What is Yokoy and how does it function? Yokoy operates as a platform that employs AI to automate spend management for large and medium enterprises. It combines various features such as supplier invoice management, expense management, and smart corporate cards. Over 500 companies rely on this platform. Yokoy’s AI technology enables it to automatically fill out expense forms and invoices, including VAT. The platform also identifies any rule violations, outliers, or potentially fraudulent instances, which are then flagged and sent for manual examination. The remaining processes, from registration to exporting to the accounting system, are automated. One unique aspect of Yokoy is that it allows users to customize their own company’s process flow without the need for a team of developers to design and maintain it. To ensure seamless integration and data flow, Yokoy connects with all major third-party technologies and provides partners and users with a free “OpenAPI” platform. Users can simply photograph receipts and transfer them to Yokoy through apps, while invoices can be scanned or uploaded via email onto the platform.
