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OpenEnvoy

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18 reviews
  • 1 profiles
  • 4 categories
Average star rating
4.6
Serving customers since
2020
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OpenEnvoy Reviews

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Amy L.
AL
Amy L.
11/15/2023
Validated Reviewer
Verified Current User
Review source: Organic

Useful for Organizing and Processing AP invoices

Open Envoy has saved a lot of time in our AP reconciliation process. By being able to automatically match a lot of invoices from the get go, Open Envoy allows us to focus only on those invoices which require additional attention. The AI technology has made it easier for us to identify where discrepencies are coming from, which originally took a lot of time to search for manually.
NM
Nayantara M.
11/02/2023
Validated Reviewer
Review source: Organic

Great technology that can solve complex use cases

The platform has multiple features and is easy to use. The customer support is great which helps in easening implementation and integration.
Verified User in Food & Beverages
UF
Verified User in Food & Beverages
08/10/2023
Validated Reviewer
Review source: G2 invite
Incentivized Review

Ideal Audit Tool for Business Payments

Best quality assurance software tool in the market today. Can easily detect payment errors between invoices, BOQs and Contracts. Helps in better and seamless process in payments in an organization. The payment team has become very responsive with the introduction of OpenEnvoy - less erros and saves lot of time.

About

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HQ Location:
San Mateo, US

Social

@openenvoy

What is OpenEnvoy?

OpenEnvoy pioneered Autonomous Finance to verify money before it moves. The platform sets the standard for accuracy across enterprise AI for AP, AR, payments, and finance operations. OpenEnvoy verifies every invoice line against bills of materials, purchase orders, contracts, rate cards, and live commodity and tariff data before payment. Our AI is built in-house and runs on your cloud. Your invoice and supplier data stay in your environment. Five years in production. 99.7% capture accuracy. $30B in AP processed annually. More than $3.2B in duplicate invoices and overbillings caught for customers. 100% customer retention since launch. Pre-built integrations with every major ERP, including Oracle, SAP, Microsoft Dynamics 365, Sage Intacct, Workday, Acumatica, NetSuite, Epicor, and QuickBooks Online. Most enterprises go live in under 60 days with same-year payback and 8x ROI in the first year. Recognized by Gartner as a Cool Vendor in Sourcing and Procurement Technology. Named in the Gartner Hype Cycle for Procurement and Sourcing for four consecutive years.

Details

Year Founded
2020
Website
openenvoy.com