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AppZen Nabs Gold for Fastest Growing Company in 2018

Rapidly-expanding Startup Wins Top Accolade from Best in Biz Awards

AppZen, the leader in artificial intelligence (AI) solutions for business automation, has been named a gold winner of the Fastest Growing Company of the Year – Small Category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.

AppZen is the first company to bring AI to the enterprise back office with a sophisticated platform automating the slow and error-prone spend audit process. The company solves a critical problem CFOs face: the severe lack of oversight or control over corporate spend. By combining computer vision, deep learning, natural language processing, and intelligence mined from hundreds of online data sources, AppZen saves enterprises millions of dollars of annual spend through reduction of waste and fraud. Additionally, companies using AppZen enjoy massive improvements in expense reimbursement turnaround times as they jump from auditing 10 percent of all expense items to auditing 100 percent, all within minutes. Companies including Amazon, Citi, and Salesforce have used AppZen to transform the way they audit spend — using data to make smart decisions, and creating a more pleasant expense culture for everyone.

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Each year, Best in Biz Awards entrants range from recognizable global brands to innovative startups. The 8th annual program proved to be a particularly tough competition, attracting close to 700 entries from an impressive array of public and private companies of all sizes and North American locations. Best in Biz Awards 2018 honors were conferred in 70 different categories, including Company of the Year, Fastest-Growing Company, Most Innovative Company, Best Place to Work, Support Department, Executive of the Year, Most Innovative Product, Best New Service, CSR Program, Marketing Campaign, and Blog of the Year.

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“We are honored that some of the most influential decision-makers in our industry have recognized our impact and success in transforming the enterprise back office with AI,” said Anant Kale, CEO and Co-founder, AppZen. “We are delighted by our growth over the last year, growing the number of companies that use AppZen from 30 to more than 800 by year end. With continued industry recognition, a stellar team and a healthy pipeline, 2019 is set to be AppZen’s best year yet.”

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Since 2011, winners in Best in Biz Awards have been determined based on scoring from independent judging panels deliberately composed each year of prominent editors and reporters from some of the most respected newspapers, TV outlets, and business, consumer, technology and trade publications in North America. Structured in this unique way, Best in Biz Awards is able to best leverage its distinguished judges’ unparalleled expertise, experience and objectivity to determine award winners from among the hundreds of entries. The 2018 judging panel included, among others, writers from Associated Press, Barron’s, Consumer Affairs, eWeek, Forbes, Healthcare Innovation News, Inc., Investment Advisor Magazine, MediaPost, New York Post, New York Times, Ottawa Citizen, and Wired.

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