Applied AI

for Finance Transformation

Applied AI

for Finance Transformation

OpenEnvoy is a purpose-built AI platform for finance transformation, streamlining payables, receivables, contracts, and reconciliations.

It seamlessly integrates with your existing systems without the need for custom development or AI expertise, ensuring you stay ahead with continuous innovation.

vendor

Boost your financials in
just a few months

Fast, lightweight implementation and minimal change for users, suppliers, and IT let you realize your goals faster.

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BENEFITS

Better decisions, touchless processing.

Full invoice audit and reconciliation with no manual work. Eliminate losses to overbillings, fraud, and duplicates to contain costs and optimize cash.

0% manual work.
100% upside.

Cut out manual keying, coding, and reconciliation for a “touchless” process covering all spend. Free up your Finance team for higher-value work, letting you scale.

Eliminate losses
with revolutionary accuracy

Use AI to audit line-level invoices against price lists, contracts, and other records to spot conflicts and eliminate losses.

Full control over cash in and out

Instant reconciliation and rapid approvals let you balance DPO against early-payment discounts. Improve accuracy of customer invoices to avoid under-billing and accelerate cash conversion.

Real-time insight and compliance

Get full visibility into spend to make every dollar go farther. Ensure an effective control environment and compliance with global tax regulations, without the typical adoption challenges. 

Generative Analytics

Accelerate transformation with Applied AI

OpenEnvoy delivers “touchless” AP and real-time audit to maximize efficiency and cash flow.

Customer and Analyst Recognition

Customers and leading analysts
have recognized OpenEnvoy

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Digital capture
100%
Invoice processing (seconds)
<2
Savings
9%
Customers

Leading companies have
transformed with OpenEnvoy

Raney’s was able to digitize AP across 100% of our suppliers in just two months. With OpenEnvoy we’ve been able to scale touchless processing without the burden of ‘no PO no Pay’. We’ve been able to shift team members from manual clerical work to proactively disputing overbillings and pursuing other ways to hit the goals of our growing business.

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Eric Anderson, Co-Founder
Raney’s Truck Parts

OpenEnvoy is a scalable solution that we are going to keep with us no matter what accounting system is used in the future. It has freed up time and resources to focus on integration as well.

Matt sized
Matt Cohen, VP of Finance
Bliss Point Media

If we fall behind with ocean carriers, we could be faced with credit holds. This means we essentially pay up front and go to the vendor after to clawback any overpayment or duplicate payment, which is, requiring time-consuming and takes employee resources. It was a two-fold problem.

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Leslie Dieck, Controller
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INDUSTRIES

AI-Powered
finance automation

for your industry

Manufacturing

Achieve massive cost savings with touchless processing of all invoices at scale with 99% accuracy. Take advantage of early payment discounts and never overpay a vendor.

Manufacturing hero

Retail

High wage costs, consumer uncertainty, and supply chain challenges leave retailers struggling. OpenEnvoy helps Retailers do more with less.
Retail hero-1

Supply Chain & Logistics

Remove friction from your shipments and accelerate transactions with automated processing of large volumes of invoices and of complex freight reconciliation in real-time, accurately at scale.

Transportation hero

Media & Advertising

Improve cash flow by correcting receivables in advance and eliminating overpayments with AI-powered invoice reconciliation at the line-item level and reduce reliance on and strain on your media operations team.

Media industry

Introducing Release 14

May 20, 2024
See our two minute product video here > Today we announce OpenEnvoy Version ...

OpenEnvoy Partners with CMA CGM on AI Freight Audit

May 6, 2024
OpenEnvoy, a leading provider of Accounts Payable (AP) automation solutions, is ...

Serious about protecting your cashflow?

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