London-based Residence Club, The Other House, has partnered with cloud-based purchase-to-pay (P2P) automation provider, Yooz, to simplify its accounts payable (AP) process into Sage Intacct.
With Yooz, invoices emailed from suppliers are now automatically recorded, analysed, and processed for payment within The Other House’s Sage Intacct accounting system without any need for human intervention.
Backed by AI, Machine Learning, and Optical Character Recognition (OCR) technology, the accounts payable solution allows The Other House finance team to make faster, more accurate financial decisions as well as adopt more secure processes.
The Other House is pioneering a new hospitality concept that is shaped through a residential lens rather than a conventional hotel approach. Located on leafy Harrington Gardens in South Kensington, the experience offers guests the perfect city spot they can call their “other house”, no matter how long they stay.
After conducting extensive research, Ashley Slinger, Senior Finance Manager at The Other House, selected Yooz as its AP automation solution to address its financial reliability, integration, and user experience needs.
“The quality of integration with Sage Intacct ERP was key in our selection process. Prior to Yooz, the bookkeeper had no clear and overall vision of the AP process, whereas now we can see in real-time where invoices are in the approval flow,” Slinger said.
“What’s more, the project management team was very reactive and professional, implementing the system in less than 2 months. Because the platform is so easy to use, staff only needed a few minutes of training, and they can now also benefit from the Cloud by being able to process invoices wherever and whenever they wish.”
Laurent Charpentier, CEO at Yooz said, “The powerful combination of Sage Intacct and Yooz means The Other House can get the most out of accounts payable automation. Not only is the invoicing management and approval process simplified, but it also brings a level of accuracy, speed, and security unrivalled by any other system on the market. This will help bring down the cost associated with manual accounts payable as well as streamline the supplier payment process - a win-win for both sides.”
Yooz provides the smartest, most powerful and easiest-to-use cloud-based Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed and security with affordable zero-risk subscriptions to more than 4,000 customers and 200,000 users worldwide.
Yooz’s unique solution leverages Artificial Intelligence and RPA technologies to deliver an amazing level of automation with extreme simplicity, traceability and end-to-end customizable features. It integrates seamlessly with more than 250 financial systems, exceeding any other solution on the market.
Yooz is a fast-growing, award-winning, SaaS innovator that is the perfect fit for mid-size organizations across all sectors. It has been recognized as a Great Place to Work®, 10 Best Cloud Solution Provider by Industry Era, Best of SaaS Showplace (BoSS) by THINKstrategies, Top 10 Accounting Solution Provider by CFO Tech Outlook, and Top 50 Company to Watch by Spend Matters.
Yooz is based in the US and Europe, with a UK Office located in Woking – Surrey.
Visit us on www.getyooz.co.uk
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