Remove Accounts Payable Remove Auditing Remove B2B Remove Compliance
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FinTechs Raise Funding For Supplier Payments, Compliance Automation

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Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. Strike Graph , a compliance automation firm, has launched with a $3.9

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How Continuous Auditing Drives Corporate Spend Optimization

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Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

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 AppZen On The State Of Spend Auditing

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Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

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AppZen’s Expense Audit Tech Attracts $50M Round

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In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

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As Audits Loom, AP Automation Moves To Top Of Mind

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You could call accounts payable (AP) the last mile of payments in a way. In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. These are firms that have failed audits or are about to fail audits.

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AppZen Taps AI To Catch Invoice Payment, Contract Errors

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Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI). “The major takeaway from this data is not that employees in certain industries commit more fraud,” AppZen noted at the time. ”

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Tipalti Tames The Monster Ecosystem Of X-Border, AP Automation

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Israch said he’s observed increased adoption and momentum for AP (accounts payable) automation and cross-border needs — and not just at his own company. Tipalti launched the program with a few partners already queued up: B2B CFO, EVO Payments International and SD Mayer.