Transparency, Efficiency, and Real-Time Results: How Vi Labs took their finance processes to the next level with PayEm

Overview

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Without PayEm

• Transaction recording was performed manually
• Credit cards, AP, and spend management required separate platforms
• All transactions needed to be manually entered into the ERP
• 40% of finance team bandwidth spent on manual processes

With PayEm

• Automatic transaction recording, including department & budget categorization
• All financial processes are managed via one platform
• Books are automatically synced with NetSuite
• 40% of bandwidth redesignated towards planning & optimization

PayEm saved us almost 40% of our time. The management has much more transparency now. Closing the books is much more efficient. We don't need to wait for the end of month. Any transaction that's been recorded in PayEm is already in NetSuite.