OpenEnvoy eliminates manual matching and reconciliation delays.
Our AI-powered payment reconciliation software delivers unmatched speed, accuracy, and control across all formats, payment sources, and ERPs.
It is part of our broader suite of cash application solutions for enterprise finance teams.
OpenEnvoy uses AI to match payments to open invoices instantly, even when information is incomplete.
Whether dealing with missing remittance data, partial payments, or unique customer formats, OpenEnvoy delivers precision and speed.
Capabilities:
Processes multiple payment sources including ACH, wire, and lockbox data
Handles complex or inconsistent remittance formats
Supports partial, grouped, and cross-currency payments
OpenEnvoy learns from user behavior and resolves exceptions automatically.
It identifies outliers, flags anomalies, and applies context-based logic to close gaps in real time.
Key benefits:
Detects mismatched amounts or missing remittance data
Suggests corrective matches based on history and transaction behavior
Escalates only unresolved or high-risk exceptions to AR teams
Automated reconciliation closes the loop between invoicing and cash posting.
It reduces unapplied cash, improves working capital visibility, and ensures every transaction is traceable.
Impact:
Real-time visibility into cleared and pending payments
Reduced DSO through faster payment posting
Complete audit traceability across all payment records
Metric
Customer success data
Value delivered
Capabilities
Traditional Automation
95%+ straight-through match rate
Achieved by a Fortune 500 logistics firm
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
$4M+ in unapplied cash cleared
Major industrial client reconciled payments in days
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
3x faster month-end close
AR teams closed ledgers without increasing headcount
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
Metric
Customer success data
Value delivered
Capabilities
Traditional Automation
Real-time reconciliation
Enables better cash forecasting
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
DSO reduction
60% decrease in average collection time
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
Full audit visibility
Every action logged and audit-ready
85% faster invoice intake and zero manual entry.
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
Issue
Problem
Solution
Capabilities
Traditional Automation
Manual matching of payments
Teams rely on spreadsheets and bank statements
AI reconciles across formats, accounts, and customer behaviors
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
Delayed cash application
Slows cash flow and increases unapplied balances
Automated cash application posts payments in real time
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
High operating costs
Staff spends hours on repetitive tasks
Autonomous matching increases productivity and reduces labor costs
Lockbox, BAI2, MT940/942, CAMT.053; multi-currency + multi-entity reconciliation.
Rules-based approvals after posting.
Feature
Manual process
Rule-based tools
OpenEnvoy
Traditional Automation
Payment matching
Spreadsheet or manual review
Static rules and fixed formats
Dynamic AI-driven matching
Rules-based approvals after posting.
Remittance handling
Requires templates or portals
Structured input required
Accepts emails, PDFs, lockboxes, and images
Rules-based approvals after posting.
Exception management
Manually flagged
Rule-triggered actions
Predictive resolution and automated escalation
Rules-based approvals after posting.
Cash flow visibility
Delayed reporting
Siloed dashboards
Live dashboards with unified reconciliation views
Rules-based approvals after posting.
About OpenEnvoy
Works with all payment types and data formats, no templates or rules required
From match to post, all steps are covered
Seamless integration with SAP, Oracle, NetSuite, and other systems
Go live in under 30 days, no IT lift or supplier onboarding
Combines AI-powered reconciliation, exception handling, and audit-ready visibility
Reconcile payments in seconds. Gain real-time visibility across all payment sources.
Improve cash flow accuracy and control with OpenEnvoy.
