Yooz Marks Ten Years of Innovation in North America
In 2014, Yooz, France-based purchase-to-pay (P2P) automation provider, ventured into the U.S. market with a mission: to revolutionize the accounts payable (AP) automation landscape. Now, a decade later, Yooz is celebrating its ten-year anniversary, reflecting on a journey marked by innovation, growth, and a relentless pursuit of excellence. As Yooz continues to lead the AP automation industry, it’s clear that its impact on the U.S. market has been both profound and transformative.
From Newcomer to Industry Leader
When Yooz entered the U.S. market in 2014, it quickly gained traction with a strong foundation built on advanced technology and a commitment to solving real-world problems for finance teams. Over the past decade, Yooz has evolved into a recognized leader in AP automation, both in the U.S. and Europe, consistently delivering cutting-edge solutions to meet the dynamic needs of its customers.
Laurent Charpentier, CEO of Yooz, reflects on this time: “We’re proud of our incredible journey and the impact we’ve made in the AP automation space in the U.S. We’ve grown significantly from a new player to a recognized leader in AP automation, with impressive growth in our customer base and employee headcount, made possible by our pioneering use of AI and a dedicated team focused on solving our customer experience and satisfaction. As we look back on the past 10 years here, we celebrate our achievements and the culture of collaboration and innovation that made it all possible.”
Yooz’s success in the U.S. market can be attributed to several key milestones and achievements that have defined its journey, including the launch of Yooz Rising in 2020, a platform that enhanced AP automation standards by offering advanced features like AI-driven invoice processing and big data analytics in a user-friendly interface. Additionally, YoozPay, a payment automation solution, was introduced to streamline payment processes with seamless integration and enhanced security. Yooz has expanded into AI, machine learning, and RPA with continuous investments in deepening its capabilities to stay ahead of the curve.
Yooz’s U.S. team now boasts over 100 employees with its homebase in North Texas. The company has also strategically expanded its executive team, bringing in top talent to drive strategic initiatives and foster innovation. These hires, including a new CFO and CRO, have played a critical role in Yooz’s development and success in the U.S. market.
Looking Ahead
As Yooz celebrates its ten-year anniversary in the U.S., the company is not resting on its laurels. Instead, it’s looking to the future with plans to continue growing by expanding its direct sales strategy and developing its indirect sales channels with referral partners and resellers.
Additionally, Yooz plans to continue to release surveys and reports that provide valuable insights into the operational challenges finance teams face—challenges that often prevent them from acting as strategic drivers within their organizations. Recent studies, such as the 2024 Yooz Survey: Leaders vs. Ledger highlight the critical role of automation in helping finance teams realize their full strategic potential.
Reflecting on the company’s success, Charpentier adds, “Our success can be credited to our unwavering commitment to innovation and excellence, as well as the incredible work and dedication of our team. We hope to continue providing cutting-edge technology with a relentless focus on delivering unmatched value to the SMB market for years to come.”
