AP Automation August 08, 2022

Here’s Why Accounts Payable Accuracy is Nearly Impossible Without Fintech

Many accounts payable teams are familiar with the practice of spot-checking invoices against baseline documents. This practice is similar to when you skim over an ...
Thought Leadership August 01, 2022

CFO Report: The transformation of the CFO with Duke Heninger

In the past five years, business executives have been asked to apply their leadership, ingenuity, skills, and experience in unprecedented ways. Business has become increasingly ...
Thought Leadership July 20, 2022

Get to Know Your Customers Day: The Importance of Customer Success

Customers are the driving force behind our company, which is why Get to Know Your Customers Day is so important to us! Although we work ...
AP Automation July 18, 2022

Finance Team of 5 Saves 500 hours per Month With OpenEnvoy

From time spent digging for missing documents and rectifying errors to manual reconciliation of invoices, there can be an overwhelming amount of manual work for the accounting team without the ...
AP Automation July 11, 2022

Understimulated and Overworked: How to Save Your AP Team from Burnout and Increase Engagement

Much has changed for employees over the past two years; this includes accounting and finance teams who helped keep their companies afloat during a crisis ...
Thought Leadership July 06, 2022

Save Money. Invest in RevOps.

I am nearing the end of my first year here at OpenEnvoy, a company providing the market with a focused AP automation solution featuring extraction ...
Thought Leadership July 05, 2022

The CFOs Struggle for Talent: How you May Be in Your Own Way

CFOs play an integral role in the organization that extends far beyond the function, including hiring and retention. Today's workforce is unlike one we've ever ...
Thought Leadership June 29, 2022

CFO Report: Minimizing Cost and Staying Ahead of Inflation with Douglas Roof

Inflation, labor shortages and financial concerns are at the top of the list of things that keep CFOs up at night. by Grant Thornton reveals a continual decline in optimism ...
AP Automation June 16, 2022

OpenEnvoy Customer Captures 32x ROI in 3 Months

Inflation is a top concern for organizations in 2022. To remain agile in uncertainty, CFOs and finance leaders must ensure they stay operationally lean and ...
Thought Leadership June 13, 2022

The Adventurers of Accounting: 5 Ways Accountants Are Leading Finance Transformation

Accounting has quickly shifted into a new era leaving behind the days of seemingly endless numbers and analog strategies. In the past decade, digital tools ...
Thought Leadership June 08, 2022

IT & Finance & a New Tech Vendor, Oh My! 5 Tips On Integrating Digital Tools.

The value of digital tools in the modern finance landscape is undeniable. Digital finance tools act as beacons of transparency that promote collaboration and unlock ...
AP Automation June 03, 2022

Invoice Dispute Management: Is your AP team failing to fight against overpayments?

The business-vendor relationship is an important yet challenging one. After all, it serves as a central nexus between an organization's finances and its ability to operate, but a common problem ...
Women in Finance May 31, 2022

CFO Report: Discover the Power of Using Your Voice With Melissa Miller

C-suite executives look to finance and accounting teams for guidance on business decisions that impact the enterprise. However, for professionals looking to ascend the ranks ...
AP Automation May 18, 2022

OpenEnvoy Finds That Businesses Risk Losing Millions to Duplicate Invoices

A recent OpenEnvoy study found that nearly 10% of all vendor invoices are duplicates. The study examined vendor billing over 12 months across a sample ...
Thought Leadership May 13, 2022

The AP Automation Vendor you Should Think Twice About

Technology plays an integral role in modernizing accounting processes and streamlining an increasingly complicated operational landscape. Tools like automation are essential for achieving scalability and ...
AP Automation May 09, 2022

4 Ugly Truths About Your AP Function that Spend Data Can Uncover

In the world of accounting, efficiency and accuracy is everything. The ability to scale and execute finance tasks defines an organization's agility and plays a major role in how well-positioned ...
Customer Success May 04, 2022

Customer Success is the Key to Your AP Automation Journey | Webinar Recap

As companies progressively automate their AP processes, they begin to see notable benefits in terms of the time and money they save. This is because ...
Thought Leadership April 27, 2022

CFO Report: The Importance of Mentorship in Finance with Lory Blowers

For women, a career in finance or accountancy can be influenced by the disproportionate number of male finance executives versus women in finance leadership roles. ...
AP Automation April 18, 2022

3 Reasons Why Your Finance Team Needs Spend Visibility

To successfully navigate increasingly complex and challenging business problems, finance leaders must precisely track, monitor, and control financial transactions. End-to-end spend visibility is necessary for ...
AP Automation April 13, 2022

Save Billions & Eliminate Fraud in Accounts Payable Processes | Webinar Recap

In a recent webinar, Matthew Tillman, CEO of OpenEnvoy, and Jose Sorondo, Director of Global Financial Shared Services at Lululemon, connected to discuss accounts payable fraud.  According to the latest ...
Thought Leadership April 11, 2022

Pricing & People: The Keys to Growth in 2022

Finance executives are challenged by the implications of talent shortages, inflation, operationalizing ESG plans, digitizing processes, and driving overall business growth. As inflation surges and ...
Freight Audit April 06, 2022

The 3 Key Ways to Manage Freight Costs in 2022 & Beyond

The recent pandemic emphasized the importance of agility and interconnectedness amongst global supply chains. While technology has transformed business over the past two decades, the ...
Thought Leadership March 31, 2022

OpenEnvoy is Driving Inclusivity and Equality for Women in Tech

In recognition of women’s history month, we connected with our very own Samantha Moran, Head of Customer Success at OpenEnvoy to learn about the importance ...
Thought Leadership March 30, 2022

