Yooz Review
What is Yooz?
Yooz is a cloud-based accounts payable automation software solution that provides users with the most extensive automation features. Powered by a unique blend of AI Deep Learning and Big Data technologies, it enables users to save on valuable time and resources in creating, storing, managing, and processing invoices accurately. The end-to-end solution packs its powerful features into an intuitive and easy-to-use interface. Beyond that, it integrates with over 250 ERPs and accounting software.
Key features include modules for purchase requests, approval workflows, payments, and data extraction. It also has a useful multichannel functionality for document capture. Once purchased, you can immediately create automated workflows for PR/PO even without coding knowledge. Its built-in workflows follow the highest level of business process management standards. A smart data capture feature reads and ‘understands’ the contents of a whole range of files, from PDFs to JPGs, from separate platforms and methods like email, drag and drop, mobile scan, sFTP import to EDI, among many others. These can be any document such as invoices, goods receipts, purchase orders, and credit notes. The multichannel functionality allows users to have all the information they need in just one place. This minimizes search time and prevents the loss of valuable documents.
Moreover, the AI-based extraction functionality can be set up for different approval routes. Users can configure what’s captured to be approved by multiple people or through its smart no-touch approval feature by setting up the parameters.
The solution not only automatically captures information but also automatically updates the master data for vendors, tax profiles, and purchasing catalog, among many others. Yooz also provides users with very helpful and secure document storage and management features. These include indexing, search, archiving, and classification. With its digital stapling capability, users can assemble supporting documents quite easily as well. The solution automatically detects duplicates to keep your database clean and precise. Additionally, it includes a robust reporting dashboard that users can always access to monitor all relevant information. For example, they can monitor their partners and negotiate discounts with ease.
Yooz is also one of the safest accounts payable solutions available. Its YoozFakeDetection feature automatically detects fraud and forged documents. It is also equipped with a feature for implementing internal control rules powered by robotic process automation (RPA) technology. For more security, Yooz traces all interventions for easy identification of fraud and the fraudulent party.
The platform allows users to be fully mobile using any device such as their desktops or their Android and iPhone devices. Thus, they can keep tabs on accounts payable processes even while on the go.
Lastly, the developers of Yooz understand that every business has its own particular needs. Thus, Yooz is deployed customized to every particular business’ requirements. Hence, it is only available via quote-based pricing. Fortunately, they also provide a 15-day free trial for prospective users to try out the system with all of its features and check the benefits that AP automation can bring to their organizations.
Show MoreOverview of Yooz Benefits
Yooz can save businesses nearly 80% of the AP cost by setting up an accurate end-to-end paperless AP system just for you. The platform covers invoice management processes from capture after purchase to exporting it to your financial software like an ERP or a dealership management solution. Yooz’s subscription price is based on the volume of documents processed.
Simplicity
Yooz offers a highly intuitive easy-to-use and highly configurable platform that can be designed according to an organization’s needs. It provides users with customizable automations for end-to-end paperless AP processing. What’s more, Yooz has omnichannel document capturing abilities. This means it can capture 100% of document streams from across different platforms. Moreover, it is plug-and-play. Users will not need to change their entire digital infrastructure to adopt Yooz. The software connects with other top business solutions easily. Today, it is 250+ and counting with connectors being built every day.
Savings
The average estimate of invoice processing per unit cost is $9.12. It can even go up to $15.29. Yooz can save businesses nearly 80% of this by setting up an accurate end-to-end paperless AP system customized according to their needs. This is powered by AI and Robotic Process Automation (RPA) technology with a Click and Reco functionality to capture additional data. It also has robust automated GL coding and PO matching capabilities. Its YoozStamp and YoozSplit features separate 100% of documents automatically. And, it covers invoice management processes from capture to exporting data to a financial software solution like an ERP or a dealership management solution. Moreover, it has a powerful engine offering a fast and easy Google-like search.
