Future FinOps

Automation September 28, 2023

Cybersecurity Companies Don’t Catch All Fraud (Hint: Check Your AP Processes)

You cannot rely on your accounting team as the first line of defense regarding fraud. The truth is that AP teams have limited resources, including the inability to exami ...
AI / ML September 21, 2023

How AI Eliminates Cash Leakage for Treasury Teams

Cash leakage is one of the most significant challenges facing treasury teams today. It refers to the loss of cash due to errors or inefficiencies in financial processes. ...
AI / ML September 14, 2023

Why Finance Should Be the First AI Implementation in Your Organization

Artificial intelligence (AI) has become an essential part of modern business and digital transformation initiatives because it is revolutionizing the way we work, intera ...
Extraction September 07, 2023

Say Goodbye to OCR and Human Input: Automated Data Extraction for Financial Documents

The extraction of data from invoices and other financial documents has long been a tedious and error-prone process, requiring the use of optical character recognition (O ...
Accounts Payable August 22, 2023

Where’s the AI? What to Look for in an AP Automation Solution

Finance departments are severely overburdened with manual and mundane tasks, increasing the risk of human error and decreasing the chance of capturing potential savings. ...
Accounts Payable July 27, 2023

Finance’s Manual Automation Oxymoron: All AP Systems are Not Created Equal

In the realm of finance, there is no denying that numerous processes are bogged down by tedious, repetitive tasks like data entry and report generation. However, it's ab ...
AI / ML November 09, 2022

OpenEnvoy Celebrates Its 2nd Birthday 

Two Years of Leading AP Automation  OpenEnvoy launched two years ago with the mission to raise the bar for what finance teams can expect from AP automation softw ...
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 ...
AI / ML October 17, 2022

5 Considerations Finance Leaders Can Use To Build A Next-Gen Finance Function

As macro-concerns, inflation, and rising interest rates continue to dominate boardroom conversations, the pressure is on for business leaders to deliver big results desp ...
Auditing 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 ...