Multi Award-Winner P2P Provider, Yooz North America, Reports...

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Multi Award-Winner P2P Provider, Yooz North America, Reports Mid-Year Triple Digit Growth

CFO Tech Outlook | Friday, November 30, 2018

Multi award-winning cloud AP automation innovator, Yooz North America, reports 100% revenue growth mid-year 2018, and a 105% increase in new clients year- over-year based on comparative time period, from industry sectors such automotive, restaurant, manufacturing, finance, not-for-profit, and technology, to name a few. In addition to record growth in revenue and client acquisition, client retention remains at historical levels—over 98 percent—with customer satisfaction scores at 4.5 on a 5.0 scale.

Yooz credits its exponential growth to several factors. As today’s finance leaders are looking to solve for their top workflow challenges, they are considering technologically advanced solutions that are customizable, smart, simple to use, and offer time and cost savings. “We are committed to investment in R&D,” says the company’s chief innovation officer and COO, Laurent Charpentier, “and we look forward to continuing to drive platform innovation by leveraging emerging technologies and value-add features that further improve AP automation and functionalities.”

Another key factor of the company’s growth is its commitment to its customers. “Our growth and success only matter if our solution is helping our customers successfully scale and increase profits in a sustainable manner,” comments Melissa Hendrick, vice-president of marketing, Yooz North America. “Our job is to not only serve our customers, but to turn them into Yooz champions and share their success stories with others embarking on the AP automation journey.”

Yooz client, spokesperson, and champion, Adam Maurer, CPA, CFO, Deutser consultancy, says of the company, “The team at Yooz adds value to our company by offering industry best practices for us to consider.” He goes on, “They don’t just bring a typical solution, but one that helps us be better ourselves and better for our clients.”

It all must be working. In addition to the financial growth the company is experiencing, Yooz is proud to be the recipient of multiple awards and recognitions as an innovator in the areas of SaaS (software-as-a-service), finance, and technology—more than any other provider in the space. 2018 awards include: FinTech 2018 Breakthrough Award, Best of SaaS (BoSS), CFO Tech Outlook’s Top 10 Accounting Solution Providers, Industry Era’s Top 10 Cloud Solution Providers, and Spend Matters Top 50 Providers to Watch (for the second year).With the Yooz solution, invoices and documents can be approved, mailed, scanned, or processed within seconds. And the platform seamlessly integrates with most financial solutions and ERPs for a complete end-to-end procure-to-pay (P2P) workflow. According to Maurer, “With the Yooz solution seamlessly integrated with our ERP, we have a single source of the truth. Everything is captured in one place, and we have full visibility into the entire ledger.”

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Charpentier concludes, “Transparency, traceability, mobility, security, and simplicity form the hallmark of Yooz, and influences everything we do.

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