Yooz announced today that it will enter into a strategic partnership with SnapCheck, a leader in digital payment solutions.
The Yooz solution leverages advanced technologies like A.I., machine learning, and optical character recognition (OCR) to automate the AP workflow, from capturing data to exporting payment; reducing processing time from weeks to days and reducing costs per invoice from an average of $16 to an average of $3.
And SnapCheck digital checks marry all the familiarity of traditional business checks with the safety, speed, and security of modern payment technology—all from within your business solution.
SnapCheck gives businesses, consumers, banks and credit unions the ability to save over $50 billion a year in costs and $20 billion a year in fraud losses. Both the Yooz and SnapCheck platforms seamlessly integrate with most financial solutions and ERPs for a complete end-to-end procure-to-pay (P2P) workflow.
“Yooz carefully evaluated digital payments providers as potential strategic partners, and the reasons why SnapCheck is a leader in the digital payments industry immediately became clear,” said Yooz North America COO and chief innovation officer, Laurent Charpentier. “Many businesses still prefer to pay vendors and suppliers by check, and our combined solution will flawlessly automate and digitize from end-to-end what used to be a very manual and time-consuming process.”
Ken Kruszka, CEO of SnapCheck Inc., agrees. “It’s a great opportunity to partner with Yooz to help businesses modernize their accounts payable processes. Through the combination of Yooz’s invoice management automation platform and SnapCheck’s instant digital check payments, businesses can achieve an entirely paper-free back office.” He goes on, “We believe in partnering only with the very best, and in our evaluation, Yooz stands head-and-shoulders above other invoice processing providers.”
A key factor in Yooz’s growth is its passionate 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,” concludes Charpentier. “Our strategic alliance with SnapCheck will help us continue to serve our customers, turning them into Yooz champions and sharing their success stories with others embarking on the AP automation journey.”
Yooz and SnapCheck will be exhibiting and demonstrating their respective platforms at AFP 2018. Yooz will be located at Booth #450. SnapCheck will be located at Booth M3 in MindShift Row.
About Yooz
Yooz, Inc. is a global, multiple award-winning, cloud-based purchase-to-pay (P2P) solution that solves for today’s finance professionals’ top AP workflow challenges by providing a simple, secure, end-to-end P2P platform that integrates with more than 175 ERPs. It leverages and optimizes powerful features and emerging technologies that unleash the creative and innovative power of finance teams.
Yooz North America is based in Dallas, Texas with international offices in France and the United Kingdom. For more information, visit https://www.getyooz.com/
About SnapCheck
SnapCheck Inc. is on a mission to eliminate paper checks and help businesses modernize their accounts payable processes. Through SnapChecks award-winning Digital Checking Platform (named Best Payments API by API:World), organizations can realize the benefits of payments digitization without the cost and risk of overhauling back-office business processes.
For more information, visit www.goSnapCheck.com.