• Teampay - Purchasing Automation Software

    Teampay helps employees buy what they need quickly while providing control and visibility to finance

  • Teampay’s distributed spend management platform provides a conversational interface that guides employees through purchase requests, automatically enforcing the correct policy. By unifying the entire process from request to reconciliation, Teampay’s 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. With Teampay, you can manage all types of purchasing, made by anyone, from end-to-end. Employees love the effortless experience, and Finance teams can breathe easy knowing that all spending is pre-coded & pre-approved.Teampay’s advanced integration with Sage Intacct allows users to sync transactions to Intacct in real time--including their pre-coded Department, Class, Vendor and GL Account--ensuring accurate data is instantly recorded in Intacct.

    Key Benefits:

    One place to go for all employee spending

    With Teampay, employees across the organization have one place to request access to company funds, regardless of their location, currency or payment method. Employees can use Teampay to make requests for virtual and physical card purchases, reimbursements and even invoiced spend, meaning you no longer need to add seats for access to Intacct’s PO module or train employees to use another AP system.

    Real-time visibility and better data

    With Teampay, finance and people managers can access the insights they need to identify spend patterns and trends, without having to pull reports from Intacct. All spend is tracked in real time so you can make necessary policy adjustments on the fly and know exactly how you’re tracking against budgets. Because Teampay collects purchase details from employees upfront, finance teams are freed from the guesswork of who spent what and why, and are able to close more efficiently at month-end without waiting on receipts or expense reports.

    Automated reconciliation

    Transaction data is synced in real-time to the general ledger in Intacct, ensuring you always have the latest information. Unlike traditional expense management software, credit card transactions sync immediately to Intacct as bills and bill payments, carrying over more granular details such as receipts so you have a full picture of spend the moment it happens. And with 2-way sync, you can have confidence that you’re seeing the most accurate information in both systems regardless of where you make changes.

    System Requirements:
    To enable the integration, Sage Intacct users are NOT required to purchase: Sage Intacct Web Services - Developer License

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

    Integration Approved Countries:
    United States;


    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. Teampay’s patented technology (U.S. Pat. No. 10,755,339, and other patents pending) delivers a user-friendly workflow that aligns spenders and finance, collects critical data, integrates it into legacy systems, and provides safe, intelligent payments. As such, the platform solves the common problems of policy misalignment, lack of transparency, and unpredictable spending. Teampay was founded in 2016 and is headquartered in New York City.

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