Swiss spend management automation company Yokoy has opened an office in Madrid to better serve mid-to-large sized enterprises in Spain with a local team.

Yokoy helps companies centralise spending activities in a single platform, automate processes by automatically reading out invoices and expense receipts, and manage card transactions with its corporate card solutions.

The platform also integrates with existing ERP systems, works in multiple currencies, adapts to local regulations, and automatically reads the tax rates which prepares the accounting journal for correct posting and VAT reclaim.

Yokoy previously opened its European hub in Amsterdam in February 2022, and has offices in Munich and Vienna. The company also came in first on the TOP 100 Swiss Startups 2022 rankings.

Siro Márquez

“I was always irritated by how cumbersome it was to manually submit, check, approve and process expenses and invoices. Yokoy solves that frustration by consolidating and fully automating all aspects of spend management,”

said Siro Márquez, a Senior Account Executive in Yokoy’s Madrid office.

Featured image credit: edited from Unsplash