Payhawk vs Yokoy

by Gralio Feb 20, 2025

Payhawk and Yokoy offer distinct approaches to financial management. Payhawk provides a broader set of tools, while Yokoy specializes in AI-driven automation. Both target mid-sized businesses but differ in their core strengths. Payhawk excels in unified spend management with company cards and bill pay, while Yokoy shines in automated processing and data analysis for expenses, invoices, and payments.

At Gralio.ai we help to simplify your decision-making process by offering detailed, side-by-side software comparisons like this one, to help you confidently choose the tool that aligns with your business goals.

This comparison was created by analysing 489 reviews and 60 websites, saving 3 hours, 13 minutes of reading.

Payhawk

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Yokoy

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About

Payhawk is an all-in-one financial platform designed for mid-sized to large companies. It helps you manage company spending with features like company cards, expense tracking, bill payments, and accounting integrations. Payhawk allows you to oversee all company spending in one system, automate tedious financial tasks, and simplify month-end reporting. It is a global solution with support for multiple currencies and countries.

Yokoy is an AI-powered software platform designed to simplify and automate how businesses manage expenses, invoices, and payments. It combines expense reports, corporate card management, and invoice processing into one system. Yokoy helps companies enforce spending policies, reduce manual work through automation, and provides data-driven insights into spending habits. This makes financial operations more efficient and gives greater control over company finances. Yokoy is suited for mid-sized to large companies across various industries and integrates with existing financial software.

Summary

Main difference

Payhawk offers a more comprehensive suite of financial tools, including company cards and bill payments, ideal for businesses needing a unified spend management platform. Yokoy focuses on AI-powered expense, invoice, and payment automation, making it better for businesses prioritizing automated financial processes and data-driven insights.

Relative strengths of Payhawk (compared to Yokoy)

Provides company cards for streamlined expense management.
Offers bill payment features within the platform.
Supports multiple currencies and countries for global businesses.

Relative weaknesses of Payhawk (compared to Yokoy)

Customer service ratings are lower compared to Payhawk.
Fewer user reviews compared to Payhawk, indicating less market maturity.
Limited information available on pricing transparency.

What companies are using Payhawk and Yokoy?

ISS Facility Services UK

BREITLING

Austrian Airlines

AEG

Who should use Payhawk VS. Yokoy

Payhawk is an all-in-one financial platform praised for its ease of use and excellent customer service. Users appreciate its customizability and constant feature updates. However, some have reported limitations with USD payments and ERP integrations. Ideal for mid-sized to large businesses wanting to simplify expense tracking, automate financial tasks, and improve reporting.

Yokoy is an AI-powered spend management platform ideal for mid-sized businesses in various sectors, including finance and retail. It automates expense reports, invoice processing, and payments, simplifying financial operations. Users praise the automated receipt scanning and multi-currency support but note occasional issues with credit card feeds and the mobile app.

Best for mid-sized to large companies seeking streamlined expense management and financial automation.
Suitable for most industries, including e-commerce, retail, finance, healthcare, and more.

Best fit for medium-sized businesses.
Ideal for Finance, Retail, E-commerce, and other sectors.

Payhawk and Yokoy features

Supported

Partially supported

Not supported

Type in the name of the feature or in your own words tell us what you need

Accounting integration

Supported

Payhawk integrates with various accounting software, including Xero and QuickBooks Online.

Supported

Yokoy integrates with various accounting software systems like SAP, Microsoft Dynamics, and Oracle NetSuite.
Freelancer Management System

Not supported

Payhawk does not offer freelancer management features.

Not supported

Yokoy is focused on expense and travel management, not freelancer management.
Accounting software integration

Supported

Payhawk integrates with various accounting and ERP systems, automating data transfer.

Supported

Yokoy integrates with various accounting and ERP systems, automating data transfer.
Apple Pay support

Supported

Users can add both virtual and physical Payhawk cards to Apple Wallet for payments.

Supported

Yokoy enables using Yokoy Platinum Visa card with Apple Pay.
Receipt uploading

Supported

Payhawk allows uploading receipts via their web portal, mobile app and email.

Supported

Yokoy allows users to upload receipts directly in the app.
Mobile app support

Supported

Payhawk offers a mobile app for managing expenses, tracking cards and automating expense reports.

Supported

Yokoy offers a mobile app to manage expenses on the go.

Qualities

Value and Pricing Transparency

-0.33

Rather negative sentiment

No data
Customer Service

+0.88

Strongly positive sentiment

-0.5

Rather negative sentiment
Ease of Use

+0.83

Strongly positive sentiment

+1

Strongly positive sentiment
Reliability and Performance

+0

Neutral sentiment

+0

Neutral sentiment
Ease of Implementation

+0.5

Rather positive sentiment

No data
Scalability

+1

Strongly positive sentiment

No data

Payhawk and Yokoy Pricing

Payhawk offers a modular pricing model where businesses can select the plans that best suit their needs. Every plan includes unlimited employee seats, OCR data extraction, advanced workflow approvals, multi-entity environment, live accounting integrations, custom exports, HRIS integrations, and industry-leading security.

