Accounts payable automation for financial services companies
Yokoy automates all accounts payable processes for financial services companies, providing detailed cost insights while ensuring full compliance.
Full transparency and regulatory compliance
How automated spend management revolutionizes the financial services industry
Financial services companies are operating in a highly regulated market with a strong focus on regular customer integrations. Therefore, they require strong mechanisms to combat fraud and ensure compliance. Also, efficient expense management processes and real-time cost insights are key to stay at the forefront.
Yokoy is used by domestic and global financial services companies to automate their financial processes (expenses, card payments and invoices) through artificial intelligence, creating full transparency and saving more than 80% of manual processing time. All the while, Yokoy ensures full compliance with regulatory requirements.
Benefits for financial services companies
What can Yokoy do for you?
Ensure compliance and combat fraud
Yokoy ensures that your accounts payable processes are compliant with local regulations, thus enabling your organization to manage risks in real-time. By setting and enforcing policies and adding Yokoy’s unique outlier checks, you not only mitigate financial risks, but also combat fraud.
Gather your processes on one platform
Yokoy consolidates all your accounts payable processes on a single platform – no matter if you are dealing with expenses, invoices or card transactions. One platform for all your accounts payable processes means just one app for your employees and only one ERP integration to maintain.
Gain full transparency for better decisions
Take budget management to the next level. Yokoy provides all the tools needed for in-depth data analysis, enabling you to uncover spending patterns, identify trends and make better strategic decisions. Yokoy’s reporting & analytics module gives you the real-time cost insights that you’ve always wanted.
Speed up processing times for expense management, card transaction reconciliation and invoice processing and cut down on costs: Yokoy increases the efficiency of all travelers, approvers, PO/invoice processors, and your finance department by automating more than 80 % of all manual tasks and reducing processing errors.
How much can you save with Yokoy?
Financial services companies that count on Yokoy
Our solutions for the financial services sector
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.
Automated invoice processing
With Yokoy, you have your entire invoice management in one place: automatically capture, review, approve invoices and book 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.
Intelligent corporate cards
Add another layer of spend control with Yokoy Pay. By leveraging our seamlessly integrated physical and virtual corporate Visa cards, you can unleash the full potential of the Yokoy platform. Thanks to individual spend limits you are fully in charge of corporate spending, while ensuring that compliance guidelines are met.
Make confident decisions based on real-time spend insights
The future of spend management is not only about automated financial processes, but also in gaining new insights into your expenditures. This is what Yokoy Analytics is built for: analyze your spending patterns, identify trends, and make better decisions.