It’s estimated that startups and small businesses waste in excess of $130B each year as a result of poor visibility into vendor spending. By leveraging AI into their accounting stack, companies can take advantage of automation and unprecedented financial intelligence. Glean AI is an automated accounts payable solution that drives savings by providing non-intuitive spend insights. With the platform, companies can focus on cost optimization, benchmarking, and spend intelligence rather than spending time on low-value activities like manual invoice processing. With Glean companies can make ACH, check, and international payments, sync bills and payments with leading accounting software, serving the needs of both accounting and FP&A teams. AlleyWatch caught up with Glean AI CEO and Founder Howard Katzenberg to learn more about the inspiration for the business, the company’s strategic plans, latest round of funding from investors that include Contour Venture Partners, American Express Ventures, Infinity Ventures, B Capital Group, and Portage Ventures.

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• Source: https://www.alleywatch.com/2022/03/glean-ai-accounts-payable-automation-driving-intelligence-platform-howard-katzenberg/