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This approach falls perfectly in line with the current enterprise setting, where C-suite executives may be reluctant to transition from their familiar manual workflow to an unknown automated one. “We collaborate with CFOs and CIOs to help them realize the value-addition of AP automation and make the right decision that meets their business needs,” says Laurent Charpentier, COO and CIO of Yooz. The automated P2P platform frees up productive hours for more beneficial initiatives such as improving supplier relationships and finding creative ways to reallocate money towards research and product development. Contrarily in the past, accounting leaders faced challenges pertaining to the visibility of documents in the invoice processing workflow that made it difficult to create accurate projections for saving money or preventing overspending. Now, with Yooz, every member of the AP team can work with greater efficiency, productivity, and visibility into the workflow by checking the status of a document at any stage in the payment process and the history of those that accessed it, and to finally approve the transaction for payment.
The platform offers the flexibility needed to be able to integrate seamlessly with more than 200 financial systems. During invoice data capture and processing phases, Yooz’s smart data extraction technology employs OCR to read information from scanned paper documents or images received via email.
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We collaborate with CFOs and CIOs to help them realise the value-addition of AP automation and make the right decision that meets their business needs.
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Company
Yooz
Headquarters
Dallas, TX
Management
Laurent Charpentier, COO& CIO
Description
Yooz is a cloud-based solution leverages optical character recognition (OCR), AI, and robotics process automation (RPA) to deliver automation, simplicity, and traceability of the invoice and payment processes. Yooz accounts payable automation platform combines high-performance technologies with simplicity and affordability so that users can unleash the creative and innovative powers of their team. Over the years, the Yooz platform has grown to provide seamless integrations with more than 200 ERPs, with individual modules ranging from purchasing to bill payment