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Teampay

Status: Unverified

Teampay’s distributed spend management platform gives high-growth companies total control and real-time visibility over purchasing, while empowering employees with smart, policy-driven access to company spend. The company’s SaaS product delivers a user-friendly workflow that aligns spenders and finance, collects critical data, integrates it into existing systems, and provides safe, intelligent payments. These capabilities solve the common problems of policy misalignment, lack of transparency, and unpredictable spending. Teampay was founded in 2016 and is headquartered in New York City.

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Description

Overview

Teampay integrates directly with NetSuite to give organizations control over spend and streamline the flow of transaction data into one centralized place, extending the power of NetSuite.

Key Benefits

  1. Upfront Coding
  2. Automated Reconciliation
  3. Intelligent Payments
  4. Proactive Policy Controls
  5. Purchasing Workflow Automation

Customer Quote

We went from a 90-100 page monthly Amex statement to almost nothing now. Our big win has been getting employees off shared corporate cards and onto Teampay.

– John Chard, Consensys

Why customers choose Teampay

Customers choose Teampay because we offer the most robust, scalable spend management platform on the market. Our customers are typically growing fast and quickly finding their corporate card programs or expense management platforms to be unwieldy as they offer little purchasing controls and no visibility until after money has already been spent. They turn to Teampay when they’re ready to implement a more holistic, customizable solution.

FEATURES

Upfront Coding

Achieve higher accuracy with less manual guesswork and no back-and-forth. Purchase data is collected at the initial request and sent to the approver and to Netsuite automatically, ensuring accurate data from request to reconciliation.

Automated Reconciliation

Deliver accurate information quickly to every stakeholder in the purchasing process. Purchases are automatically uploaded into the general ledger as they happen, and are correctly coded - saving you valuable time.

Intelligent Payments

Stop rogue spending and fraud. Intelligent software limits payments to the approved amount on a virtual or physical card, or by issuing a PO.

Proactive Policy Controls

Get total financial control without strangling your growth and culture. Spend policy is coded in software, which enforces it by automating the collection of purchase data and sending it to a designated approver.

Purchasing Workflow Automation

Create efficiency, scalability, and transparency for spend, so you can focus on more strategic work. All of the people in the purchasing process and their disparate efforts are unified by a single workflow system that spans from request to reporting.