Yooz and Nvoicepay Partner for End-to-End AP Automation in the Cloud

  • January 23, 2015

January 23, 2015 — Dallas and Fort Worth, TX —  Yooz, the cloud service that lets businesses instantly streamline their accounts payable (AP) workflow, today announced a seamless integration with Nvoicepay, Inc, which is bringing the simplicity of consumer payments to business payments. The partnership gives businesses a cost-effective and efficient way to capture all documents and relevant information, including purchase orders and paper invoices. This creates an end-to-end workflow from purchase to payment in a portal that carries a company's own branding and corporate identity.

Yooz brings "accounts payable intelligence" to every business with three easy steps: capture, approve and pay. Unlike traditional solutions, it is a pure cloud solution and volume-based, meaning it requires no investments in hardware, software or IT staff. Yooz is already modernizing a market ripe for disruption, since fewer than one in three U.S. companies have automated their AP workflow, with most still relying on manual, paper-based processes.

"Yooz creates a streamlined, intelligent workflow for financial documents, whether they are on paper or electronic. Our partnership with Nvoicepay makes AP automation even more transparent and convenient so mid-to large-size enterprises save time and money," said Matt Williams, CEO of Yooz North America. "Our customers can be up and running in no time. Once they go paperless, they can cut their cycle times from weeks to days and reduce their invoice processing costs by 70 percent, not to mention they're able to capture all discounts as a crucial but often overlooked revenue source."

Businesses and their vendors or other external partners feed electronic or paper documents into the Yooz portal, facilitated by a dedicated YoozBox direct to a cloud scanner, email, or even an iPhone. Working in a browser, they can then process, approve and initiate payments.

Nvoicepay delivers strategic payment solutions to automate accounts payable, enabling customers to pay 100% of their invoices electronically and reduce cost, increase efficiency and maximize card rebates all with minimal effort.

"It's common to find enterprises with an ad-hoc, piecemeal approach to AP automation," said Karla Friede, CEO of Nvoicepay. "With our partner Yooz, we are excited to bring streamlined end-to-end AP processing to businesses. We are aligned in our commitment to providing solutions that help companies save hundreds of thousands of dollars a year."

Built on 30 years of expertise by ITESOFT, one of the world's leaders in intelligent document capture and management, Yooz puts high-performance AP workflow automation within reach of every business. It understands incoming documents, no matter whether they are received as an email attachment, scanned to the cloud or uploaded via smartphone camera. End-to-end processing means automatic GL coding of documents for proper accounting and approval, as well as indexing to provide Google-like keyword and search and preventing duplicate billing. Yooz connects to more than 50 types of the most popular ERP and financial software solutions.

Since its European launch in 2011, more than 1,000 enterprises are already streamlining their AP workflow with Yooz, among them Ernst & Young, PricewaterhouseCoopers and Toshiba.

 

About Yooz:

Yooz brings intelligence to AP automation. It is designed and built for the era of cloud computing, empowering SMEs to streamline their financial workflow in order to save time and money. Yooz was developed by ITESOFT, a European company that has for more than 30 years been a leader in intelligent document capture and process automation. Yooz has more than 1,000 customers. For more information, visit www.justyoozit.com.

 

About Nvoicepay:

Nvoicepay delivers strategic payment solutions to automate account payable, enabling customers to pay 100% of their invoices electronically, while realizing the financial benefits of payment optimization. Nvoicepay's cloud based products and vendor payment services reduce costs, increase efficiencies and maximize rebates, all with minimal effort. Nvoicepay serves thousands of customers paying hundreds of thousands of suppliers across multiple industries including healthcare, retail and financial services. More information about Nvoicepay is available at www.nvoicepay.com.

 

Read the original press release on Marketwired.

  • Previous Article
    CDK Global Gets Accounts Payables Moving With Yooz and Nvoicepay
    CDK Global Gets Accounts Payables Moving With Yooz and Nvoicepay
  • Next Article
    Nvoicepay CEO Karla Friede Addresses $38T Electronic Payments Opportunity
    Nvoicepay CEO Karla Friede Addresses $38T Electronic Payments Opportunity

Most Recent Articles

Medius Pay Transforms the Payments Process

Medius Pay transforms the payment process – and helps deliver efficiency, significant cost savings, and reduced risk exposure.

Nvoicepay Retains Leader Status in G2's Spring 2021 Quarterly Reports

Nvoicepay was again named a Leader and Momentum Leader in Enterprise Payment Software and AP Automation.

Virtual NADA Show 2021

Join the Nvoicepay automotive team virtually at the National Automobile Dealers Association's annual show from February 9-11.

Nvoicepay Ranks #9 in G2's Top 50 Finance Products for 2021

Nvoicepay ranks #9 in G2's 2021 list of Top 50 Products for Finance.

CFOs Navigate Season of B2B Payments Change

PYMTS.com spoke with Nvoicepay president, Josh Cyphers, regarding the recent shifts in the B2B payment automation sphere.

Work from Home Digital Payment Systems, Processes and Solutions

Josh Cyphers, CEO of Nvoicepay, a FLEETCOR company, spoke with Adam and Naresh of the Work From Home Show. Among other things, they discussed digital payments processing in a work-from-home environment.

G2's Winter 2021 Badges Highlight Nvoicepay's Industry Leadership

In G2's Winter 2021 awards, Nvoicepay retained many of its past award titles.

Computer Guidance Corporation and Nvoicepay Execute Partnership Agreement Delivering Integrated Payment Automation Solutions for Commercial Contractors

Nvoicepay™ and Computer Guidance Corporation announce their partnership.

The Future of Payments

Nvoicepay CEO Josh Cyphers spoke with Future of Sourcing Digital regarding the process upgrades implemented by accounts payable teams across the world, both from a general payment evolution perspective and as the result of COVID-19 restrictions.

2020 IOFM AP Automation Summit

We are excited to announce our participation in the IOFM AP Automation Summit! Join us December 1-4 for a virtual event to learn more about AP automation solutions and reconnect with industry peers.

Disrupting the Payments Industry

SCORE's CEO, Rieva Lesonsky, sat down with Nvoicepay president, Josh Cyphers, to discuss the trends and innovations that are changing the B2B payment landscape in the wake of COVID-19.