#1 most frequent
France
64.4%553 installations of 859
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.
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
Media
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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.
Top Performing Features
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: 8.6
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: 8.8
Areas for Improvement
Electronic Funds Transfer
Funds can be transferred via EFT as opposed to paper checks.
Category average: 8.7
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 8.4
Vendor Management
Holds information related to vendor terms and contracts.
Category average: 8.5
Who Buys & Uses Yooz
#2 most frequent
United States of America
19.1%164 installations of 859
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
6.1%52 installations of 859
Pros
- Automates invoice processing and data capture, reducing manual effort
- Facilitates efficient search and retrieval of invoices
- Streamlines approval workflows for timely payments
Cons
- Limited and non-customizable reporting functionality
- Unintuitive workflow customization with restricted conditional options
- Occasional performance and stability issues, including slow response times
It is Yooz and best to use not Yoozless. try it.
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
Yooz the great technology
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
Happy with Yooz.
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
- N/A
Return on Investment
- Eliminated the need to add staff.
Usability
5 Year Yooz User
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
Yooz. Good to Use.
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
Usability
Alternatives Considered
Deltek Maconomy, Citrix Endpoint Management and KlearStack
Other Software Used
Deltek Maconomy, Tally, Oracle API Manager
