PayEm’s new feature is meant for finance teams and will allow them to save time on repetitive tasks: One Click Reconciliation allows users to sync bill payments as well as journal entries. The new feature also skips the sync, allowing users to select payments as reconciled.
The feature grants the option to assign multiple payments to one bill and reconcile it to ERP. Now, with the new feature, finance teams can shorten the reconciliation process. This feature has been estimated by companies who used it in the beta stage to save up to 2,000 hours a year.
PayEm’s platform creates the context for every transaction up front. Whether from a PO or vendor card transaction, every detail of every expense is automatically recorded and matched in PayEm’s platform and then synced to the company’s ERP.
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