Private equity (PE)-backed manufacturing companies face immense pressure to increase EBITDA, reduce operational costs, and scale efficiently. Many have turned to AI-first solutions to transform core business functions like accounts payable (AP) to meet these objectives. By automating AP processes, companies can eliminate inefficiencies, reduce errors, and optimize financial performance.
Three PE-backed manufacturers—Raney's, Kymera International, and Sensience- leveraged OpenEnvoy's AI-first technology to meet their goals. Below is a quick introduction to each of these companies
Company |
Industry |
Private Equity Sponsor |
| Kymera International | Specialty Materials | Incline Equity |
| Raney’s | Autoparts/Distribution | Palladium Equity Partners |
| Sensience | Consumer Electronics | One Rock Capital |
The Challenges Facing PE-Backed Manufacturing Companies
PE-backed manufacturers are expected to deliver strong financial performance quickly. The three common challenges are:
- Pressure to Increase EBITDA through rapid cost-cutting
- Headcount Reduction and Efficiency
- Accelerated time to value through rapid implementation of new AP workflows via OpenEnvoy during M&A activity
Traditional manual AP processes are a significant obstacle to achieving these goals. Errors, delays, and inefficiencies in invoice processing can slow growth and reduce profitability.
OpenEnvoy’s Autonomous AP transforms these processes, offering immediate and measurable financial impact that only AI can provide.
The Six Benefits Autonomous AP and OpenEnvoy Delivers to PE-Backed Manufacturing Companies
1. Efficient Headcount
Business Benefit: OpenEnvoy helps companies reduce the need for clerical staff by automating manual AP processes, allowing them to repurpose their workforce for higher-value tasks.
Case Study – Raney’s (Autoparts/Distribution, Capitala Group Portfolio): Raney’s, an e-commerce leader in heavy-duty truck parts, faced mounting transaction volumes as it grew through acquisitions. Without AI-driven automation, the AP team would have needed to triple or quadruple in size. Instead, with OpenEnvoy, Raney’s maintained a lean team while efficiently processing thousands of transactions. The company achieved 100% AP automation through OpenEnvoy, eliminating manual processes.
Without OpenEnvoy, we would have needed three to four times the current AP staff. Instead, we avoided additional headcount and repurposed our team to strategic roles."
Van Truman
VP Finance
Raney's
2. Rapid Cost Savings and EBITDA Impact
Message: OpenEnvoy enables companies to achieve rapid cost reductions and boosts in EBITDA by blocking overbillings, automating manual tasks, and minimizing errors.
Case Study – Kymera International (Specialty Materials, Palladium Equity Partners Portfolio):
Kymera International, a specialty materials manufacturer, needed to enhance profitability while managing complex transactions across multiple acquisitions. OpenEnvoy’s AI-first technology allowed Kymera to reduce overbillings and streamline AP processes, leading to significant cost savings. In just a few months, Kymera saw a direct improvement in EBITDA, driven by faster invoice processing, reduced manual intervention, and greater control over spend, which was critical in scaling operations across newly acquired entities.
We expect a 3% boost in EBITDA this year using OpenEnvoy."
Gabor Szentivanyi
CIO
Kymera International
3. Fraud Elimination
Message: OpenEnvoy’s AI-driven fraud detection capabilities protect companies by identifying and eliminating fraudulent invoices in real-time.
Case Study – Kymera International:
With thousands of transactions flowing through its AP department, Kymera relied on OpenEnvoy to detect thousands of fraudulent invoices before they could impact the company’s bottom line. By flagging suspicious activities early, Kymera eliminated potential costs and enhanced its financial controls.
Duplicate invoices, fraudulent invoices—OpenEnvoy flags them immediately, giving us complete control over the process."
Gabor Szentivanyi
CIO
Kymera International
Case Study – Sensience (Consumer Electronics, SFW Capital Partners Portfolio): Through OpenEnvoy’s detailed spend analytics, Sensience is negotiating better terms with its key suppliers and optimizing cash flow. Automation is about preparation and process, ensuring that companies manage cash flow and have control over vendor payments rather than merely expediting payments without oversight.
5. Better Vendor Negotiations
Message: OpenEnvoy’s AI-powered spend analysis offers valuable insights that allow companies to negotiate better terms with suppliers, leading to significant cost savings.
Case Study – Sensience (Consumer Electronics, SFW Capital Partners Portfolio): Through OpenEnvoy’s detailed spend analytics, Sensience is negotiating better terms with its key suppliers and optimizing cash flow. The company quickly realized the value of automation is in preparation and process—ensuring full control over vendor payments and managing cash flow effectively. Rather than simply speeding up payments, Sensience now has the oversight to make informed decisions and strategically manage its vendor relationships.
Why do we want to automate payments to our vendors faster? I’ve been educated—it’s about getting all the steps done upfront. It’s not about money flying out of the company."
Julie Bays
Business Systems Leader
Sensience
6. Quick Onboarding and Seamless Integration
Message: OpenEnvoy offers quick, seamless onboarding that requires minimal IT support. Its plug-and-play integration allows companies to experience immediate value without disruption.
Case Study – Kymera International: Kymera’s rapid expansion through acquisitions created challenges with integrating various ERP systems. OpenEnvoy’s plug-and-play functionality allowed Kymera to automate AP across all entities, reducing onboarding time and eliminating costly delays.
We were fully operational with OpenEnvoy within three months, thanks to its quick AI-first integration process."
Gabor Szentivanyi
CIO
Kymera
Why PE-Backed Manufacturers Trust OpenEnvoy
PE-backed manufacturing companies must navigate immense pressure to deliver fast results—whether it’s boosting EBITDA, cutting costs, or scaling efficiently through acquisitions. OpenEnvoy’s AI-first AP automation solution provides the flexibility and power needed to meet these demands head-on. With proven results in fraud prevention, headcount optimization, cost savings, and accelerated time to value, OpenEnvoy is the trusted partner for PE-backed companies looking to maximize operational efficiency.
Learn how OpenEnvoy can help your company reduce costs, eliminate fraud, and scale efficiently. Talk to us today and see how Autonomous AP can transform your company.
