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Payment Automation

Our powerful Yooz solution, with the addition of YoozPay, automates the entire AP process from purchase to payment in one easy-to-use platform that you can securely access anytime from anywhere thanks to our unique combination of advanced technologies based in the Cloud.  

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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.

Speed Through Invoice-to-Pay in Record Time

 

The invoice payment process is a basic yet vital back-office task that can either make or break a company. While each point in the process used to be an opportunity for error due to time consuming manual tasks, Accounts Payable automation is now a gamechanger. Cloud-based automation platforms such as Yooz allows companies of any size in any industry to streamline their entire process and speed through invoice-to-pay processes in record time.

You can potentially create a new revenue stream via automation by rendering your entire invoice and payment process easy, fast, and secure in just one hour.

YoozPay: Get Cash Back with The Easiest Automated Digital Invoice Payment Workflow

YoozPay empowers your organization with the simplest and most flexible automated digital invoice payment workflow.

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The Optimal Invoice Payment Process


It's hard to get invoices paid on time consistently. Envelopes, emails, faxes, and for some electronic invoices stream in that need to be processed, entered into the accounting software of choice and then reviewed, approved, and finally paid.

Errors, exceptions, and inquiries can hold up the invoice payment process at any time. Even if all the details check out, the last and final step of initiating payment is an unnecessary obstacle for many companies. They have partially gone digital but still, end up cutting checks. The solution to streamline the entire P2P process is automated invoice and payment processing.

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 your electronic invoice payment in 1 click.

 
It’s no surprise that supplier relationship management is key: order matching receipts and invoices paid on time future-proofs it.
 
With YoozPay's easy, powerful and smart technology, 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 1 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.

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