A normal day in the office: the CEO discusses the new business strategy with the board of directors on Zoom, at the same time the marketing team refines the social media campaign and an employee answers a customer enquiry by email. While many areas of the company are already benefiting from digitalisation, there is one department that still largely struggles with paperwork and tedious manual labour: accounting.
But software providers are now also tackling this problem and providing so-called spend management solutions. Behind the term is a business trend that has gained momentum especially in recent years. It describes software that allows companies to gain precise insights into their expenditures and gives them more control. Good spend management software is characterised, among other things, by the fact that it bundles data across departments and operations and thus forms a central point of contact for their processing.
The Swiss company Yokoy was founded in 2019 with the aim of simplifying spend management processes in companies using artificial intelligence. From their previous fields of activity, the five founders know first-hand the tedious work with receipts and invoices. This experience led them to develop an intelligent solution to the problem. Yokoy's software is aimed at medium and large companies and allows them to automate all spend management processes - from expense reports and processing supplier invoices to managing smart company cards.
The benefits are obvious: by using Yokoy, companies reduce the manual effort involved in processing expenses and invoices. In addition, employee satisfaction increases as there are fewer repetitive tasks. Based on past receipts and invoices, Yokoy is constantly learning, thus further improving its accuracy and performance over time. Yokoy also helps to prevent fraud: for example, the software recognises when an expense receipt is submitted more than once.
Due to the high degree of customisation, Yokoy seamlessly integrates into the existing infrastructure and processes of companies. Regardless of whether it is an ERP system or an HR tool - the diverse integration options ensure true end-to-end automation that includes all upstream and downstream systems.
In this way, Yokoy answers the question: "How can companies be more conscious of their spending?"
A normal day in the office: the CEO discusses the new business strategy with the board of directors on Zoom, at the same time the marketing team refines the social media campaign and an employee answers a customer enquiry by email. While many areas of the company are already benefiting from digitalisation, there is one department that still largely struggles with paperwork and tedious manual labour: accounting.
But software providers are now also tackling this problem and providing so-called spend management solutions. Behind the term is a business trend that has gained momentum especially in recent years. It describes software that allows companies to gain precise insights into their expenditures and gives them more control. Good spend management software is characterised, among other things, by the fact that it bundles data across departments and operations and thus forms a central point of contact for their processing.
The Swiss company Yokoy was founded in 2019 with the aim of simplifying spend management processes in companies using artificial intelligence. From their previous fields of activity, the five founders know first-hand the tedious work with receipts and invoices. This experience led them to develop an intelligent solution to the problem. Yokoy's software is aimed at medium and large companies and allows them to automate all spend management processes - from expense reports and processing supplier invoices to managing smart company cards.
The benefits are obvious: by using Yokoy, companies reduce the manual effort involved in processing expenses and invoices. In addition, employee satisfaction increases as there are fewer repetitive tasks. Based on past receipts and invoices, Yokoy is constantly learning, thus further improving its accuracy and performance over time. Yokoy also helps to prevent fraud: for example, the software recognises when an expense receipt is submitted more than once.
Due to the high degree of customisation, Yokoy seamlessly integrates into the existing infrastructure and processes of companies. Regardless of whether it is an ERP system or an HR tool - the diverse integration options ensure true end-to-end automation that includes all upstream and downstream systems.
In this way, Yokoy answers the question: "How can companies be more conscious of their spending?"
A normal day in the office: the CEO discusses the new business strategy with the board of directors on Zoom, at the same time the marketing team refines the social media campaign and an employee answers a customer enquiry by email. While many areas of the company are already benefiting from digitalisation, there is one department that still largely struggles with paperwork and tedious manual labour: accounting.
But software providers are now also tackling this problem and providing so-called spend management solutions. Behind the term is a business trend that has gained momentum especially in recent years. It describes software that allows companies to gain precise insights into their expenditures and gives them more control. Good spend management software is characterised, among other things, by the fact that it bundles data across departments and operations and thus forms a central point of contact for their processing.
The Swiss company Yokoy was founded in 2019 with the aim of simplifying spend management processes in companies using artificial intelligence. From their previous fields of activity, the five founders know first-hand the tedious work with receipts and invoices. This experience led them to develop an intelligent solution to the problem. Yokoy's software is aimed at medium and large companies and allows them to automate all spend management processes - from expense reports and processing supplier invoices to managing smart company cards.
The benefits are obvious: by using Yokoy, companies reduce the manual effort involved in processing expenses and invoices. In addition, employee satisfaction increases as there are fewer repetitive tasks. Based on past receipts and invoices, Yokoy is constantly learning, thus further improving its accuracy and performance over time. Yokoy also helps to prevent fraud: for example, the software recognises when an expense receipt is submitted more than once.
Due to the high degree of customisation, Yokoy seamlessly integrates into the existing infrastructure and processes of companies. Regardless of whether it is an ERP system or an HR tool - the diverse integration options ensure true end-to-end automation that includes all upstream and downstream systems.
In this way, Yokoy answers the question: "How can companies be more conscious of their spending?"
.png)
