• Latest

OpenEnvoy Launches to Address Supplier Fraud

June 19, 2022
KYC & AML: Know your customer and anti-money laundering explained

KYC & AML: Know your customer and anti-money laundering explained

August 7, 2022
New Podcast Episode: Walls of Thieving Cellphones with Nethone

New Podcast: How Consumers React to Identity Theft and Account Takeover Attacks

August 2, 2022
The Best Reverse Email Lookup Tools in 2022 (with pricing)

The Best Reverse Email Lookup Tools in 2022 (with pricing)

July 28, 2022
Tailgating Attack

Tailgating Attack

July 24, 2022
80 billion Euros lost to online fraud across physical and digital goods, and e-ticketing in 2021, reveals Fraugster’s new Payment Intelligence Report  

80 billion Euros lost to online fraud across physical and digital goods, and e-ticketing in 2021, reveals Fraugster’s new Payment Intelligence Report  

July 20, 2022
Influencer Insights: Christian Mangold, CEO of Fraugster Discusses the Payment Intelligence Report 2022

Influencer Insights: Christian Mangold, CEO of Fraugster Discusses the Payment Intelligence Report 2022

July 20, 2022
New Podcast Episode: Walls of Thieving Cellphones with Nethone

New Podcast: Let’s Get Megan a Job! LinkedIn recruiter scams & how to find work in the fraud prevention industry

July 19, 2022
Reverse Email Lookup to Protect Against Fraud

Reverse Email Lookup to Protect Against Fraud

July 18, 2022
Silverfort Raises $65m Series C for World’s First Unified Identity Threat Protection Platform

The Worldwide eCommerce Fraud Detection & Prevention Industry is Expected to Reach $83.9 Billion by 2026

July 15, 2022
The fraud detection and prevention (FDP) market to surpass $100 billion by 2027

Pre-hijacking Account Takeover Fraud

July 14, 2022
VISA Amends Its Dispute Management Guidelines for Merchants

VISA Amends Its Dispute Management Guidelines for Merchants

July 10, 2022
Amazon Chargeback Mitigation: Recover Your Money Like A Pro

Amazon Chargeback Mitigation: Recover Your Money Like A Pro

July 5, 2022
  • Contribute
  • Contact Us
  • About
  • Join Us
  • Advertise
Wednesday, August 10, 2022
Merchant Fraud Journal
  • Home
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Resources
    • Recorded Webinars
    • Podcasts
    • Vendor Directory
    • eCommerce Fraud Reports
    • Training and Certifications
    • Jobs Board
    • Associations and Non-Profits
  • News
No Result
View All Result
  • Home
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Resources
    • Recorded Webinars
    • Podcasts
    • Vendor Directory
    • eCommerce Fraud Reports
    • Training and Certifications
    • Jobs Board
    • Associations and Non-Profits
  • News
No Result
View All Result
Merchant Fraud Journal
No Result
View All Result

OpenEnvoy Launches to Address Supplier Fraud

by Bradley
June 19, 2022
in News

xresch / Pixabay

OpenEnvoy, a new fintech startup, launched on Oct. 27 with a platform to provide automated invoice auditing to address the high cost that typically results in company invoices going unaudited, which costs companies in the long run, said OpenEnvoy officials in a press release.


“We help companies gain more control over their cash flow by identifying inaccurate invoices that are off by even a penny,” said Matt Tillman, co-founder and CEO of Open Envoy. “Companies have outgrown the outdated professional services companies who charge a variable percentage of the invoice’s value. As a SaaS product, OpenEnvoy is able to provide customers with an immediate ROI and real-time visibility throughout their supplier network at a predictable monthly cost.”


OpenEnvoy compares invoices to original documents, and when inconsistencies arise an investigation is launched. Collaboration and transparency were a major focus in constructing OpenEnvoy’s new software as to allow direct information sharing between customers and suppliers. Direct integration into the customers back office suite gives users access to analytics such as the number and value of discrepancies allowing for real time monitoring and adjustments.


Via its website, OpenEnvoy is focused on eliminating supplier fraud before it happens. With more than 30% of invoices being incorrect according to a Fortune 500 study, invoice auditing is something every company should prioritize.

