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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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How Advancements In AI Can Benefit Your Business

November 17, 2016 / in Back Office Automation, AI / by Anant Kale


In a recent guest post for Corporate Compliance Insights, I discussed some of the significant business benefits that are emerging from advancements in artificial intelligence and NLP (natural language processing) technologies.

 

The article, “Exploring the Upside of Evolving AI Business Solutions”, addresses the fact that one of the biggest paybacks of incorporating leading-edge AI platforms into the workplace comes in the form of improved governance, risk management, and compliance (GRC). With timely and informed decisions lying at the heart of effective GRC measures, many companies are turning to ultra-fast and highly targeted back-office technology to not only enhance their decision-making processes, but to reduce expenses and expand productivity at the same time.

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Why Artificial Intelligence is Part of Our Here and Now

November 10, 2016 / in AI, Artificial Intelligence / by Jonathan Chizick
“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.

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Artificial Intelligence and the Future of Corporate Finance

October 26, 2016 / in AI, Artificial Intelligence / by Jonathan Chizick

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.

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Meet AppZen in Las Vegas -- Oct 24-26

October 23, 2016 / in Events / by Jonathan Chizick

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
http://www.iofm.com/conference-fall/

 

Not in Vegas? Click the button below and we'll be in touch to arrange a personal demo

Request a Demo

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Managing Compliance Risk: How the FCPA can be harmful to your business

September 20, 2016 / in FCPA / by Jonathan Chizick

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?

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