REPAY Holdings Corporation has integrated its payment solutions directly into Yooz’s accounts payable (AP) automation software, aiming to enhance vendor payment processes for businesses across various industries.
The collaboration extends REPAY’s payment capabilities to a broader range of organizations, particularly within the automotive, heavy trucking, construction, and manufacturing sectors. This integration is designed to help organizations reduce accounting errors, mitigate risks associated with inaccurate or delinquent payments, and foster stronger vendor relationships.
By embedding REPAY’s technology into the Yooz platform, organizations can gain improved cash flow visibility, achieve greater financial agility, and benefit from accurate, on-time payments, fraud protection, and digital-first execution. The partnership facilitates the transition from traditional paper checks to digital payment methods, such as virtual cards and ACH, thereby modernizing AP processes and bolstering payment security.
John Gronen, CFO at Yooz, commented on the integration, stating, “The new payment capabilities enabled through our partnership with REPAY mark a significant step forward in our mission to help organizations achieve Lean Financial Operations™ by automating AP processes and improving financial visibility.” He added that REPAY’s technology enables Yooz to offer “a more efficient and modern all-in-one AP experience,” allowing customers to “cut waste, reduce costs, and strengthen their financial agility.”
REPAY’s automation technology aims to boost productivity and ensure timely vendor payments by minimizing manual processes, which are often sources of errors and delays. This automation seeks to prevent unnecessary resource expenditure caused by late or incorrect payments, thereby freeing accounting and finance teams to focus on more strategic tasks. The goal is to enable organizations of all sizes to achieve greater operational efficiency through elevated financial management.
Darin Horrocks, Executive Vice President of Business Payments at REPAY, remarked, “Embedding REPAY’s vendor payment capabilities into Yooz will further transform the AP automation experience for their customers.” He concluded that the partnership provides “an end-to-end automated AP experience, supporting streamlined operations and the realization of business growth goals.”
Yooz offers financial operations automation solutions aimed at reducing waste, risk, fraud, and errors, while promoting growth and profitability. The company delivers Lean Financial Operations™ through a combination of a flexible workflow engine, real-time applied AI, data insights, an intuitive user experience, and comprehensive end-to-end transparency, protected by AI-driven document fraud protection. Yooz serves over 7,000 customers globally and has processed more than 300 million invoices. Yooz North America is based in Dallas, TX, with additional global offices in Europe.
REPAY specializes in integrated payment processing solutions for verticals with specific transaction processing needs. Its proprietary, integrated payment technology platform is designed to simplify electronic payments for clients and enhance the overall experience for consumers and businesses.
