Payment Automation

Complete End-to-End Processing

Automation shouldn't stop with approvals. Payment automation is a strategic tool that helps streamline your business, making it faster and less susceptible to error or fraud by automating how you pay your vendors. And, thanks to YoozPay, our powerful solution now lets you automate the entire AP process from purchase-through-payment on one easy platform.

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AP and Payment Automation

 

The best way to make your AP and Payment Automation streamlined includes removing the manual process of cutting and mailing checks. You’ve made efforts to digitize and move forward Accounts Payable automation workflows and make your invoice and payments efficient. Automating your payments saves you money and time, increase accuracy, and makes teams more productive. Checks can be viewed as a relic of old business methods. Paper checks take away valuable time and budgets from businesses. Fortunately, there are business operations and partners that process checks and invoices faster and digitally.

YoozPay: Get Cash Back From Your Automated Digital Invoice Payment Workflow

 

YoozPay empowers your organization and positions it for growth with a automated invoice payment workflow based on modern technologies.

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YoozPay - the umatched payment automation solution

Buy Now, Pay on Time: The Future with Smart Payment Automation


There is a saying that “money makes the world go around.” However, this is only true when money is actually flowing.

When it comes to invoice processing, it is worth exploring what is payment automation and how the transformative power of automated, smart processes can help ensure that the payables process – and the money - flows smoothly. You won’t be alone… According to the researchers behind “The State of Automation in Finance 2022,” 27% of US organizations have already adopted digital payments and another 49% plan to follow suit this year.
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Get
Cash Back

Pay instantly leveraging our Virtual Credit Card option and generate recurring revenue
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Unmatched
All-in-One
Get your invoices captured, reviewed, approved, and paid anywhere, anytime in a single web-based solution
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Fast
and Intuitive
Onboard vendors with a single e-mail address and provide them with a 1-click away payment options experience (Virtual Card, ACH, eCheck, Paper Check)
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Full Control and
Security
Leverage fully-secured complete or partial payment options and get a real-time audit trail in your ERP
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Right on Time, Every Time: Why Your Organization Needs Vendor Payment Software


Being late for a meeting and keeping your team or partners waiting is something between an inconvenience and an embarrassment. Being late when paying a vendor’s invoice is an entirely different thing. It triggers all kinds of unwanted consequences for your organization and your suppliers. For you delays can cost money in terms of late payment fees, lost discounts and time spent on answering inquiries. For a vendor, late payments can translate into a cash flow problem. Worse yet, if the payment process for the supplier has consistent issues, an organization risks squandering goodwill and confidence at a time when the supply chain is more important than ever before.

The answer is solving these challenges (and more) is using the right vendor payment software as part of the payment automation solution.

Let’s Talk: How a Payment Automation Platform Improves Communication


“Markets are conversations.” That’s a fundamental insight gained from changes that the web has brought to both companies and consumers. Indeed, we buy, sell, and transact best when we exchange information, fast and frictionless. That means if an organization wants to succeed, it has to facilitate better communication, both internally and externally, to empower all participants to talk and listen to each other. This is true whether the conversation is taking place between systems, companies, or people. This is the kind of networking that is at the core of a smart payment automation platform and therefore, at the core of future growth.

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80% cost reduction. Save time. Get cashback. Discover our unique payment automation solution.

Process electronic invoice payments with just one click.

Supplier relationship management is key to success: order matching receipts and invoices paid on time future-proofs it.
 
With YoozPay's easy, powerful, and smart technology you can simply select the invoice to approve and amount to be paid or short paid, then choose the payment method (Virtual Card, ACH, eCheck, Paper Check). The YoozPay system automatically sends the payment to your vendor, proposes one or more payment options (Virtual Card, ACH, eCheck, Paper Check), waits for payment confirmation, and updates invoice payment status in Yooz and in your ERP. 
 
Don't take our word for it! Ask our customers!
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The Advantages of Payment Process Automation


When it comes to a manual payment solution, few Accounts Payable (AP) teams can complain about having nothing to do. Quite the opposite. A constant influx of invoices, purchase orders, receipts and other documents require their unwavering attention. Day in and day out, the AP pros have to make sure invoices are processed, reviewed, approved, and paid on time. The work is uninteresting and often unstimulating but even worse, the bigger the workload the slower - and more costly - the process.



Unfortunately, managing all this paper is still a big problem for far too many organizations. When Yooz surveyed 1,200 finance professions in the US and seven other countries for the second edition of “The State of Automation in Finance” report, we found that they were well aware that shuffling paper creates unnecessary problems and costs.



The solution? Automation. Repetitive and high-volume workflow processes are exactly where having payment process automation in place can be a game-changer.

Acing the Accounts Payable Payments Process


No matter if it arrives in an envelope or with a little “bing” in your inbox, every time an invoice comes in, the race is on to get it processed, reviewed, and paid in as little time and with as little effort as possible. All the while making sure you don’t get tripped up by errors, duplicates, or fraudulent submissions. There are two ways to proceed: manual entry is without question the least efficient method to deal with invoices because it’s slow, labor-intensive, costly, and prone to mistakes. The other way - the best way - to process invoices fast, securely and at scale is accounts payable automation.


AP automation will turn what used to be a back-office cost center into a value driver for the entire company and a beacon of digital transformation. Once you have real-time financial intelligence about the goods and services you purchased at your fingertips, you'll quickly forget about the "manual days". The accounts payable payment process won't be a struggle, it will become much smoother and help you optimize cash management.

The Benefit of ePayables

 

There are significant benefits to using ePayables, especially as part of an end-to-end AP automation process. As a result, these benefits - reducing manual processing, lowering cost per payment, increasing security (decreasing the chance of fraud), improving accuracy, helping to optimize working capital, and more - are driving a migration from the use of paper checks to virtual cards.

The Case for B2B Virtual Cards

 

The payment process between a merchant and buyer is generally straightforward: there is a transaction and there is an exchange. When it comes to true automation – one that extends all the way through automatic payments – businesses are turning to digital payments for both internal and external Business-to-Business (B2B) transactions.

Of all the choices available, what makes B2B virtual cards a must have?

Benefits of ACH Payments for Vendors and Businesses

 

There are several benefits of ACH payments for vendors and businesses from saving time and money to increased security and better control over your cash flow. Explore further why so many organizations are turning to this form of payment as a stepping stone to other types of ePayables.

It’s All About Choice: Digitalizing B2B Payments

 

The B2B payments industry is constantly innovating to make digital payments simpler, safer, more efficient, and faster. There are now more ways than ever before to make B2B payments, so understanding this changing landscape is critical for businesses to ensure that they are making the right decision on which B2B payment solutions suit their needs the best.

Streamlining Operations from Invoice to Pay

 

In today's fast-paced business landscape, the time that it takes to process and pay invoices can significantly impact an organization's efficiency and bottom line. By automating the entire invoice-to-pay process, businesses can compress cycle times, capture early payment discounts, and free up valuable resources for more strategic financial activities.

What is the Invoice Payment Process?

 

Struggling with invoice payments? Explore how to unlock efficiency using an automated invoice payment process. From crucial steps to signs that your process needs help, from key benefits to actual implementation, we guide you through the entire process.

What is a Virtual Credit Card?

Unlock the potential of virtual credit cards – a digital shield against cyber threats for rapid, secure transactions. Delve into reinforced privacy and streamlined business processes as you learn what is a virtual credit card and what it can offer. Navigate through potential limitations and advantages while embracing heightened security, seamless integration, and efficient financial management. 

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