The smartest AI-powered Procure to Pay automation
Our procure to pay automation provides end-to-end visibility and control in even the most complex financial environments. Every stage of your processes, from procure to pay, is powered by data, insight, and AI – so you can cut waste, errors, and complexity for leaner, fitter, and more efficient operations.
Expert AI
Knowledge
Deep financial processes and functional expertise powered by our intelligent proprietary AI
Simple
Process Flex
Our unique flexible workflow engine for easy process configuration and change, as well as the ability to handle your wildest routing dreams
Ops
Transparency
AP data insights to improve flow, cut errors and drive productivity by 80% or more
Secure
Financial Ops
The most comprehensive procure to payment automation protection on the planet powered by data, insights and AI
From Procure to Pay and everything in between
Yooz’s Procure to Pay automation covers the full breadth of our AP automation, along with the following features that allow for end-to-end transparency and control of your financial operations:
PR and PO creation and approval
Create purchase requests of various types (quantity based, amount based, contract based) with supporting quotes and submit them for approval, automatically generate and send approved POs to your vendors to increase spend control and eliminate fraud.
Automated workflows for POs and invoices matching or GL coding and payments
Auto-Match your invoices with POs and delivery receipts automatically using 2- or 3-way matching, auto-code your non-PO invoices, automate approval workflows, reminders, escalations with dynamic rules, and automate payments, all while monitoring your budget.
Goods receipts
Track quantities received on your POs, and attach a delivery receipt or any file as a supporting document.
Budget management
Get a hold of budgetary planning and access your real-time budget status. Gain a comprehensive overview of your revenue and expenses across the purchase-to-pay process. Supervise financial activities using a customizable, user-friendly dashboard.
Gain end-to-end insights that drive innovation
Spend reporting and analytics
Accurately capture and process data with spend analytics, ensuring precise reports and compliance documentation with real-time access to financial data embedded in MS Excel or integrated to your BI application, allowing you to swiftly respond to any discrepancies or compliance issues. Achieve greater accuracy and efficiency that improves strategic oversight.
Audit trail
Ensure every transaction is accurately captured and organized with accounts payable audit software that provides real-time data capture, reduces manual entry errors, and ensures records are easily searchable and accessible for your auditors.
Vendor statement reconciliation
Revolutionize how you handle your vendor statements with automated line level document matching and intelligent discrepancy detection. Automate effortlessly with omni-channel, multi-format vendor statement document ingestion, centralized capture, management, analysis and no-touch workflows.
“We are a program-based organization so it’s great that the Executive Director and other managers now have more time to do program planning instead of administrative tasks”
