Yooz, a leading purchase-to-pay (P2P) automation provider, today unveiled two new features in its lineup of user-centric upgrades already implemented in Yooz’s robust platform. Together with YoozPay, YoozReports and Yooz’s real-time budgeting feature are poised to elevate financial decision-making by offering unmatched visibility and streamlining capabilities for the entire procurement process.
Features and benefits include:
YoozReports
YoozReports, the newest addition to Yooz’s suite of offerings, is a revolutionary feature that combines the power of Microsoft Excel with Yooz’s real-time data to create dynamic Excel visualizations. This feature allows users to access current data directly in Excel, expediting data retrieval and sharing to equip financial professionals with the insights needed to make informed, data-driven decisions and optimize financial performance.
The key benefit of YoozReports is its ability to provide a deep understanding of financial processes and performance. Users can create pre-built or customizable reports, streamline reporting processes and visualize key performance indicators (KPIs) using Excel’s graphic and visualization capabilities. Furthermore, the modern API allows for seamless integration with other business intelligence tools, enhancing connectivity and communication throughout the organization.
Real-time Budgeting Feature
Integrated into the Yooz Rising platform, the budgeting feature provides financial and accounting decision-makers with up-to-date budget management capabilities to drive confident, informed decision-making and cash flow control.
Users can define budgets based on specific criteria, manage budgets at every stage of the P2P process and access real-time status information, including committed, invoiced, and available amounts. A customizable dashboard centralizes all budget categories, improving visibility and control over budget and cash flow management. This feature is especially valuable in the current economic landscape of uncertainty and increased risk, where strategic planning and informed decision-making are vital for business success.
YoozPay
YoozPay, as previously announced, stands as a pivotal add-on feature integrated into the Yooz platform, purpose-built to streamline and simplify the digital invoice payment workflow for businesses of all sizes. It offers a comprehensive end-to-end solution for automating accounts payable, enabling seamless onboarding and direct vendor payments within the Yooz ecosystem.
Companies adopting YoozPay can substantially reduce the costs and labor associated with invoice processing, potentially translating into significant annual savings and freeing up financial resources for other strategic initiatives. Furthermore, the platform provides a range of flexible payment options, allowing vendors to select their preferred method, from virtual credit cards to ACH and eChecks, enhancing convenience and financial compatibility.
“These features are a testament of our commitment to listening to our users and providing them the tools they need to exceed their business expectations,” said Laurent Charpentier, CEO of Yooz. “YoozReports, the budgeting feature and YoozPay all work in tandem to provide a comprehensive solution for accounts payable automation, real-time data insights and effective budget and cash flow management within the Yooz ecosystem. We are proud to offer solutions like these that equip professionals with the means to revolutionize their financial decision-making and ultimately thrive in the ever-evolving business environment.”
About Yooz
Yooz provides the smartest, most powerful, and easiest-to-use cloud-based E-invoicing and Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed, and security with affordable zero-risk subscriptions to more than 5,000 customers and 300,000 users worldwide. Yooz’s unique solution leverages Artificial Intelligence and RPA technologies to deliver an amazing level of automation with extreme simplicity, traceability, and end-to-end customizable features.
Yooz North America is headquartered in the Dallas, Texas metropolitan area with global offices in Europe.
Learn more about Yooz at www.getyooz.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20231114781742/en/