Procurement Magazine Top 150 Companies | Page 98

OpenEnvoy
TOP 150 COMPANIES

OpenEnvoy

Founded in 2020
CEO : Matthew Tillman
United States Invoicing & Payments

“ Auditing a single invoice against its supporting evidence , such as contracts and delivery reports , can be a complex task . However , with the right expertise , it ’ s possible to streamline the process ”

OpenEnvoy
asks , ‘ why keep struggling to enable suppliers who resist change ?’. Instead , it works with investments to capture , code and reconcile invoices . Users can effortlessly capture and code all spend including direct , complex categories , tail spend and even spend that P2P does not capture . The firm ’ s AI eliminates coding errors , over-billings and fraud to improve efficiency and cash flow without impacting suppliers or IT . With OpenEnvoy , customers have eliminated more than US $ 400m in losses . 98 procurementmag . com