Yooz Client Success Story - Mazars

Summary

Business: Mazars

Location: Paris, France

Industry: Audit, accountancy, tax, legal, and advisory services

ERP/Accounting Software: Sage 50 - Xero - Netsuite - SAP - Ellios, CEGID, Akuitéo

Number of Invoices: 20,000+ /month

Traceability

Improved audit trail and client visibility into process

Simplicity

Improved integration with different software

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Savings

Improved processing time and costs,
+25% transaction volumes each year

Speed

Faster archiving and filing of documents

Trust / Reliabiliy

Improved collaboration with clients,
closer working relationships

“Yooz has given us the ability to provide new offerings to our clients —who all process large volumes of invoices— allowing them to improve their efficiencies. Previously we struggled with this, and now we’re rolling out Yooz as a standard processing tool to support all of our large clients and help them achieve their business goals.”

- James Smalley, Accounting and Outsource Partner

Mazars AP Challenges and the Yooz Solution Fit

In 2012, with clients using a range of different software, Mazars began looking for an automated standardized approach to replace its completely manual invoice payment system. The firm thought Yooz was the perfect solution to address these needs:

A more flexible and scalable AP processing system
An AP processing system that would scale as its high volume of clients continued to grow, along with the technology and solutions to support them
A fast and easy new client set-up, without having to rely on IT specialists to come in and provide services
Improved efficiency, reduced processing time, improved quality and smarter insights into financial information
On-demand access to all data electronically moving forward

Following a successful trial period the firm aimed to roll out the new payment processing platform to all of its outsourcing clients.

Main Pain Points

All invoices processed manually
Manual approval process
Multiple clients all using different software
Keeping pace with fast-growing clients
Staying flexible while standardizing processes

How Mazars and Its Clients Benefited from the Yooz Flexible, Scalable AP Processing Solution

“We developed a close working relationship with Yooz,” Smalley explains. “The team understood the work flows that we needed and was very responsive in answering our questions. The implementation process was smooth, quick, and efficient. After a successful trial we plan to rollout the Yooz platform to all of our clients.
We’re also looking at additional customization around the work flow and processing of invoices.”

So far Mazars has transitioned 45 of its clients to the Yooz AP Automation platform.

"We now have a lot of space for new desks in our office, and that’s good for our staff,” Smalley says. Overall,Yooz provides his firm with an excellent return on investment and has even had a positive impact on office life. “I’d call it a win for everyone.”

It’s all about the results

Mazars has experienced several benefits from implementing Yooz:

As a cloud-based solution, sharing information is easier and enhances the entire organization’s visibility.
Going paperless has improved collaboration with its clients, leading to closer working relationships.
Processing time and costs have held steady, even though transaction volumes have been growing at a brisk pace of 25% each year.
The amount of time spent on filing and archiving documents has been reduced, and space is freed up with fewer filing cabinets.

Ready to see the difference Yooz can make in your AP process?

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