Yooz, provider of cloud-based purchase-to-pay (P2P) automation solution, has announced a new global partnership with global technology giants Microsoft.
Through the newfound partnership, Yooz will utilise the Microsoft Azure cloud platform to power its paperless accounts payable systems in a bid to provide a more ‘efficient and secure’ solution.
Combining the two products is expected to increase the value of firms finance, accounts and purchasing departments thanks to Azure’s ability to streamline and automate processes.
François Lacas, Deputy Chief Operations Officer, Yooz noted: “By combining our expertise, we hope to offer a unique customer experience with a solution that is in perfect alignment with the main requirements of finance professionals as regards supplier accounts: reactivity, performance, flexibility and security.
“Creating the environment of trust and performance expected by companies and professional accountants, the partnership uniting Yooz and Microsoft is a major factor in the accelerated digital transformation of organisations, supported by AI and the Cloud.
“At every level of our organisation, every Yooz employee is proud to depend on this solid and sustainable collaboration to better serve our clients and our ecosystem.”
Yooz enables the ability to capture invoices (paper or electronic) by applying artificial intelligence technologies to the processes. The solution also manages the approval and electronic payment procedures, integrating into over 200 accounting and ERP software programs worldwide.
Introducing the power of Azure is expected to impact numerous areas of operations including eliminate the risk of document loss, standardise document collection and reduce data-entry time for invoices, claimed to be half of its previous time.
Furthermore, the Azure cloud technology enables users to access and share all digital documents in real time while ensuring that processes are legally compliant and fully traceable.
“The digital transformation of companies is at the heart of the Microsoft mission,” added Jérôme Barrier, Small, Medium and Corporate Lead, Microsoft France.
“Whatever their size, our ambition is to provide them with solutions that are ever more innovative and effective on a daily basis. Our partnership with Yooz is fully in keeping with this ambition and we are delighted to be able too make their offer available to all of our SME and partner clients.”