Who Uses This Software?

Teampay has seen success across industries. Its core customers are fast-growing, technology-enabled companies.


Average Ratings

8 Reviews

  • 4.5 / 5
    Overall

  • 4.5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Live Online
  • Support
    Online
    Business Hours

Vendor Details

  • Teampay
  • www.teampay.co/
  • Founded 2016
  • United States

About Teampay

Teampay is the first purchasing software built for fast-growing, technology-enabled businesses. Our products empower companies to request, approve and track spending in real-time. Our API integrations with Quickbooks Online, Xero, Intacct and Netsuite eliminate 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 Features

  • Approval Process Control
  • Invoice Management
  • Multi-Currency
  • Receipt Management
  • Receipt Upload
  • Reimbursement Management
  • Spend Control
  • Time Tracking
  • Workflow Management
  • Approval Process Control
  • Bank Reconciliation
  • Cash Management
  • Check Printing
  • Duplicate Payment Alert
  • Fraud Detection
  • General Ledger Entry
  • Vendor Management

Teampay Reviews Recently Reviewed!


Capterra loader

Let Management Make Their Own Decisions

Feb 08, 2019
5/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: I love that it gives power to the people! The employees don't need to ask accounting for every single payment request, but also do not have a physical credit card that is difficult to track and report every month. This has eased up the lift in the accounting department as expense reports have fewer charges and AP is also lighter. There are still controls in place to ensure that these decisions are being approved, but these are decisions that should be approved within those departments anyway.

Cons: My company definitely pushed the limits of the software, in terms of transaction counts and approval groups. Managing approval groups is a bit clunky, but it's not a huge problem.

Overall: Teampay is always there to help or answer any questions in a timely manner, which is important in the world of finance.

Capterra loader

Makes your life easier!

Feb 12, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: I first started using this app as an Office Manager you may be several purchases in one day. I'd spend a full day once a month going back and finding my receipts in my inbox or dig through my wallet. Now, I get my purchases approved and have accountability to load my receipt directly after the purchase. It's such a time saver!

Cons: I wish there was a physical card we could use for in-person transactions or places that require a card.

Overall: This tool is amazing and every company should be using it! I have never used a more efficient accounting approval and purchase tool. Love, love, love it!

Excellant Service

Feb 12, 2019
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: The ability to control, track and monitor spending. I prefer the use of virtual cards because it for the most part guarantees receipts from emails, unlike a physical card and having to track receipts down.

Cons: Sometimes the website is slow on loading. Also having the ability to prevent someone from making a future charge if they have not uploaded receipts from a prior purchase. This will help reinforce the need to upload receipts. If teampay can expand globally that would also be great.

Overall: Excellent service and great product for a company our size with many different types of expenses.

My favorite tool

Feb 05, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: As an AP Manager, here at The Bouqs Company, this tool has saves us plenty of time and money.

Amazing speedy way of giving employees credit cards through an approval process.

Cons: The lack of monthly statements makes it a bit difficult to reconcile the account during our month end close.

Quick and easy to setup, pretty seamless once you've tried it a few times

Feb 05, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
Likely
Extremely
Likely

Pros: - great way to control expenses of the team

- easy to setup approval groups

- very responsive customer service

- good response of my team who can now make their own purchases

- relieves stress from central buyer who can focus on more important things

Cons: - integration with SVB is a pain, mostly due to SVB themselves... the paperwork never ends

- there are some blind spots, e.g. payments that are refunded are hard/impossible to find on Teampay

Useful tool, with a few caveats

Feb 08, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality
Likelihood to Recommend: 7.0/10 Not
Likely
Extremely
Likely

Pros: Makes generating and tracking temporary credit cards very easy. Rollout to the team is incredibly easy and effective.

Cons: Successfully capturing descriptions can be difficult with the bot. Also, Teampay allows only one financial entity per Slack instance, so for example we can only use it with our US office, not our EU office, because they share the same Slack instance.

Best solution for expense management

Feb 12, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: The ease of use, and the time I got back from implementing the solution.

Cons: I think it has nothing to do with the software, but at time I forge to close unused cards.

TeamPay Review

Feb 05, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
Likely
Extremely
Likely

Pros: I like that is it integrated with slack. It makes requesting a card so easy.

Cons: There are a few weird tech issues I have experienced.

Overall: My overall experience with them has been great. The customer service is very helpful