SAN
MATEO, Calif., May 7, 2024
/PRNewswire/ -- OpenEnvoy, a leading provider of Accounts Payable
(AP) automation solutions, is pleased to announce its partnership
with CMA CGM, one of the world's largest and most respected
shipping lines. This collaboration will enable CMA CGM to provide
even better customer service through the use of OpenEnvoy's
cutting-edge technology for real-time freight auditing.
OpenEnvoy's platform uses artificial intelligence and machine
learning to analyze invoices and other financial documents in
real-time, identifying errors, discrepancies, and opportunities for
cost savings. By integrating this technology into their existing
processes, CMA CGM is able to streamline their freight audit
workflows, reduce manual effort, and ensure greater accuracy in
their billing and payment processes.
"We are thrilled to be working with CMA CGM, a company known for
its commitment to innovation and excellence," said Matthew Tillman, CEO of OpenEnvoy. "Our platform
is designed to help businesses like CMA CGM save time and money
while improving their overall financial operations. We look forward
to helping them deliver even better service to their
customers."
The partnership between OpenEnvoy and CMA CGM represents a
significant step forward in the use of AP automation technology in
the shipping industry. With OpenEnvoy's expertise in real-time
freight auditing, CMA CGM can eliminate costly disputes and claw
back procedures and continue to provide efficient, accurate, and
reliable services to its clients.
"The intricate landscape of financial operations at CMA CGA, a
global player in sea, land, air, and logistics solutions,
conducting business across 160 countries and with thousands of
partners, compelled me to seek an AI technology solution that could
scale and adapt with our ever-changing requirements," said
Rafaela Nunes, Senior Director of
Technology Innovation & Data Strategy at CMA CGM America. "We
selected OpenEnvoy because of its advanced AI/ML platform that
processes large volumes of documents with complex freight
reconciliation in real-time, accurately at scale like no other
vendor can."
About OpenEnvoy:
OpenEnvoy is the leading provider of Applied AI for Accounts
Payable (AP) automation solutions, using artificial intelligence
and machine learning to simplify and optimize financial workflows.
The company's platform enables organizations to automatically
capture, code, and audit invoices and other financial documents in
real-time, reducing manual effort, increasing accuracy, and
unlocking valuable insights. For more information, visit
www.openenvoy.com.
About CMA CGM:
Led by Rodolphe Saadé, the CMA CGM Group, a global player of sea,
land, air, and logistics solutions, serves more than 420 ports
around the world across five continents, with a fleet of around 620
vessels. In 2023, it carried a total of 21.8 million TEU
(twenty-foot equivalent unit) containers. With its subsidiary CEVA
Logistics, a global logistics provider that delivered 522,000 tons
of air cargo and more than 22 million tons of inland freight cargo,
and its CMA CGM AIR CARGO division, the CMA CGM Group is constantly
innovating to offer its customers a comprehensive, increasingly
efficient range of new maritime, overland and air shipping and
logistics solutions.
Firmly committed to the energy transition in shipping and a
pioneer in the use of alternative fuels, the CMA CGM Group has set
a Net Zero Carbon target for 2050.
Every year, the Group supports thousands of children through its
CMA CGM Foundation, with initiatives to promote education and equal
opportunity for all. The CMA CGM Foundation also responds to
humanitarian crises requiring urgent action by calling on the
Group's shipping and logistics expertise to deliver humanitarian
supplies around the world.
Present in 160 countries, through its network of more than 400
offices and 750 warehouses, the Group employs 180,000 people
worldwide, of which around 6,000 in Marseille where its head office is located. In
the United States, CMA CGM, which
is headquartered in Norfolk, Va.,
employs more than 22,000 people. Its subsidiary, American President
Lines (APL), operates a fleet of U.S.-flagged vessels and supports
U.S. territories and American military stationed around the world.
cmacgm-group.com/en/
Media Contact: Jake Adger, press@openenvoy.com
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SOURCE OpenEnvoy