AppZen Joins SAP® PartnerEdge® Program “Build” Model; Announces Availability of AppZen Accounts Payable (AP) Audit for SAP Ariba Customers

AppZen AP Audit is now available for SAP Ariba customers. Starting with business spend, AppZen automates manual processes, uncovers problems, and optimizes decision making at scale for finance organizations around the globe

San Jose, Calf – March 31, 2020 — AppZen, the leading artificial intelligence (AI) driven platform for modern finance teams today announced that it has joined the SAP® PartnerEdge® program as a partner that designs, develops, and builds software using SAP platform technology. Through its participation in the program, AppZen was certified by SAP for its AI-powered platform integration with SAP Ariba to provide customers with the ability to audit supplier invoices and contracts, comply with policies (regulatory and corporate), streamline process, and reduce spend prior to payment disbursement. AppZen has launched its presence on SAP App Center (www.sapappcenter.com), where it will market its application. “We are proud to be part of the SAP PartnerEdge Build program and thrilled to extend our leading AI platform to SAP Ariba customers,” said Randy Figueroa, head of global partnerships for AppZen. “With AppZen, customers can now bullet-proof their AP and procurement processes with AI-powered invoice and contract auditing.” AppZen reviews 100 percent of invoices instantly, and prepayment, with AI to catch and eliminate errors, waste, fraud, and non-compliance, and take the first step to a touchless AP future. AppZen AP Audit allows customers to:

• Audit 100 percent, pre-payment - Automatically audit 100% of invoices before reimbursement with AI.
• Understand documents - Instantly scan every line of every invoice to understand charges and track the correct spend category.
• Enrich with intelligence - Check online sources to identify better prices for similar goods and services.
• Assess and refine risk - Flag suspicious addresses or billing changes to avoid fraud. Spot duplicate charges from other invoices, other invoice systems, or from expenses.
• Streamline process - Integrate into your existing AP automation system to audit every invoice in real-time to spot errors, waste, and fraud.

As an SAP partner in SAP PartnerEdge, AppZen is empowered to build, market, and sell software applications, and provide support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simplified framework under a single, global contract, including the ability to bundle licenses of SAP Cloud Platform with partner applications. About AppZen AppZen delivers the leading AI-driven platform for modern finance teams. The AppZen Platform is built on 7 years of learning from thousands of online sources, thousands of customers and billions of financial documents and transactions like invoices, contracts, expense and accounting data. Starting with business spend, we automate manual process, uncover problems and optimize decision making at scale for finance organizations around the globe, including one-third of the Fortune 500. The AppZen Platform combines patented computer vision, semantic analysis, and deep learning to understand financial transactions in business context and make decisions before those transactions happen. It is a must-have for CFOs and their teams to comply with policy, streamline process, reduce spend. Over 1,650 enterprises have standardized on AppZen, including four of the top five banks, four of the top ten media companies, four of the top ten pharmaceutical manufacturers, two of the top five aerospace companies, and six of the top ten software providers. Visit us at www.appzen.com and follow us on Twitter at @AppZen. SAP, PartnerEdge and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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For more information, press only: Katy Garlinghouse - Katy.garlinghouse@appzen.com