Teampay - Financial Management Tool

Teampay

Teampay

Founded by Andrew Hoag in 2016

Manage company spending with automated purchase approvals and controls

Cost

Demo

Rating

People love it

Time to value

Moderate Setup (1-3 hours)

You can use Teampay to control and manage employee spending across your organization. It lets employees request purchases through a chat-based interface, while finance teams set rules to auto-approve or flag requests based on budget policies. You get virtual and physical cards with built-in spending limits, real-time visibility into transactions, and automatic reconciliation with accounting systems like QuickBooks and NetSuite. It replaces manual expense reports with proactive spend controls.

What Teampay does

Request budget approval for a purchase through SlackIssue a virtual card with a defined spending cap to an employeeSet auto-approval rules for recurring low-value purchasesSync approved transactions directly to accounting softwareReview and approve or deny employee purchase requestsGenerate a spend report broken down by team or categoryCapture and attach receipts to card transactions automaticallyChat-based purchase request workflow via Slack or Microsoft TeamsAuto-approve or deny spend requests based on custom policy rulesIssue virtual and physical cards with preset spending limitsReal-time dashboard showing all company transactions as they happenAutomatic sync with accounting software like NetSuite and QuickBooksSet budget limits by department, team, or individual employeeReceipt capture and matching to close the loop on every transaction

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