scrutinize expense report
AppZen Uses AI to Scrutinize Expense Reports
A startup technology company, AppZen, has introduced new technology that is leveraging artificial intelligence to examine expense reports for signs of fraud. "We are an AI company and we've built a solution for back-office automation," AppZen CEO Anant Kale told me. "As part of that, our first focus area is back office expense processing, which is essentially how to find compliance issues within expenses. We are focusing on automating the research and reasoning that human auditors do today and putting it into machines." Kale noted that most companies don't really audit anywhere near all of their expense reports.