PayEm
UnclaimedThe global spend and procurement platform for lean finance teams, automating expenses and approvals.
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TL;DR - PayEm
- Automates spend, approvals, and invoices with smart corporate cards.
- Prevents rogue spending and ensures compliance with real-time controls and policy enforcement.
- Integrates with ERP and HR systems to streamline finance operations and provide audit-ready books.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces time spent on AP tasks (up to 80%)
- Provides clear visibility and better tracking of all expenditures
- Empowers employees with easy-to-use fund request and receipt management
- Automates repetitive finance tasks, allowing focus on strategy
- Enhances security with unique card numbers, instant locking, and anti-fraud mechanisms
Cons
- Specific pricing details are not publicly available, requiring direct contact for quotes.
- Requires integration with existing ERP and HR systems, which may involve initial setup effort.
Key Features
Virtual Corporate Cards with dynamic spending limits and usage datesPhysical Corporate Cards with customizable limits and PIN protectionAI-Powered Invoice Processing for automated reading, coding, and routingSmart Request Management with custom forms and automated approval workflowsReal-time Spend Controls and Policy EnforcementAutomatic Receipt Capture and Expense TrackingSeamless Integration with ERP and HR SystemsReal-Time Insights and Reporting
Pricing
Paid
PayEm offers paid plans. Visit their website for current pricing details.
About PayEm
By Toolradar Team·
PayEm is a comprehensive spend and procurement platform designed to automate and streamline financial operations for lean finance teams. It provides smart corporate cards, both virtual and physical, with customizable spending limits, merchant restrictions, and automatic receipt capture to prevent rogue spending and ensure compliance. The platform integrates seamlessly with existing ERP and HR systems, offering real-time visibility and control over all expenditures.
PayEm automates repetitive tasks such as approval flows, audit trails, and invoice processing using AI, freeing up finance teams to focus on strategic initiatives. It offers smart request management with custom forms that route for approval and create audit trails from day one. This solution is ideal for businesses looking to gain tighter control over spending, improve efficiency in financial workflows, and achieve audit-ready books without the complexity often associated with enterprise-level solutions.
Key benefits include significant time savings on AP tasks, enhanced transparency for management, and a more efficient month-end close process. Employees benefit from an easy-to-use platform for requesting funds and managing receipts, while finance teams maintain control through granular spending parameters and real-time reporting.
How we evaluate tools →Source: payem.co
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PayEm FAQ
How does PayEm's AI-powered invoice processing handle different invoice formats and data complexities?
PayEm's AI is designed to read, code, and route invoices automatically, regardless of their format. It intelligently extracts relevant data, applies appropriate coding, and ensures seamless integration with your ERP system, significantly reducing manual data entry and speeding up month-end close processes.
Can PayEm integrate with niche or custom ERP and HR systems beyond the commonly listed ones like NetSuite or HiBob?
PayEm offers seamless integration capabilities with a wide range of ERP and HR systems. While popular systems like NetSuite, Google Workspace, Slack, HiBob, BambooHR, Okta, and Priority ERP are explicitly mentioned, the platform is built for flexibility and can often be configured to integrate with other systems, ensuring comprehensive data flow and automation.
What specific controls can be implemented on virtual and physical corporate cards to prevent overspending or unauthorized purchases?
PayEm allows for granular control over both virtual and physical cards. You can set dynamic spending limits, define specific usage dates, implement merchant restrictions, and choose between single or multi-use options. These built-in spend controls ensure adherence to budgets and company policies, preventing overspending and unauthorized transactions in real-time.
How does PayEm facilitate communication and approvals for requests without requiring users to log into the platform?
PayEm integrates with popular communication platforms such as Slack and email. This allows employees to make requests and receive approvals directly within these familiar environments, eliminating the need to log into the PayEm platform for every action. This streamlines the approval process and ensures compliance while maintaining an audit trail.
Beyond expense tracking, what kind of real-time insights and reporting does PayEm provide to aid financial decision-making?
PayEm provides immediate insights into virtual and physical card usage, spending trends, and overall financial patterns. The real-time reporting capabilities empower finance teams to make timely adjustments, identify cost-saving opportunities, and maintain a proactive financial stance, moving beyond reactive expense management.
Source: payem.co