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Yooz: Vendor Analysis 2020 Update — Part 3 (SWOT, Competitor Comparisons, Selection Tips)

Yooz is one of the many providers that compete in the accounts payable automation market, and Spend Matters plans to launch its first AP Automation SolutionMap this spring. Combining a granular, AP-centric capability assessment with real-life customer reviews gives a deeper understanding of specialty vendors like Yooz. Initially, the AP Automation ratings will be published as a stand-alone benchmark ranking. The Invoice-to-Pay (I2P) SolutionMap rankings will eventually be enriched with AP Automation functional requirements as well.

This Spend Matters PRO Vendor Snapshot series provides updates since our 2018 review of Yooz. The three-part series includes facts and expert analysis to help procurement organizations make informed decisions about Yooz’s solution offering in payment automation and e-invoicing markets.

Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Yooz for finance technology. Part 2 covered product strengths and weaknesses.

This final installment offers a vendor SWOT analysis and competitor comparisons with vendors like Coupa, Basware, SAP Ariba, Oracle, Tipalti and Medius. It also includes more evaluation and selection considerations.

Yooz: Vendor Analysis 2020 Update — Part 2 (Strengths and Weaknesses)

complex sourcing

Yooz is a specialized middle-market software provider in the accounts payable automation sector with particular expertise in rapid deployment and broad-based support for payables processes. Its capabilities include invoice capture, validation and approval, ERP integration and AP payment processing through its partner ecosystem. (Given its focus on the middle market, areas like global compliance, supplier financing and robust supplier portal features are not yet a focus.)

This three-part Spend Matters PRO Vendor Snapshot Update looks at Yooz since our 2018 review. Today’s Part 2 of the series explores Yooz’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should consider the provider. We note updates in invoice capture, integration partnerships, payment processing partnerships and workflow. Areas of needed improvement include UI/UX, analytics and master data capabilities.

Part 1 of our analysis provided a company and detailed solution overview and a recommended fit list of criteria for firms considering Yooz. The third part of this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

Yooz: Vendor Analysis 2020 Update — Part 1 (Background, Solution Overview, When to Consider Yooz)

Yooz is a specialized accounts payable automation software provider that also offers adjacent capabilities in e-invoicing. Yooz supports 3,000 customers and 200,000 users worldwide, primarily mid-market companies that have $10 million to $500 million in revenue and that process more than 100 invoices a month.

Yooz competes in the diverse, sometimes confusing and overlapping procure-to-pay (P2P), e-invoicing and accounts payable automation ecosystems — with an emphasis on AP automation.

This Spend Matters PRO Vendor Snapshot offers an update since our 2018 review, noting that Yooz has since invested in its payments capabilities and that it has several features in beta testing.

The three-part series provides facts and expert analysis to help accounts payable and procurement organizations make informed decisions about whether they should explore this software provider within these ecosystems.

Part 1 of our analysis offers a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Yooz as a complement to other procurement and finance solutions. The remaining parts of this research brief will cover product strengths and weaknesses, insights on competitors, a SWOT analysis, and insider evaluation and selection considerations.

Yooz: Vendor Analysis (Part 3) — Competitive and Summary Analysis

Yooz is one of the dozens of providers that frequently compete in the accounts payable automation market. This specific market is a bit difficult to “bound” as it represents a narrower “cut” of the functional requirements in Spend Matters’ invoice-to-pay SolutionMap — yet with more granular requirements in support of specific AP-centric (and sometimes industry-specific) needs.  

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about Yooz’s solution offering in payment automation and e-invoicing markets. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Yooz in the finance technology areas. Part 2 covered product strengths and weaknesses, and this final installment offers a competitor and SWOT analysis, along with evaluation and selection considerations.

Yooz: Vendor Analysis (Part 2) — Product Strengths and Weaknesses

improper payments

Yooz is a specialized middle-market software provider in the accounts payable automation sector with particular expertise in rapid deployment and broad-based support for payables processes. Its capabilities include invoice capture, ERP integration, AP workflow and payment integrations. (Given its focus on the middle market, areas such as supplier portal, global compliance and supplier financing are not yet a focus.)

This Spend Matters PRO Vendor Snapshot explores Yooz’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should consider the provider. Part 1 of our analysis provided a company and detailed solution overview and a recommended fit list of criteria for firms considering Yooz. The third part of this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

Yooz: Vendor Analysis (Part 1) — Background and Solution Overview

e-invoicing

Primarily targeting the middle market, Yooz is a specialized accounts payable automation software provider that also offers adjacent capabilities in e-invoicing. It supports 2,000 customers in a subset of the broad-based procurement software category Spend Matters describes as invoice-to-pay (I2P). Yooz competes in the diverse, sometimes confusing and overlapping procure-to-pay (P2P), e-invoicing and accounts payable automation ecosystems — with an emphasis on the latter.

This Spend Matters PRO Vendor Snapshot offers an introduction to Yooz, providing facts and expert analysis to help accounts payable and procurement organizations make informed decisions about whether they should explore this software provider within these ecosystems. Part 1 of our analysis offers a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Yooz as a complement to other procurement and finance solutions. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.