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The solution consolidates and automates expense management processes (including VAT validation and reclaim), and automates expense approvals and travel expense reporting.
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Who should use Yokoy?
Yokoy’s main features
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- Yokoy automatically inputs approved expenses into businesses’ financial systems.
- Administrators can create custom approval flows and define spend policies to help simplify complex hierarchies.
- The platform automatically detects policy breaches across the expense process.
- Users can map out the entire invoice approval flow for a high level of automation.
- Yokoy matches documents from supplier invoices, purchase orders, and goods receipts to ensure compliance and cost efficiency.
- Yokoy provides physical and virtual cards and offers up to 1% cash back on card transactions.
- The platform’s analytics tool analyzes spending patterns and identifies trends to help businesses make optimized financial decisions.
- Yokoy enables users to select which line items they want to pay for by capturing all necessary data from invoices.
Yokoy pricing model
Yokoy integrations
ERP, finance, and accounting systems
- SAP R/3 or SAP S/4HANA
- SAP Business One
- Microsoft Dynamics 365 Business Central
- Microsoft Dynamics 365 Finance & Operations
- Oracle NetSuite
- Sage
- DATEV (Germany)
- ABACUS (Switzerland)
- BMD Business Software (Austria)
- Proffix (Switzerland)
- Topal Solutions (Switzerland)
- Exact
HR/Payroll systems
- SAP Success Factors
- Workday
- Rexx systems
Travel management platforms
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Countries and languages supported by Yokoy
Pros and cons of Yokoy’s platform
Pros of Yokoy’s platform
- Expenses can be submitted quickly with digital receipt capture. Yokoy then validates the data and checks the expense against a business’s expense policies.
- Yokoy automates all recurring expense management tasks to save finance teams time.
- Yokoy automatically detects policy breaches to ensure full compliance.
- An intuitive platform with great ease of use, and a clean, user-friendly interface for approval workflows and streamlined onboarding.
- Yokoy offers a mobile app for on-the-go expense tracking and processing.
- Yokoy supports digital wallets like Google and Apple Pay to facilitate one-click merchant payments
- With the Yokoy API, you can seamlessly integrate Yokoy with your existing tech stack.
Cons of Yokoy’s platform
- At the moment, Yokoy’s VISA corporate cards are limited to Europe.
- User reviews report that the platform lacks filtering options for deeper insights.
How to get started with Yokoy
Alternatives to Yokoy
- Pleo
- Rydoo
- Emburse Chrome River
- Expensify
- Spendesk
What makes Yokoy stand out?
- Yokoy’s AI-based tool takes just three seconds to generate an expense report.
- Yokoy integrates with TravelPerk to help ensure you’ve got all the data you need to manage and report on business spending.
- With Yokoy, you can be live within 4 weeks with only 16-20 hours required for implementation, with no IT project necessary.
Is Yokoy right for your business?
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