OpenEnvoy has obtained a $15 million Series A investment in order to develop its accounts payable (AP) automation solution.
In a press release on May 3, OpenEnvoy stated that their platform uses artificial intelligence (AI) to digitize bills and do reconciliation, eliminating billing errors and the need for interdepartmental approval processes.
With this latest round of investment, OpenEnvoy CEO Matthew Tillman said in a news release, “We’re excited to continue pushing the limits in AI for automation of banking operations. “We’re well positioned to expand our market leadership and development,” the business said.
OpenEnvoy has gotten a $15 million Series A financing in order to grow its AP automation service.
The platform uses artificial intelligence (AI) to digitize bills and do reconciliation, which eliminates invoice errors and the need for cross-departmental approval processes, according to a news release from OpenEnvoy on May 3.
The CEO of OpenEnvoy, Matthew Tillman, reportedly said, “We’re thrilled to keep pushing the limits in AI for automation of financial processes.” We’re well-positioned to maintain our growth and market leadership with the help of this fresh round of investment, according to the company.