OpenEnvoy

Exciting news! Rob Place is now part of OpenEnvoy. In his role, Rob will help companies understand how to use Applied AI to free up time from excess clerical work and reduce costs by preventing fraud, duplicates, and overpayments in Accounts Payable.   We're excited about everything that Rob will contribute to OpenEnvoy and our future customers.

We look forward to meeting you at the Gartner Supply Chain Symposium/XPO next week. Join us in booth 706 to see how you can use OpenEnvoy's Applied AI to get complete spend visibility and start auditing all of your invoices in real time. Only OpenEnvoy provides complete freight audit in hours, not weeks or months. https://lnkd.in/gf8ykYUF #gartnersupplychainsymposium #gartnersupplychain #freight #AI #appliedAI

McKinsey alerts PE managers to take a new look at value creation. https://lnkd.in/eEYMrJj7 After 40 years of investing capital during times of declining interest rates and escalating prices, PE managers face higher cost of debt and lower buyout multiples. Now, PE managers need to focus on operational value creation. The best will align leadership teams with the knowledge and experience to do that well. Firms who succeed can achieve returns two to three percentage points higher than their peers. AI gives portfolio companies new opportunities to control spend and increase efficiency. While Procurement has long been a focus at PE firms, getting visibility into spend, suppliers, and contracts has taken too long. PE backed companies like Raney’s have gotten full visibility, ensured contract compliance, and freed up teams from manual work in just two months. #pe #privateequity #finance #cfo #ap #ai #appliedai

Happy Earth Day! April 22nd is a day for reflection. Much progress has been made in awareness of our impact on the environment since the first Earth Day in 1970. But, there’s so much further that we collectively need to go. Today we think about what each of us can do to reduce our impact. From walking or cycling to work to cutting paper from our businesses, each change matters. Beyond our individual actions to reduce impact, our commitment sends a strong signal. We will thrive together.

Do you know your invoice dispute rate? Many companies don't track this KPI. They send invoices to managers across their companies for approval. Managers approve. It's too much work to match against vendor contracts and rate cards. So they click "approve". If your dispute rate is zero, or near zero, then you're overpaying your suppliers. And you're wasting your managers' time. Up to 50% of supplier invoices have overbilling or duplication issues. Real-time invoice audit uses AI to save time and money. No layoffs required. Find out how OpenEnvoy can help you. #ai #appliedai #cfo #accountspayable #ap

Attending the Gartner CFO & Finance Executive Conference in May? OpenEnvoy CEO Matthew Tillman will take the stage with Gabor Szentivanyi and Henry Tolmay to share how Applied AI can give time back to your Finance team while saving money across everything you buy. Join us in booth 329 to learn more and get a chance for a private virtual tasting with Charbay Master Distiller Marko Karakasevic. #gartnerfinance #cfo #ai #appliedai #ap #apautomation

What would you do with another day in your week? Finance and accounting teams are stretched thin. OpenEnvoy cuts out clerical work with AI. Get full AP automation and audit with zero touch. No systems training or supplier onboarding needed. Join David Sergeant and Tyler Martyniak tomorrow for a live demo to find out more. #accountspayable #ap #AI #appliedAI #finance

How much time have you spent looking for an invoice? Pulling together spend data for a meeting with an important supplier? Sorting out budgets vs. actual spend for a project? OpenEnvoy can help. Just ask a question. Ask OpenEnvoy responds with charts and tables to give the insight you need. All while respecting your company’s data protection policy.

We love hearing from our customers. "OpenEnvoy has near-completely automated what used to be a highly manual process. We get thousands of bills a month that often require manual review and reconciliation - now we can get through everything far more quickly and accurately." Broadcast media customer More reviews on G2 #apautomation #ap #ai #appliedai #finance #customersuccess

🔰 We’re excited to announce that Tripsite.com has selected OpenEnvoy to digitize AP in their growing business. Online travel companies and retailers face outsized complexity in the simple task of managing supplier invoices. Each line item must be validated against contracted rates and even volume based pricing. Growing businesses can get bogged down in clerical work. OpenEnvoy will help Tripsite deliver a touchless AP process using AI. Each vendor invoice will be captured, fully validated, coded, and entered in the GL with zero manual work. Jan VandenHengel and team, we couldn't be happier to support your growth.