligence” where the authors, Shivon Zilis and James Cham, pulled together their list of the most important artificial intelligence companies, to demonstrate the depth and breadth of resources available in artificial intelligence software today. We were honored to be included in their report.
The most surprising thing for many in corporate management, when they begin to investigate artificial intelligence and big data, is the considerable number of options already available across a wide variety of business areas.
Meet New York Times best-selling author Martin Ford and have an opportunity to get a signed copy of his book, Rise of the Robots.
We're excited to be a sponsor of the upcoming AP & P2P Conference!
If you work with T&E processing or audit, please stop by booth #421 and say hi to our CEO Anant Kale and the rest of the AppZen team. We've got some great giveaways and would love to show you how our A.I. powered software audits expenses in real time.
click here for a hint on how we do it --> 2-minute video
APP2P: Oct 24-26 @ Caesars Palace, Las Vegas
Not in Vegas? Click the button below and we'll be in touch to arrange a personal demo
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.
The Rhode Island based buildings product manufacturer recently had to pay over half a million dollars to the government after uncovering violations of FCPA compliance relating to improper payments to Chinese officials. The investigation discovered that cash payments, meals, travel, and entertainment were provided by a Nortek subsidiary to officials to secure preferential treatment in their dealings within China.
Why does my business need to worry about the FCPA?
We're excited to announce that AppZen is an official Concur App Center Partner!
The wait is over -- your #1 feature request for AppZen is here!
Concur is a leading provider of T&E solutions and we know many of you are happy Concur customers. Starting today, all Concur customers are able to quickly and easily add AppZen's AI-powered automated expense audit & compliance technology seamlessly into their Concur T&E processes. The best part - there's no IT work required to add the power of artificial intelligence audit & compliance to Concur.
What does this mean for you? Our CEO/co-founder, Anant Kale, describes it best -
“At AppZen, we’re about saving enterprises time and money by automating back office functions with Artificial Intelligence. With this integration, Concur users can download the app and start using the AppZen audit tool immediately. With no IT integration required, clients can quickly start reducing expense processing costs and capturing significantly more fraud, allowing them to spend more time and resources on growing the business.”
Not sure you need automated audit & compliance? Check out this quick 2-minute video to see how our artificial intelligence works and is saving customers like Hitachi and Cantor Fitzgerald time & money over and above existing T&E processes and tools.
Want to learn more about how AppZen's automated audit & compliance technology can save Concur users money? How about a free trial?
Coming on the heels of our funding announcement last month, we’re pleased to let our customers – and soon-to-be customers – know that AppZen’s automated expense reporting and auditing tool is now integrated with NetSuite, one of the industry’s leading providers of cloud-based ERP / financial software suites. AppZen Expense Report Audit for NetSuite has achieved "Built For NetSuite" verification and is available to all NetSuite users via the SuiteApp store. (pro-tip: scroll to the bottom of this post for a free trial)
This means, if you are a NetSuite customer, there’s no IT integration required to get up and running with AppZen. NetSuite customers simply add our app, which can be found in the SuiteApp store here, and start using it right away. You'll instantly go from relying on manual audits to detect mistakes, fraud and compliance issues in employees’ expense reports, which is time-intensive, expensive and susceptible to human error, to using artificial intelligence to automate that process and reduce back office costs up to 80 percent. Still not sure how AppZen can help your business? Check out this 2-minute video and then hop back here to get your free trial.
With the new NetSuite integration, AppZen is now available to businesses of all sizes, incuding SMBs. Our launch of AppZen's Expense Report Audit for NetSuite highlights our commitment to helping all businesses by automating back office functions through artificial intelligence. More to come - stay tuned!
Want to learn more about saving time & money with AppZen & NetSuite? How about a free trial? Check it out -
One of the most common questions I get is, "so, what does AppZen do?"
My usual response is that we use artificial intelligence to reduce a company's T&E processing costs 80% and employee spend up to 5%. Not surprisingly, the typical response is, "yeah...but how do you actually do that? ...and do you have robots?"
I could say that we use artificial intelligence to automate the audit and compliance functions - allowing the T&E team to audit 100% of expenses in less time than they currently spend doing spot checks and relying on rules-based compliance. But wouldn't it be easier to just explain in a video?
Yes, it would. Check out the AppZen video below...and enjoy the robots!