Teampay

Request, approve, and track company spending in real-time

About Teampay

Teampays distributed spend management platform provides a conversational interface that guides employees through requests, automatically enforcing the correct policy. By unifying the entire process from request to reconciliation, Teampays automated workflows reduce manual work, ensure accurate data, and eliminate the frustration of month-end close. This allows Finance to have confidence in their numbers, and the organization can make better decisions, faster.

Key benefits of Teampay

- Proactive policy controls
- Real-time visibility into all spend - from card to PO
- Upfront coding
- Automated reconciliation
- Policy engine and approval workflow

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Images

Teampay vendor expense tracking
Teampay Slack integration
Teampay transaction history
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Teampay video
Teampay screenshot: Teampay vendor expense tracking Teampay screenshot: Teampay Slack integration Teampay screenshot: Teampay transaction history

Features

Total features of Teampay: 35

  • Account Reconciliation
  • Accounting Integration
  • Activity Dashboard
  • Ad hoc Reporting
  • Alerts / Escalation
  • Approval Process Control
  • Audit Trail
  • Automatic Notifications
  • Budget Control
  • Categorization
  • Credit Card Integration
  • Data Import
  • Data Import/Export
  • Duplicate Payment Alert
  • Expense Claims
  • Expense Tracking
  • Fraud Detection
  • Invoice Management
  • Order Approval
  • POS
  • Purchase Order Management
  • Purchasing Management
  • QuickBooks Integration
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Receipt Management
  • Reimbursement Management
  • Reporting & Statistics
  • Rules-Based Workflow
  • Spend Analysis
  • Spend Control
  • Third Party Integration
  • Vendor Management
  • Workflow Management

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Reviews

Overall rating

4,6 /5
(10)
Value for Money
4,6/5
Features
4,3/5
Ease of Use
4,5/5
Customer Support
4,9/5

Already have Teampay?

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Showing 5 reviews of 10
Andrew D.
Overall rating
  • Industry: Consumer Goods
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Let Management Make Their Own Decisions

Reviewed on 2019/02/08

Teampay is always there to help or answer any questions in a timely manner, which is important in...

Teampay is always there to help or answer any questions in a timely manner, which is important in the world of finance.

Pros

I love that it gives power to the people! The employees don't need to ask accounting for every single payment request, but also do not have a physical credit card that is difficult to track and report every month. This has eased up the lift in the accounting department as expense reports have fewer charges and AP is also lighter. There are still controls in place to ensure that these decisions are being approved, but these are decisions that should be approved within those departments anyway.

Cons

My company definitely pushed the limits of the software, in terms of transaction counts and approval groups. Managing approval groups is a bit clunky, but it's not a huge problem.

Shannon M.
Overall rating
  • Industry: Real Estate
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Makes your life easier!

Reviewed on 2019/02/12

This tool is amazing and every company should be using it! I have never used a more efficient...

This tool is amazing and every company should be using it! I have never used a more efficient accounting approval and purchase tool. Love, love, love it!

Pros

I first started using this app as an Office Manager you may be several purchases in one day. I'd spend a full day once a month going back and finding my receipts in my inbox or dig through my wallet. Now, I get my purchases approved and have accountability to load my receipt directly after the purchase. It's such a time saver!

Cons

I wish there was a physical card we could use for in-person transactions or places that require a card.

Brett W.
Overall rating
  • Industry: Hospitality
  • Company size: 51-200 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 3.0 /10

Solid for recurring expenses, but there are better options out there

Reviewed on 2019/11/12

We wanted to help our team purchase the products they need while keeping track of everything and...

We wanted to help our team purchase the products they need while keeping track of everything and Teamppay does a good job of it. Problem is their competitors are able to offer additional value.

Pros

The Slack integration is a very cool and user friendly way for users to request additional recurring billing software. Customer support team is good and trying to grow the product as they are a small company.

Cons

They do not provide credit unlike competitiors Divvy and Brex which really impacts the value. Also our Slack integration broke and it was very difficult to get it back up and running

Chris W.
Overall rating
  • Industry: Computer Software
  • Company size: 501-1 000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Excellant Service

Reviewed on 2019/02/12

Excellent service and great product for a company our size with many different types of expenses.

Excellent service and great product for a company our size with many different types of expenses.

Pros

The ability to control, track and monitor spending. I prefer the use of virtual cards because it for the most part guarantees receipts from emails, unlike a physical card and having to track receipts down.

Cons

Sometimes the website is slow on loading. Also having the ability to prevent someone from making a future charge if they have not uploaded receipts from a prior purchase. This will help reinforce the need to upload receipts. If teampay can expand globally that would also be great.

Mehran K.
Overall rating
  • Industry: Retail
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

My favorite tool

Reviewed on 2019/02/05

Pros

As an AP Manager, here at The Bouqs Company, this tool has saves us plenty of time and money.
Amazing speedy way of giving employees credit cards through an approval process.

Cons

The lack of monthly statements makes it a bit difficult to reconcile the account during our month end close.

Showing 5 reviews of 10 Read all reviews

Teampay FAQs

Below are some frequently asked questions for Teampay.

Teampay offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Teampay for pricing information.

Teampay offers the following features:

  • Accounting Integration
  • Approval Process Control
  • Audit Trail
  • Duplicate Payment Alert
  • Fraud Detection
  • Invoice Management
  • Receipt Management
  • Reimbursement Management
  • Spend Control
  • Vendor Management
  • Workflow Management

Teampay has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Teampay supports the following languages:

English

We do not have any information about what devices Teampay supports

Teampay integrates with the following applications:

NetSuite, QuickBooks Online, QuickBooks Online Advanced, Sage Intacct, Slack, Xero

Teampay offers the following support options:

Phone Support, Online Support

Related categories

See all software categories found for Teampay.