Because all purchases are pre-approved, you get more visibility into your invoiced spend, faster.
Teampay uses optical character recognition (OCR) technology to automatically scan invoice data, so all you have to do is review and approve.
Create and pay bills via ACH, virtual card, check or wire—and update purchase order status in either Teampay or your ERP. Your changes sync automatically across systems.
Accounts payable automations help you move faster while keeping your reporting accurate.
Effortlessly match invoices to existing purchase orders in an instant with the software's smart matching technology—or quickly create a new purchase order in Teampay.
Get more context on purchases whenever you need it with accessible activity history and purchase order notes.
Allow managers and employees to view the status of their purchase orders and invoices—including bill payments and partial closes, payment status and more, reducing the back and forth between teams.
Make payments directly through Teampay via ACH, virtual card, check or wire. Your payment records sync instantly to your accounting and Teampay system so you can track invoice and payment statuses anywhere.
Rebecca Chapman, Accounting Manager at Parsley Health
Automatic PO matching, more efficient bill pay—see what a faster, more intelligent workflow looks like with a step-by-step view of the Invoice Processing Workflow.
Ensure every purchase is approved before a single dollar is spent. Proactive approvals are built right into the purchasing process.
Instantly issue unique, secure virtual cards for employees and enjoy the flexibility of physical cards. Set controls upfront to manage spend proactively.
All transactions immediately reflect in your data dashboard, making it easy to track activity and view reports in an instant.
Optimize spend like never before with software that enforces your policy upfront and enables you to manage everything in one place.
Smart, conversational and helpful—the chatbot guides employees through a quick, easy, in-policy purchasing process.