Yooz is the best SaaS solution to automate the processing of supplier invoices. Relying on AI for a rate of automation exceeding 80%, it saves considerable time and money for SMEs and accountants.
The success of Yooz relies on an incredible strong-willed community formed by its 400 employees and more than 300,000 users across 44 countries.
Based in France and the United States, the company has been growing at an average rate of +40% per year.
From a visionary project to a key player in the AP automation, Yooz is the result of an entrepreneurial adventure relying on intuition, team spirit, and audacity.
Yooz story began in 2010 when a group of innovators within ITESOFT placed a bet on SaaS and launched an AP automation solution aiming at the SME market which until then had been left out of the automation technologies.
Having decided to concentrate its resources on its historical activities, ITESOFT gave its independence to the Yooz project end of 2014. Convinced of the project's relevance and potential, Didier Charpentier, Magali Michel, and Jean-Marc Pédréno decided to breathe new life into Yooz, giving the company a fresh start.
Significant investments were then made to accelerate growth and expand internationally.
Yooz launched its solution in the United States, successfully penetrating a market that looks for innovative solutions to improve the productivity, reliability and security of invoice processing. Yooz American dream became a reality.
From 2017 on, the U.S. teams were gradually strengthened, with a CEO, a COO, a Marketing Manager and a Sales Manager. From 2018 on, the teams’ hard work started bearing fruits. Since then, Yooz has been commercially successful and managed to self-finance its development.
A visionary by nature, Yooz has always been careful to prepare for the future. In 2020, it launched a new strategic plan, "Rising from the Cloud", based on a revolutionary product "Yooz v2 Rising", which now integrates a direct payment feature. A new achievement that propelled Yooz into the world of fintechs.
By the end of 2021, Yooz is a pure SaaS player with more than 4,000 customers worldwide and an ARR in excess of $37 million, up +37% over the previous year. Already successful in the United States which represents 35% of its sales, Yooz has also successfully opened up the Spanish and UK markets and won its bet on the new product.
Having led Yooz operations in the United States, Laurent Charpentier has taken over as global CEO of Yooz at the beginning of 2022 to accelerate the company's international expansion while pursuing the innovative strategy that has made Yooz so successful.