Speed
The platform’s smart workflows allow for automatic approval or rejection of purchases, invoices, and payments. Also, using the YoozMobile application, users can easily capture, approve, and search documents anywhere, anytime. As Yooz can connect with email platforms and has a note-taking module to boot, users will also be able to easily share and collaborate internally or with third parties. Its YoozPay feature also automates the approval, processing, and confirmation of payments.
Traceability
Yooz is a unique all-in-one Purchase-to-Pay (P2P) automation solution. It consolidates all relevant data through its digital filing cabinet, which has the ability to capture, index, archive, and export all types of documents and classify them in dynamic folders. Every activity is recorded and an audit trail is provided for traceability. This is all thanks to its YoozProtect feature, which is a regulation-proof audit trail that comes with the product.
Security
The platform delivers the highest level of security and compliance. Through its YoozFakeDetection feature, it automatically detects document fraud and even forged documents. It also has a smart duplicate detection feature to keep a user’s database clean and pristine. Users can also set internal control rules to be implemented. All of these run through a traceability module that stores all actions made and by whom. This allows for the identification of when and who committed the fraud. Also, Yooz uses the best-of-breed data centers with United States, United Kingdom, and international certifications. In the last 12 months, measured availability was above 99.9%.
Zero Risk
Being a SaaS solution offered via a monthly subscription format, adapting Yooz has zero IT costs. The software provider also offers free and transparent updates. Its monthly subscription plans offer all-inclusive features to unlimited users, with unlimited workflows, and for an unlimited number of companies. Moreover, it offers a free trial that you can use before subscribing. In this way, you can check out all the features and its interface without any risk of financial commitment. Once subscribed, you can cancel at any time.
Remote Working
AP automation allows teams to work remotely, which is a real facilitator for your business community.
Time and Cost Savings
AP automation with Yooz streamlines the approval process and reduces your cost by 80%.
Improve Accuracy and Visibility
Opting for AP automation translates to reduced errors, with clear visibility on spendings in real-time and across the organization.
Easy Auditing and Compliance
Comprehensive AP automation software helps you with document management, which can be beneficial to auditing.
Fraud Protection
AP automation software can help your business safeguard against fraud by building approval workflows with multiple people and increase the chances of catching fraudulent invoices before payment is processed.
Early Payment Discounts
By speeding up the AP process and having real visibility on what is going on, you will be able to put in place a real strategy to benefit from early discounts.
Show MoreOverview of Yooz Features
- Paperless Accounts Payable (AP) Automations
- Easy-to-customize Platform
- AI-Based Smart Data Extract
- Omnichannel Capture
- Unlimited Users and Companies
- Customizable Automated Workflows
- Unlimited Workflows
- Automated GL Coding and PO Matching
- Powerful Search Engine
- Purchase Orders
- Purchase Requests
- YoozPay for Payments
- YoozStamp and YoozSmartSplit for Document Separation
- YoozFakeDetection
- Compliance
- Automatic Import and Data Update
- Real-Time Monitoring
- Analytics and Reporting
- Consultation, Configuration, and Training
- Knowledge Base
- Plug-and-Play Integrations
- More Connectors Built Everyday
- YoozMobile
- Free and Transparent Updates
What Problems Will Yooz Solve?
Problem #1: Invoicing cycle time takes weeks
Solution: With Yooz, users can cut down on the time for manually entering data, scanning invoices, submitting them for approval, and sending them to the payments department. The platform uses optical character recognition (OCR) technology powered by its proprietary self-learning AI. The platform uses this to capture and ‘understand’ invoices. This does not only eliminate manual data entry but also sends the data automatically to the ERP platform. This is thanks to automated workflows built within the system. Moreover, users can customize automation using special rules that fit perfectly to their ideal workflow processes. Thus, Yooz can be configured to instantly send the right documents to the right person, eliminating the processing time from weeks to days.
