With the Yokoy Sensible Lodge Card, Yokoy is the primary spend administration answer to deliver collectively enterprise journey cost, cost processing and expense reporting for medium and enormous enterprises. Answer provides 360° view on journey spend and allows corporations to make data-driven selections and understand untapped financial savings potential in enterprise journey.
ZURICH – The fintech Yokoy provides a brand new product to its portfolio to additional automate journey and expense processes and allow corporations to realize new insights: the Yokoy Sensible Lodge Card bridges the hole between enterprise journey and expense administration. The digital-first card is deeply embedded in Yokoy’s spend administration platform and built-in with the methods of chosen journey companions. Thus, journey managers and finance departments achieve full transparency in relation to managing enterprise journeys and assessing journey spend.
The cardboard is the newest addition to the Yokoy spend administration platform that consolidates and automates all accounts payable processes, offering corporations with actionable insights. With the assistance of synthetic intelligence (AI), Yokoy offers medium and enormous corporations full management of their company spending by automating international expense administration, bill processing and company card dealing with.
Elevating the bar for enterprise journey administration by absolutely automating processes
Particularly corporations with a lot of enterprise journey actions spend a whole lot of time reconciling journey invoices with transaction information – a repetitive process that’s not solely cumbersome, however error susceptible and expensive. Yokoy tackles this difficulty with the Yokoy Sensible Lodge Card, by enabling computerized reconciliation. Whereas lodge card operators usually present month-to-month statements, all journey and transaction information from the Yokoy Sensible Lodge Card is straight fed into the spend administration answer, the place it’s reconciled with out handbook intervention. Thus, corporations not solely achieve pace when dealing with journey bills, additionally they have a greater overview of their journey spend and might deal with initiatives that actually add worth.
By merging journey funds with a strong spend administration platform, Yokoy is making a staple of company journey good. A lodge card is a digital company card that’s saved within the journey reserving software of an organization. All expenditures for flights, trains and journey company charges run by this single card – in some instances inns may also be booked by a lodge card. An worker can thus select a flight or prepare ticket by way of the corporate’s on-line reserving software, which is then paid routinely with the lodge card.
The Yokoy Sensible Lodge Card – a hidden gem for finance departments
The Yokoy Sensible Lodge Card – issued as a Visa debit card for the EU market – works precisely on this method, with the additional benefit of automated workflows. Pooling the journey information inside the Yokoy spend administration answer creates full transparency over journey spend and varieties the premise for brand spanking new insights. Amongst others, corporations can leverage these insights for superior value management: they’ll, as an example, consider how a lot is spent on an worker, division or mission degree.
Particularly in tough instances like these, it’s extra necessary than ever for finance departments to make focused selections rapidly and decrease pointless prices. Leveraging the Yokoy Sensible Lodge Card is yet one more step in the direction of a completely data-driven resolution making course of for CFOs and their finance division. Moreover, Yokoy doesn’t cost card, transaction nor overseas alternate (FX) charges. Additionally, corporations obtain 0.1% cashback on each transaction.
The Yokoy Sensible Lodge Card is built-in with the journey reserving software TravelPerk in addition to with journey companies that leverage the journey profile information administration service Umbrella. Integrations with extra market-leading journey corporations will comply with.
“Every time companies wrestle with cost reconciliation, the first difficulty is usually the quantity and complexity of transactions like canceled transactions”, says Philippe Sahli, CEO of Yokoy. “Through the use of the Yokoy Sensible Lodge Card, corporations are in a position to tackle this drawback and automate the entire matching and reconciliation course of. Our answer will thus revolutionize the best way that corporations take care of journey bills sooner or later by eliminating the intensive handbook work nonetheless concerned immediately. For us, including the Yokoy Sensible Lodge Card to our product portfolio signifies that we are able to present an actual value-add to journey managers, HR groups, CFOs and finance departments on their method in the direction of course of automation and monetary excellence.”
For a whole overview of all journey bills, the Yokoy Sensible Lodge Card might be mixed with the Yokoy Enterprise Platinum Visa Card to additionally cowl bills incurred through the journey, like paying for a taxi or dinner. “Whereas our new lodge card addresses pre-trip funds, our good company card offers staff the flexibleness to pay for his or her bills whereas they’re touring,” Sahli says. “Ultimately all these transactions come collectively in Yokoy for reconciliation, giving finance departments a whole overview over your entire prices of a enterprise journey.”
Tatiana is the information coordinator for TravelDailyNews Media Community (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her position contains monitoring the a whole lot of reports sources of TravelDailyNews Media Community and skimming crucial in keeping with our technique.
She holds a Bachelor’s diploma in Communication & Mass Media from Panteion College of Political & Social Research of Athens and he or she has been editor and editor-in-chief in varied financial magazines and newspapers.