Thought Leadership January 11, 2022

CFO and CSCO: A Strategic Partnership for Stronger Supply Chains

Since the pandemic businesses have been looking to overcome increasing market volatility and reduce the complexity of their supply chains. Developing a strong alliance between ...
Finance January 11, 2022

The Race Towards Digital Transformation in Finance

Most professionals agree that the world has entered a new era of business—one characterized by increased digitization and the use of information technology as a ...
Freight Audit January 07, 2022

The FMC Audit Program and Its Impact on Shipping

Supply chain disruption negatively impacts relationships with suppliers and makes maintaining customer loyalty difficult. For shippers, the supply chain disruptions could cause financial ruin. In ...
Finance January 06, 2022

The Danger of Duplicate Spend for AP Teams

Payment for duplicate invoices is harmful to working capital, and the occurrence of receiving duplicate invoices is far more common than most organizations realize. Research estimates that duplicate payments happen ...
Finance January 04, 2022

5 Trends CFOs Should Watch For in 2022

Successful CFOs act as advisors to the C-suite, and they are entrusted to navigate their company’s financial future. In the 2022 post-pandemic business environment, finance ...
Thought Leadership December 20, 2021

CFO Report: Rethinking Strategic and Operational Planning

As companies attempt to recover from the effects of COVID-19, finance teams are universally struggling to keep up with limited resources for juggling daily tasks ...
Thought Leadership December 16, 2021

Creating a Culture of Cash Excellence

As COVID-19 reshaped business operations globally, many companies saw devastation due to inadequate cash resources. Those who prioritized cash management before the crisis endured the ...
Thought Leadership December 10, 2021

Overcome the 5 Common Payment Pain Points

Payment processes can greatly influence customer satisfaction and supplier relationships. Manual systems slow payments coming into accounts receivable and backlog invoices leaving accounts payable. This inevitably impacts the supply chain ...
AP Automation December 09, 2021

Spend Visibility Enables Agile Decision-Making

The vast majority of companies that use legacy data systems struggle with accessing end-to-end spend visibility. Low-performing technology combined with disjointed accounts payable and receivable ...
Thought Leadership December 06, 2021

How Finance Teams Can Contribute to ESG Strategy

In the past decade, sustainability has transitioned from a company value to a key business strategy, and the commitment to Environmental, Social, and Governance (ESG) ...
Thought Leadership December 02, 2021

The Key Qualities of a Forward Thinking Controller

Accomplishing digital transformation demands an active and consistent effort, and in the finance function that puts a great deal of responsibility on the controller. As ...
AP Automation December 02, 2021

Streamlining Rail Freight Invoices Boosts Profitability

Companies have always sought the quickest, most cost-effective way to ship heavy freight long distances. While technology has evolved the logistics sector, rail has continued to prove itself as the ...
Finance November 22, 2021

CFO Report: How CFOs Drive Analytics

In today's digital economy, data and analytics impact every business unit including product pricing, customer relationships, procurement, supply chain practices, and more. According to the ...
AP Automation November 19, 2021

How Early Payments Can Help You Gain Significant Savings

There are many reasons an AP department may pay their suppliers late: issues matching invoices to goods received, missing information, invoice discrepancies, or the desire ...
AP Automation November 18, 2021

4 Phases to Successful Automation Onboarding

As digital transformation accelerates the business landscape, CFOs and finance teams are looking to improve organizational efficiency and focus on strategic initiatives. According to the ...
Auditing November 09, 2021

What You Didn’t Know About Post-Audit and Second-Audit for Freight Invoices

While auditing freight bills is not a glamorous part of operations, it is— without question—a critical plug to accounting that enables businesses to ensure invoices are drawn out correctly, and ...
Thought Leadership November 05, 2021

The Evolution of the Modern Controller

Advancing the Role of the Financial Controller: From Operator to Strategist Winning organizations expect their finance functions to foster growth and profitability through calculated insights ...
AP Automation November 03, 2021

OpenEnvoy Is Celebrating Its 1st Birthday!

One year ago today, we introduced the world’s first real-time AP automation solution. Since our launch, OpenEnvoy has raised expectations in what AP automation software ...
AP Automation October 29, 2021

Getting GL Codes Right

Cleaning up your general ledger (GL) is critical to creating efficient processes and running a data-driven organization. There are serious consequences to improperly coding the ...
Finance October 28, 2021

3 Steps to Update Your Employee Expense Policy

Is Your Expense Policy Prepared for the Future of Work?  To survive the COVID-19 pandemic, companies that could operate in a remote environment made quick adjustments to send employees home. ...
AP Automation October 18, 2021

Freight Audit and Payment Market: When to Automate and Outsource

The Freight Audit and Payment (FAP) segment has gained substantial relevance recently as businesses wake up to the complicated reality of processing freight invoices. FAP ...
AP Automation October 14, 2021

3-Way Matching: The Process AP Teams Need for Efficiency

Accounting processes vary in complexity, and as the business world requires accuracy and speed, legacy systems aren’t as effective as they once were. Accounts payable ...
AP Automation October 08, 2021

