Teampay – Simplifying the expense management process for businesses of all sizes

Teampay is the first purchasing software built for modern, tech-enabled businesses. Its solutions allow companies to request, approve and track expenditures in real time. The company helps you spend more time on your goals and less time on routine manual tasks. Teampay's all-in-one software streamlines spend for the whole company. It gives finance teams control and transparency while empowering managers and employees to get what they need, when they need it. Through intuitive workflows and smart automations, it helps companies save time and increase productivity, allowing its customers to concentrate on building the business.

Its customers are all across the globe, working in different time zones, remote and hybrid. The company is focused on building smart solutions that simplify their day-to-day. Teampay helps companies spend more productively.

Teampay's Core Values

Curiosity: A thirst for constantly learning is key. They do not expect someone to have all the answers, but they do expect they have a history of acquiring new knowledge without much oversight.

Grit: Building something new requires persistence in the face of often overwhelming odds. They seek people who aren’t afraid of falling while learning to walk.

Teamwork: Working well together requires emotional intelligence. Empathy allows them to communicate honestly, accept criticism, and achieve better understanding of their colleagues and customers.

Self-discipline: Dealing with so many unknowns requires self-discipline to stay on track. They do their own homework and show up prepared.

Impact: Collaborating in a small team with lots of autonomy gives an opportunity to have an outsized impact on other success. They look for people who think like owners, and take pride in their results.

Offering Revolutionary Spend Management Tools and Solutions

Spend management: Teampay leads with a simple purchasing experience for employees and enforces policy automatically as team members request funds, making it easy for everyone in the company to onboard with Teampay and follow processes without any training. Because all spend happens in one place, your data is always accurate and updated in real time. Having full visibility into company spend allows you and your employees to make better, more informed decisions based on the most complete, current information. Teampay’s intuitive policy engine makes it easy to make changes to your rules and adjust the trajectory of your company spending—so you can adapt easily to changing market and economic conditions without slowing down to train everyone on the new policy. Teampay automatically records each of your team member's transactions and payments, so you can access the data you need to make smart decisions. From card spend to POs and invoices, all the way to reimbursements, your data is accessible and accurate.

Purchase Assistant: Teampay’s friendly, conversational Purchase Assistant guides users through the purchasing process, collects approvals upfront and keeps teams moving—all through your company's preferred communication tool. Teampay's Purchase Assistant integrates with your company's communication tool, so employees don't have to learn a new behavior to spend compliantly. Connect through Slack, Teams or the Teampay web app. The Purchase Assistant guides employees through the purchase process, so they don't have to reach out to the accounting team whenever they need to make a purchase. Teampay's Purchase Assistant automatically ensures compliance as employees enter their purchase details—so there's no need to continually communicate your policy. Teampay eliminates mystery purchases, giving you full control over your company's spend activity. All transactions route to the appropriate approver, or you can set certain in-policy transactions to auto-approve, giving the finance team the ability to scale their involvement.

AP Automation: Automated invoice processing and purchase order matching, routing for approval and payment, full visibility into POs, bills and payments—it’s all powered by Teampay. Teampay uses optical character recognition (OCR) technology to automatically scan invoice data, so all you have to do is review and approve. Create and pay bills via ACH, virtual card, check or wire—and update purchase order status in either Teampay or your ERP. Your changes sync automatically across systems. Employees request purchase approval through Slack, Teams or the Teampay web app—so you don't get a DM every time a team member needs to buy something. Teampay automatically enforces the rules you set up—and you can get specific, routing requests to the right person to take specific actions. If a certain type of purchase needs multiple approvers, or you want to route approvals differently for certain teams or vendors, Teampay can make it happen.

Intelligent Cards: Teampay's virtual and physical cards empower employees to spend securely from anywhere. Teampay ensures every transaction stays in your company's specific policy. Easy-to-set rules ensure purchases are routed through the policy engine before being sent to managers for quick, easy approval. If a payment goes rogue, approvers get an alert to look into it. Upon approval, Teampay's Purchase Assistant issues unique, secure virtual cards to the requestor. No more card sharing, which means better security and less time spent trying to track down mystery purchases. Teampaygo offers the same customizable controls of virtual cards, with the versatility of a physical card. Easily set rules, pre-load cards with limited funds or leave them open-ended for more flexibility. Employees can code transactions and upload receipts on-the-go through Slack, Teams or the Teampaygo mobile app.

Andrew Hoag, Founder & CEO

"Through intuitive workflows and smart automations, we help companies save time and increase productivity, allowing our customers to concentrate on building the business."