AppZen, the world’s leading AI platform for modern finance teams, has expanded its platform to include the real-time audit of supplier invoices. By applying its award-winning AI-powered audit capabilities to invoices and contracts, AppZen can ingest and instantly read supplier agreements, such as contracts and MSAs as well as invoices submitted to accounts payable and other payable transactions. The platform extracts all key pieces of information around pricing terms and service requirements to make sure they are fully enforced upon the submission of an invoice to an accounts payable team. “The unfortunate thing is that once a contract is inked, finance teams do not have the bandwidth to ensure that the agreed-upon terms are being enforced,” says Anant Kale, CEO and co-founder at AppZen.
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