DALLAS--(BUSINESS WIRE)--Yooz, a leading purchase-to-pay (P2P) automation provider, is celebrating its 10th year in the U.S. market. Founded in France, Yooz entered the market in 2014 and has since established itself as a recognized expert in the AP automation space, driven by its commitment to delivering the smartest, most powerful solutions to customers.
“We’re proud of our incredible journey and the impact we've made in the AP automation space in the U.S.,” said Laurent Charpentier, CEO at Yooz. “We've grown significantly from a new player to a recognized leader in AP automation, with impressive growth in our customer base and employee headcount, made possible by our pioneering use of AI and a dedicated team focused on solving our customer experience and satisfaction. As we look back on the past 10 years here, we celebrate our achievements and the culture of collaboration and innovation that made it all possible.”
Yooz’s key milestones and achievements over the past decade include:
Product Innovation: Yooz has continuously evolved its product offerings to meet the changing needs of its customers. In 2020, Yooz launched Yooz Rising, a platform that redefined AP automation standards by providing a user-friendly, intelligent and powerful solution. Yooz Rising incorporates advanced AI, machine learning and big data technologies to deliver unparalleled automation capabilities. Additionally, YoozPay, an innovative payment automation solution, was introduced to streamline the payment process, offering seamless integration and enhanced security features for the entire purchase-to-pay process. The dedication to evolving the product and experience shows in customer testimonials. Speaking to the innovation, "Yooz is on the leading edge of the transformation of the invoice payment process,” said Kristina Costello, Director of Implementations – Accounting Systems, IFI Professionals. “A one-stop-shop for the full AP process."
Evolving Technology: Yooz continues to invest in AI, machine learning, RPA, and big data technologies to stay ahead in innovation. With the release of Yooz Rising, which included a redesigned user interface, the company reported the highest Net Promoter Score (NPS) in its history. The company's AI-based document capture and automation now extend beyond traditional invoices to include new processes, focusing on duplicate detection and error prevention. Yooz’s platform provides SMBs savings of up to 80%, customizable workflows and incredibly high straight-through processing, among other unparalleled benefits. These features ensure that Yooz remains a leader in AP/P2P automation through continuous technological investment.
Employee Growth: Yooz has expanded its U.S. team to over 100 employees, building a strong presence in the AP automation space. The company’s growth is also highlighted by the expansion of its executive team, bringing in top talent to drive strategic initiatives and foster innovation. These hires, most recently including a new CFO and CRO, have played a critical role in Yooz's development and success in the U.S. market and strategically align with future growth plans.
Strong Partnerships and Customer Success: Collaborations with industry leaders like CDK Global and Sage Intacct have been instrumental in Yooz’s success, enabling significant growth and exposure across various industries. Additionally, Yooz’s customer base has grown at a 45% CAGR over the past six years, reflecting its commitment to delivering exceptional value and innovation.
"For every question we posed to Yooz the answer was ‘yes,’” said Adam Maurer, CPA, former CFO at Deutser. “The team added value by offering industry best practices for us to consider. They didn’t just bring a typical solution, but one that helped us be better ourselves and for our clients."
Research and Education: Over the past decade, Yooz has been at the forefront of thought leadership in the finance automation industry. The company has released several influential surveys and studies, including the annual State of Automation in Finance report, which debuted in 2021 and provides critical insights into the evolving challenges and opportunities within finance departments. Additionally, Yooz dedicates 25% of its income annually to its R&D team located in France, which continually works on enhancing the product and bringing the newest technology to the platform. This research and data have not only helped shape industry standards and guide finance leaders in their digital transformation journeys but also inform and guide the company’s product roadmap, ensuring solutions that address market gaps and drive innovation for customers.
"Our success can be credited to our unwavering commitment to innovation and excellence, as well as the incredible work and dedication of our team," said Charpentier. “We hope to continue providing cutting-edge technology with a relentless focus on delivering unmatched value to the SMB market for years to come.”
Looking ahead, Yooz plans to continue growing in the U.S. market by expanding its direct sales strategy and developing its indirect sales channels with referral partners and resellers.
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.
