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.
