Real-time budget feature provides financial and accounting decision-makers with an all-in-one, comprehensive solution for their Accounts Payable processing.
DALLAS, TX. – May 18, 2023 – Yooz, solidifies its position as a Purchase-to-Pay (P2P) automation product leader with the introduction of its new budget feature. This tool provides financial and accounting decision-makers with real-time budget management capabilities to streamline decision-making.
The Accounts Payable (AP) automation platform was created in 2010 with an ambitious goal: to eliminate obstacles that hindered the adoption of purchasing and invoicing automation processes. This was achieved by offering companies a powerful, easily accessible, and user-friendly Cloud-based solution – Yooz Rising – that automates the entire P2P process from purchase request generation to supplier payment.
Today Yooz continues to enhance its solution, improving its offering by integrating an optional add-on budget feature for all customers using the Yooz Rising platform. This enhancement enables Yooz to meet the budget management, control, and cost reduction demands of companies.
The need for such a feature is increasingly apparent in 2023, where in a turbulent economy marked by uncertainty and increased risk, both strategic planning and informed decision-making are vital for business success. This is reflected in the 2023 priorities of CFOs, where research shows that 82% are planning to modify their budgeting strategy.
Laurent Charpentier, CEO of Yooz said: "Through the launch of our budget tracking automation feature, we are pursuing our goal of pushing the boundaries of technology to provide financial decision makers with an ever more optimized user experience and rich and robust functional coverage to help them achieve their performance and efficiency goals despite market instability."
With the seamless integration of this new functionality within Yooz Rising, financial decision makers benefit from an all-in-one, comprehensive solution able to automate and secure financial processes. In addition, thanks to immediate access to real-time budget status, management can optimize processing and make well-informed decisions.
Thanks to the new budget feature it will now be possible to:
- Define your budgets according to your own specific criteria of either category or budget period.
- Manage your budget at each stage of the Purchase-to-Pay (P2P) process, from creation of the purchase request through data export to your accounting or ERP software.
- Access real-time status information using the budget control tab, including amounts committed, invoiced, and available.
- Utilize the customizable, user-friendly dashboard to view all of your budget categories in a single, centralized location.
To learn more please visit our website here.
Yooz provides a smart, powerful, and easy-to-use Cloud-based 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. It directly integrates AP Automation into information systems or ERPs with more than 250 native connectors, exceeding any other solution on the market.
Yooz North America is headquartered in the Dallas, Texas metropolitan area with global offices in Europe.
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