Multiple award-winning cloud invoice payment processing (AP) automation innovator, Yooz North America, announced today that it will form a strategic alliance with Sunnyvale, California-based Checkbook digital checking solution.
The Yooz solution leverages advanced technologies like A.I., machine learning, and optical character recognition (OCR) to automate the AP workflow, from capturing data to exporting payment; reducing processing time from weeks to days and reducing costs per invoice from an average of $16 to an average of $3.
Checkbook's simple digital checking solution is changing the way individuals and businesses send and receive payments. Compared to old-fashioned paper checks, Checkbook provides Digital Checks that are delivered instantly, safer, greener, less expensive, more efficient, and convenient to deposit.
Laurent Charpentier, COO and chief innovation officer, Yooz North America says, “Checkbook is a strategic partner for Yooz in offering an automated and digital workflow for accounts payable. Our goal is to help is to make AP professionals’ work much easier, more streamlined, and to free them up for more strategic, value-added tasks”. He continues, “Our combined solution will flawlessly automate and digitize from end-to-end what used to be a very manual and time-consuming process”.
Checkbook’s founder and former vice-president at VISA®, PJ Gupta, adds, “Yooz’s engineering team was creative and professional in their approach to using our RESTful APIs, and did a beautiful job integrating our digital check processing into their AP automated workflow. What you get is an ERP-agnostic AP solution that saves clients time, money, and resources. Yooz is a great product and we look forward to joint success".
A key factor in Yooz’s growth is its passionate commitment to its customers. “Our growth and success only matter if our solution is helping our customers successfully scale and increase profits in a sustainable manner”, concludes Charpentier. “Our partnership with Checkbook helps us continue to serve our customers, turning them into Yooz champions and sharing their success stories with others embarking on the AP automation journey”.
Yooz and Checkbook will be exhibiting and demonstrating their respective platforms at AFP 2018. Yooz will be located at Booth #450. Checkbook will be located at Booth M11 in MindShift Row.
Yooz, Inc. is a global, multiple award-winning, cloud-based procure-to-pay (P2P) solution that solves for today’s finance professionals’ top AP workflow challenges by providing a simple, secure, end-to-end P2P platform that integrates with more than 175 ERPs. It leverages and optimizes powerful features and emerging technologies that unleash the creative and innovative power of finance teams.
Yooz North America is based in Dallas, Texas with international offices in France and the United Kingdom. For more information, visit https://www.getyooz.com/.
Checkbook's simple digital checking solution is changing the way individuals and businesses send and receive payments. Compared to old-fashioned paper checks, Checkbook provides Digital Checks that are delivered instantly, safer, greener, less expensive, and more efficient and convenient to deposit. Checkbook’s RESTful APIs allow marketplaces and platforms to digitally accept money, pay out to third parties, and onboard businesses and individuals alike. Checkbook is based in Sunnyvale, California. Learn more at https://checkbook.io/docs/api/products/.