Zaggle introduces Zoyer!
Summary
TLDRZoyer is a data-driven, digital-first financial management platform that revolutionizes accounts payable processes. It digitizes 100% of payables, offering finance leaders insights to manage cash outflows and enhance business performance. With a zero-touch workflow, it automates invoice reception, matching, approval, and e-payment, supporting various payment methods for greater control. Powerful analytics provide real-time visibility and control over the payables process, enabling proactive, data-driven decisions. Built on Amazon Cloud, Zoyer integrates seamlessly with leading ERP, HRMs, and accounting systems, catering to the needs of growing businesses.
Takeaways
- 🌐 The global trend is towards digital-first financial processes, emphasizing the importance of accounts payable in modern business.
- 💼 Accounts payable teams are expected to be value-added providers, offering intelligence support for informed business decisions and optimizing working capital.
- 🔄 Current manually intensive accounts payable processes hinder finance leaders from performing more strategic roles.
- ⏱️ Accounts payable practitioners spend a significant amount of time, around 50%, on transactional tasks rather than on value-adding and creative work.
- 🚀 Introducing 'Zoyer', a data-driven business management platform with embedded finance capabilities that aims to digitize 100% of payables processes.
- 📊 Zoyer provides finance leaders with insights into enterprise-wide spends, enabling optimal cash outflow management and business performance maximization.
- 🔗 Zoyer establishes a zero-touch workflow for the full cycle of accounts payable, covering everything from supplier onboarding to invoice approval and payment.
- 📑 Invoices are automatically received and processed by Zoyer using a combination of optical character recognition and advanced machine learning models for efficient data entry.
- 🔍 The system matches invoices to purchase orders and goods received notes to identify and resolve any discrepancies.
- 📲 Reviewers receive notifications via email and WhatsApp to approve invoices, with the flexibility to configure approval workflows and routing logic.
- 💳 Approved payments are converted to e-payments and support various payment methods, including real-time payments and corporate cards, enhancing control over payments and working capital.
- 📈 Powerful analytics in Zoyer offer real-time visibility and control across the entire payables process, allowing businesses to make proactive data-driven decisions to manage cash flows.
- 🛠 Built on the Amazon Cloud, Zoyer supports a range of commercial models and integrates with leading ERP, HRMS, and accounting systems for optimized time to value.
Q & A
What is the primary goal of modern accounts payable teams in the digital-first financial processes?
-The primary goal is to be a value-added provider of intelligence support to inform business decisions that optimize working capital and help businesses stay ahead of the curve.
Why do current accounts payable processes hinder finance leaders from being more effective?
-Current processes are manually intensive, with practitioners spending 50% of their time on transactional tasks, which prevents them from engaging in more value-added and creative work.
What is the name of the platform introduced to manage accounts payable more efficiently?
-The platform introduced is called Zoyer, a data-driven business spin management platform with embedded finance capabilities.
How does Zoyer digitize the accounts payable process?
-Zoyer digitizes 100% of payables, providing finance leaders with insights into enterprise-wide spends and enabling optimal cash outflow management and business performance maximization.
What does Zoyer's zero-touch workflow cover in the full cycle accounts payable process?
-Zoyer's zero-touch workflow covers the complete spectrum of capabilities from supplier onboarding to receiving, interpreting, and matching invoices against purchase orders, all the way through to approving and making payments.
How does Zoyer automate the invoice processing?
-Zoyer automates invoice processing by leveraging optical character recognition and advanced machine learning models to extract header and line-level data from invoices, accelerating data entry.
What notifications does Zoyer use to facilitate the reviewing and approving of invoices?
-Zoyer uses email and WhatsApp notifications to alert reviewers about invoices that require approval.
How does Zoyer support businesses in configuring their approval workflows?
-Zoyer allows users to configure approval workflow tiers and routing logic to match existing accounts payable practices, providing complete flexibility.
What payment methods does Zoyer support for approved payments?
-Zoyer supports a range of payment methods including real-time payments, immediate payment services, zaggle founder cards, corporate cards, and net banking.
How does Zoyer help businesses with working capital savings?
-Businesses can leverage Zoyer's supported payment methods, such as zaggle cards for cash back and rebates on spend, or real-time payments for just-in-time payments when interest rates are high.
What kind of analytics does Zoyer provide to enhance visibility and control across the payables process?
-Zoyer provides powerful analytics that offer real-time visibility and controls, allowing businesses to analyze key spend trends and gain insights for proactive, data-driven decisions to control cash flows.
On what cloud platform is Zoyer built, and how does it integrate with other systems?
-Zoyer is built on the Amazon Cloud, and it supports a range of commercial models that can adapt to the needs of growing businesses. It also has pre-built connectors that integrate directly with leading ERP, HRMS, and accounting systems.
