OpenEnvoy, a finance and accounts payable automation service provider, unveiled "Generative Analytics" to enable professionals in finance and business to obtain critical operational and expense reports in a conversational manner.

The key features of Generative Analytics include the integration of GenAI, which enables users to ask simple questions concerning expenses, vendor details, contracts, savings, project budgets, and cash flow. The responses are generated using machine learning and natural language for easy comprehension, showcased in graphs, charts, and tables. Users can also deep-dive into specific transactions for a more comprehensive understanding.

As per OpenEnvoy, the primary benefits of utilizing their newly launched services include improved visibility into expenses and contracts which aids in streamlining finance processes. They claim that these capabilities allow CFOs to add greater value to the business without expanding the budget.