Accounts payable automation in manufacturing
Manufacturing is a cash-intensive industry. Inefficient finance processes and lack of insights can directly impact your bottom line.
Yokoy automates all accounts payable processes, providing you with full liquidity control and detailed cost insights for smooth operations.
Full transparency and control
How accounts payable automation transforms the manufacturing industry
When it comes to the finance function in the manufacturing industry, control is everything: even seemingly small cash flow issues can have a tremendous impact on operations. Not to mention, accounting processes are extremely complex, for example when it comes to handling invoices or ensuring regulatory requirements are met in different countries.
Yokoy addresses these challenges. We automate your spend management processes through artificial intelligence and provide actionable insights for you to gain full transparency and control.
Benefits for the manufacturing industry
What can Yokoy do for you?
Streamline your operations
Yokoy automates all your accounts payable processes end-to-end; streamlining expense, invoice and smart corporate card management with one tool. Our platform addresses key needs of manufacturers by automatically matching purchase orders, invoices and delivery notes.
Gain full control of your spending
Working capital and cash flow management are crucial in manufacturing. Yokoy ensures full transparency on how and where you spend money, allowing for real time liquidity control.
Make decisions based on actionable insights
Break down the silos in your finance department: Yokoy consolidates all your accounts payable processes on a single platform. This forms the basis for in-depth data analysis. Thus, you uncover spending patterns, identify trends and make better strategic decisions.
Ensure compliance with regulatory requirements
Yokoy ensures that your accounts payable processes are compliant with local regulations around the world. Yokoy integrates with various partners to make tasks like reclaiming foreign VAT as easy as possible.
How much can you save with Yokoy?
World renowned manufacturers count on Yokoy
Our solutions for the manufacturing industry
Automated invoice processing
With Yokoy, you have your entire invoice management in one place: automatically capture, review, approve invoices and match them to your ERP system. Yokoy’s AI takes care of matching invoices with pre-approved purchase orders and streamlines the approval process to significantly reduce manual work.
Automated expense management
Yokoy automates your entire expense process, including VAT reporting and travel expense reporting. With our AI-based tool, it only takes 3 seconds to generate an expense report, while manual review is only required for outliers and special cases. Seamless integration into your financial systems forms the basis for real end-to-end-automation.
Intelligent corporate cards
Add another layer of spend control with Yokoy Pay. By leveraging our seamlessly integrated virtual and physical corporate Visa cards, you can unleash the full potential of the Yokoy platform. All transactions are automatically reconciled with the respective receipts to save your accounting department valuable time.
Analytics and spend insights in real-time
The future of spend management is not only about automating your accounts payable processes, but also about gaining new insights into your expenditures. This is what Yokoy Analytics is built for: analyze your spending patterns, identify trends, and make better decisions.