What Is PayEm?
PayEm is the global spend & procurement platform created to meet the needs of finance teams. Specifically designed for global SMEs and enterprises, the platform offers control and transparency by streamlining reimbursement, procurement, AP automation, and both virtual and physical credit card processes into corporate spending. The technology also has cross-border capabilities: finance teams using PayEm can send funds to over 200 territories in 130 different currencies in just one click
Who Uses PayEm?
Finance and accounting teams that are looking to modernize their entire payment cycle and save both time and money for their team and employees by leveraging automation.
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Reviews of PayEm
Easy Saas solution for vendor management funding and approval flow
Comments: We needed better expenditure management, budget management, and a clearer understanding how much we spend on each vendor. PayEm has given me the ability to do budget tracking and troubleshooting on the spot. I’m in total control of the budget and can make sure that any deviation in the budget goes through me. At any given time. I know about the company’s expenses without going into outdated banking platforms. PayEm has also made it easy for employees to request funds. I no longer have to waste time with approval meetings. We easily avoid unnecessary credit card charges. The process is simple and convenient for everyone.
The robust purchase approval flow made our life easy. We can now receive requests from remote employees according to the company budget, manage all company vendor budgeting, and have a clear picture of all the money we manage, down to each and every transaction. I have visibility of all the money coming out of the company at the supplier level making it easy to manage the budget.
There’s nothing to dislike. PayEm is a great value-add for customers.
Comments: Very good - the only thing that should be mentioned is the transparency regarding vendors that don't accept the CC as this might be crucial for some companies.
The UI is very clear and intuitive. The way it allows you to play with CC based on your needs
There are a lot of small stuff to implement that might create a better experience - i had a review call with our CS rep.
Nice product for credit-cards' based purchases
Comments: It's providing us the ability to let our employees use credit cards without depending on their managers (by pre-approving limits /vendors) for each one individually if needed).
It's very easy to use, you can allocate each employee with its own credit card and monitor purchases / approval process.
Some suppliers are not accepting PayEm cards, which makes it difficult to rely on this service as the main solution.
The only solution that serves both the finance department and all other departments in the company
Comments: Now, with PayEm if an employee leaves and forgets to close an account/subscription that charges every month, we can simply cancel that card, and the charges cease. Or, if a supplier attempts to charge more than we know is necessary, they're unable due to the settings we have defined for the card. There are no more credit card charges that we do not know who is responsible for. PayEm's SaaS and vendor management solution has truly made us more efficient.
I like the solution's efficiency: it allows the finance team to understand the owner and nature of each expense. In addition, PayEm offers control: over the approved budget, real-time spend, the ability to block a charge in case of deviation from the budget on the spot (and not in retrospect), prevents cases of card breaches and unfamiliar charges, and allows users to attach the invoice/receipt themselves.
Not every business works with an American credit card - but PayEm is working to change this. Also, the user experience can be improved, with slight changes that will make a big difference.
PayEm centralizes all expenses in one place and offers control over the budget and credit card
Comments: One of the challenges for us is that we have several global subsidiaries. With PayEm we can manage the employee-level expenses incurred for companies from different countries in different currencies and associate everything to the correct department and the right budget item–all in one place. Even each card has a different billing address. Of course, every issue of transparency and control has saved us a lot of time, and we finally have more control.
I like the interface the most. The dashboard is simple, and the UI is clear. When we asked everyone who uses PayEm, they all said that the interface is easy and accessible. The finance team doesn’t have to waste time explaining anything; it’s easy to connect to the system and submit requests. On the main dashboard, I see the essential data that centralizes important data like balance, spend amount view for different categories, all pending and rejected requests. It helps me set priorities and handle tasks because I see both on the macro and micro levels.
On occasion, if I was unsure how to do something, all I need to do is talk to Customer Support, and they always help.