Accelerate Your Path to AI AP Automation
Real-World Strategies for PE-Backed and M&A-Heavy Companies
Join OpenEnvoy's Chief Customer Officer, Craig Yee, and Van Truman, VP of Finance at Raney's, for an in-depth discussion on how AI-powered AP automation is revolutionizing finance operations. This session will also have a specific perspective on Private Equity (PE) portfolios and how M&A-focused companies can leverage advancing technologies like AI. This webinar will offer valuable insights into the strategic considerations PE-owned companies face when automating their accounts payable processes.
Van Truman will share Raney's firsthand experiences with OpenEnvoy's AI-First AP automation, highlighting the transformative impact it has had on their finance operations. Key takeaways include:
- Operational Efficiency and Cost Savings: Learn how Raney's optimized their workforce, repurposed staff to higher-value tasks, and achieved over 90% time savings on invoice processing by automating their AP workflow.
- Enhanced Financial Controls and Fraud Detection: Discover how Raney's improved financial accuracy, eliminated errors, and effectively detected and prevented fraudulent activities, all while strengthening their overall financial controls through AI-powered verification.
- Scalable Growth and Seamless Integration: Explore how Raney's quickly integrated OpenEnvoy’s AI solution, doubling their transaction processing capacity while reducing AP focused headcount, and leveraging AI insights to negotiate better vendor terms, ultimately driving scalable growth and improved vendor relationships.
Speakers
Van Truman
VP Finance
Raney's LLC
Van Truman is a seasoned finance leader with deep expertise in manufacturing and distribution, particularly within private equity-backed companies. Throughout his career, Van has held pivotal roles, from Controller to CFO, where he has led financial strategies, integrated organizations post-acquisition, and driven operational efficiency. With a proven track record in managing the complexities of PE-backed companies and financial operations during M&A activity, Van now serves as the VP of Finance at Raney's, driving growth through financial efficiency and successful M&A execution.
Craig Yee
Chief Customer Officer
OpenEnvoy
Craig Yee is Chief Customer Officer of OpenEnvoy, the AI-powered AP automation company that maximizes cash flow and delivers significant cost savings. Throughout his career, Craig has remained dedicated to driving technology-enabled performance, achieving exceptional results, and providing outstanding value to clients and customers within smaller, mid-sized and prominent multinational corporations.
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