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.

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πŸ“ 0:05 - 0:47 β†’ Introduction to OpenEnvoy’s AP Automation

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

  • No templates or setups requiredβ€”AP teams focus only on conflicts.


πŸ“ 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.


πŸ“ 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.


πŸ“ 1:51 - 2:21 β†’ Conflict Detection & Exception Handling

  • AP team sees exact discrepancies surfaced automatically.

  • Disputes can be resolved instantly with vendors.


πŸ“ 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.


πŸ“ 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.


πŸ“ 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.


πŸ“ 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.


πŸ“ 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.