Schreiber Foods, a global leader in the dairy industry, specializes in cream cheese, natural cheese, process cheese, beverages, and yogurt. With over 10,000 employees operating across five continents, Schreiber partners with top retailers, restaurants, distributors, and food manufacturers worldwide. Managing an annual invoice volume exceeding 1 million and generating sales of over $7 billion, Schreiber exemplifies operational excellence on a global scale.
The Challenge:
As a multinational corporation with a vast product portfolio, Schreiber Foods faced significant challenges in managing its very complex financial operations. The company’s financial operations were hindered by legacy tools, siloed processes, and limited visibility into spend.
With 400 users approving indirect spend, Schreiber lacked the insights and agility needed to manage global operations efficiently. The business needed to modernize and scale without adding headcount—and without overburdening IT.
“We lived in a heavy ERP and customization world, and that was becoming expensive to manage and maintain. We had no global standards for AP, and up until deploying OpenEnvoy, we didn’t really have good visibility into what was being spent, who was approving it, or whether they even needed to.”
— SriRaj Kantamneni, CIO, Schreiber Foods
The Solution:
The finance team led the search for a better way. Using Schreiber’s internal value framework, they identified OpenEnvoy as the platform that could replace fragmented tools, unify global finance operations, and deliver rapid time to value.
OpenEnvoy’s Autonomous Finance platform enabled:
- AI-powered invoice processing, matching, and coding
- Automated cash application, implemented in just 6 weeks
- Global standardization across AP, AR, and cash management
- Seamless integration with cloud and on-prem ERPs
“OpenEnvoy allowed us to get to a global blueprint in AP, AR, and cash management. It just worked: 95% of our requirements were met out of the box, which meant we could go live and realize value faster than any other project in the past 24 months. What made it even more effective was that our finance team led the implementation while IT simply enabled it—that’s the best-case scenario.”
— SriRaj Kantamneni, CIO, Schreiber Foods
Implementation Highlights
- AP deployed globally in a few months
- 400+ approvers onboarded with full audit trails
- Minimal IT lift, thanks to OpenEnvoy’s cloud-first design
- Replaced 4 tools, including legacy OCR and custom-built integrations
Results and Benefits
- Faster time to value: Tangible benefits realized in weeks, not months
- 90% automation across payables, with no supplier input required
- Improved decision-making with real-time data on spend, cycle time, and approver behavior
- Catalyst for innovation across other departments and workflows
“We started in one vertical, and now we’re seeing applications across a wide swath of the business. What excites me is how quickly the tech worked. It created a flywheel of curiosity and change. When great tech works, it makes it easier for people to let go of outdated processes and opens the entire organization to innovation.”
— SriRaj Kantamneni, CIO, Schreiber Foods
Conclusion:
Schreiber Foods’ journey with OpenEnvoy demonstrates how a business-led, IT-enabled partnership can transform finance without disruption or complexity. The result: a modern, AI-powered finance operation that’s faster, more accurate, and ready to scale globally.
“This wasn’t just about automation—it was about simplification, acceleration, and unlocking value. We knew what good looked like, and OpenEnvoy delivered it.”
— SriRaj Kantamneni, CIO, Schreiber Foods
About OpenEnvoy
OpenEnvoy is the Applied AI platform that unifies payables, contracts, receivables, and transactions to free up Finance teams from excess clerical work. OpenEnvoy lets companies use AI to reconcile in real time, eliminating errors and fraud to improve operating efficiency and cash flow with minimal change for IT and trading partners.
With OpenEnvoy, customers have identified more than $367M in potential losses to date.
To learn more about OpenEnvoy, visit www.openenvoy.com and follow us on LinkedIn.
