AP Automation October 19, 2022

OpenEnvoy Named Spend Matters Future 5 Provider

Spend Matters recently named OpenEnvoy the most impressive AP automation vendor on their Future 5 providers list.  This news comes in addition to the announcemen ...
AP Automation October 12, 2022

Identify These 5 Invoices Errors in Minutes with Automated Freight Audit Technology

Accounting teams have a lot on their plates, particularly those who oversee the finances of transportation and logistics.  Shipping is a complex practice with ma ...
AP Automation October 10, 2022

Bye-Bye Invoice Barcodes and Scanning: The Top 3 Benefits of Touchless AP

In 2022, we know that teams work most effectively in highly collaborative, engaging environments with clear goals and the tools to execute –which rings true for both i ...
AP Automation October 04, 2022

3 Reasons Why Your Accountants Need Greater Data Visibility

The quote, "You can't manage what you can't measure," is often shared amongst business leaders, and while that is undoubtedly true, what if you can't ...
AP Automation September 26, 2022

4 Sneaky Invoice Errors Your Accounts Payable Team Can Catch With AI

What safeguards does your finance team have to prevent paying accidental and fraudulent vendor overcharges?  While most finance leaders will say they have a comb ...
AP Automation September 21, 2022

CFOs Benefit from Out-of-the Box Solutions for Accounts Payable Inefficiencies

https://youtu.be/PWJ7dV4dcbY For an organization to function efficiently, receiving, reconciling, and remitting payments is critical for operational continuity. But ...
AP Automation September 07, 2022

Gartner names OpenEnvoy Leading AP Real-time Auditing Vendor Two Years in a Row

The economy continues pushing organizations to have leaner, more agile operating models. Because of this, finance teams are being forced to achieve more with less, and G ...
AP Automation August 22, 2022

Accounts Payable Transformation: Building a 3-step Digital Roadmap

Thanks to machine learning and artificial intelligence, finance leaders can streamline processes like invoice capture, reconciliation, and paymen ...
AP Automation August 16, 2022

Expert Advice for Navigating the Recession: 5 Hot Tips to Beat Inflation and Protect Cash Flow

As a growing number of financial institutions sound off warnings that an economic downturn is approaching, worries are mounting for both businesses and consumers. As a r ...
AP Automation August 08, 2022

Beyond Digitized Invoices: 5 Best Practices AP Teams Need to Succeed in 2022

Most finance executives have recently focused on improving their accounts payable (AP) processes. With new accounting solutions hitting the market every year, it's like ...
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 import ...
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 manu ...
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 and continue to ...
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 guard cash fl ...
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 opera ...
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 sampl ...
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 rol ...
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 payabl ...
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 financ ...
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, t ...
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 whi ...
AP Automation January 26, 2022

Gartner Names OpenEnvoy a Leading Vendor 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 that accounts p ...
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 accou ...
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 s ...
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. ...
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 softwar ...
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 consequenc ...
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. FA ...
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 reprioritization is necessary: less time needs ...
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 goa ...
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 ...
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 incredibly valuable. But, skimping on e ...
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 the benefits? Acc ...
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 beg ...

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