Manufacturing

Bring innovation to the back office

Escalating costs, supply chain uncertainty, and complex transaction structures leave Finance teams struggling to keep up.

Manufacturing hero
Benefits

Take control of your financial future

Improve profit, cash flow, and resilience by using AI to streamline payables and eliminate losses to fraud, duplication, and overbilling.
Boost operating margin
Global competition and customer uncertainty squeeze margins.

Use applied AI to free up time for workers across G&A, operations, and leadership by digitizing receipt capture and invoice management.

Improve reconciliation even in complex areas such as direct materials and logistics with the ability to match invoices to supplier bids, rate cards, contracts, and purchase orders. Eliminate losses to fraud, duplication, and supplier overbilling to reduce non-headcount spend.

 

3 and 4 way match
Reduce costs, improve supplier relationships
Supply chain snarls increase costs
and impact sales.

When global supply chain issues happen, carriers prioritize their favored customers. Improve relationships with the switch to proactive freight audit, moving to productive business conversations rather than contentious clawbacks.

Favored customer status
Optimize
working capital
High capital cost creates
a barrier to needed investments.

Free up working capital by quickly matching invoices to contract terms, giving the flexibility to stretch payments and increase DPO or pay early to realize discounts. Accelerate cash conversion with accurate highly accurate billing.

Optimize Working Capital small
Reduce costs, improve supplier relationships
Supply chain snarls increase costs
and impact sales.

When global supply chain issues happen, carriers prioritize their favored customers. Improve relationships with the switch to proactive freight audit, moving to productive business conversations rather than contentious claw backs.

Favored customer status
CUSTOMERS

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.

Leslie sized
Leslie Dieck, Controller
Scoular
Customer and Analyst Recognition

Customers and leading analysts
have recognized OpenEnvoy

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

Keep up with the latest
manufacturing
trends & insights

Read about Improving Resilience and Cutting Hidden Costs in Global Supply Chains with AI
Improving Resilience and Cutting Hidden Costs in Global Supply Chains with AI
AI/ML December 14, 2023

Improving Resilience and Cutting Hidden Costs in Global Supply Chains with AI

Read about Scoular Leverages Real-Time Tech to Identify 2 Million Dollars in Duplicate Invoices
Scoular Leverages Real-Time Tech to Identify 2 Million Dollars in Duplicate Invoices
AP Automation May 26, 2023

Scoular Leverages Real-Time Tech to Identify 2 Million Dollars in Duplicate Invoices

Read about
Save Billions- How to Eliminate Fraud in Accounts Payable Processes
Finance Feb 15, 2022

Save Billions: How to Eliminate Fraud in Accounts Payable Processes

Serious about protecting your cashflow?

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Serious about protecting your cashflow?

AI your AP with OpenEnvoy.

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