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Automatic calculation of per diem rates, milage allowance and additonal expenses.
Yokoy automates global expense, invoice and card management across all your entities so you no longer need to have siloed solutions. All tasks for your employees can be handled easily and on-the-go in the Yokoy app.
Based on all your receipts, vendor invoices and actions, the Yokoy tool learns and is able to automatically fill out expense forms and invoices including VAT for you.
Yokoy finds outliers, rule violations and potential fraudulent cases and sends them for manual review. The rest - from submission to exporting to your accounting system - is fully automated.
Yokoy is the only expense management tool that allows you to map your individual company-specific process flow without a team of developers to code and maintain it for you.
Robust integrations are key to automating the data flow between different tools. Yokoy integrates with all major third-party tools and also provides the free "OpenAPI" platform to all partners and customers.
Automate your spend management with Yokoy's AI powered all-in-one solution. Expenses management, invoice processing, smart company cards all in one platform.
Expenses: The receipt is photographed and imported into Yokoy through the mobile app or on a computer.
Invoices: The invoice is scanned or uploaded to Yokoy via email.
Yokoy calculates the curvature and quality of the receipt image and enhances them with inhouse-built models in less than half a second.
MORE ABOUT OUR IN-HOUSE AI RESEARCH LAB →
AI-based OCR then converts the enhanced image into machine-encoded text and builds words and numbers on that basis in less than one second.
MORE ABOUT OUR IN-HOUSE AI RESEARCH LAB →
Within a second, the Yokoy-AI-engine extracts information from the words and numbers and validates over 300 data points in one single receipt or invoice.In the case of invoices, the AI can also recognize the suppliers and match them with data from your company's ERP.
The relevant data is then pre-filled in the expense report or invoice form in Yokoy.
MORE ABOUT OUR IN-HOUSE AI RESEARCH LAB →
The information is subsequently used to check relevant policies, calculate fraud potential and validate the data.
Yokoy uses a self-learning model that enhances the accuracy with every additional expense receipt or invoice.
MORE ABOUT OUR IN-HOUSE AI RESEARCH LAB →
Subscription management
Submission
Upload, forward or snap a photo of the receipt. The Yokoy-AI-engine then reads, checks and validates it.
Approval
We only notify you of special cases (e.g. policy breaches, potentially fraudulent expenses) for manual approval.
Export
Yokoy prepares the accounting booking journal (incl. VAT) for you and automatically exports it to your Finance system.
Yokoy joins forces with the major Swiss bank. Together, the duo will give new momentum to digitalisation in the financial sector.
Big news! Yokoy raised $26million in a Series A funding round led by US investor Left Lane Capital, with participation from European investor, Balderton Capital.
Yokoy expands to Germany and opens its first office in Munich. With Ben Bauer we have found the right Country Manager.
