Yokoy Listed as a Sample Vendor in the Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, 2023
- November 2, 2023
Yokoy, the leader in Accounts Payable Invoice Automation (APIA), has been recognised in Gartner’s Hype Cycle Report for 2023, the analyst’s annual report into the maturity and benefit of emerging technologies in procurement and sourcing.
Yokoy was named a sample vendor in the APIA category, with the well-established and much recognised methodology positioning the category as ‘Early Mainstream’ with a benefit rating of ‘High’.
Gartner defines APIA as tools that ‘automate the capture, validation, and processing of invoices’. Its report acknowledges that APAI solutions can help with reducing the cost of invoice processing as well as ‘improved legal compliance, reduced supplier invoice inquiries, faster invoice dispute processes, improved cash management visibility and fraudulent payment reduction’.
Yokoy’s innovative approach to invoice management uses AI and machine learning to automate the capture, process, and payment of invoices with customisable workflows that enable organisations to adapt effortlessly to new regulations and governance requirements across global entities.
Philppe Sahli, CEO of Yokoy, said: “I’m proud that Yokoy is leading the way in bringing new AI and Machine Learning solutions that will radically transform how organisations manage invoice and payments.
“As the business landscape continues to evolve and more countries introduce regulations around e-invoicing, we’re committed to supporting our customers as they continue to modernise their finance operations with cost-effective, compliance-ready accounts payable processes.”
Yokoy’s APIA solution, and Yokoy Pay, are a part of an intelligent spend management platform that includes modern solutions for expenses, payments, and invoicing. Together, they take the hyper automation in accounts payable into the AI age and are trusted by leading companies across a wide range of industries in Europe.
For more information about Yokoy, our story, and our solutions for modern finance teams visit yokoy.io.
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