Blog/Thought Leadership October 11, 2023

OpenEnvoy Named 2023 Gartner Cool Vendor: Revolutionizing Invoice Automation


In the world of technology, few accolades hold as much prestige as being named a Gartner Cool Vendor. This recognition signifies innovation, game-changing solutions, and the potential to disrupt established norms. For the team at OpenEnvoy, being recognized as a Gartner Cool Vendor in 2023 is not just an accolade but a testament to our mission and the transformative power of technology.

The Birth of OpenEnvoy

When we embarked on our journey with OpenEnvoy, our mission was clear - we wanted to create a product that solves problems without requiring excessive manpower. Our starting point was a straightforward question: "Why do people need to manually handle invoices?" We were convinced that there had to be a better way.

We delved into the world of Invoice Automation, an industry comprising approximately 220 companies. To our surprise, we discovered that a prevailing answer to the manual handling of invoices was, "Because it's the easiest solution." That response sparked our determination to challenge the status quo and explore innovative alternatives.

The OpenEnvoy Solution

In the realm of Accounts Payable (AP) and Invoice Automation, there have been various attempts to integrate AI into existing software. However, none have achieved the same transformative impact as our solution: 100% touchless invoice processing. It's not just about automating tasks; it's about redefining how we approach workflow.

Gartner's recognition of OpenEnvoy goes beyond merely affirming the viability of AI for Invoice Automation; it acknowledges that AI has the potential to replace traditional workflow concepts across various software categories. This is a monumental shift in the way we think about technology, automation, and productivity.

Gratitude to Early Adopters

We owe a debt of gratitude to our early customers who believed in our vision and took the risk to pioneer this new generation of post-workflow software. It's their trust and partnership that have brought us to where we are today. We couldn't have done it without you, and we're excited to continue this journey together.

The Future is Now

Being recognized as a Gartner Cool Vendor is not just an achievement; it's a responsibility. It motivates us to continue pushing the boundaries of what's possible in Invoice Automation and beyond. This is just the beginning. With your support and innovation as our guiding principle, we're excited to see where the future takes us.

Stay tuned for more updates, and thank you for being a part of the OpenEnvoy story.

Read the press release here.

Warm regards, 

Co-founders Matt Tillman and Parker Moore


Read what’s next

Read about CFO Report: The transformation of the CFO with Duke Heninger
Thought Leadership Aug 1, 2022

CFO Report: The transformation of the CFO with Duke Heninger

Read about Save Money. Invest in RevOps.
Thought Leadership Jul 6, 2022

Save Money. Invest in RevOps.

Read about The CFOs Struggle for Talent: How you May Be in Your Own Way
Thought Leadership Jul 5, 2022

The CFOs Struggle for Talent: How you May Be in Your Own Way

Serious about protecting your cashflow?