The trailblazing AP automation solution to enter 2023 with a robust roster of new enterprise customers, strong customer loyalty, proven successful positioning in digital payment industry, a growing list of awards and strong new year predictions
DALLAS, TX – November 15, 2022 – Yooz, a leading purchase-to-pay (P2P) automation provider, is accelerating into 2023 with a growing list of key clients, growing loyal customer base, internal growth, global recognition and prestigious industry and workplace awards – further positioning the company as a top solution in the fintech and digital payment industry.
Yooz’s commitment to deliver a strong performance to their customers was evident this year in their customer satisfaction and loyalty, proven by an exceptional net retention rate of 100+%. This was thanks to the addition of several new key clients this year, including Premier Brands of America Inc., a privately held leading manufacturer and marketer of health and wellness products, which needed a solution that would offer top-notch, easy-to-use procurement processes without a hefty price tag.
“The primary factors that lead to our decision to choose Yooz included no recurring licensing fees, unlimited users and workflows, competitive pricing [and a] newer, well-thought-out platform with seemingly frequent updates to the UI,” said Alexander Corsun, President and Chief Operating Officer at Premier Brands. “No other competitive system seemed to have a better option.”
Other client wins propelling Yooz into 2023 are the TransPerfect-sponsored Music City Bowl, a post-season U.S. college football bowl game certified by the NCAA, and Hudson Automotive, a third-generation, family-owned and operated car dealership.
Hudson Automotive faced the challenge of finding a solution to centralize the accounting process for its 39 dealerships. Prior to Yooz, only seven of its dealerships operated in an automated environment, using a solution that wasn’t meeting its needs and wasn’t scalable for its other locations. With the implementation of Yooz, each of Hudson Automotive’s dealerships can operate seamlessly under one integrated platform – just one of many customers in the last year who has selected Yooz to help with scalable growth and more efficient processes.
Growth and Strategic Changes
Major company milestones include an increased adoption of YoozPay – the Yooz digital payment solution – by close to 1 out of 2 new customers, the rapid expansion in Canada particularly, with implementation of new customers growing 31% in 2022 as compared to 2021, and significant accelerated growth of ERP integration. With 20+ new integrations as of the beginning of Q4, Yooz is now the most ERP-connected P2P automation solution in the marketplace.
Alongside Yooz’s external accomplishments, the company announced earlier this year that former COO/CIO Laurent Charpentier was appointed global CEO of Yooz – a move intended to support the unparalleled international growth the company has seen over the last year, a trend predicted to continue heading into 2023.
Yooz also announced a slate of new product features this year, including goods reception, in-app chat, enhanced search capabilities and invoice attachment management – a feature unique to Yooz that was created to make faster, better-informed decisions easier than previously possible.
“Our unrivaled growth this year and latest features further speak to how Yooz truly listens to our clients’ needs and is leading the charge to anticipate the rest of the market’s needs as well,” said Charpentier. “Looking ahead, Yooz is planning to home in on helping our global customer base cushion the blow of inflation and support initiatives for more efficient and cost-effective processes – helping spur both Yooz and our customers toward sustainable innovation and prosperity into next year and beyond.”
Awards and Recognitions
Spend Matters, a research-based publication dedicated to examining procurement and supply chain issues, released its annual 50 Providers to Know and 50 Providers to Watch for in 2022. Yooz has consistently caught the eye of the publication’s team of technology analysts as an up-and-coming procurement player and was named one of the Top 50 Providers to Watch for the fifth time. This award is given to recipients following a 12-month assessment conducted by the publication’s analysts to determine the best-in-class, high-momentum players in the industry.
Along with this distinction, Yooz was awarded both high user adoption and a high mid-market performer G2 badge, based solely on favorable customer reviews – further highlighting Yooz’s growing prominence in the marketplace and their commitment to their customers.
Yooz also garnered recognition from Great Place to Work® for the second consecutive year in North America, an award given based on anonymous employee feedback. This year, 93% of Yoozers said Yooz is a great place to work compared to 57% of employees at a typical company – highlighting Yooz’s continual dedication to fostering an upbeat working environment.
“Our entire team has been working so hard to provide the best solutions and user experience for our customers,” said Laurent Charpentier, Yooz CEO. “It’s always an honor to receive recognition for our efforts, especially one that coincides with our own internal initiative to cultivate a positive and inclusive workplace.”
Other 2022 Highlights
In June, Yooz released the second edition of its annual State of Automation in Finance report which examined the current challenges and potential opportunities finance leaders are facing in the industry. Key themes from the report include finance departments’ increasing importance placed on strengthening cyber security, concerns about talent recruitment, and the evolving role of the CFO.
Yooz provides the smartest, most powerful and easiest-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 4,000 customers and 200,000 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 integrates seamlessly with more than 250 financial systems, exceeding any other solution on the market.
Yooz is a fast-growing, award-winning, SaaS innovator that is the perfect fit for mid-size organizations across all sectors. It has been recognized as a Great Place to Work®, 10 Best Cloud Solution Provider by Industry Era, Best of SaaS Showplace (BoSS) by THINKstrategies, Top 10 Accounting Solution Provider by CFO Tech Outlook, and Top 50 Company to Watch by Spend Matters.
Yooz North America is headquartered in the Dallas, Texas metropolitan area with global offices in Europe.