Understanding AppZen Autonomous AP

AppZen Autonomous AP is an AI-first application that can autonomously process most manual invoices end-to-end with minimal to zero manual touches, with 100% confidence!

This intelligent AI (artificial intelligence) software learns quickly and automatically adjusts its predictions based on two to three data samples of user feedback. With Autonomous AP, most invoices move from "extraction" to "ok-to-pay" with no human intervention, improving invoice processing efficiency by up to 80%.

Autonomous AP ensures that all payouts meet the spend policy. It also detects and drives down duplicate spending by up to 5%. In addition, it automatically predicts General Ledger (GL) codes and accurately assigns cost centers and account codes specific to each Chart of Accounts (COA).

Autonomous AP brings excellent value to its customers, including:

• Automation - Delivering a higher level of automation for AP to extract invoice details autonomously, without having an AP Staff from having to review them. It allows the AP Staff to engage in more valuable and strategic organizational tasks.
  
• Risk and Compliance - Bring better clarity and reliability than humans, as AI always remembers. AppZen provides a higher level of compliance for the transactions that flow through the organization.
  
• Spend Visibility - It provides better spend visibility across the business by helping users categorize their spend transactions as they enter the system.
  

In a nutshell, Autonomous AP uses artificial intelligence (AI) to ensure proper invoice extraction, validation, matching POs (wherever appropriate), auditing, and predicting the GL codes for non-PO invoices. It also acts as an audit visionary to the Accounts Payable Team, maximizing efficiency, accounting accuracy, policy compliance, cycle times, and duplicate payments.