Yokoy Reviews & Pricing

by Yokoy Group | Founded 2019, Zurich, Switzerland

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Overview Pricing Benefits Reviews Features

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What is Yokoy?

Industry Specialties: Automotive, Business Services, Construction, Financial Services, Manufacturing, Tech.

Yokoy is a sophisticated software solution designed to streamline spend management tasks, making it particularly well-suited for medium to large enterprises across various industries such as finance, healthcare, and technology. Its powerful features include automated expense processing, real-time analytics, and seamless integration with existing financial systems, which collectively enhance operational efficiency. Users appreciate its intuitive interface and robust capabilities, which simplify complex financial workflows. Yokoy stands out for its ability to reduce manual errors and provide comprehensive insights into spending patterns. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Yokoy's unique blend of automation and analytics sets it apart from similar products, offering a compelling solution for organizations seeking to optimize their spend management processes.

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User Sentiment

Based on 32 reviews:

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Yokoy Pricing

Based on our most recent analysis, Yokoy pricing starts in the range of $10 - $100.

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Starting From: Undisclosed
Pricing Model: Monthly, Quote-Based
Free Trial: Yes, Request for Free

Training Resources

Yokoy is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Yokoy:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Yokoy Benefits and Insights

Why use Yokoy?

Key differentiators & advantages of Yokoy

Time Efficiency: Yokoy automates repetitive tasks in spend management, freeing up valuable time for employees to focus on strategic activities.
Cost Reduction: By providing real-time insights into spending patterns, Yokoy helps identify areas where costs can be cut without sacrificing quality.
Enhanced Accuracy: The software minimizes human error by automating data entry and reconciliation processes, ensuring financial records are precise.
Improved Compliance: Yokoy ensures adherence to company policies and regulatory requirements by automatically flagging non-compliant expenses.
Scalability: As businesses grow, Yokoy scales effortlessly, handling increased transaction volumes without compromising performance.
Customizable Workflows: Businesses can tailor Yokoy’s workflows to match their unique processes, enhancing operational efficiency.
Data-Driven Decisions: With comprehensive analytics, Yokoy empowers businesses to make informed decisions based on accurate spend data.
Seamless Integration: Yokoy integrates smoothly with existing ERP and accounting systems, ensuring a unified financial ecosystem.
Enhanced Security: The platform employs robust security measures to protect sensitive financial data from unauthorized access.
Employee Satisfaction: By simplifying expense reporting and approval processes, Yokoy reduces frustration and boosts employee morale.
Global Reach: Yokoy supports multiple currencies and languages, making it ideal for multinational companies managing global expenses.
Real-Time Visibility: Managers gain instant access to up-to-date spend data, enabling proactive budget management and forecasting.
Environmental Impact: By digitizing expense management, Yokoy reduces paper usage, contributing to sustainability efforts.
Vendor Management: Yokoy provides insights into vendor performance, helping businesses negotiate better terms and manage supplier relationships effectively.
Fraud Detection: Advanced algorithms in Yokoy detect anomalies and potential fraud, safeguarding company finances.

Industry Expertise

Yokoy's expertise lies in automating and streamlining spend management processes for businesses, particularly those with complex financial operations and a need for robust compliance measures. It's best suited for multinational enterprises, mid-sized companies, and organizations seeking to optimize their expense management, improve budget control, and gain valuable insights into spending patterns.

Yokoy Reviews

Based on our most recent analysis, Yokoy reviews indicate a 'excellent' User Satisfaction Rating of 92% based on 32 user reviews from 2 recognized software review sites.

32 reviews

92%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Yokoy reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

AI-Powered Automation: User reviews consistently highlight Yokoy's artificial intelligence for automating expense reports, approvals, and invoice processing, saving time and reducing errors.
Real-Time Spend Visibility: Users appreciate the real-time insights into company spending, allowing for better financial decision-making and control.
Customizable Approval Workflows: The platform's flexibility in creating custom approval workflows is praised for simplifying complex approval processes and ensuring compliance with company policies.
Seamless Integrations: Users mention the benefit of Yokoy's ability to integrate with various other business software solutions, streamlining data flow and reducing manual data entry.
Smart Corporate Cards: The availability of smart corporate cards with features like real-time expense tracking and automated transaction matching is viewed favorably by users.

