Yooz connects natively with over 250 enterprise resource planning (ERP) systems and accounting technologies such as Exact, Oracle, WinBooks, SAP, Microsoft and BOB 50.
It also has the designation of “Designed for NetSuite” — an initiative meant for NetSuite’s SuiteCloud Developer Network (SDN) partners.
Yooz also harnesses Big Data, deep learning and artificial intelligence, according to the announcement.
“In the current crisis, companies are clear about the need for digital tools, not only for service continuity, but also to free up accounting and finance teams from repetitive, tedious and low value-added tasks,” Yooz Director Magali Michel said in the announcement. “Yooz is the perfect solution for this market, which is one of the very first to have adopted legislation on going paperless. Our solutions are designed for companies in the “new normal” we are building together.”
Yooz says that 200,000 users and 4,000 clients depend on its offerings for integrated purchases and supplier payments in Luxembourg, Belgium, Spain, the United Kingdom, Latin America, the United States, Germany, France and in “30 more countries around the world.”
The company also says its “all-inclusive” monthly subscription operating model provides “unparalleled automation of financial workflows.” One global consulting and tech firm depends on Yooz’s detailed and automated offering to handle 10,000 yearly vendor invoices.
Last December, Yooz unveiled a partnership with Microsoft that would bring together Yooz’s paper-free accounts payable technology with the Microsoft Azure offering to help firms automate accounting their procedures and bolster efficiency.
Yooz Deputy Chief Operations Officer François Lacas said in an announcement at the time, “By combining our expertise, we hope to offer a unique customer experience with a solution that is in perfect alignment with the main requirements of finance professionals as regards supplier accounts: reactivity, performance, flexibility and security.”