TrustRadius

Open Money vs. Yooz

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Open Money
Score 6.0 out of 10
N/A
Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space…
$0
per month per user
Yooz
Score 8.3 out of 10
Small Businesses (1-50 employees)
Yooz delivers intelligent financial operations automation that aims to reduce waste, mitigate risk, prevent fraud, and eliminate errors from the AP process. Yooz provides Lean Financial Operations™ for companies of all sizes, offering clarity and control in the most complex environments. The Yooz platform combines a workflow engine, real-time applied AI, and transparency, with advanced fraud detection. Boasting over 7,000 customers worldwide and processing more than 300 million…N/A
Pricing
Open MoneyYooz
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Open MoneyYooz
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details—Subscription price based on the volume of documents processed. Unlimited number of users. 4 hours of complimentary service to start.
More Pricing Information
Features
Open MoneyYooz
Payment Management
Comparison of Payment Management features of Product A and Product B
Open Money
-
Ratings
Yooz
8.2
37 Ratings
9% above category average
Customizable Approval Policies00 Ratings8.427 Ratings
Financial Document Management00 Ratings7.427 Ratings
Payment Status Tracking00 Ratings7.618 Ratings
Payment Audit Trail00 Ratings7.820 Ratings
Duplicate Bill Detection00 Ratings9.635 Ratings
Advanced OCR00 Ratings9.028 Ratings
Electronic Funds Transfer00 Ratings7.811 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Open Money
-
Ratings
Yooz
7.6
38 Ratings
14% above category average
Automated Accounts Payable Processes00 Ratings7.738 Ratings
Vendor Management00 Ratings7.631 Ratings
Best Alternatives
Open MoneyYooz
Small Businesses
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Score 9.6 out of 10
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Score 9.6 out of 10
Medium-sized Companies
Square 9 Softworks
Square 9 Softworks
Score 9.6 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.6 out of 10
Enterprises
Webexpenses
Webexpenses
Score 9.1 out of 10
Webexpenses
Webexpenses
Score 9.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Open MoneyYooz
Likelihood to Recommend
-
(0 ratings)
8.2
(43 ratings)
Likelihood to Renew
-
(0 ratings)
8.7
(3 ratings)
Usability
-
(0 ratings)
8.0
(16 ratings)
User Testimonials
Open MoneyYooz
Likelihood to Recommend
Open Financial Technologies
No answers on this topic
Yooz
Yooz is perfect for reoccurring invoices, such as utilities, as you can search by account# to show a list of entries allowing consistency across the board. Color coding can be used to differentiate between utilities or responsibilities. This also helps when exporting specific items. I can select one by one or by group.
Christina Comparato | TrustRadius Reviewer
Christina Comparato
Accounting Clerk
Read full review
Pros
Open Financial Technologies
No answers on this topic
Yooz
  • Yooz allowed for the uploading of purchase orders and the matching of purchase orders to invoices for smooth processing of invoices.
  • Yooz performed three way matching in a stream lined manner.
  • Yooz was a user friendly software that integrated well with Oracle NetSuite.
Marcos Urbina | TrustRadius Reviewer
Marcos Urbina
Controller
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Cons
Open Financial Technologies
No answers on this topic
Yooz
  • when exporting we have to change the total column's to numbers or it will export with the incorrect totals.
  • Yooz needs to not allow itself to add a line to the total and change what you are posting. instead it needs to freeze you from moving on.
HS
HEATHER SHAUT
accounts payable
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Likelihood to Renew
Open Financial Technologies
No answers on this topic
Yooz
I love Yooz and everything it has brought to our organization!
PH
Peggy Holden
Accounting Manager
Read full review
Usability
Open Financial Technologies
No answers on this topic
Yooz
It has helped me with invoices and able to see if i have a duplicate and to see how many times vendor has been processed in the system and also to see who is late if it has been in yooz and it needs to get paid soon and also how many coding i have used
Verified User
Anonymous
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Alternatives Considered
Open Financial Technologies
No answers on this topic
Yooz
Chrome River is slow and full of inconsistencies. Capturing invoices is confusing, as you have to assign approvers and coding at that time. No time to save it and research those details. It has multiple screens labeled inbox but are for different stages in the approval process that aren't specified unless you go into the invoice and review. When you go to exit the invoice, it takes you back to the main menu instead of the inbox you were currently working in. It is live, but the updates are every 10-15 minutes as opposed to immediately.
Christina Comparato | TrustRadius Reviewer
Christina Comparato
Accounting Clerk
Read full review
Return on Investment
Open Financial Technologies
No answers on this topic
Yooz
  • Helps the invoicing process be much more organized & easier to follow
  • Able to get through invoices much quicker
  • Ease of contacting the person who it needs to go to or posting a question. This way everyone involved can see things in one area.
HF
Holly Fuhrman
P & E Coordinator
Read full review
ScreenShots

Yooz Screenshots

Screenshot of how Yooz works - The solution provides artificial intelligence (AI) and machine learning technologies to help AP teams with invoice automation.Screenshot of Purchase: Automates PR/PO and approvals using workflows. Additionally users can create purchase requests, automate approval workflows, automatically generate purchase orders, manage deliveries and monitor the budget.Screenshot of Capture: AI based data extraction to extract invoices. Works for almost any format (PDF, Factur-X, UBL, CII, EDIFACT, etc.)Screenshot of No touch: Intelligent workflows to automate approvals and paymentsScreenshot of Pay: A Digital Invoice Payment Workflow. Invoices can be paid individually or as a batch, and vendors receive payment through Virtual Card, ACH, eCheck, or Paper Check.Screenshot of Export: Invoice capture and automation that integrates with accounting software, or with more than 200 ERPs worldwide.