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OpenEnvoy Reviews & Product Details

Verified User in Broadcast Media
EB
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about OpenEnvoy?

OpenEnvoy has near-completely automated what used to be a highly manual process. We get thousands of bills a month that often require manual review and reconciliation - now we can get through everything far more quickly and accurately. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

Initially, there was a pretty steep learning curve as the OE team dug into our specialized processes. However - they were incredible partners and worked through everything with us and we came out the other side better for it. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

We've been able to reallocate team resources away from manual entry and to more sophisticated reconciliation and technical projects. Review collected by and hosted on G2.com.

OpenEnvoy Overview

What is OpenEnvoy?

OpenEnvoy is the Applied AI platform that unifies payables, contracts, receivables, and transactions to free Finance teams from clerical work. OpenEnvoy provides customers with AI that eliminates coding errors, over-billings, and fraud to improve operating efficiency and cash flow without impacting suppliers or IT. With OpenEnvoy, customers have eliminated more than $400M in losses. To learn more about OpenEnvoy, visit www.openenvoy.com and follow us on LinkedIn.

OpenEnvoy Details
Languages Supported
Afrikaans, Arabic, Catalan, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Icelandic, Italian, Japanese, Latvian, Lithuanian, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish, Albanian, Serbian, Swedish, Tagalog, Turkish, Vietnamese, Chinese (Simplified)
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Product Description

Invoice reconciliation for overworked finance teams. OpenEnvoy audits every invoice for duplicate billings, excess charges, and supplier fraud and has audited over $2 billion in spend to-date through automation.


Seller Details
Seller
OpenEnvoy
Year Founded
2020
HQ Location
San Mateo, US
Twitter
@openenvoy
237 Twitter followers
LinkedIn® Page
www.linkedin.com
68 employees on LinkedIn®

Matthew T.
MT
Overview Provided by:

Recent OpenEnvoy Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Awesome Tool"
OE is easy to navigate, and is a great tool for reconciling invoices.
Amy L.
AL
Amy L.Mid-Market (51-1000 emp.)
4.5 out of 5
"Useful for Organizing and Processing AP invoices"
Open Envoy has saved a lot of time in our AP reconciliation process. By being able to automatically match a lot of invoices from the get go, Open E...
NM
Nayantara M.Enterprise (> 1000 emp.)
5.0 out of 5
"Great technology that can solve complex use cases"
The platform has multiple features and is easy to use. The customer support is great which helps in easening implementation and integration.
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OpenEnvoy Media

OpenEnvoy Demo - OpenEnvoy Dashboard
OpenEnvoy uses enterprise-grade AI technology to provide finance teams with complete control over their payment processes. Our AP automation solution eliminates overpayments, controls fraud, and provides total visibility into spend.
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15 out of 16 Total Reviews for OpenEnvoy

4.6 out of 5
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15 out of 16 Total Reviews for OpenEnvoy
4.6 out of 5
15 out of 16 Total Reviews for OpenEnvoy
4.6 out of 5

OpenEnvoy Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for OpenEnvoyQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Amy L.
AL
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

Open Envoy has saved a lot of time in our AP reconciliation process. By being able to automatically match a lot of invoices from the get go, Open Envoy allows us to focus only on those invoices which require additional attention. The AI technology has made it easier for us to identify where discrepencies are coming from, which originally took a lot of time to search for manually. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

There are small hiccups here and there, such as the system incorrectly identifying vendors on several occassions. Additionally, sometimes the invoices are slow to come out of a matching status. However, Open Envoy is quick to help us when we raise any issues to them. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

OpenEnvoy mainly saves our team a lot of time in our AP reconcilation process, helping us pay our bills on time and freeing up our time to work on other items. Review collected by and hosted on G2.com.

FE
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

I love the automated processing of OE. When a job seemlessly is approved and synced through OE it's wonderful. In addition, when OE accurately applies GL codes and reads all the invoices' little notations accurately it makes the whole billing process a lot smoother ! The filters also make it very easy to sort through jobs. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

There have been quite a few errors. Including OE having billed some of the jobs incorrectly, mislabelling GL codes, not recognizing that an item is on back order ( and listed as such on the invoice), not applied freight/dropship charges. I could go on. But the OE team is continuing to help work with me on these, so I appreciate that. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

OE is providing automated billing, which creates time that I would otherwise use on that, for other things. In addition, OE has been helpful in bringing errors to my attention in a more efficient manner as well. The dispute feature is a very nice way to keep any problems organized, though I would love to see a more detailed dispute feature. This quick and easy organizing of overbillings, mischarges, errors, etc makes it an over all streamlined way to work through them. Review collected by and hosted on G2.com.

