Yooz Celebrates Another Year of Big Wins
Yooz, a leading purchase-to-pay (P2P) automation provider, is accelerating into 2023 with a growing list of key clients, growing loyal customer base, internal growth, global recognition and prestigious industry and workplace awards – further positioning the company as a top solution in the FinTech industry.
New key clients helped propel the company into 2023, including Paula’s Choice, a popular worldwide skincare brand and FREE NOW a mobility app with more than 56 million users across 16 countries and over 170 cities.
At FREE NOW, the implementation process started with Austria, the country that had at that time the smallest number of invoices. Once the teams felt comfortable with Yooz and the new processes, other entities followed with the same logic: countries with smaller volumes of invoices first – such as Poland, France, UK, Ireland, Spain Portugal, Italy, Austria and Romania – and the biggest one, Germany, at the end.
In total FREE NOW onboarded 10 subsidiaries in 6 months! “The accounting team used to spend one to two weeks processing an invoice as they had to juggle with different systems. Getting approval could take a long time as well. Now the whole process only takes 3 to 4 days,” says Mira Karp, subledger accountant at FREE NOW.
Growth and Strategic Changes
Alongside Yooz’s external accomplishments, the company announced earlier this year that former COO/CIO Laurent Charpentier was appointed global CEO of Yooz. The move supported the unparalleled international growth the company has seen over the last year, a trend predicted to continue in 2023.
Yooz also announced a slate of new product features this year, including goods reception, in-app chat, enhanced search capabilities and invoice attachment management – a feature unique to Yooz that was created to make faster, better-informed decisions easier than previously possible.
“Our unrivalled growth this year and latest features further speak to how Yooz truly listens to our client’s needs and is leading the charge to anticipate the rest of the market’s needs as well,” said Charpentier. “Looking ahead, Yooz is planning to home in on helping our global customer base cushion the blow of inflation and support initiatives for more efficient and cost-effective processes – helping spur both Yooz and our customers toward sustainable innovation and prosperity into next year and beyond.”
Awards and Recognitions
Spend Matters, a research-based publication dedicated to examining procurement and supply chain issues, released its annual 50 Providers to Know and 50 Providers to Watch for in 2022. Yooz has consistently caught the eye of the publication’s team of technology analysts as an up-and-coming procurement player and was named one of the Top 50 Providers to Watch for the fifth time. This award is given to recipients following a 12-month assessment conducted by the publication’s analysts to determine the best-in-class, high-momentum players in the industry.
Along with this distinction, Yooz was awarded both high user adoption and a high mid-market performer G2 badge, based solely on favourable customer reviews – further highlighting Yooz’s growing prominence in the marketplace and their commitment to their customers.
In November, Yooz was announced as the Document Manager Awards 2022 winner of the Accounts Payable/Invoicing Product of the Year, the outcome of exceptional work and collaboration of every member of the Yooz team as well as the research and innovation implemented in the slate of new product features released in 2022.
Yooz also garnered recognition from Great Place to Work® for the second consecutive year, an award given based on anonymous employee feedback. This year, 93% of Yoozers said Yooz is a great place to work compared to 57% of employees at a typical company – highlighting Yooz’s continual dedication to fostering an upbeat working environment.
“Our entire team has been working so hard to provide the best solutions and user experience for our customers,” said Laurent Charpentier, Yooz CEO. “It’s always an honour to receive recognition for our efforts, especially one that coincides with our own internal initiative to cultivate a positive and inclusive workplace.”