Retail

Free up the back office

High wage costs, consumer uncertainty, and supply chain challenges leave retailers struggling. OpenEnvoy helps Retailers do more with less.

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Benefits

Digitize to spend more time with customers

Cut out clerical work, get full visibility into spend across all operations, and eliminate losses to fraud, duplication, and overbilling.

Free up staff for valuable work

Escalating wage costs make productivity even more important across the business.

Use Applied AI to free up time for workers across retail operations, G&A, and business leadership from clerical work, invoice reconciliation, and supplier disputes.

AP Product

Eliminate losses to boost margins

Customer uncertainty and escalating costs squeeze margins.

Avoid overpayment of supplier invoices even where variable costs make accurate purchase order amounts challenging. Use Applied AI to reconcile invoices directly against supplier bids, contracts, and transaction records in addition to POs. Reconcile complex e-Commerce shipping invoices. Eliminate losses to fraud, duplication, and supplier overbilling to reduce non-headcount spend.

AP Product

Optimize
working capital

High capital cost creates a barrier to needed investments.

Free up working capital by giving the flexibility to stretch payments and increase DPO or pay early to realize discounts. Avoid auditor fees and delays in recovering cash by moving from traditional after-the-fact to preventative freight audit.

Working Capital

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.