PayEm and Soldo both fall under spend management, but PayEm centers on procurement, purchase orders, AI-driven invoice-to-PO matching, and ERP sync, while…
Best for PayEm: Finance and procurement teams that need purchase-order creation, AI-powered OCR invoice-to-PO matching, and ERP synchronization (such as NetSuite) as part of a request-to-reconciliation workflow.
Best for Soldo: Businesses wanting straightforward company cards, bank transfers, and OCR receipt capture with transparent entry pricing, £21/month + VAT for the Standard plan (3 users, 3 cards), and FCA-regulated Electronic Money Institution status.
At a Glance
PayEm
Soldo
Primary category
Payments
Payments
Rating
Not documented
Not documented
Pricing model
Custom
subscription
Starting price
Custom (contact sales)
£21/month
Free plan
Not documented
Not documented
Free trial
Not documented
Yes
Platforms
Web
Web
Team collaboration
Not documented
Not documented
AI features
Yes
Not documented
Public API
Not documented
Not documented
Key Differences
Pricing Transparency
PayEm: PayEm has no public pricing and requires a sales conversation.
Budgeting and procurement timelines differ significantly when pricing isn't published.
Procurement Depth
PayEm: PayEm includes dedicated purchase-order creation with customizable request and approval workflows synced to the ERP, plus AI-powered OCR matching invoices to POs.
Soldo: Soldo does not document a purchase-order or invoice-matching feature; it focuses on card spend and receipt capture.
Companies running formal purchase-order-based procurement need dedicated PO workflow tooling.
Regulatory Status
PayEm: No regulatory status is documented for PayEm on the pages reviewed.
Soldo: Soldo is regulated as an Electronic Money Institution by the UK FCA, with additional entities in Italy and Ireland.
Regulatory transparency matters for finance teams evaluating custodial risk over pooled funds.
Vendor Card Specialization
PayEm: PayEm issues dedicated vendor cards specifically for SaaS subscriptions.
Soldo: Soldo issues physical and virtual cards generally, but doesn't document a SaaS-specific vendor card feature.
Managing many recurring SaaS subscriptions benefits from per-vendor card control.
Approval Channels
PayEm: PayEm routes requests and approvals through Slack and email in addition to its own platform.
Soldo: Soldo has approval workflows, but Slack/email routing isn't documented.
Approvals happening inside tools teams already use daily reduce friction and delay.
Feature-by-Feature
Procurement & AP
Feature
PayEm
Soldo
Purchase order creation
Available
Unavailable
AI/OCR invoice-to-PO matching
Available
Unavailable
ERP synchronization (e.g. NetSuite)
Available
Not documented
Approval workflows via Slack/email
Available
Not documented
Cards & Payments
Feature
PayEm
Soldo
Physical & virtual company cards
Available
Available
Dedicated vendor cards for SaaS
Available
Unavailable
Outbound bank transfers
Not documented
Available
Multi-currency spending
Not documented
Available
Multi-entity / wallet hierarchy
Not documented
Available
Trust & Access
Feature
PayEm
Soldo
Published starting price
Unavailable
Available
Regulatory status disclosed
Not documented
Available
Free trial
Not documented
Available
Real-time spend reporting
Not documented
Available
Pricing Compared
Starting price reflects the lowest paid tier, not the full cost for every team size or usage level.
Combines procurement, corporate cards, and accounts payable automation in a single platform
Strong multi-entity and multi-currency support for internationally operating companies
OCR-based invoice capture reduces manual data entry for accounts payable teams
Configurable approval workflows adapt to different company spend policies
Backed by substantial funding, including large credit facilities to support card issuance
Cons
Pricing is not published and requires a sales conversation to obtain a quote
Smaller brand recognition than larger competitors like Ramp, Brex, or Coupa
Breadth of features can mean a steeper learning curve for very small teams
Company has changed headquarters location over its history, which may signal organizational flux
Best value likely requires adopting multiple modules (cards, AP, procurement) rather than one in isolation
Soldo
Pros
Combines company cards and expense software into a single platform, reducing manual expense reports
Granular spending controls help prevent budget overruns before transactions happen
Multi-currency support and OCR receipt capture are useful for international or high-volume spending teams
Backed by significant funding and an established presence in the UK and European markets
30-day free trial available on the Standard and Plus plans
Cons
Pricing is per plan plus per-card issuance fees, which can add up for larger card fleets
Unlimited plan requires a sales demo rather than transparent self-serve pricing
Primarily focused on the UK and European markets, which may limit fit for US-only companies
Some advanced integrations like SAP Concur are limited to the top-tier plan
Use Cases
Choose PayEm: Finance and procurement teams that need purchase-order creation, AI-powered OCR invoice-to-PO matching, and ERP synchronization (such as NetSuite) as part of a request-to-reconciliation workflow.
Choose Soldo: Businesses wanting straightforward company cards, bank transfers, and OCR receipt capture with transparent entry pricing, £21/month + VAT for the Standard plan (3 users, 3 cards), and FCA-regulated Electronic Money Institution status.
Need both: Unlikely, since both cover overlapping spend-control ground including cards, approvals, and spend limits, so a company would typically pick one rather than run parallel spend platforms; the decision usually comes down to whether procurement/PO workflows or card-first spend management with published pricing matters more.
PayEm
Automating procure-to-pay for finance teams — Finance teams use PayEm to route purchase requests, card spend, and invoices through one automated approval and payment workflow.
Managing multi-entity, multi-currency spend — Companies with subsidiaries in multiple countries use PayEm to centralize spend visibility and payments across entities and currencies.
Reducing manual accounts payable work — AP teams use PayEm's OCR-based invoice capture and automated reconciliation to cut down manual data entry during month-end close.
Soldo
Departmental Budget Control — Finance teams issue cards to each department with preset budgets so spending stays within limits without manual approval chains for every purchase.
Employee Expense Cards — Businesses replace expense reports and reimbursements with prepaid cards that automatically capture receipts and categorize spend.
Project and Client Spend Tracking — Agencies and project-based businesses use separate wallets per client or project to track and bill back spend accurately.
Frequently Asked Questions
Which tool has published pricing?
Soldo publishes tiered pricing starting at £21/month + VAT; PayEm requires contacting sales for a quote.
Does PayEm support purchase orders?
Yes, PayEm creates purchase orders synced with the ERP and uses AI-powered OCR to match incoming invoices to them.
Is Soldo regulated?
Yes, Soldo is regulated as an Electronic Money Institution by the UK's Financial Conduct Authority, with additional entities in Italy and Ireland.
Can I try either tool for free?
Soldo offers a 30-day free trial. PayEm doesn't document a free trial on the pages reviewed.
Does Soldo support multiple currencies?
Yes, multi-currency spending is included from the Plus plan (£33/month + VAT) upward.
Which is more procurement-focused versus card-focused?
PayEm centers on purchase-order creation and AP automation; Soldo centers on company cards, bank transfers, and receipt capture.