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
Eliminate partial payments chaos
Partial payments add to complexity and disrupt cash flow

Streamline your finances by eliminating overpayments, automating tasks like accruals and PO closure, and optimizing payment timing to keep more cash on hand. For drop ship customers, ensure seamless cash flow by automatically matching accounts payable with accounts receivable.

Favored customer status
Unravel complexity of Bill of Materials (BOM)
Matching complex BOMs with invoices slows down AP processing and risks errors.

Automate invoice data capture and match it against BOMs to streamline AP processes, eliminate errors, and ensure accurate pricing based on real-time fluctuations. This translates to faster invoice processing, improved cash flow, and stronger supplier relationships.

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

Frame 1984078152
APAutomation_HighPerformer_HighPerformer 1
high_performer_fall_1 1
APAutomation_HighPerformer_Americas_HighPerformer 1
high_performer_americas_1 1
OE_Gartner-2023 1
OE_Gartner-2022 1
OE_Gartner-2021 1
OE_Future 5 1
This is dummy tag to avoid &ndps;. Please do not remove this.
This is dummy tag to avoid &ndps;. Please do not remove this.
APAutomation_HighPerformer_HighPerformer 1
high_performer_fall_1 1
APAutomation_HighPerformer_Americas_HighPerformer 1
high_performer_americas_1 1
Digital capture
100%
Invoice processing (seconds)
<2
Savings
9%
RESOURCES

Keep up with the latest
manufacturing
trends & insights

Read about
Transform AP one pager_featured (1)
APAug 06, 2024

Transform AP. Let AI Do the Heavy Lifting.

Read about Efficiency Unleashed: Raney’s Accelerated Path to 100% AP Automation
Efficiency Unleashed: Raney’s Accelerated Path to 100% AP Automation
AP Automation January 26, 2024

Efficiency Unleashed: Raney’s Accelerated Path to 100% AP Automation

Read about Scoular Uses Real-Time Tech to Identify $2M in Duplicate Invoices
Scoular Uses Real-Time Tech to Identify $2M in Duplicate Invoices
AP Automation May 26, 2023

Scoular Uses Real-Time Tech to Identify $2M in Duplicate Invoices

Serious about protecting your cashflow?

visual