Problem #2: Poor data and document storage processes and practice
Solution: Yooz links all documents and messages involved with each transaction while matching invoices with purchase orders and receipts. This allows for a ‘zero-touch’ process that allows for more visibility, accuracy, and security in finance departments. Invoices are automatically scanned, stored, and transmitted to users’ financial systems and sent to financial leaders for one-click validation on their PC, smartphone, or tablet. Also, processed documents are archived for six years with a searchable audit trail. In this way, users will not lose important paperwork. Also, this helps them maintain regulatory compliance for quarterly and annual filings. Thus, tax filing with Yooz will be a breeze.
Problem #3: Multi-site payment processing is too complicated and inefficient
Solution: For well-established and growing multi-location companies, being on top of their invoice processes can be a pain. This is especially when manual processes lead to lost or unaccounted paper invoices within the company headquarters and remote sites. With Yooz, a company can easily digitize the whole accounts payable (AP) process, allowing invoices and other important information to be stored and easily accessible according to the set role permissions. The platform easily consolidates the conversations among all stakeholders involved in the approval of an invoice. It allows any staff member to share relevant information in real-time and get invoices approved in minutes from any location. Centralizing these processes across sites using the Yooz platform can not only make the approval process efficient but also maintain the integrity of the data. This is thanks to robust security features such as role-based permissions. Moreover, centralizing these processes using the platform can also improve the visibility of cash flow and spendings across locations.
Yooz Position In Our Categories
Because companies have specific business-related demands, it is only logical that they avoid settling on a one-size-fits-all, ideal software solution. Needless to say, it would be futile to find such an app even among recognizable software products. The rational thing to do should be to jot down the several significant aspects that necessitate careful thought like important features, plans, technical skill capability of staff members, business size, etc. Thereafter, you should double down on the product research comprehensively. Have a look at some of these Yooz reviews and explore the other software options in your list in detail. Such all-encompassing product research makes sure you circumvent poorly fit applications and choose the system which meets all the tools your business requires.
Position of Yooz in our main categories:
Since each organization has particular business wants, it is sensible for them to abstain from searching for a one-size-fits-all faultless software application. Needless to say, it would be futile to try to find such an app even among widely used software solutions. The clever thing to do would be to list the various important elements that need consideration such as required features, finances, skill levels of workers, company size etc. Then, you should do your research thoroughly. Read some Yooz Accounts Payable Software reviews and check out each of the other solutions in your shortlist in detail. Such exhaustive homework can make certain you reject ill-fitting applications and select the system that provides all the features you need for business success.
How Much Does Yooz Cost?
Yooz Pricing Plans:
Free Trial
Free Trial
Free
Gold Edition
Quote-based
What are Yooz pricing details?
Yooz Pricing Plans:
Free Trial
Free Trial
Free
Gold Edition
Quote-based
Yooz’s software is deployed customized to your organization’s unique needs. Therefore, pricing is only offered via quote-based plans which are based on the volume of documents that Yooz will process. Yooz offers an unlimited number of users and workflows for the platform, plus a monthly payment structure which allows you to cancel your subscription at any time. Please contact Yooz for a free, no commitments, 15-day trial and your personalized pricing options.
User Satisfaction
Positive Social Media Mentions
52
Negative Social Media Mentions
2
We realize that when you choose to get a Accounts Payable Software it’s important not only to learn how professionals score it in their reviews, but also to check whether the real clients and businesses that use it are actually happy with the service. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Yooz reviews across a vast range of social media sites. The information is then displayed in an easy to digest way revealing how many customers had positive and negative experience with Yooz. With that information at hand you should be ready to make an informed purchasing choice that you won’t regret.
Video
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
- Spanish
- French
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Yooz?
Yooz integrates with a growing list of +250 financial packages and ERP solutions used around the world. Here are some of its integrations:
- Sage
- Intuit Quickbooks
- Microsoft Dynamics
- Oracle Netsuite
- CDK Global
- Acumatica
- SAP
- CEGID
Contact the vendor for inquiries about integrations.
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