Yokoy, a provider of an AI-powered spend management suite, is setting new standards in invoice management with its strategic partnership with Pagero, a platform provider for globally compliant e-invoicing.
Yokoy seamlessly integrates with Pagero’s cloud-based e-invoicing solution “to provide a 100% digitized and fully automated accounts payable process – from invoicing to payment.”
Pagero captures the e-invoices and automatically “sends them to Yokoy.” Yokoy takes care of the rest, automating “the entire AP process using its powerful AI.”
Thanks to the integration, “receiving e-invoices works instantly and without any adjustments to the recipient’s ERP environment.” This enables “a completely digital document flow for businesses.”
Ben Crow, Global Head of Channel Partnerships & Alliances at Yokoy, said:
“Pagero are the leaders in business transaction automation and with the advent of new e-invoicing regulations this partnership could not have come at a better time. Through our integration with the Pagero e-invoicing network, we can provide CFOs and their teams with more automation, more efficiencies and more spend management cost savings.”
These are the benefits offered by the partnership between Pagero and Yokoy:
Processing of any invoice and e-invoice format succeeds automatically, “such as PDF, EDI or XML.” Receiving e-invoices from countries with e-invoicing mandates, “including Poland, France or Spain, also works.”
With Yokoy and Pagero, compliance “with local e-invoicing and continuous transaction controls (CTC) regulations becomes easy – regardless of customer location or current legislation.” Yokoy’s AI ensures that companies’ internal approval processes “are enforced and local and international regulations are met.”
The Pagero-Yokoy integration allows “all suppliers to be reached through a single interface.”
While Pagero takes care of e-invoices, Yokoy automates “the entire accounts payable process and connects to the ERP.” This enforces governance “across global entities and accelerates supplier payments.”
Pagero’s e-invoicing solution “offers a variety of additional benefits.”
These include global compliance “in over 75 markets, dedicated in-house regulatory support, integration with government infrastructures and indirect tax engines, easy supplier onboarding, and access to an extensive network of trading partners via multiple connectivity methods and formats.”
Ivan Becvar, Regional Manager Central Europe, Pagero, said:
“We are excited to partner with Yokoy in the field of AP automation. With new e-invoice regulations impacting not only the Account Receivable but also the Accounts Payable function, the combined solution from Yokoy and Pagero provides customers exceptional value, ensuring global e-invoice compliance, delivering best in class AP processing and unlocking various added value services.”
