Yooz

Score8.8 out of 10

97 Reviews and Ratings

What is Yooz?

Yooz delivers intelligent financial operations automation that aims to reduce waste, mitigate risk, prevent fraud, and eliminate errors from the AP process. Yooz provides Lean Financial Operations™ for companies of all sizes, offering clarity and control in the most complex environments. The Yooz platform combines a workflow engine, real-time applied AI, and transparency, with advanced fraud detection.

Boasting over 7,000 customers worldwide and processing more than 300 million invoices, Yooz states they aim to make financial operations faster, simpler, deeper, and more secure. Headquartered in Dallas, Texas, Yooz also has offices across Europe.

New Feature: Yooz uses Artificial Intelligence (AI) to streamline and optimize the vendor statement reconciliation process.

Categories & Use Cases

Accounts Payable

Media

Screenshot of how Yooz works - The solution provides artificial intelligence (AI) and machine learning technologies to help AP teams with invoice automation.

Screenshot of Purchase: Automates PR/PO and approvals using workflows. Additionally users can create purchase requests, automate approval workflows, automatically generate purchase orders, manage deliveries and monitor the budget.

Screenshot of Capture: AI based data extraction to extract invoices. Works for almost any format (PDF, Factur-X, UBL, CII, EDIFACT, etc.)

Screenshot of No touch: Intelligent workflows to automate approvals and payments

Screenshot of Pay: A Digital Invoice Payment Workflow. Invoices can be paid individually or as a batch, and vendors receive payment through Virtual Card, ACH, eCheck, or Paper Check.

Screenshot of Export: Invoice capture and automation that integrates with accounting software, or with more than 200 ERPs worldwide.

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Screenshot of how Yooz works - The solution provides artificial intelligence (AI) and machine learning technologies to help AP teams with invoice automation.

Automated Accounts Payable Processes
Accounts payable processes are automated based on pre-determined workflows.
Category average: 8.7
Customizable Approval Policies
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
Category average: 8.4
Payment Audit Trail
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
Category average: 8.7

Payment Status Tracking
Tracks what stage payments are at in the process, from approval to receipt.
Category average: 8.8
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 8.2
Vendor Management
Holds information related to vendor terms and contracts.
Category average: 8.5

Ramneet Grewal

Accounts Payable Administrator in Finance and Accounting at Premier Truck Group (1001-5000 employees employees)

Use Cases and Deployment Scope

We are using Yooz here in the accounts payable department to post the payable invoices. It makes our work easy . First time coding the invoice under the vendor, next time it will automatically pick up all data. Sometimes you pick the wrong coding, but that's once in a while, and we are okay with that.

Pros

Picks vendor once it coded by us.
Picks coding automatically as per last we coded.
Gives warning if amount is exceed than limit for that vendor.
Gives warning if reception date is before invoice date.
Giving error if coding is wrong like give us exact amount how much balance is left.

Cons

Sometimes you pick up the wrong vendor, amount, and currency.

Return on Investment

Yooz has delivered a positive ROI for our AP function by reducing invoice processing time and cost, accelerating approvals, and improving control over duplicate/exception handling.
Cost per invoice down through automation like less paper/postage.
Easy to find the invoice by using invoice number.

Usability

Other Software Used

Epicor ECM

Verified User

Administrator in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

Yooz is used in the accounts payable department, and I use to upload invoices and code them to send for approval and it helps pick the vendor names date and amount and also it still has saved the previous coding that was used before so it is easier to use the same code instead of checking and it can go way back to locating invoices in previous years

Pros

recongnising vendor name
vendor address
right amount
picks description

Cons

easy to change coding after sent for approval
can let you go back and change some things
can help with making the words bolder

Return on Investment

it has helped to not double pay vendors
it has helped with looking at higher amount than usual
it has helped with getting the right vendor paid

Usability

Alternatives Considered

Oracle Access Management

Other Software Used

SAP Concur, Oracle Access Management, SAP Ariba

Verified User

C-Level Executive in Finance and Accounting (51-200 employees employees)

Use Cases and Deployment Scope

We use Yooz for processing our Accounts Payable. It has streamlined the process of receiving, reviewing, approving, and posting. It works very well for matching against purchase orders and identifying differences. The intuitive features have greatly reduced the key strokes needed for processing. For new fields, it suggests the information to process and allows the user to validate it.

Pros

Invoice receipt.
Matching invoices to orders.
Data entry.
Updating payment status.

Cons

Return on Investment

Eliminated the need to add staff.

Usability

Verified User

Director in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

Yooz is part of our ERP suite helping to coordinate the accounts payable process for over 80 separate entities under one management umbrella. After implementing Yooz 5 years ago, we have been able to streamline workflows and invoice tracking from a paper-heavy, in-house operation to one that is fully remote. The dynamic workflow capabilities allow us to send invoices through approval routes based on GL code, amount, vendor or type.

Pros

Approval Touting
Invoice Tracking
Approver Accountability

Cons

Change Reporting for Auditors
Workflow Exporting for Review
User Exporting for Review
Tracking actual number of documents to check for overages
No payment sync from Sage Intacct back to Yooz unless subscribed to Yooz Pay to pay vendors

Return on Investment

Increased scalability of A/P process
Allowed business to take on more management clients

Usability

Alternatives Considered

BILL

Other Software Used

Sage Intacct, Emburse Certify, ProfitSword, Corpay

Verified User

Manager in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

We receive lot of emails for our Invoices which are sometimes difficult to segregate as we have shared Mailbox. Yooz helps to directly integrate the Invoices in its platform and also along with it helps automatically updating details to process Invoices in it (Invoice number, Amounts, Taxes, GL codes etc).

Pros

Integrating Invoices from emails to its system
Automatically processing various details from the Invoices.
Sending popup error message in case of Duplications
Sending popup error message in case of PO values being utilised

Cons

Performance is sometimes slow on Yooz part.
Sometimes have encountered Technical difficulties.
Need some more high level of reports customization

Return on Investment

Saved our valuable Time on processing & reviewing part
We were able to cut down on processing people due to Automations hence saving costs
Emails management became very easy it tracks all via its API

Yooz

What is Yooz?

Categories & Use Cases

Media

Key Features

Top Performing Features

Automated Accounts Payable Processes

Customizable Approval Policies

Payment Audit Trail

Areas for Improvement

Payment Status Tracking

Financial Document Management

Vendor Management

Reviews

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Other Software Used

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Other Software Used

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Use Cases and Deployment Scope

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Alternatives Considered

Other Software Used

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