Company Research Report on AppZen Inc.
Company Overview
Company Name
AppZen Inc.
Mission
To help modern finance teams lead the way with artificial intelligence, powering organizations to greatness through advanced finance AI.
Founded
2012
Founders
- Anant Kale
- Kunal Verma
Key People
- Anant Kale: Co-Founder and CEO
- Kunal Verma: Co-Founder and CTO
- Gaurav Agrawal: CFO
- Leah R.B. Kahn: VP of Marketing
- John Narbaitz: COO
- David Shaw: CRO
- Matt Wright: SVP of Customer Success
- Yoona Wong: VP of People & Culture
Headquarters
- San Jose: 6201 America Center Drive, Suite 300, San Jose, CA 95002
Locations
- Arizona: 101 East Washington Street Floor 8, Phoenix, AZ 85004
- India: AppZen Labs India Pvt. Ltd, PV House, Damle Path, Off Law College Road, Pune 411004 MH, India
- United Kingdom: 20 Red Lion Street, London, WC1R 4PQ
Number of Employees
No information is available
Revenue
No information is available
Known For
Finance AI solutions that integrate with existing systems to automate and improve financial processes such as accounts payable, expense audits, and corporate card audits.
Products
Autonomous AP
- Description: AI-powered solution that digitizes and validates all invoice data, assigns account codes, matches to complex multi-line POs, and audits every invoice for compliance violations.
- Key Features:
- 100% guaranteed entry of every invoice in minutes
- GL code assignment and PO matching for every invoice
- Audits all invoices for compliance
AppZen Inbox
- Description: Generative AI for managing AP inbox emails
- Key Features:
- Reads, organizes, and writes accurate data for invoices
- Reduces processing time from days to hours
Expense Audit
- Description: Customizable AI solution for auditing travel and expense reports
- Key Features:
- Identifies alcohol brands, average meal costs, and translates foreign receipts
- Analyzes report lines for non-compliance and duplicates
- Provides customized policy checks and real-time reports
Card Audit
- Description: AI-based analysis for auditing corporate card transactions
- Key Features:
- Spot misleading merchant codes, fraud, and non-compliance
- Flags compliance violations of sanctions and regulations lists
- Cross-checks for duplicates across different systems
Spend Audit
- Description: AI solution that audits 100% of your spend
- Key Features:
- Uses AI to read receipt images, Level 3 card data, and invoice images
- Flags errors, waste, fraud, and non-compliant spend
Recent Developments
New Product Launches
- AppZen Inbox: Launched to revolutionize AP inbox management with generative AI.
New Features Added to Existing Products
- Autonomous AP: Achieved SAP Certified Integration with SAP NetWeaver®, providing interoperability with SAP® solutions.
Partnerships
- Emburse
- VAT IT
- Genpact
- Amadeus: Integration with Cytric Expense
- Oracle
- SAP Ariba
- SAP Concur
Customer Success Stories
- Georgetown University: Adopted AI solutions for their AP team.
- Flight Centre Canada: Enhanced spending monitoring and analytics.
- Heineken, Owens Corning, and Intuit: Leveraged AppZen for various audit and compliance needs.
Media Recognition and Awards
- Recognized by CPA Practice Advisor, InsideBIGDATA, Forbes, Benzinga, and HR.com.
- Multiple industry accolades from Spend Matters, Inc. Magazine, UK Fintech Awards, Great Place to Work, Fortune, and more.
Events and Webinars
- NetSuite SuiteWorld: September 9-12, 2024
- Gartner CFO & Finance Executive Conference: September 11-12, 2024
- SSON Shared Services Outsourcing Week: September 16-19, 2024
- Hackett 2024 European Best Practices Conference: October 9-10, 2024
- AppZen on Tour: Several locations including Chicago and London throughout 2024
Contact Information
- Email: contact@appzen.com
- Phone: (408) 647-5253
