Yooz & Touchstone partner to integrate AP automation

Yooz has announced a strategic partnership with Touchstone FMS to integrate its accounts payable automation solutions with Touchstone's Infor SunSystems.

The partnership aims to address the challenges faced by UK businesses in the current economic climate, marked by financial pressures and evolving regulatory requirements. The integration seeks to offer Touchstone FMS clients an efficient and scalable financial management solution by incorporating Yooz's AI-powered accounts payable and purchase-to-pay automation capabilities into the Infor SunSystems Cloud.

This collaboration is particularly timely in view of the forthcoming changes to UK National Insurance in April 2025, which are expected to increase employer costs. This development underscores the necessity for businesses to maximise productivity with existing staff by leveraging automation technologies.

The adoption of automation technology allows companies to free finance teams from repetitive manual processes, thereby reducing operational costs and improving efficiency. Yooz's integration with Infor SunSystems Cloud is designed to revolutionise financial operations by automating tasks like invoice processing and approval workflows, promising a future-proof financial management approach.

Florian Noiret, EMEA Head of Sales at Yooz, stated, "Our new partnership with Touchstone FMS is a significant step towards our mission of empowering businesses with best-in-class AP automation solutions. As businesses face increased financial pressure from rising employer costs and a rapidly evolving regulatory environment, the need for AI-powered finance automation has never been more urgent."

Richard Ray, Head of Products & Solutions at Touchstone FMS, expressed his enthusiasm, saying, "We are thrilled to partner with Yooz. Their expertise in AP automation perfectly complements Infor SunSystems Cloud, allowing us to offer our clients a comprehensive and innovative approach to managing their financial operations."

The partnership is expected to equip businesses to automate complex accounting processes efficiently, thereby reducing costs and enhancing accuracy and efficiency. This shift towards automation not only ensures compliance with evolving regulations but also enhances financial management capabilities by integrating compliance checks, reducing risk, and improving governance.

According to Yooz, businesses transitioning from manual processes to intelligent automation could see a reduction in accounts payable processing expenses by up to 80%. This move is crucial for maintaining agility, compliance, and competitiveness in an increasingly digital economy.

Florian Noiret added, "The partnership between Yooz and Touchstone FMS reflects the growing importance of strategic collaborations in the financial technology space. By working together, companies can leverage each other's expertise to provide greater value to businesses navigating digital transformation. As the industry as a whole grapples with the challenges of rising costs, regulatory complexity, and the need for greater efficiency, investing in intelligent automation is key to driving resilience, reducing risk, and unlocking long-term growth."

Noiret further commented, "Businesses need technology that not only streamlines workflows but also provides the necessary agility to adapt to changing regulatory landscapes and cost pressures. Yooz brings that capability to the table, making this an exciting and highly valuable partnership."

The integration of Yooz's advanced AP automation with Infor SunSystems Cloud will enable businesses to automate accounting processes effectively. Noiret emphasised, "This isn't just about savings, it's about enabling finance teams to focus on strategic, value-added tasks. In 2025, a seamless, automated, and compliant financial system is no longer optional, frankly, it's essential. We are excited to expand access to this powerful solution with Touchstone FMS."

In conclusion, Yooz and Touchstone FMS look to transform accounts payable from a back-office function into a strategic driver of success, according to Noiret.