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Teampay Review

Teampay
Our score: 7.4 User satisfaction: 93%

What is Teampay?

Teampay is a spending solution that empowers employees to request expenditures and enables managers to approve and track spending. It removes the hassles of manual approval workflows and spending data collection. On top of that, it promotes responsible spending among your employees while enabling them to accomplish organizational goals. You can achieve this through the setting of spend limits and by enforcing them stringently.

Additionally, Teampay enables your finance managers to reconcile cash flows and spending data with ease. That is because the solution automates the process while ensuring that administrators stay on top of it. Thus, you can be sure of the accuracy of the numbers.

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Overview of Teampay Benefits

Stringent Spend Control

With Teampay, you can empower your employees to spend on what is necessary while limiting their expenditures. You can do this by setting spending boundaries to avoid overages. Furthermore, you can configure this by vendor, transaction, or employee.

Virtual and Physical Cards

To provide your company with greater security, Teampay offers virtual and physical cards. Your employees can use the former for online purchases and use the latter for on-site or real-life transactions. This way, you can better improve spend management in different aspects.

Automatic Reconciliation

Reconciling receipts and money movement is a tiring task that Teampay automates. It gathers receipt and spending data on behalf of your finance team—the application reminds employees to send in receipts and it automatically collects them. Additionally, the solution assists your finance managers with their accounting since it can integrate with popular accounting systems. Thus, they can finish their tasks faster.

Real-Time Spend Tracking

With Teampay, you can stay on top of company spending at all times. It provides you with reports regarding spending and approval trends and notifies you in case a change occurs. The solution also helps you prevent redundant spending for your organization to save more money. Moreover, the platform helps you cut costs by providing you with comparative price benchmarking, which shows comparisons in prices and provides vendor alternatives.

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Overview of Teampay Features

  • Spend Limits
  • Spend Rules Enforcement
  • Virtual & Physical Cards
  • Automatic Expense Capture
  • Accounting System Integration
  • Corporate Card Expense Integration
  • Vendors & Subscriptions Tracking
  • Comparative Price Benchmarking

Teampay Position In Our Categories

Knowing that businesses have distinctive business-related wants, it is logical that they abstain from purchasing a one-size-fits-all, “perfect” business program. Nevertheless, it would be futile to try to pinpoint such a software product even among recognizable software solutions. The correct thing to do should be to make a list of the various major aspects that necessitate inspection like essential features, budget, skill capability of staff members, company size, etc. Next, you must follow through the research fully. Go over these Teampay evaluations and scrutinize each of the applications in your shortlist more closely. Such detailed research can make sure you take out mismatched applications and pay for the system which provides all the benefits your company requires.

Position of Teampay in our main categories:

It's crucial to keep in mind that almost no app in the Expense Management Software category will be a perfect solution able to meet all the goals of all business types, sizes and industries. It may be a good idea to read a few Teampay Expense Management Software reviews first as certain services might excel exclusively in a very narrow set of applications or be created with a very specific type of industry in mind. Others may work with an intention of being easy and intuitive and consequently lack complex functions needed by more experienced users. There are also services that cater to a broad group of customers and offer a rich feature base, however that in most cases comes at a more expensive price of such a software. Be certain that you're aware of your requirements so that you get a solution that offers all the functionalities you look for.

How Much Does Teampay Cost?

Teampay Pricing Plans:

Free Trial

Teampay

Contact vendor

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What are Teampay pricing details?

Teampay Pricing Plans:

Free Trial

Teampay

Contact vendor

Teampay offers enterprise pricing according to your number of transactions. Get in touch with the software vendor’s sales team via email to get a quote.

User Satisfaction

Positive Social Media Mentions 23
Negative Social Media Mentions 1

We know that when you decide to purchase a Expense Management Software it’s vital not only to learn how professionals rank it in their reviews, but also to check whether the actual clients and businesses that use this software are genuinely happy with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Teampay reviews across a vast range of social media sites. The data is then displayed in an easy to understand form revealing how many customers had positive and negative experience with Teampay. With that information at your disposal you should be ready to make an informed business decision that you won’t regret.

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Technical details

Devices Supported

  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Teampay?

Teampay can integrate with the following systems:

  • NetSuite
  • Intacct
  • QuickBooks Online
  • Xero
  • Slack
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Louie Andre

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."

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