AppZen, the world’s leading AI solution for modern finance teams, is launching Mastermind Analytics, first-of-its-kind analytics AI software that enables CFOs and their teams to identify spend risks within their organisations, as well as access on-demand benchmarks to peg their own performance against their peers. This gives finance teams unprecedented visibility into their organisations’ patterns of behaviour and spend, and provides a valuable assessment of success and areas of improvement.

AppZen’s Mastermind Analytics is designed to help CFOs reduce costs and streamline their digital transformation initiatives, both within their finance teams and throughout companies. By providing finance teams with on-demand insights into spend, risk, and operational performance, it frees up their time to focus on more business-critical activities. It also helps eliminate wasteful, fraudulent, or out-of-policy spend, and provides metrics on how to make processes and teams more efficient.

AppZen’s Mastermind Analytics offers exclusive benefits and features such as:

• Visibility of behaviour patterns beyond routine audits
• AI-driven insights drawn from the most accurate and 100 per cent audited spend data, including information extracted from receipts, contracts, invoices, expense claims, and more
• A 360 degree real-time view of a company’s finances
• More than 30 on-demand charts covering current cross-system spend, risk, and operational performance
• Benchmarking against peer organisations
• The ability to create dashboards for specific use cases, metrics, and teams

“We are excited to offer this unique analytics capability as part of the AppZen AI software suite of products,” said Anant Kale, chief executive officer and founder of AppZen. “Finance teams will now have access to previously unavailable out-of-policy spend information that enables immediate visibility into patterns and activity that could indicate, and prevent, more complex risks of fraud and waste.”

Mastermind Analytics requires zero integration or configuration and enables easy self-service changes to existing dashboards. Business users can build extensive customer dashboards and charts with no IT or engineering support and no manual effort needed to aggregate data.

AppZen created Mastermind Analytics to provide finance teams with confidence in how their performance compares to industry peers by making it clear what needs prioritising and improving while empowering them through actionable insights to address problem areas in the spend process. The immediate insights with on-demand charts, dashboards, and metrics provide a hassle-free and empowering approach to this process.

Mastermind Analytics is now available to AppZen AI Finance Platform users today.