Yooz, the cloud service that lets businesses streamline their entire accounts payable (AP) workflow end-to-end, has announced that independent hotel management firm Aimbridge Hospitality is expanding the handling of travel and expense (T&E) reports powered by Yooz across its entire portfolio of more than 450 properties in the U.S. and abroad. Seamless T&E automation by Yooz is a key element of Aimbridge’s transition to cloud-based processes since it lets the firm quickly and efficiently capture and approve documents as it adds more properties to its global footprint.
Aimbridge corporate staff has been using the T&E workflow, which is part of a full AP automation suite by Yooz, since 2015 to capture, file, review and approve T&E-related documents, as well as initiate reimbursement payments. By rolling out this T&E function to its managers at all of its properties in the U.S. and three other countries, the Company will realize significant time savings and improve timeliness and visibility within its profit and loss reporting. Aimbridge currently manages more than 450 hotels, varying from limited service hotels to full-scale resorts and covering brands such as Hilton, InterContinental, Marriott, Starwood, Hyatt, Hard Rock Cafe and Wyndham. Just in the past year, Aimbridge acquired three other management companies, effectively doubling its portfolio of properties.
“Streamlining our T&E workflow with Yooz was so easy, quick and intuitive that we look forward to providing the same great functionality to the general managers at all our properties by the end of this year. We are growing rapidly, and Yooz enables us to add new hotels in a matter of minutes. Automation in the cloud has cut our cycle time to file, review and reimburse T&E reports from four to five weeks down to a couple of days. Besides speed, T&E invoices processed in Yooz are now more timely captured in the P&L statement of each property,” said Kevin Detz, Senior Vice President and Controller of Aimbridge Hospitality.
Yooz lets companies update the time-consuming, manual entry of travel and expenses reports, bringing almost instant gains in efficiency and visibility to the financial workflow. As a pure cloud-based service with no upfront investment in new hardware or software, Yooz is the most cost-effective and efficient way to capture all relevant documents, including purchase orders and paper invoices. Traveling staff can capture and submit T&E documents with a mobile device, as well as review them to monitor processing activities and managers’ approvals anytime, anywhere.
“We are proud that Yooz has quickly become an important part of Aimbridge’s strategic transition to cloud-based processes. AP automation does more than just cut cycle times and processing costs, particularly in the very competitive hospitality industry with many employees and operators spread out across many locations and often countries. Moving to the cloud and going paperless can also have a tangible effect on the bottom line,” said Laurent Charpentier, Chief Innovation Officer, Yooz North America. Companies can see a Yooz demonstration during HITEC .
