How Raney's Digitized AP Across 100% of Suppliers in 60 Days

Results at a Glance

About Raney's

Raney's Truck Parts is the aftermarket parts and accessories provider for the heavy-duty trucking industry, headquartered in Ocala, Florida. As the business scaled, so did the volume and complexity of supplier invoices, many arriving from small providers with inconsistent formats, no standardized PO processes, and no willingness to adopt a vendor portal.

The Challenge

Thousands of invoices per month. A lean Finance team. And a reconciliation process, matching invoices against purchase orders, rate sheets, and transaction records, that consumed more capacity the faster the business grew.

Co-founder Eric Anderson framed the imperative clearly: "As our company looks ahead, we know we have to transform our labor-intensive accounts-payable process. AI will empower us to ensure compliance, scale our operations efficiently, and redeploy our resources strategically."

The Finance team set out to automate invoice intake and GL coding, streamline reconciliation, capture early payment discounts, eliminate overbilling losses, and free the team for higher-value work. The non-negotiable: no solution that required suppliers to change how they operated.

The Solution

OpenEnvoy was the only platform that required zero vendor configuration. Suppliers kept sending invoices exactly as they always had. OpenEnvoy ingested them, extracted every field and line item, reconciled against contracts and purchase orders, and routed verified invoices for payment before a human was notified the invoice had arrived.

Within 60 days, 100% of Raney's suppliers were fully digitized. No onboarding calls. No portal training. No supplier friction. Forensic-level verification surfaced immediately what had been invisible: issues in 54% of invoices, including duplicates, overbillings, and pricing discrepancies that had been passing through undetected.

The Finance team stopped processing invoices and started resolving the ones that actually needed attention.

A Platform Upgrade That Compounded the Returns

In Q1 2026, Raney's migrated to OpenEnvoy's new matching platform. Touchless processing improved significantly across every metric:

By April 2026, Raney's was running at 87% automated, 79% touchless, and 79% approval-ready, up from 53% across all three metrics in January.

Verified Before Every Payment

OpenEnvoy does not make invoice processing faster. It makes every payment verified. Each invoice is matched against the contract, the purchase order, and the transaction record before a payment executes. Discrepancies surface immediately. The team resolves confirmed exceptions, not noise.

Invoice cycle time is now under four hours. Early payment discount capture exceeds 97%. GL coding is 99.8% automated. Vendor accuracy data feeds directly into future procurement negotiations.

And no supplier has needed to change anything about how they send invoices.

Results

• 100% of suppliers digitized in 60 days with zero vendor configuration
  Full digitization across the entire supplier base. No onboarding. No portal. No supplier participation required.
• Issues found in 54% of invoices
  Duplicates, overbillings, and pricing discrepancies surfaced on day one that had been passing through undetected under the previous process.
• Invoice cycle time reduced to under 4 hours
  Down from an industry baseline of up to 15 days, enabling consistent capture of early payment discounts on 97%+ of eligible invoices.
• AP team redeployed to strategic work
  The Finance team redirected time toward disputing confirmed overbillings, recovering vendor credits, and supporting business growth.

"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."

Eric Anderson, Co-Founder, Raney's Truck Parts

About OpenEnvoy

OpenEnvoy's agentic AI handles the full invoice-to-payment cycle across AP, AR, and payables, with no vendor configuration required. Every payment is verified before it executes. $3.2B in overspend prevented. 8X ROI in 12 months.

openenvoy.com