Modern AP for Manufacturers.
Eliminate cash leakage and clerical work with AI.
Prevent overbillings and fraud to improve operating efficiency and cash flow without impacting suppliers or IT.
customers:
Boost your financials in
just a few months
Fast, lightweight implementation and minimal change for users, suppliers, and IT let you realize your goals faster.
Better decisions, touchless processing.
Full invoice audit and reconciliation with no manual work. Eliminate losses to overbillings, fraud, and duplicates to contain costs and optimize cash.
0% manual work.
100% upside.
Cut out manual keying, coding, and reconciliation for a “touchless” process covering all spend. Free up your Finance team for higher-value work, letting you scale.
Eliminate losses
with revolutionary accuracy
Use AI to audit line-level invoices against price lists, contracts, and other records to spot conflicts and eliminate losses.
Full control over cash in and out
Instant reconciliation and rapid approvals let you balance DPO against early-payment discounts. Improve accuracy of customer invoices to avoid under-billing and accelerate cash conversion.
Real-time insight and compliance
Get full visibility into spend to make every dollar go farther. Ensure an effective control environment and compliance with global tax regulations, without the typical adoption challenges.
Accelerate transformation with Applied AI
OpenEnvoy delivers “touchless” AP and real-time audit to maximize efficiency and cash flow.
Leading companies have
transformed with OpenEnvoy
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.
OpenEnvoy is a scalable solution that we are going to keep with us no matter what accounting system is used in the future. It has freed up time and resources to focus on integration as well.
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.
AI-Powered
finance automation
for your industry
Manufacturing
Achieve massive cost savings with touchless processing of all invoices at scale with 99% accuracy. Take advantage of early payment discounts and never overpay a vendor.
Retail
Supply Chain & Logistics
Remove friction from your shipments and accelerate transactions with automated processing of large volumes of invoices and of complex freight reconciliation in real-time, accurately at scale.
Media & Advertising
Improve cash flow by correcting receivables in advance and eliminating overpayments with AI-powered invoice reconciliation at the line-item level and reduce reliance on and strain on your media operations team.