# OpenEnvoy

> OpenEnvoy provides AI-powered invoice verification and finance automation for companies with complex spending. Its platform checks invoices against supporting records before payment, automates receivables and cash application, and connects to existing ERP systems. Customers include Scoular, Raney’s Truck Parts, Tinuiti, CMA CGM, and Schreiber Foods.

- **Founded:** 2020
- **Headquarters:** San Mateo, United States
- **Founders:** Matthew Tillman (Co-founder and CEO), Parker Moore (Co-founder and Design)
- **Products:** Autonomous Accounts Payable, Freight Audit, Cash Application, Order Entry, Ask OE
- **Notable:** Raised USD 21.5 million across the disclosed 2021 seed and 2023 Series A rounds., Named a 2023 Gartner Cool Vendor in Sourcing and Procurement Technology, according to its announcement., Raney’s reports full supplier digitization in 60 days and 79% touchless processing in April 2026.

## Products & services

- **Autonomous Accounts Payable** — Captures, codes, matches, and verifies invoices, with exception workflows and ERP posting.
- **Freight Audit** — Checks freight invoices against contracts and rate cards, including variable charges.
- **Cash Application** — Matches incoming bank transactions and remittances to receivables; supports manual exceptions.
- **Order Entry** — Tracks order changes and synchronizes validated records with ERP systems.
- **Ask OE** — Natural-language matching, document correction, and analytics agents.
- **Verified Payments** — US vendor payments by virtual card, ACH, or wire, with approval controls.
- **Implementation and Integration Services** — Scope-priced deployment support for complex finance environments.

## Achievements

- Raised USD 21.5 million across the disclosed 2021 seed and 2023 Series A rounds.
- Named a 2023 Gartner Cool Vendor in Sourcing and Procurement Technology, according to its announcement.
- Raney’s reports full supplier digitization in 60 days and 79% touchless processing in April 2026.
- Scoular case study reports USD 1.948 million in duplicate invoices identified over six months.
- Company homepage reports USD 25 billion-plus in customer payment volume orchestrated; this is a vendor-reported metric.

## Latest updates

- **2026-06** — Launched Ask OE on June 9, with matching, document, and analytics agents.
- **2026-05** — Announced Sage Intacct Marketplace approval on May 19.
- **2026-04** — Updated Raney’s case study reports 87% automation and 79% touchless processing.
- **2025-09** — Announced marketing, sales, and customer-success leadership appointments and Schreiber automation results.

## Links

- Website: https://www.openenvoy.com/
- LinkedIn: https://www.linkedin.com/company/openenvoy
- Twitter/X: https://twitter.com/openenvoy
- GitHub: https://github.com/openenvoy
- Facebook: https://facebook.com/OpenEnvoy/

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Profile page: https://yespress.io/openenvoy
Published by YesPress — https://yespress.io
Last updated: 2026-10-01