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Tel Aviv, Israel - February 20, 2024 - PayEm, a global spend management solution, and NetSuite partner, has teamed up with Kolleno, the leading AR management software in EMEA.
PayEm is excited to announce its new partnership with Kolleno, an intelligent financial platform built to consolidate receivables, payables, and reconciliation. The London-based firm helps businesses streamline their accounts receivable processes with features that enable the automation of manual collections, enhancing cash flow management and reducing operational costs.
Kolleno's capabilities enable companies to reduce DSO, fully customize and automate outbound communications, simplify reconciliation, and create a self-service payment portal. A business can quickly resolve client disputes through cross-team collaboration.
When combined with PayEm’s intuitive spend management and global procurement features, finance teams can experience end-to-end automation capabilities for their entire procure-to-pay lifecycle. This enables brands to gain full visibility into financial health while optimizing operations, saving time, and reducing costs.
The PayEm and Kolleno partnership aligns perfectly with PayEm’s core mission: reshape and prioritize the human experience through intuitive tools and smart automation. This partnership is also a win-win for NetSuite users, as both systems integrate with the foundational ERP.
“PayEm aligns seamlessly with our goal of helping clients simplify financial operations, enhance efficiency, and foster growth. With expertise in spend management and integration with Netsuite, partnering with PayEm can bring significant value to customers, especially when combined with Kolleno's ability to streamline financial processes.”
- Dimitri Raziev, CEO, Kolleno
"This partnership with Kolleno complements PayEm's approach to spend management by combining our strengths with Kolleno's AR management expertise. Together, we offer businesses a more cohesive and efficient way to handle their financial operations, focusing on practicality and ease of use. It's about creating a system where our solutions work seamlessly together, simplifying complex financial tasks for our customers."
- Itamar Jobani, CEO, PayEm
PayEm and Kolleno are dedicated to leveraging their strengths to enhance their shared mission of empowering customers to achieve greater success through more efficient financial operations.
About Kolleno
Kolleno is a financial operations platform that brings together receivables, payments and reconciliation - all in one place. The platform is built for and by finance professionals to automate and optimize back-office processes, including client payments, related communications, and financial reporting, through highly customisable workflows.
Powered by advanced AI capabilities, Kolleno pulls data from all incoming accounting systems, ERPs and CRMs, and deciphers context-sensitive data into actionable insights.
Learn more at www.kolleno.com
About PayEm
PayEm is a world-leading spend management platform focused on outcomes and a user-centric approach. Committed to excellence, the solution offers everything you need for modern expense tracking, from custom request forms to dynamic approval workflows, budget control, and invoice processing; simplifying finance has never been easier. Say goodbye to bottlenecks and experience to future of financial workflows.
