Teampay

Teampay is a comprehensive spend management platform designed to streamline financial processes for businesses. It integrates purchase management, expense management, and corporate cards into a unified system, providing a seamless experience for both employees and finance teams. The platform allows users to set spend policies and automate purchase requests, ensuring control and visibility over company expenditures.

Key features of Teampay include automated invoice capturing using OCR technology, smart matching of invoices to purchase orders, and custom approval workflows. These workflows can be tailored based on various criteria such as spend limits by vendor, amount, department, and more. Additionally, Teampay offers automated reconciliation, which applies the correct coding to transactions, and provides a complete audit trail for invoices and purchase orders. This includes visibility into payment status, partial closes, and bill payments.

Teampay supports multiple payment methods, including domestic and international payments via ACH, wire, check, and cards. It is particularly suited for businesses that value agile spend management features and require upfront purchase approvals. The platform's integration capabilities, such as compatibility with Slack for managing approvals, make it an attractive option for companies seeking to enhance their financial operations efficiently.