appzen
AppZen, a leading AI solution for modern finance teams, has today announced the release of its enhanced AppZen Platform. For the first time, AppZen’s platform product customers can automate complex financial and compliance processes built on a variety of documents and systems that have historically been manual as they required deep domain knowledge and human decision making.
Source: AppZen
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With the AppZen Platform, customers can now automate use cases such as:
- Automatically comparing vendor invoices with shipping documents like Bills of Lading (shipper, consignee, carrier, load number, quantities (pieces, pallets, weights, temperature, etc.) to ensure accurate invoicing
- Reading credit card statements in place of receipts to identify expensed items and confirm that they are in policy, based on semantic understanding of the spend
- Automatically extracting data from contract documents and SOWs comparing it with financial statements and identifying risk when necessary
The AppZen Platform helps finance teams extend this percentage by automating more complex manual processes that require finance domain knowledge, human review and understanding of financial transactions and scanned documents and images. Visit AppZen at their company website for more information.
About AppZen
AppZen delivers the leading AI-driven platform for modern finance teams. The AppZen Platform is built on 7 years of learning from thousands of online sources, thousands of customers and billions of financial documents and transactions like invoices, contracts, expense and accounting data. Starting with business spend, we automate manual process, uncover problems and optimize decision making at scale for finance organizations around the globe, including one-third of the Fortune 500. The AppZen Platform combines patented computer vision, semantic analysis, and deep learning to understand financial transactions in business context and make decisions before those transactions happen. It is a must-have for CFOs and their teams to reduce spend, comply with policy and regulations, and streamline process.
Over 1,800 enterprises have standardized on AppZen, including four of the top five banks, four of the top ten media companies, four of the top ten pharmaceutical manufacturers, two of the top five aerospace companies, and six of the top ten software providers. You can follow AppZen on Twitter at @AppZen.