Swiss customers can now use Yokoy's Platinum Visa corporate card
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Zurich, September 10th 2024 –
Yokoy , the provider of an AI-driven spend management platform for mid-sized and large companies, is now offering customers based in Switzerland the Yokoy Platinum Visa corporate card.
Yokoy automates expenses, corporate card and invoice processing in one intuitive platform. Using AI analyzes unstructured data sets such as invoices and receipts and verify against legal or company policies eliminates the need for manual data entry, saves time and eliminates errors.
"By working with Visa, we are enabling our Swiss customers to have virtual cards, physical cards and virtual lodge cards. This is a response to our customers' feedback and brings a range of new benefits such as higher spending limits and smart controls to better meet their needs."
The Yokoy Platinum Visa debit card offers these new benefits:
– Virtual cards can be created in real time in the Yokoy app for immediate use. Companies can customise the spending limit for each employee or limit it to dedicated spending categories. For example, the card can only be approved for spending in hotels and restaurants.
– Easier ordering and faster delivery of physical cards.
– Faster provisioning and full card control with one-time use (virtual “one-time cards”).
– The Smart Lodge Card is now also available in Switzerland. This is a central virtual card for the entire company, with which all employees can book and automatically pay for their flights, train journeys, hotels and other travel services – without transaction, foreign currency or card fees. The Smart Lodge Card is seamlessly integrated into all travel management solutions so that all travel and accommodation costs can be paid, recorded, processed and approved automatically. The finance team receives a central overview of all bookings and costs in real time.
– The company’s travel policies are automatically enforced with the Smart Lodge Card. For example, if a company policy states that flights under four hours must be booked in economy class, bookings can only be made if they comply with the policy.
– Online card management: New or additional cards can be ordered online, existing cards can be blocked or cancelled. In addition, the credit limit can be adjusted, restrictions can be set for merchant categories and the cards can be blocked for ATMs.
– All approvals as well as approved and rejected transactions are directly visible in the Yokoy app.
In its corporate card program, Yokoy will now only offer Visa cards to customers in all markets. There will still be no account or card fees or transaction costs.
Swiss customers do not need to change or add to their existing banking relationship. All bank accounts and banking relationships associated with the existing Yokoy cards will remain the same.
"We want to drive the digitization of the Swiss economy and help make manual business processes more efficient. We are therefore very pleased to further expand our partnership with Yokoy. With the new Yokoy Platinum Visa corporate card, companies can not only pay easily, quickly and securely, but also manage purchasing processes digitally. This way, medium and large companies in Switzerland can save time and resources when managing their business expenses."
Swiss building materials provider and cooperative, HG Commerciale, has already switched its company cards to the new card program with Visa and Pascal Burkhalter, Head of Finance & Accounting at HG Commerciale, says:
“What a great customer experience! From the simple and efficient ordering process, to the brilliant integration into the Yokoy app and web interface, to the quick shipping of the cards - we are completely satisfied. And the cards work perfectly."