Shifting the Standards of Success for AP Automation

Many CFOs believe that at least 25% of their time is spent improperly on manual tasks. To be a great CFO, it is clear that ...
AP Automation September 14, 2021

AP Automation: The Secret Weapon of the Controller

The controllers of today must be able to hand off the auditing and invoice management tasks in order to make more time for long term planning and goal setting. In ...
Auditing August 23, 2021

Eliminating Invoice Complications With Freight Audit

While the trucking business has little complexity involved within its own operations, the broader industry has no dearth in complications arising from seemingly straightforward processes. ...
Marketing August 13, 2021

Educating Organizations on How to Achieve ROI with AP Automation

Providing ROI is #1. OpenEnvoy is committed to providing an immediate and meaningful cash flow ROI for organizations by automating costly finance workflows that prevent ...
Design August 09, 2021

Design for the Journey at OpenEnvoy

At OpenEnvoy, design literally has a seat at the table. But more importantly, it's valued as a differentiator by both Matt and I as founders. ...
Customer Success July 30, 2021

How We Are Building CS at OE

Customer Success’ Mission: OpenEnvoy's Customer Success team turns our customers into advocates who fuel the continued growth of our company.  Let’s break that down a little. Building a customer base ...
AP Automation July 27, 2021

Harnessing Automation to Thrive as a Modern CFO

The role of the CFO in a post-pandemic world has become more critical than ever. Today’s CFOs are tasked with leading the way for new ...
AP Automation July 07, 2021

4 Invoice Errors Your Team Won't Catch Without AI

What proactive and reactive methods does your company have in place to prevent paying accidental and fraudulent supplier overcharges? Some financial automation systems are able ...
AP Automation June 22, 2021

The Time Saver of the Year for CFOs, Controllers, and AP teams

If you read our previous blog post about how CFOs can save on  time and money spent by finance teams, you know that both are ...
AP Automation May 25, 2021

The Top 6 Things that Automated Auditing Technology Checks For

Invoice auditing that is worthwhile must be more than a quick glance and a sign off when it comes to processing large quantities of money. But, accountants and finance team ...
Women in Finance May 08, 2021

From ’Glorified Bookkeeper’ to Tech Leader: Meet Phonexa CFO Lilit Davtyan

When Lilit Davtyan joined digital marketing network Zero Parallel as the sixth hire, she recalls joking with a colleague that her position was that of ...
Finance April 13, 2021

Time vs. Money: Why Choose When You Can Save Both?

Time is the great equalizer in life. On any given day, no one person has more or less than another. Some choose to spend their ...
AP Automation April 03, 2021

5 Reasons to Automate Auditing of Your Supplier Invoices

The right freight invoice auditing process is critical if you want to control high shipping costs. Are you ready to avoid supplier overcharge and reap ...
Auditing March 29, 2021

Should You Audit Invoices In-house or Outsource?

With 2020 filled with so much volatility, it’s become a necessity to step up the game, get things in order, look for tasks that can be outsourced, and consider hiring ...
Women in Finance March 20, 2021

Finding Your ‘Why’ With Michelle Ferguson, Finance Executive + Mentor

Finance professionals may spend a lot of time crunching numbers. But for Michelle Ferguson, a longtime executive at S&P Global turned mentor for professional women, ...
Finance March 07, 2021

10 Habits of Highly Successful Chief Financial Officers (CFO)

Today, a successful chief financial officer does not only focus on risks and opportunities behind the numbers but acts as a strategic business partner to ...
Logistics March 05, 2021

How to Guard Cash Flow and Get Immediate ROI with OpenEnvoy

For freight brokers and third-party logistics providers, efficiency is king.  Whether in packing a freight truck or tracking invoices, wasted time and resources can quickly ...
AP Automation February 24, 2021

Invoice Reconciliation and the Future of Accounts Payable Automation

As you start scaling your company and finance team, what can you do to improve your accounting processes at a lower cost? Luckily, technology has begun to evolve to tackle ...
Women in Finance February 07, 2021

Finance Director Kristen Malone Finds Her Niche at Hyperscience

Kristen Malone will be the first to admit: She’s a bit of an Excel nerd.  Malone, Director of Financial Planning and Analysis at New York-based ...
Women in Finance January 29, 2021

Ann Bakker: “Finance Has a Seat at Every Table.” How Technology, and Problem Solving Power Finance Careers

As a finance veteran with decades of experience in the field, Ann Bakker has witnessed a host of changes, ranging from improvements in technology to ...
Thought Leadership January 26, 2021

Found Pennies, a $500B+ Opportunity

Twenty years ago there were men on trading floors wearing yellow jackets screaming at one another negotiating a price in real-time. These trades had to ...
Thought Leadership January 13, 2021

The Smart Way to Audit Invoices

It’s time to automate invoice auditing and improve your bottom-line. Controllers, VPs of Finance, and CFOs know there’s money to be protected and saved by reviewing every invoice received, but ...

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