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OpenEnvoy has been instrumental in solving key business problems for its users. With the software, users have been able to streamline …
Overview
What is OpenEnvoy?
OpenEnvoy is a that audits every invoice, line item, and surcharge before it is paid. The solution aims to help companies eliminate supplier fraud before it actually happens. It was built by a team with over 20 years experience developing…
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What is OpenEnvoy?
OpenEnvoy is a that audits every invoice, line item, and surcharge before it is paid. The solution aims to help companies eliminate supplier fraud before it actually happens. It was built by a team with over 20 years experience developing products to automate complex workflows and recover billions…
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- No setup fee
For the latest information on pricing, visithttps://openenvoy.com/pricing
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- Premium Consulting/Integration Services
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Product Details
- About
- Competitors
- Tech Details
- Downloadables
What is OpenEnvoy?
OpenEnvoy is a that audits every invoice, line item, and surcharge before it is paid. The solution aims to help companies eliminate supplier fraud before it actually happens. It was built by a team with over 20 years experience developing products to automate complex workflows and recover billions of dollars in wasted spend.
OpenEnvoy Features
- Supported: Invoices matched against purchase orders, quotes, or contracts
- Supported: Automated process, no interpretation needed
- Supported: Supplier Spotlight provides scorecards on every supplier
- Supported: Real-time visibility so you can dispute immediately
- Supported: No code integration; it plugs into any system
- Supported: Notifications alert you to things needing attention
- Supported: Dashboard provides easy and fast access to results
OpenEnvoy Screenshots
OpenEnvoy Competitors
- Coupa
- Intelligent Audit
- ConData
OpenEnvoy Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
OpenEnvoy Downloadables
OpenEnvoy Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 25% |
| Mid-Size Companies (51-500 employees) | 25% |
| Enterprises (more than 500 employees) | 50% |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
OpenEnvoy has been instrumental in solving key business problems for its users. With the software, users have been able to streamline their AP reconciliation process, resulting in faster and more accurate entry. By eliminating the need for manual data entry of bills, OpenEnvoy saves users valuable time and reduces the risk of human errors.
One of the major benefits of using OpenEnvoy is its ability to connect to the financial system, allowing users to gather freight estimates, compare invoices against rates, and automate the payment process. This not only speeds up the reconciliation process but also ensures that invoices are accurately matched and paid on time.
Another valuable feature of OpenEnvoy is its capability to flag invoices for manual review if they exceed the matching tolerance or mark them for disputes. This helps users identify potential discrepancies or billing errors, enabling them to address these issues promptly.
The built-in BI dashboard in OpenEnvoy provides users with valuable insights into their AP reconciliation process. While there is room for improvement in this aspect, users have found the dashboard to be a useful tool for analyzing data and identifying trends.
By automating manual tasks such as data entry, OpenEnvoy allows users to reallocate their team resources from mundane activities to more sophisticated reconciliation and technical projects. This not only improves overall efficiency but also enhances job satisfaction by enabling staff members to focus on more critical and impactful tasks.
Overall, OpenEnvoy has successfully addressed common challenges faced by businesses in their AP reconciliation process. Users have praised its ability to streamline operations, improve accuracy, and provide valuable insights. With its automation capabilities and efficient features, OpenEnvoy has enabled businesses to concentrate on addressing issues rather than performing redundant tasks.
Efficient and Effective Automation: Multiple users have praised OpenEnvoy for greatly reducing the time spent on entering and reconciling bills. They have found the software to be efficient and effective in automating manual processes, allowing them to handle a large volume of bills more quickly and accurately.
Responsive and Customizable Support: Reviewers appreciate the responsiveness and customization offered by the OpenEnvoy team. Customers have mentioned that the support team is attentive to their needs and requirements, providing high-quality support and service.
Proactive Issue Resolution: Users have highlighted the hands-on approach of the OpenEnvoy team with a quick turnaround time. They are pleased with how proactive the team is in addressing issues and making improvements, ensuring availability and support across different time zones.
Long Implementation Process: Some users have experienced a longer-than-expected implementation process with OpenEnvoy, which has been a negative aspect for them.
Basic File Filtering Capability: Users have mentioned that the file filtering capability in OpenEnvoy is very basic and requires the creation of numerous tags to filter files effectively.
Missing Freight-related Standard Fields: According to some users, there are several freight-related standard fields missing from the filters in OpenEnvoy, indicating a need for improvement in this area.