Yokoy
Overview of Yokoy
Yokoy: AI-Powered Spend Management for Modern Finance Teams
What is Yokoy? Yokoy is an intelligent spend management platform designed to automate and streamline finance operations. It leverages artificial intelligence (AI), custom workflows, and spend analytics to manage expenses, card payments, and invoices across an organization. The platform aims to provide control, optimization, and end-to-end visibility into company spending.
How does Yokoy work? Yokoy works by automating various finance processes, reducing manual work, and improving accuracy through AI-driven verification. Here’s a breakdown of its core functions:
- Invoice Automation: Automatically captures, processes, and approves invoices using AI and custom workflows, enabling efficient invoice management at scale.
- Expense Management: Simplifies expense reporting and prevents fraud with an AI-driven solution that streamlines the entire expense management process.
- Smart Business Payments (Yokoy Pay): Provides real-time control over global card spend and automatically matches card transactions with receipts.
Key Features and Benefits
- AI-Powered Automation: Adapts to the unique workflows of a company, automating repetitive tasks and reducing manual intervention.
- Customizable Workflows: A no-code, drag-and-drop workflow builder allows finance teams to maintain control over how transactions are processed.
- Real-Time Visibility: Provides an audit-proof data trail, enabling faster closing of books, accurate tax reclaims, and a real-time view of company spend.
- Compliance: Verifies every transaction against company policies and external regulations, reducing the risk of non-compliance.
- Integration: Pre-built connectors integrate with ERP, HR software, and other finance tools, ensuring seamless data import and automation.
Why is Yokoy important?
Yokoy helps finance teams:
- Reduce costs through automation.
- Increase accuracy in financial reporting.
- Save time by streamlining approval flows.
- Gain better control over company spending.
What are the use cases for Yokoy?
Yokoy is suitable for:
- Scaleups: Automating financial processes to support rapid growth.
- Midsize Businesses: Improving efficiency and control over spend management.
- Enterprises: Transforming finance operations for complex environments.
Technology Behind Yokoy
Yokoy’s platform is built on three core technologies:
- Artificial Intelligence: Proprietary AI, developed in Zurich, enhances data capture, improves verification, and minimizes manual work.
- Custom Workflows: A no-code workflow builder adapts to each transaction, providing the necessary automation for different scenarios.
- Analytics: Tracking and reporting tools offer insights into company spending, helping to identify inefficiencies and drive improvements.
What are the benefits of using Yokoy?
- Increased ROI through improved accuracy.
- Significant cost reduction through automation.
- Automation of a high percentage of finance processes.
- Time savings through streamlined approval flows.
Customer Success Stories
- On Running: Automated expenses with Yokoy, improving efficiency and accuracy.
- Stadler Rail: Transformed finance efficiency, streamlining processes and reducing manual work.
- Breitling: Modernized travel and expense management, enhancing control and visibility.
Security and Compliance
Yokoy is engineered for security and complies with several standards, including:
- ISO 9001, ISO 27001, and ISO 14001 certifications
- PCI DSS 4.0 certification
- GDPR and FADP compliance
How to get started with Yokoy?
To experience the benefits of Yokoy, you can:
- Book a Demo: Schedule a demo to see the platform in action and learn how it can address specific finance challenges.
- Request Pricing: Get a customized pricing quote based on your organization's needs.
Conclusion
Yokoy offers a comprehensive, AI-driven solution for modern spend management. By automating key processes, providing real-time visibility, and ensuring compliance, Yokoy empowers finance teams to optimize spending, improve accuracy, and focus on strategic initiatives.
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