Outlines
🚀 Transforming Accounts Payable with Digital Innovation
The script discusses the urgent need for digital transformation in accounts payable departments to become value-added intelligence providers for business decisions. It highlights the inefficiency of current manual processes that consume 50% of finance professionals' time in transactional tasks, preventing them from engaging in more strategic work. The script introduces 'Zoyer,' a data-driven business spin management platform that digitizes 100% of payables processes, offering finance leaders insights into enterprise-wide spends to manage cash outflows and enhance business performance. Zoyer automates the full cycle of accounts payable, from supplier onboarding to invoice processing and payment approvals, using advanced technologies like OCR and machine learning for data extraction and matching. It also supports various payment methods and integrates with ERP, HRMS, and accounting systems for streamlined operations.
Mindmap
Keywords
💡Accounts Payable
💡Value-Added Provider
💡Digitization
💡Zoyer
💡Zero-Touch Workflow
💡Optical Character Recognition (OCR)
💡Machine Learning Models
💡E-Payments
💡Real-Time Payments
💡Analytics
💡Amazon Cloud
Highlights
The global push towards digital-first financial processes has made accounts payable a crucial area for innovation.
Accounts payable teams are now expected to be value-added providers of intelligence to support business decisions.
Manual processes in accounts payable prevent finance leaders from focusing on strategic tasks.
Accounts payable practitioners spend a significant amount of time on transactional tasks rather than value-added work.
Zoyer is introduced as a data-driven business management platform with embedded finance capabilities.
Zoyer digitizes 100% of payables, providing finance leaders with insights into enterprise-wide spends.
The platform establishes a zero-touch workflow for the full cycle of accounts payable process.
Zoyer's capabilities cover supplier onboarding to receiving, interpreting, and matching invoices against purchase orders.
Invoices are automatically received and processed using OCR and advanced machine learning models.
Deviations in invoices are identified and resolved by matching them to purchase orders and goods received notes.
Invoice reviewing and approval is streamlined with email and WhatsApp notifications.
Approval workflows can be customized to match existing accounts payable practices.
Approved payments are converted to e-payments and processed in a single transaction.
Zoyer supports various payment methods, including real-time payments, immediate payment services, and corporate cards.
Businesses can leverage payment solutions for cash back, rebates, and just-in-time payments to optimize working capital.
Powerful analytics provide real-time visibility and controls across the entire payables process.
Businesses can analyze key spend trends and make proactive, data-driven decisions to control cash flows.
Zoyer is built on the Amazon Cloud, supporting a range of commercial models for growing businesses.
The platform includes pre-built connectors for integration with leading ERP, HRMS, and accounting systems.
Zaggle offers a simplified payment solution to transform accounts payable processes.
Transcripts
the global momentum to build Future
Ready digital First Financial processes
has brought accounts payable to the four
today's accounts payable teams need to
be a value-added provider of
intelligence support informed business
decisions that optimize working capital
and help businesses stay ahead of the
Curve
current manually intensive accounts
payable processes however prevent
Finance leaders from stepping up
accounts payable practitioners spend 50
percent of their time on transactional
tasks such as invoice correction
Fielding supplier inquiries and entering
data rather than value a creative work
and we think there should be a better
way to confidently manage it all
introducing zoyer a data-driven business
spin management platform with embedded
Finance capabilities
zoyer digitizes 100 of payables
empowering Finance Leaders with insights
into enterprise-wide spends to optimally
manage cash outflows and maximize
business performance
zoyer establishes a zero-touch workflow
for the full cycle accounts payable
process this covers the complete
spectrum of capabilities from supplier
onboarding to receiving interpreting and
matching invoices against purchase
orders all the way through to approving
and making payments
and exactly how does zoyer automate the
accounts payable process
invoices are received automatically
leveraging a combination of optical
character recognition and advanced
machine learning models
the system extracts header and line
level data from invoices to accelerate
data entry
invoices are matched to POS and goods
received notes to identify and resolve
any deviations
reviewing and approving invoices is easy
reviewers receive email and WhatsApp
notifications to approve invoices
users have the complete flexibility to
configure approval workflows tiers and
routing logic to match existing accounts
payable practices
finally approved payments are converted
to e-payments and debited in a single
transaction
zoyer supports a range of payment
methods real-time payments immediate
payment services zaggle founder cards
corporate cards net banking providing
businesses greater control over payments
and working Capital Savings as an
example businesses can leverage zaggle
cards to earn cash back and rebates on
spend or real-time payments to make
just-in-time payments when interest
rates are high
powerful analytics provides real-time
visibility and controls across the
entire payables process
businesses can analyze key spin Trends
and get insights to make proactive
data-driven decisions to control cash
flows
built on the Amazon Cloud Sawyer
supports a range of commercial models
that can effortlessly adapt to the needs
of growing businesses
pre-built connectors integrate directly
with leading Erp
hrms and accounting systems optimizing
time to value your world of business
payments simplified by zagel zoyer
contact zaggle today to transform your
accounts payable
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