Yolkbrands is an UAE-born hospitality group which invests and operates a portfolio of F&B brands. Their goal is to become the leading quick-service restaurant (QSR) group in the Middle East. 

‍

Yolkbrands’s Objectives

As of 2024, Yolkbrands has 4 brands concepts - Pickl, Bonbird, 1762 and Southpour. These are a mix of fast food joints, cafes, and catering businesses. The team was looking to automate all their financial documents into Netsuite SOAP, across all outlets to free up administrative resources as they continued to focus on global expansion. 

‍

Specifically, Yolkbrands was looking to leverage fileAI across their 30 outlets and entities to:

• Automate the processing and extraction of invoice purchases from their suppliers into Netsuite as vendor bills, allocated to the respective subsidiaries and locations
• Automate the processing of daily sales summaries 
• Ingest delivery orders for their coffee roaster outlets

‍

The fileAI Solution

“As a fast-growing business, fileAI is critical for Yolkbrands’ accounting operations. Instead of having to hire new headcount when my team hits capacity, we now channel all file processing through fileAI. This means we can open new outlets anytime without needing to be concerned about back office manpower. We’re also confident that our books will close on time."

- Katia Fakih, Chief Financial Officer

‍

fileAI’s Results

fileAI is processing documents for nearly all 30 of Yolkbrands’s outlets and entities today, totalling over 4000 files per month. With fileAI powering the automation of their bookkeeping processes, Yolkbrands has achieved greater productivity, speed, and more streamlined operations. This has allowed the brand to be more responsive to market demands, their customers’s needs, and fueled their expansion goals. 
‍

Looking to start automating your company's accounting and finance workflows? Sign up and try fileAI for free.