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Finance favors the bold
AppZen Inc. develops artificial intelligence solutions for back-office automation, including an automated solution for expense report compliance and audit.
It offers an enterprise-level, automated expense reporting & auditing product that reviews expense report data, crosschecks it with external sources & social media in real-time, and detects compliance issues & fraud. The company’s data science-based technology automatically detects accidental, as well as intentional fraud, and provides real-time compliance to IRS rules, FCPA regulations, and company policies.
The company follows subscription plans: Expense Audit: charges $3 per report Expense Automation +Audit: charges $9 per month(per employee)
Some of the clients are Comcast
AppZen’s patent pending, artificial intelligence based technology automatically creates expense reports, provides real-time compliance to regulatory requirements and company policies and automatically audits and assigns risk scores to every expense to detect fraud and misuse.
$175 M in 2018
$1M to $10M
SERIES A · $13 M · Nov 2017
SERIES B · $35 M · Oct 2018
SERIES C · $50 M · Sep 2019
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