• Teampay - Purchasing Automation Software

    Empower employees with software that requests, approves, and tracks company spending in real-time.

  • Teampay is the first purchasing software built for fast-growing, technology-enabled businesses. Our product empowers your team to make approved purchases, while maintaining control of spend.
    Our direct integration with Sage Intacct eliminates the manual work that used to go into closing the books - no more CSVs! With Teampay, all transactions are pre-approved and pre-coded, so you always know who spent what and why. Teampay takes care of coding and reconciling spend by:

    • Automatically syncing Department, Class, Vendor, and GL Account from Sage Intacct to Teampay so that, when an employee is coding their own purchase request, they can select relevant dimensions that also exist in Intacct.
    • Configuring an approval workflow that matches the way that your company works.
    • Issuing virtual cards upon approval so your team can buy what they need on a card which is confined to the approved vendor, amount and frequency.
    • Using Sage Intacct’s advanced API to synchronize transactions in real-time from Teampay, including their pre-coded Department, Class, Vendor and GL Account.

    Key Benefits:

    Control spend

    Teampay brings control back to finance teams by setting expectations on spending before it happens. With Teampay, you can create approval workflows and spend limits to make sure your team always stays in budget.

    Automate reconciliation

    Spend less time time doing the manual work of coding mystery charges and chasing after receipts. Instead, Teampay helps your employees code their purchases before payment using a filtered list of categories, classes, and dimensions directly from your Sage Intacct instance. This means that when a transaction happens, it is automatically synchronized with Intacct already pre-coded!

    See committed and actual spend in real-time

    Don’t wait until the end of the month to know what’s going on in your business. Because all purchases are pre-approved, you always know your committed and actual spend in real-time. Gone are the days when you have to wait until the end of the month for statements or expense reports to know what’s happening.

    Integrate your workflow

    Teampay is available where you work today, in your office and on the go. Your team can request purchase approvals via our Slackbot or web interface (desktop and mobile) - employees love it!

    System Requirements:
    Sage Intacct Web Services; Supported on all major browsers on mobile and desktop; Optional integration with Slack.

    Price:
    Flat, monthly fee based on your feature set and spend volume. All plans include unlimited users, vendors and approvers.

    About:

    Teampay is the first purchasing software built for modern, technology-enabled businesses, built with love in New York City. Our products enable companies to request, approve and track expenditures in real-time. Teampay gives finance teams control and transparency, while empowering workers to be successful. Through automation, our software reduces the torment of manual processes, allowing our customers to concentrate on building the business.


    Phone: (646) 685-8848
    Website: https://www.teampay.co/intacct-and-slack/
    Year Founded: 2016
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