Category: Spend Management

AppZen’s new AI supports Same-Day Expense Reimbursement

AppZen’s newest enhancement, announced this week, is called “AppZen Audit Insights” that enables Same-Day Expense Reimbursement and enhanced reporting capabilities. AppZen is an automated expense report auditing system that instantly checks for compliance and fraud. AppZen is integrated with most

FINRA Rule 2010 impacts Expense Reports

FINRA (Financial Industry Regulatory Authority)┬áis a non-governmental organization that regulates member brokerage firms and exchange markets. FINRA works along side the government agency, Securities and Exchange Commission. According to the Broke and Broker blog which focuses on securities fraud, “FINRA

Certify acquires Abacus’s real time expense management solution

Last month, expense management software company Certify announced the acquisition of Abacus. Certify itself was recently purchased by K1 Investments and merged along with a portfolio of spend management solutions which included Nexonia, ExpenseWatch and Tallie. It was almost one

Spend analytics “vital to increasing value” – Procurement 2020

By evolving past transactional processes and focusing instead on total value, Procurement is becoming a more strategic player within the business. Companies are seeking to align procurement functions with revenue goals, quality controls, Integrated Business Planning and total cost of

Under-performers have only basic reporting capabilities

IBM Institute for Business Value (IBV) survey of more than 1,000 CPOs and senior procurement executives indicates that businesses with top performing procurement departments have moved beyond basic reporting and into advanced analytics. However I would argue that most underperformers

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