The Prestige Group picks Yooz to harmonise and speed-up its invoice processes within its various entities
The Prestige Group is a UK-based business that specialises in care homes and operates six of them. Alongside their care homes, the Prestige Group owns a portfolio of diverse companies, including a construction firm, a private airline, and privately rented flats. Recently, they also acquired a football club, showcasing the breadth of their ventures.
Overwhelmed by invoices, the Prestige Group was seeking a game-changing solution
With over 500 invoices to manage each month, The Prestige Group recognised the need for a more efficient solution. Their previous accounting package, Sage 50, could not keep up with their growing workload. This prompted them to explore an Accounts Payable (AP) system to streamline their processes and enhance efficiency.
Find out how to streamline your AP procedures.
Unlocking efficiency: AP automation empowers the Prestige Group’s invoice management
After careful consideration, the group decided to implement Yooz, an Accounts Payable automated solution, finding its user-friendly interface and comprehensive features to be a perfect fit for their needs. The Prestige Group accounting team has various skill sets and required a solution that would be easily adopted by all members.
Yooz simplified the invoice management offering timely reminders for outstanding invoices and reducing the need for constant follow-ups.
The platform was tailored to accommodate the multiple companies, and training their team members proved to be effortless.
“The implementation process was seamless, with a dedicated project manager guiding us through every step. We appreciated the attentiveness of the Yooz team, who listened to our requirements, understood our existing processes, and made valuable suggestions.”
Gemma Parker
Management Accountant
From paper chaos to digital harmony: Yooz simplifies invoice management for the Prestige Group
One of the notable benefits the group experienced was the ease of tracking and managing invoices.
Previously, paper invoices would be dispersed across their different locations, leading to inefficiencies and potential loss.
Yooz resolved this issue by providing a dedicated email address for all suppliers to submit their invoices. The system now automatically captures the relevant details and associates them with the correct company and supplier. This automation simplifies the process and reduces errors, while the approval workflow ensures timely processing and accurate accounting.
The Prestige Group was impressed by the comprehensive functionalities of Yooz. They particularly valued the ability to communicate directly with suppliers through the platform, attaching invoice copies for reference and resolving any queries efficiently. Furthermore, the integration with their existing accounting software, Sage 50, made the invoice process seamless.
Find out more about invoice automation with Sage 50.
Overall, the implementation of Yooz transformed the Prestige Group’s invoice management, increasing efficiency, reducing manual efforts, and improving communication with suppliers. The platform’s user-friendly interface and customised features catered to their specific needs, making it an invaluable asset for all of the group’s companies.
“It used to take one full day by company to process invoices. Now we are probably looking at half an hour a day to push them through!”
Gemma Parker
Management Accountant