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Courtney James
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Customers continue to see the value of consolidating indirect and direct expenses through OpenEnvoy's universal spend reconciliation platform.
Beyond the ability to process basic general AP expenses, accounting managers and finance staff can also generate custom reporting with Spend Insights to monitor and control corporate spend.
Moreover, they can strengthen controls on spend policy...
Basic Expenses
Centralize AP processing for complex and simple expenses.
Basic Expenses supports faster approvals and ensures accurate payments for general AP expenses.
Accounting teams can leverage a range of advanced digitization and extraction capabilities to ensure accuracy before payment or reimbursement
Basic Expenses
Centralize AP processing for complex and simple expenses.
Courtney James
left a comment
Streamlined workflows are paramount to unlocking efficiency and strengthening controls for AP team members. This new product update allows teams to experience a more integrated way of handling approvals.
What finance teams can expect with OpenEnvoy’s Approval Policies:
- Insert as many approvers as required into approval workflows.
- Set value or amount thresholds by approver to create...
Approval Policies
A powerful, user-friendly way to ensure OK-to-Pay compliance
A more direct and efficient method of managing AP team expense approvals and spend controls.
The new Approval Policies feature in OpenEnvoy combines our Approval Chains and Threshold Management solutions to create dynamic approval structures.
The new Approval Policies feature in OpenEnvoy combines our Approval Chains and Threshold Management solutions to create dynamic approval structures.
Approval Policies
A powerful, user-friendly way to ensure OK-to-Pay compliance
Courtney James
left a comment
This product is critical, especially for accounts payable teams who work with many vendors. Having easily accessible and consistent provider information enables faster approvals which allow the AP team to close their books faster
They will also be able to save time and manual effort by uploading new and updating all existing provider records at once.
Provider List Upload
Upload your providers for use in OpenEnvoy in a single click
Consistent and accurate provider information is essential for efficient accounts payable processes. Accounting and finance teams can use OpenEnvoy’s Provider List Upload feature to ensure provider information is aligned between OpenEnvoy and ERP systems.
Provider List Upload
Upload your providers for use in OpenEnvoy in a single click
Courtney James
left a comment
Accounting teams can increase organization as teams can categorize expenses at the line item level of an invoice, making it easier to monitor recurring charges over time.
GL Accounts
Maintain accurate GL coding through the payables processes.
GL Accounts allows AP teams to:
- Use unique GL coding to ensure all data correctly syncs into ERP tools
- Code individual items within a single invoice
- Create rules for GL codes to automate approvals, discrepancy thresholds, & spending limits
- Use unique GL coding to ensure all data correctly syncs into ERP tools
- Code individual items within a single invoice
- Create rules for GL codes to automate approvals, discrepancy thresholds, & spending limits
GL Accounts
Maintain accurate GL coding through the payables processes.
AP teams can automatically detect and assign credit memos to the correct invoices.
Manage credits at the invoice line item level to ensure accuracy.
Single-click apply and exclude credit memos to invoices, updates are automatically rematched & verified.
Credit Memo Management
Control how variable vendor credits are applied to invoices.
OpenEnvoy is the only real-time AP automation software that audits before payment. We eliminate wasted spend. There is no manual entry, OCR, or vendor setup. Teams can expect fully automated approvals, end-to-end visibility, efficiency, & improved cash flow.
OpenEnvoy
SaaS FinTech - Eliminate AP fraud and increase cash flow