Cons

Customer Support: User reviews indicate customer support responsiveness can be slow and requests for assistance sometimes go unanswered, particularly for smaller businesses.
Implementation Costs: Users have expressed that the mandatory use of Yokoy's implementation partners, some of whom may be nearshore, can lead to higher-than-expected implementation costs, especially for features users feel they could manage themselves.
Limited Apple Pay Integration: Some users desire the ability to link virtual credit cards with Apple Pay for more streamlined expense tracking and payment options, a feature that is currently unavailable.

Researcher's Summary:

Is Yokoy the real McCoy when it comes to spend management? User reviews from the past year suggest that Yokoy is a robust and innovative solution for businesses looking to streamline their expense management processes. Users consistently praise Yokoy's AI-driven automation, which streamlines expense reporting, automates policy checks, and simplifies invoice processing. For instance, one user mentioned that Yokoy's AI extracts data from receipts, eliminating manual data entry and reducing errors. This feature, coupled with its intuitive mobile app, makes expense tracking and reporting a breeze for employees, while providing finance teams with real-time visibility into company spending.

However, some users have pointed out that while Yokoy excels in automation, its customer support for smaller businesses could be more attentive. Additionally, a few users expressed that the customization of the SAP interface can be complex and might require assistance from implementation partners. Despite these minor drawbacks, Yokoy's strengths lie in its ability to automate tedious tasks, provide real-time financial insights, and integrate seamlessly with existing finance systems.

These features make it an ideal solution for businesses of all sizes, particularly those with high transaction volumes or complex expense management needs. Yokoy's focus on automation and user-friendly design empowers businesses to optimize their spending, reduce manual errors, and free up valuable time for finance teams to focus on strategic initiatives.

Key Features

Notable Yokoy features include:

Automated Invoice Processing: Yokoy leverages AI to automatically capture, process, and approve invoices, reducing manual entry and errors.
Expense Management: The platform offers a comprehensive solution for tracking and managing employee expenses, integrating seamlessly with existing financial systems.
Corporate Card Integration: Yokoy supports integration with various corporate card providers, allowing for real-time transaction tracking and reconciliation.
Customizable Approval Workflows: Users can design and implement tailored approval processes to fit their organization's specific needs and compliance requirements.
Advanced Analytics and Reporting: The software provides detailed insights into spending patterns through customizable dashboards and reports, aiding in strategic decision-making.
Multi-Currency Support: Yokoy accommodates businesses operating globally by supporting transactions in multiple currencies, with automatic currency conversion.
Fraud Detection: The system employs machine learning algorithms to identify and flag potentially fraudulent activities, enhancing security and compliance.
Mobile Application: A user-friendly mobile app allows employees to submit expenses and invoices on-the-go, increasing efficiency and convenience.
Seamless ERP Integration: Yokoy integrates with major ERP systems like SAP and Oracle, ensuring data consistency and streamlined financial operations.
Vendor Management: The platform includes tools for managing vendor relationships, tracking performance, and optimizing procurement processes.
Real-Time Budget Tracking: Organizations can monitor budgets in real-time, allowing for proactive financial management and cost control.
Customizable User Roles and Permissions: Administrators can define specific roles and permissions, ensuring that users have appropriate access levels based on their responsibilities.
Audit Trail: Yokoy maintains a comprehensive audit trail of all transactions and changes, facilitating transparency and accountability.
Scalability: Designed to grow with your business, Yokoy can handle increasing transaction volumes and expanding organizational needs without compromising performance.
Data Privacy and Security: The platform adheres to stringent data protection standards, ensuring that sensitive financial information is safeguarded.