8 June 2021 – Aubade, the lingerie fashion brand, has announced the integration of Yooz automated purchase-to-pay (P2P) software to digitize and secure its accounts payable services in the UK.
Yooz’s automated account technology will provide Aubade with 80% automation rates – the highest automation rate on the market – cut invoice processing time from weeks to just a few days, and decrease administrative costs by around 70%.
Yooz self-learning technology combines real-time Artificial Intelligence, Big Data and Deep Learning to automate the entire invoice system – from invoice creation right through to payment - for better visibility, accuracy, and security in the finance function.
Aubade employees benefit from a ‘zero touch’ process, with invoices automatically scanned, recorded and transmitted by Yooz into Aubade’s Infor Anael financial system and sent to financial leaders for one-click validation from their PC, tablet or smartphone.
Documents processed and validated using the Yooz purchase-to-pay system are archived for 6 years, with a full text search engine making it quick and easy to find historical invoices for auditing purposes.
Created in 1950 and owned by the Swiss Calida group, the Aubade brand now has more than 400 employees, 55 stores and 6 subsidiaries. Its decentralised structure pushed the financial department to initiate an AP Automation project to solve the recording, validation and processing problems of its more than 9,000 annual invoices.
“We have gained security and serenity in both our processes and in the relationship with our suppliers,” said Stéphane Gispert, Accounting Manager at Aubade.
"The best bit about Yooz? Its intelligent validation workflows which adapt precisely to the nature and content of each invoice, allowing us to track each invoice in real-time and to understand every decision that has been made - a true guarantee for security”.
Just like Aubade, achieve the fastest invoice processing with Yooz!