The customer
Schreiber Foods is a $7.5 billion, employee-owned global leader in dairy products, including cream cheese, natural and processed cheese, yogurt, beverages, and specialty items. Operating across North America, Europe, Latin America, Asia, and Africa with more than 10,000 partners, the company manages complex supply chain and finance operations at a global scale.
The challenge
The Schreiber finance team struggled with:
- Over 20,000 manual AR entries processed annually.
- Rigid ERP templates made it difficult to adapt to varied remittance formats.
- 3–4 day delays in cash application.
- Difficulty standardizing finance operations across global teams.
- High IT dependency and poor user adoption from past systems.
The solution
Schreiber partnered with OpenEnvoy to modernize AR and AP operations using autonomous finance technology:
- Deployed OpenEnvoy across regions in just six weeks.
- The finance team led the initiative, with IT providing support for integrations and deployment.
- Built a global standard with minimal customization or IT lift.
- Real-time, timezone-aligned support ensured fast user adoption.
The results
- 90% AP automation in the first month
- 75% reduction in manual effort
- Cash application time cut from 3–4 days to same day
- Improved working capital and financial accuracy
- Teams shifted from manual entry to strategic analysis
- Sparked new automation initiatives across the enterprise
We went from 0 to 90% AP automation in a month.
— Shri Consumani, CTO, Schreiber Foods
This was a game-changer... simple to use, fast to implement, and dramatically improved accuracy.
— Heather Bokes, VP of Finance, Schreiber Foods
About OpenEnvoy
OpenEnvoy pioneered Autonomous Finance™, delivering AI-powered solutions that transform AP, AR, and document processing. Global enterprises trust our platform to eliminate manual tasks, protect working capital, and deliver real-time visibility into financial operations.
Learn more at www.openenvoy.com.
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