ShareTweetShareSend
Previous Post

Oracle Adapts Big Bank Protection Assets to Mid-size Institutions

Next Post

Allica Bank Implements Sphonic’s Security Services

Next Post
Allica Bank Implements Sphonic’s Security Services

Allica Bank Implements Sphonic’s Security Services

Our Sponsors

Our Latest Report

Get the 2022 Fraud Trends Report

MFJ 2022 Fraud Trends Report

Search Our Site

No Result
View All Result

Featured Directory Listings

  • logo
    NoFraud
  • Pipl
  • nSure.ai logo
    nSure.ai
  • Microsoft Dynamics 365 Fraud Protection
  • Ekata
  • PayRetailers
  • SEON. Fraud Fighters
  • sift logo
    Sift
  • Spotrisk

Our Sponsors

Fraud Industry News

KYC & AML: Know your customer and anti-money laundering explained

KYC & AML: Know your customer and anti-money laundering explained

August 7, 2022
New Podcast Episode: Walls of Thieving Cellphones with Nethone

New Podcast: How Consumers React to Identity Theft and Account Takeover Attacks

August 2, 2022
The Best Reverse Email Lookup Tools in 2022 (with pricing)

The Best Reverse Email Lookup Tools in 2022 (with pricing)

July 28, 2022

Connect With Us

Quick Navigation

  • Home
  • News
  • Join Us
  • About Us
  • Contact Us
  • Advertise
  • Contribute
  • Privacy Policy

Privacy Policy

Our Privacy Policy
Our Terms of Use

Resources

  • Articles
  • eCommerce Fraud Reports
  • eCommerce Fraud Webinars
  • Training and Certifications
  • Jobs Board
  • Associations and Non-Profits
  • Podcasts
  • Vendor Directory

Popular Posts

  • How Does Two-Factor Authentication (2FA) Work?

    How Does Two-Factor Authentication (2FA) Work?

    0 shares
    Share 0 Tweet 0
  • How to File a Claim With FedEx + What To Do If Claim is Denied

    0 shares
    Share 0 Tweet 0
  • Top eCommerce Fraud Prevention Companies

    0 shares
    Share 0 Tweet 0
  • How to Fight PayPal Chargeback Fraud

    0 shares
    Share 0 Tweet 0

Featured Vendors

  • NoFraud
  • SEON. Fraud Fighters
  • PayRetailers
  • Pipl
  • Spotrisk
  • nSure.ai
  • Microsoft Dynamics 365 Fraud Protection
  • Ekata
  • Sift

Download the 2022 Fraud Trends Report

No Result
View All Result
  • About Merchant Fraud Journal
    • Advertise on Merchant Fraud Journal
    • Interested in Contributing or Guest Posting to Merchant Fraud Journal?
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Contact Us
  • Download Addressing Payment Fraud and Customer Experience Report
  • Download Evolving Complexities of Payment Fraud Report
  • Download the 2020 Chargeback and Representment Report
  • Download the 2020 Merchant Fraud Journal Vendor Guide
  • Download the 2021 Fraud Trends Report
  • Download the 2022 Fraud Trends Report
  • Download the 3 Ways a Unified Chargeback Management and Fraud Platform Increases Revenue Report
  • Download the MFJ 2022 Customer Experience Report
  • Download the MFJ ATO in Retail Report
  • Home
  • Job Dashboard
  • Join The Merchant Fraud Journal Community
  • Merchant Fraud Journal Advertising Agreement
  • MFJ Fraud Trends Report Giveaway
  • News
  • Post a Job
  • Privacy Policy
  • Resources
    • 2020 Chargeback Representment Guide for Merchants
    • 2020 Vendor Guide
    • 3 Ways a Unified Chargeback Management and Fraud Platform Increases Revenue
    • Addressing Payment Fraud and the Customer Experience in 2022
    • Associations and Non-Profits
    • ATO Fraud In Retail Report
    • Balancing Customer Experience and Fraud Prevention: What’s the Secret?
    • Digital Trust & Safety: Combating the Evolving Complexities of Payment Fraud
    • eCommerce Fraud Reports
    • eCommerce Fraud Webinars
    • Fraud Prevention Training and Certifications
    • Jobs Board
    • Merchant Fraud Journal’s Fraud Trends 2020 Report
    • Merchant Fraud Journal’s Fraud Trends 2021 Report
    • Merchant Fraud Journal’s Fraud Trends 2022 Report
    • MFJ’s 2022 Customer Experience Report
    • Podcasts
    • Prevent High-Velocity Fraud Attacks During the 2021 Holiday Season
    • Vendor Directory
    • Webinar – Addressing Payment Fraud and the Customer Experience in 2022
    • Webinar – Mitigating Fraud and Risk on the ACH Network
    • Win January Chargeback Disputes
  • Subscribed
  • Terms and Conditions

© 2021 Payments Media Solutions Canada Inc.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
[class^="wpforms-"]
[class^="wpforms-"]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy