Newsroom / Press releases

October 27, 2020

Accounts Payable Fraud, Overcharging, and Inaccuracies Cost Companies Millions Every Year

OAKLAND, Calif., October 27, 2020 ( – Today, OpenEnvoy, a new fintech startup, launched to provide automated invoice auditing to help companies only pay for what they agreed to purchase. According to Gartner, 73% of company invoices go unaudited because it’s considered too expensive. Yet companies can experience a 53% cost savings by performing invoice audits. This is the opportunity that OpenEnvoy identified and why they created their software platform.


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