See OpenEnvoy's AI in action. This overview showcases how the OpenEnvoy platform automates the accounts payable process, from invoice data capture to payment approval.
π 0:05 - 0:47 β Introduction to OpenEnvoyβs AP Automation
AI-powered AP automation captures, codes, and matches invoices without human intervention.
No templates or setups requiredβAP teams focus only on conflicts.
π 0:47 - 1:20 β Invoice Data Capture & GL Coding
AI extracts line-item details, descriptions, and GL codes automatically.
Works across various invoice formats without manual input.
π 1:20 - 1:51 β Three-Way Matching (Invoice, Receipt, PO)
AI identifies discrepancies between invoices, receipts, and purchase orders.
Overbilling, mismatches, and missing documentation flagged instantly.
π 1:51 - 2:21 β Conflict Detection & Exception Handling
AP team sees exact discrepancies surfaced automatically.
Disputes can be resolved instantly with vendors.
π 2:21 - 2:53 β Audit-Ready Invoice Processing
Original source documents are always available for review.
Users can click and inspect flagged discrepancies in detail.
π 2:53 - 3:31 β Multi-Way Matching (Beyond 3-Way Match)
Expands matching to additional supporting documents.
AP automation integrates with ERP, parts catalogs, and contracts.
π 3:31 - 4:02 β Advanced Matching with External Data Sources
AI pulls real-time catalog pricing & shipping contracts into invoice matching.
Identifies better pricing options and non-compliant charges.
π 4:02 - 4:37 β Spotting Overcharges & Enforcing Supplier Contracts
AI flags cost discrepancies, contract violations, and pricing mismatches.
Ensures invoices align with agreed terms before payments are made.
π 4:37 - 5:10 β Pre-Auditing Every Invoice to Prevent Overpayments
AI checks every invoice line before payments go out.
Prevents unnecessary spend instead of recovering it later.