Plans

User sentiment

Neutral

-0.2

See full Pricing page

No data

User sentiment

Strongly negative

-1

See full Pricing page

Payhawk and Yokoy review insights

453 reviews analysed from and

Users love

Easy to use
Excellent customer service
Love how customisable it is
Always adding new features

Expense claiming is generally praised for its simplicity and automation.
Receipt scanning and pre-filling of expense details are considered big time-savers.
Yokoy is appreciated for its multi-currency handling and international invoice management.
Users highlight the smooth integration with existing financial systems like SAP.
Customer service is generally regarded as friendly and supportive.

Users dislike

Limited functionality for USD payments
Some issues with our ERP integration
Missing functionality in Australia
The payments are done easily needs a security barrier

Credit card feed reported to have issues, particularly with UBS cards.
Implementation process through partners described as expensive and not always necessary.
Mobile app experience lags behind the desktop version.
Occasional issues canceling invoices.
Limited customization for specific needs.
Credit card availability and delivery times can be a bottleneck.
Expense-to-card matching process and credit note management need improvement.
Some reporting features and dashboard views could be more user-friendly.

Payhawk and Yokoy Ratings

G2

4.5/5

(301)
Capterra

4.5/5

(116)
TrustPilot

4.6/5

(36)

G2

4.5/5

(5)
Capterra

4.5/5

(41)
Glassdoor

3.9/5

(44)

Company health

Employee growth

No data

43% increase in the last year

Web traffic

No data

8% increase in the last quarter

Financing

No data

December 2021 - $108M

How do Payhawk's and Yokoy's mobile apps compare for expense reporting?

Both Payhawk and Yokoy offer mobile apps designed for expense management on the go. Both apps allow receipt uploading and generally aim to simplify expense reporting. While user reviews praise Yokoy's receipt scanning and pre-filling capabilities, some criticize its mobile app experience as lagging behind the desktop version. Payhawk's mobile app focuses on card and expense tracking and automating reports. Direct comparison of app features like offline functionality or approval workflows isn't available from the provided data.

Which product, Payhawk or Yokoy, has more reliable credit card integrations?

Payhawk appears to have more reliable credit card integrations than Yokoy. While neither product explicitly details all of its integrations, user reviews for Yokoy mention issues with credit card feeds, especially with UBS cards. Payhawk, on the other hand, while having some user complaints about limited USD functionality and ERP integration issues, does not have similar complaints regarding its core credit card integrations. Therefore, based on available information, Payhawk seems to offer a more reliable credit card integration experience.

What are the advantages of Payhawk?

Payhawk offers better customer service (0.88 vs -0.5). Payhawk supports Apple Pay and provides a broader range of industry support, covering areas like Legal and Non-profit where Yokoy has no data. While both offer mobile apps and receipt uploading, Payhawk users specifically praise its customizability and ease of use.

What are the disadvantages of Payhawk?

Payhawk has some reported limitations with USD payments and ERP integrations. Some Australian users have noted missing functionality. Finally, some users have expressed concerns about needing additional security measures for payments.

Alternatives to Payhawk and Yokoy

Procurify

Procurify is a cloud-based software platform designed to help mid-sized companies control spending and save money. It offers a suite of tools to manage the entire purchasing process, from requisition to payment, all in one place. This helps eliminate wasteful spending, reduce manual errors, and free up employees' time. Procurify is known for its ease of use, quick setup, and dedicated customer support. With real-time data and reporting, it provides valuable insights into company spending habits, empowering better financial decisions.

SAP Concur

SAP Concur helps businesses of all sizes manage their travel expenses, invoices, and overall spending. It streamlines expense reports, automates invoice approvals, and provides real-time visibility into company spending. This helps control costs, reduce risks, and improve employee productivity. SAP Concur integrates with other software and offers a mobile app for employee convenience.

Airbase

Airbase is a spend management platform designed for mid-sized businesses. It combines expense management, accounts payable automation, and corporate cards in one platform. Airbase helps businesses track spending, automate approvals, and simplify accounting processes, from purchase requests to reconciliation. Airbase integrates with popular accounting software and aims to improve financial control and compliance.

Coupa

Coupa is a cloud-based software platform that helps businesses of all sizes manage their spending. It brings together all your spending information, from sourcing and purchasing to invoices and expenses, in one place. This gives you greater control and visibility, helping you save money, improve efficiency, and make smarter decisions. Coupa integrates with other systems like your ERP, and offers tools for managing vendors, automating tasks, and analyzing spending patterns.

Ramp

Ramp is an all-in-one finance software designed for mid-sized to large businesses, particularly those in fast-growing sectors. It combines corporate cards, expense management, bill payments, and accounting automation into a single platform. Ramp aims to save businesses time and money by automating tasks, enforcing spending policies, and providing insights into company spending. It integrates with popular accounting systems and promises to simplify financial operations, making them more efficient and transparent.

OpenEnvoy

OpenEnvoy is an AI-powered software designed for mid-sized and larger companies to automate financial processes, particularly in accounts payable and spend management. It helps businesses gain clear insights into their spending, identify potential savings, and reduce manual work like invoice processing. OpenEnvoy integrates with existing accounting systems and emphasizes user-friendliness without requiring advanced technical expertise. They highlight their ability to identify financial discrepancies, potentially saving companies millions.

Page co-authored by

Michal Kaczor

CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

Tymon Terlikiewicz

CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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