Aubade, the lingerie fashion brand, has announced the integration of Yooz automated purchase-to-pay (P2P) software to digitize and secure its accounts payable services in the UK.
Yooz’s automated account technology will provide Aubade with 80% automation rates – the highest automation rate on the market – cut invoice processing time from weeks to just a few days, and decrease administrative costs by around 70%.
Yooz self-learning technology combines real-time Artificial Intelligence, Big Data and Deep Learning to automate the entire invoice system – from invoice creation right through to payment - for better visibility, accuracy, and security in the finance function.
Aubade employees benefit from a ‘zero touch’ process, with invoices automatically scanned, recorded and transmitted by Yooz into Aubade’s Infor Anael financial system and sent to financial leaders for one-click validation from their PC, tablet or smartphone.
Documents processed and validated using the Yooz purchase-to-pay system are archived for 6 years, with a full text search engine making it quick and easy to find historical invoices for auditing purposes.
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