OpenEnvoy 5-minute product overview

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. 

📍 0:05 - 0:47 → Introduction to OpenEnvoy’s AP Automation

• AI-powered AP automation captures, codes, and matches invoices without human intervention.

• No templates or setups required—AP teams focus only on conflicts.

📍 0:47 - 1:20 → Invoice Data Capture & GL Coding

• AI extracts line-item details, descriptions, and GL codes automatically.

• Works across various invoice formats without manual input.

📍 1:20 - 1:51 → Three-Way Matching (Invoice, Receipt, PO)

• AI identifies discrepancies between invoices, receipts, and purchase orders.

• Overbilling, mismatches, and missing documentation flagged instantly.

📍 1:51 - 2:21 → Conflict Detection & Exception Handling

• AP team sees exact discrepancies surfaced automatically.

• Disputes can be resolved instantly with vendors.

📍 2:21 - 2:53 → Audit-Ready Invoice Processing

• Original source documents are always available for review.

• Users can click and inspect flagged discrepancies in detail.

📍 2:53 - 3:31 → Multi-Way Matching (Beyond 3-Way Match)

• Expands matching to additional supporting documents.

• AP automation integrates with ERP, parts catalogs, and contracts.

📍 3:31 - 4:02 → 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.

📍 4:02 - 4:37 → Spotting Overcharges & Enforcing Supplier Contracts

• AI flags cost discrepancies, contract violations, and pricing mismatches.

• Ensures invoices align with agreed terms before payments are made.

📍 4:37 - 5:10 → Pre-Auditing Every Invoice to Prevent Overpayments

• AI checks every invoice line before payments go out.

• Prevents unnecessary spend instead of recovering it later.