Glean Ai

What is Glean Ai?

Glean AI is a tool designed to automate accounts payable processes efficiently and intelligently. It enables users to process and approve invoices without the need for manual data entry, make various types of payments, and gain insights into spending patterns and possible cost-saving opportunities. Glean AI stands out for its ability to automatically detect duplicate invoices, billing errors, anomalous spending, and available vendor savings. It also provides vendor benchmarking data to compare prices with competitors. Users can benefit from case studies showcasing successful implementations of Glean AI in different finance teams, resulting in time savings, billing issue identification, and simplified vendor budgeting processes. The tool offers features like vendor onboarding, spend forecasts, upcoming renewal notifications, and duplicate bill detection, along with unlimited negotiation consultations and personalized support. Glean AI captures detailed information from invoices, including line items such as items purchased, quantities ordered, and unit pricing, providing deep insights into cost drivers. Its ease of use is highlighted by the quick processing of invoices and generation of useful insights on vendor spend. Users can get started by forwarding invoices to a unique Glean AI email address, with the tool handling data processing and analytics to support informed decision-making in finance teams.

Who created Glean Ai?

Glean Ai was founded by Howard Katzenberg, who serves as the Founder & CEO of the company. Howard Katzenberg acknowledged the need for improved visibility into expenses, leading to the creation of Glean AI to address this issue effectively. The company offers AI-powered software for accounts payable automation and smarter spend management, focusing on providing unparalleled intelligence, automation, and collaboration tools to empower finance teams and increase savings opportunities.

What is Glean Ai used for?

• Automated amortization and accruals
• Invoice processing and payment automation
• Expense tracking by department or at the company level
• Centralizing key documents for audit and internal controls
• Collaborative approval workflow
• Efficient month-end close processes
• Detecting duplicate invoices and overcharges
• Alerts on billing errors and anomalous spend activity
• Vendor benchmarking for pricing comparison
• Savings recommendations
• Accrual Automation
• Process and approve invoices with no data entry
• Make ACH, check, & international payments
• Get deep spend insights & savings recommendations
• Sync bills & bill payments with all top GL systems
• Automatically detect duplicate invoices and overcharges
• Receive alerts on billing errors, anomalous spend activity, and available vendor savings
• Vendor benchmarking to see what competitors are charging
• Centralized document storage
• Automated prepaid amortizations
• Custom approval workflows
• Automated data extraction, GL coding, bill approvals & payments
• Accelerating invoice processing and decreasing team workload from 20 hours per week to 5 hours
• Centralizing key documents for audit reviews and internal controls
• Simplification of vendor budgeting and bill pay processes for finance teams
• Invoice analytics for identifying overpayments and anomalies
• Real-time access to spend trends and user alerts for anomalous charges and savings opportunities
• Automated accrual bookings and reversals
• Spend forecasts and budgeting
• Upcoming renewal notifications
• Automated data extraction
• GL coding automation
• Bill approvals automation
• Prepaid amortizations automation
• Centralized collaboration and planning
• Vendor decision-making intelligence
• Robust data benchmarking
• Increased spend efficiency
• Simplified vendor spend management

Who is Glean Ai for?

• Accounting Teams
• FP&A Teams
• Finance teams
• Finance Leaders

How to use Glean Ai?

To use Glean Ai efficiently, follow these steps:

1. Setup Process:

   • Add a Glean.ai email to your existing Accounts Payable (AP).
   • Connect your General Ledger and Bank.
   • Create departments and add users.
   • Map your vendors to default GL accounts.

2. Features and Benefits:

   • Enjoy automated invoice processing with no data entry required.
   • Conduct easy vendor onboarding and management.
   • Access one-click flux analyses, spend forecasts, budgeting, and upcoming renewal notifications.
   • Utilize vendor benchmarking data for pricing insights and duplicate bill detection.
   • Benefit from unlimited negotiation consultations, personalized support, and seamless integration with GL systems.

3. Workflow:

   • Receive invoices by forwarding them to your unique Glean.ai email address.
   • Glean.ai handles all data processing, including line item extraction for detailed cost analysis.
   • Most invoices are processed and visible in the application within minutes, with line item data added within 24 hours.
   • Gain insights called "glean"s on various aspects of vendor spend.

4. Pricing and Additional Information:

   • Glean.ai offers different plans priced by volume, starting with the Basic plan at $295/month.
   • The tool does not charge overages, automatically transitioning to the next tier if invoice limits are consistently exceeded.

By following these steps, you can effectively utilize Glean Ai for streamlined invoice processing, vendor management, and insightful spend analysis to optimize financial operations and savings.