PayEm announced today $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth.

PayEm is an enterprise integrated spend management and procurement platform that automates the entire Request to Reconciliation process for finance and procurement teams. The PayEm platform is pre-integrated into the ERP, organically developed, and designed to meet the needs of the mid-market. Whether Pre-Approval, Post-Approval, or No Approval, PayEm helps to create a 'culture of accountability' by putting the necessary controls in place that optimize all methods in which all employees spend money. Whether you are replacing manual processes or consolidating legacy point solutions, PayEm gives finance and procurement teams complete visibility and control that drive process efficiencies, reduce risk, and reduce operating costs that contribute to business growth.