Eric A.
EA
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

Automation and quick insights. OpenEnvoy was essential in offloading many manual tasks within our AP department. As our company continues to grow and expand the number of invoices being processed grows with it, which before automation, required the hiring of more personnel. Now growth involves a small amount of onboarding for each new vendor and we are off to the races with them. We also have the ability to monitor our staff's workload easily and make sure invoices are being appropriately audited. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

The only downside I can really think of is just the initial process of onboarding and training the staff. We had a time investment there and initial learning pains. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

Allocation of staffing to do manual data entry has been a problem since the start of our company. In addition, there was never a crystal clear auditing process or accountability for the audit at least. Now we have eliminated a lot of wasted hours we had before and been able to spend them on jobs that make a real difference to the business. Review collected by and hosted on G2.com.

Matthew Y.
MY
Data Solutions Specialist
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

OpenEnvoy's support team has always been fast to follow up with us on any kind of issue that comes up and always checks back with us on it after it's resolved. Always been a pleasure to work with the OpenEnvoy team.1 Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

I'd like to see more admin control on more aspects of the platform. I will say the OpenEnvoy team has been amazing on working with us to get us the control we need to fully utilize the tools OpenEnvoy provides. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

OpenEnvoy has automated the AP process for our team, streamlining many of our in house processes and gets better and more efficient day by day as we add in even more providers to the workflow. Review collected by and hosted on G2.com.

Verified User in Retail
UR
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

Most helpful is all the information needed is in a convient formant

what I like best is it is user friendly right from the beginning

When changes were made they were significant Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

making more changes.

If I make a mistake there should be easier ways to fix the mistake

For instance if I delete an invoice in error, there should be a way for me to undue it. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

The biggest benefit is enters all the information so I don't have to.

It is also is easy to find an invoice if I am missing one.

OE also tells me what it missing before I even look at the invoice. Review collected by and hosted on G2.com.

NM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about OpenEnvoy?

The platform has multiple features and is easy to use. The customer support is great which helps in easening implementation and integration. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

We haven't seen anything that we have disliked. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

Open Envoy helps us resolve our invoice disputes though their AI, suggesting who is owed how much. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about OpenEnvoy?

Open Envoy is an easy to use tool. The team does a great job showcasing its many features and helping to understand the tools available. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

Not much to complain about. Initial Learning pains were there, but the Open Envoy team did a great job of being available for questions and helping us learn the platform. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

Open Envoy is saving us time with processing invoices. They have alllowed us to remove many steps in the process of verifying accuracy on invoices and submitting payments. Review collected by and hosted on G2.com.

Daniella E.
DE
Senior Consultant
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: Organic
What do you like best about OpenEnvoy?

Everything! The technology is so fast and accurate - I can't imagine using anything else for my AP automation and invoice management. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

nothing! It's a great tool that I wish I discovered earlier. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

By implmenting OpenEnvoy, we've saved thousands of dollars and hours of time! Not only am I more productive, but I am much happier not having to deal with the stress of imputting data in manually, fearing it may be incorrect. Review collected by and hosted on G2.com.

Verified User in Food & Beverages
UF
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about OpenEnvoy?

Best quality assurance software tool in the market today.

Can easily detect payment errors between invoices, BOQs and Contracts.

Helps in better and seamless process in payments in an organization.

The payment team has become very responsive with the introduction of OpenEnvoy - less erros and saves lot of time. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

Filtering capability can be improved further.

Impelementation takes a bit more than anticipated.

Focus can be on the above two areas of filtering capability and faster implementation. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

Saves in reducing error in payments.

Saves in time reduction and human errors are completely avoided.

Automation helps in large bills volumes to be handled with less time and resources. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising
AM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about OpenEnvoy?

OE is easy to navigate, and is a great tool for reconciling invoices. Review collected by and hosted on G2.com.

What do you dislike about OpenEnvoy?

It can be a bit slow sometimes, but a quick refresh usually fixes the issue. Review collected by and hosted on G2.com.

What problems is OpenEnvoy solving and how is that benefiting you?

OE helps sort and match invoices, which saves a lot of time. Review collected by and hosted on G2.com.