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Full-Time

Director of Alliances

Posted on 9/26/2023

AppZen

AppZen

201-500 employees

Automates financial processes using AI

Data & Analytics
Consulting
Hardware
Fintech
AI & Machine Learning
Financial Services
Legal

Compensation Overview

$170k - $200kAnnually

+ Bonus + Variable Incentive Pay

Senior, Expert

San Jose, CA, USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Sales
Communications
Requirements
  • MBA or equivalent business-related degree.
  • Proven experience in business development, alliances, corporate sales, or venture roles.
  • Strong analytical skills with the ability to assess market trends and identify strategic opportunities.
  • Familiarity with AI-driven products and the finance industry is a plus.
  • Exceptional partner sales, written, and oral communication skills; must be persuasive and excel at presenting.
  • Travel is critical (up to 30%+ of time) along with strong business analytical skills.
  • Proven ability to prioritize and develop strategic plans successfully.
  • Proven ability to effectively coordinate and work across functional teams – both internally and with partners, both in-person and virtually.
  • Ability to achieve sales objectives and influence others and leverage for success.
  • Demonstrated ability to work well under pressure, thrive in a fast-paced environment and manage multiple projects simultaneously.
  • Ability to cultivate business relationships through networking.
Responsibilities
  • Reports to Chief Operating Officer.
  • Strategic Analysis: Conduct a comprehensive analysis of AppZen's business to identify potential partnership opportunities in AI-driven finance products. Understand market trends, competitor landscape, and customer needs to inform alliance strategies.
  • Partnership Identification: Explore and identify potential partners in software products, payments, banks, and cards industries. Evaluate alignment with AppZen's goals and objectives, and assess the potential for mutually beneficial collaboration.
  • Opportunity Evaluation: Assess and prioritize partnership opportunities based on strategic fit, market potential, and revenue impact. Collaborate with cross-functional teams to evaluate the feasibility of each opportunity.
  • Investment Recommendations: Develop a clear understanding of the ROI for potential partnerships and present compelling business cases to leadership. Recommend investment strategies for the top 2-3 partnership opportunities.
  • Relationship Building: Build and nurture relationships with key stakeholders in potential partner organizations. Engage as needed with internal Sales, CSM and other functions to ensure the needs of customers sourced through partner are met and build a specific plan for each partner to ensure a cohesive and integrated approach to alliance development.
  • Cross-Functional Collaboration: Work closely with product, sales, and business development teams to align alliance strategies with overall business objectives. Ensure seamless integration of partnerships into AppZen's product and sales ecosystem.
  • Performance Monitoring: Establish key performance indicators (KPIs) for alliances and regularly monitor and report on the success of partnerships. Implement adjustments and improvements as needed.

AppZen automates financial processes for businesses using artificial intelligence. It offers three main services: an Accounts Payable solution that automates invoice entry and matches them with general ledger codes and purchase orders, a Travel and Expense tool that analyzes receipts to ensure compliance and speed up reimbursements, and a card monitoring service that tracks real-time card usage to detect fraud. AppZen operates on a software-as-a-service model, allowing easy integration with existing systems and promising a quick return on investment. The company aims to enhance efficiency and compliance in financial operations across various industries.

Company Stage

Series C

Total Funding

$101M

Headquarters

San Jose, California

Founded

2012

Growth & Insights
Headcount

6 month growth

11%

1 year growth

17%

2 year growth

19%
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Simplify's Take

What believers are saying

  • AppZen's strategic partnerships, such as with Amadeus, expand its market reach and enhance its service offerings.
  • The $50 million Series C funding round led by Coatue Management indicates strong investor confidence and provides ample resources for growth and innovation.
  • The introduction of the AppZen AppStore simplifies the automation of expense reviews and approvals, making it easier for finance teams to ensure compliance and efficiency.

What critics are saying

  • The competitive fintech landscape requires AppZen to continuously innovate to maintain its edge.
  • Dependence on AI technology means that any flaws or failures in the system could lead to significant financial discrepancies and loss of client trust.

What makes AppZen unique

  • AppZen leverages advanced AI to automate financial processes, offering a level of efficiency and fraud detection that traditional methods can't match.
  • Their SaaS model ensures quick integration and ROI, making it highly attractive for businesses looking to streamline financial operations without extensive IT overhead.
  • The recent launch of AppZen Inbox with generative AI further sets them apart by revolutionizing the AP inbox experience.
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