Monday 29th June 2020
Gourmet fast food restaurant Five Guys has selected Yooz to improve security and provide complete traceability of its UK operations.
The finance team at Five Guys is using the artificial intelligence (AI), machine learning and robotic process automation (RPA) software from Yooz, enabling its Accounts Payable (AP) function to be completely automated. The optical character recognition (OCR) technology from Yooz uses learning algorithms to ‘read’ and understand invoices, cutting the invoice processing time from weeks to just a few days.
The end-to-end solution from Yooz met all the needs of Five Guys multisite operations, taking only two weeks to implement and create automatic exchanges between Yooz and Sage X3. This AP automation process is now automating more than 90% of Five Guys’ invoices.
Finance Manager at Five Guys UK, Jen Kim said, “Automating our invoice process with Yooz is guaranteeing total security and traceability of daily operations on all our UK restaurants. We have been impressed with how quickly Yooz was integrated with Sage X3, and how its advanced and powerful OCR technology has cut our invoice processing time. The solution has also successfully been deployed in Spain and we are now working with Yooz to roll out the software in Germany with a projected monthly invoice volume of around 4,000 documents which are now being completely automated.”
Magali Michel, Director of Yooz, added, “We understand the unique requirements of the food and hospitality sector and currently support more than 1,000 restaurants and hotels across the world. Our multi-location management features provide a clear outlook on expenses and cost centres – making it the perfect choice for Five Guys UK.”