Nvoicepay headquartered in Beaverton offers accounts payable automation, and vendor payment data management to enterprises.
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Yooz
Score 7.5 out of 10
Small Businesses (1-50 employees)
Yooz provides a cloud-based E-invoicing and Purchase-to-Pay (P2P) automation solution boasting more than 5,000 customers and 300,000 users worldwide. Yooz’s solution leverages Artificial Intelligence and RPA technologies to deliver automation with simplicity, traceability and end-to-end customization. It natively integrates with more than 250 financial systems, and is presented as a fit for organizations across all sectors. Yooz North America is headquartered in the Dallas, Texas…
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Pricing
Nvoicepay
Yooz
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Nvoicepay
Yooz
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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Subscription price based on the volume of documents processed. Unlimited number of users. 4 hours of complimentary service to start.
Nvoicepay is super helpful for organizations that want to run lean and have a lot of accounts payable going out each day/week/month. The cost of having Nvoicepay vs having an employee process payments for each of our vendors is a massive cost savings. I believe it would be less appropriate for organizations that are only sending a few payments each month or have a lot of recurring payments instead of unique bills each month. Recurring payments are easily booked and memorized in most accounting systems and setting up autopay takes care of having to actually make the transaction manually.
Any company manually coding and entering more than 1000 invoices a month needs Yooz. Any company wanting full visibility and accountability through the life of an invoice needs Yooz. Any company who needs to control who can see and or code transactions needs Yooz.
Perhaps the most frustrating part of Nvoicepay is the reporting. Simply working through the filtering to find a transaction in the history is extremely difficult. If you don't select the filters in the correct order you will typically find zero results.
The formatting for the upload is also a little tricky. Since you are uploading an excel file, any zip codes with leading zeros typically have the zeros removed and result in a failed upload. So having to place an apostrophe in front of any leading zeros is kind of pain especially when you have 100 plus lines of transactions.
The main dashboard is also something to be desired. I understand the concept of providing the dashboard, but what use is it if I can't dig in and see what the numbers and graphs are made of? If Nvoicepay was able to hyperlink to the transactions that make up each category it would make the dashboard far more useful.
Unfortunately Yooz is a newer software company, and Yooz was not equipped to process large batches of invoices that needed to be paid.
Yooz, in some instances, did not properly load invoices or credit memo information accurately into NetSuite. The detail in Yooz did not match in the general ledger in NetSuite, and the records did not match. Yooz's IT support also a difficult time correcting our issues.
Yooz is a new company and there is still a lot of software upgrades and better development that needs to take place before it can be considered a reliable software.
We used Zevez in the past to make credit card payments but NVoicepay is a much more robust system which also allows for ACH and check payments. Also, they were able to contact vendors for us and sign them up with their preferred payment methods. Easy to implement and easy to use.
Yooz comes close to Coupa, but Coupa is much more robust and can handle much larger batches of information. Yooz performed well against Bank of America's Checkbook product, because it was more efficient. The other NetSuite products did not match up for our needs, so Yooz was a better solution at the time.
Nvoicepay has had only a positive impact on our overall business objectives. Since it takes care of remedial tasks of processing payments we are able to concentrate on more complex tasks such as prepping for close, creating schedules, and improving other processes.