CFO Report: Driving Gender Inclusivity in Finance with Mara Garcia

Many female finance professionals experience a lack of gender diversity in the workplace. According to Oliver Wyman analysis, on average executive teams are 20% women, with only 17% of finance ...
AP Automation March 17, 2022

Better Together: OpenEnvoy | Finexio

Your accounting department is one of the most integral business units in the strategic planning process. Leading businesses know the importance of involving their finance ...
AP Automation March 10, 2022

How Winning AP Teams Drive Remote Productivity

As finance leaders navigate remote work environments, they must maintain their competitive edge in fast-changing industries. For finance functions, this means developing strong controllership and ...
AP Automation March 04, 2022

The 4 Attributes of Top-Performing Financial Controllers

As the roles of finance executives grow more demanding, so do the expectations of corporate controllers. Controllers must prepare the finance function for the future ...
Finance March 04, 2022

Internal Adoption Is the Key to Maximizing Your Digital Investments

Digital innovations have enabled corporations to scale to levels that were once unimaginable. Despite the residual uncertainties from the global pandemic, one thing we are sure of is that digitized ...
Finance March 02, 2022

Tackling the Finance Function’s Top Digital Challenges

Digital transformation has quickly become a hot topic for companies across the board. With a need to stay relevant and agile for the future, many ...
Thought Leadership February 28, 2022

CFO Report: Hiring and Retaining Talent with Robert Matitia

The great resignation is weighing heavily on companies, and CFOs must help their businesses adapt to disruption once again. According to the U.S. Department of ...
Finance February 24, 2022

The Key to Unlocking Working Capital

Organizations have been deeply affected over the past two years, and business leaders must stabilize their supply networks to improve customer satisfaction. Executives are battling ...
Engineering February 22, 2022

Tips to Stay Safe From Log4j Exploit

Logging is essential to any software application. In its simplicity, log is a file that tracks all the happenings within an app. This helps application developers understand and trace how ...
Finance February 11, 2022

The Five Hats of a Modern CFO

CFOs play a fundamental role within the organization as they are tasked with duties that support all business units and drive enterprise value. They are ...
Finance February 11, 2022

What’s Shaping the Future of Work for Accountants

From the widespread adoption of artificial intelligence, organizational restructuring, and remote work environments, the workforce as we once knew it has been forever changed by ...
Finance February 09, 2022

How Finance Leaders Can Manage Margin Pressures

From production delays to escalating commodity prices, businesses are experiencing a reduction in revenues and the dampening of earnings in a number of sectors. As ...
Finance February 04, 2022

Analysts Report $1.3 Trillion Is Trapped In Working Capital

Effective cash management practices, including increased liquidity and cash on hand, helped organizations ease the blow of market volatility during the pandemic. Although businesses are looking ahead now, many are ...
Finance February 02, 2022

4 Key Considerations for CFOs in the Manufacturing Industry

Through recent market volatility and supply chain disruption, CFOs in the manufacturing industry must work diligently to drive growth alongside putting controls in place to ...
Thought Leadership January 28, 2022

CFO Report: Driving Enterprise Growth Through Accounting with Michael Schmit

For this month’s CFO report, we connected with Michael Schmit, CAO and Corporate Controller at Schweitzer-Mauduit International Inc. (SWM). SWM is a multinational, publicly traded, ...
Design January 27, 2022

The First 90 Days as an Early Stage Startup Designer

I recently started as a Product Designer at OpenEnvoy. Here at OpenEnvoy we enable finance teams of all sizes with visibility, automation, and cash flow ...
Thought Leadership January 26, 2022

5 Steps for Enterprise Wide Optimization

As businesses emerge from the volatility of the past two years, CFOs are tasked to come up with inventive ways to balance cost-efficiencies and digital investments.   Undoubtedly, CFOs are the ...
AP Automation January 26, 2022

Gartner Names OpenEnvoy 1 of the 8 Leading Vendors for AP Invoice Automation

According to the 2021 AFP Payments Fraud and Control Survey nearly 75% of organizations were targets of payments fraud in 2020. The survey also concluded ...
Finance January 20, 2022

3 Keys to Innovating Finance in Media & Entertainment

The role of the CFO in media and entertainment (M&E) has traditionally been looked to for directing organizational spending and finding ways to reduce overhead. ...
Finance January 13, 2022

3 Ways Finance Can Manage Compliance & Mitigate Audit Risk

From market volatility to accelerated digital transformation and the development of remote environments, many conditions are shaping the future of work. These conditions make managing ...
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 the CFO (chief financial officer) ...
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 vendors 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 ...
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 teams of all sizes are ...
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 vendor relationships. Manual systems slow payments coming into accounts receivable and backlog invoices leaving accounts payable. This ...
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 processes makes accurate tracking unachievable. ...
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 ...
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 Harvard Business Review, 52% of ...
AP Automation November 19, 2021

How Early Payments Can Help You Gain Significant Savings

There are many reasons an AP department may pay their vendors 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 ...
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 and financial guidance. The CEO ...
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 ...
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 programs bring in significant cost ...
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 ...
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. Inconsistencies are commonplace⁠—especially in workflows ...
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 ...
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 operational efficiencies as well as ...
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 vendor 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. ...
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 a “glorified bookkeeper.” Then a ...
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 Vendor Invoices

The right freight invoice auditing process is critical if you want to control high shipping costs. Are you ready to avoid vendor 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 ...
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, the most rewarding part of ...
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 vendors, 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 ...
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 startup Hyperscience, sees the ubiquitous ...
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 ...

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