Overview
What is OpenEnvoy?
OpenEnvoy is a purpose-built AI platform for finance transformation, streamlining payables, receivables, contracts, and reconciliations. It seamlessly integrates with existing systems without requiring custom development or AI expertise, ensuring continuous innovation and efficiency.
Why Use OpenEnvoy?
OpenEnvoy excels by:
- Streamlining Finance Processes: OpenEnvoy automates the AP process, providing real-time audit and maximizing efficiency and cash flow.
- Touchless Processing: It eliminates manual keying, coding, and reconciliation for a “”touchless”” process, freeing up the finance team for higher-value work.
- Revolutionary Accuracy: OpenEnvoy uses AI to audit line-level invoices against price lists, contracts, and other records to spot conflicts and eliminate losses.
- Full Control Over Cash: It provides instant reconciliation and rapid approvals, ensuring accurate customer invoices and accelerating cash conversion.
Who is OpenEnvoy For?
OpenEnvoy caters to various industries:
- Manufacturing: Achieve massive cost savings with touchless processing of all invoices at scale with 99% accuracy.
- Retail: Improve cash flow by correcting receivables in advance and eliminating overpayments.
- Supply Chain & Logistics: Remove friction from shipments and accelerate transactions with automated processing of large volumes of invoices and complex freight reconciliation in real-time.
- Media & Advertising: Eliminate overpayments and reduce reliance on and strain on media operations teams.
In conclusion, OpenEnvoy is a valuable tool for finance professionals seeking to streamline processes, improve accuracy, and maximize cash flow. Its AI-powered automation and real-time audit capabilities make it an ideal solution for various industries.
