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Teampay description
Teampay is a spend management software that gives businesses more control over their spending. It automates the process of buying, paying, and tracking company expenses. With Teampay, employees can easily request what they need, while managers can quickly approve purchases, all while staying within company spending rules. Teampay also provides real-time spending reports so you always know where your money is going.
Who is Teampay best for
Teampay is a spend management solution ideal for finance teams in small to medium-sized businesses. It streamlines purchasing, paying, and tracking expenses. Teampay offers virtual cards, automated approval workflows, and real-time spend monitoring. Users praise its ease of use and real-time tracking, while some find the pre-approval process excessive and reporting could be improved.
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Best fit for small to medium-sized businesses (up to 1000 employees).
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Ideal for finance teams across various industries, especially software and healthcare.
Teampay features
| Supported Teampay enforces spending policies with predefined rules and limits, preventing out-of-policy expenses. |
| Supported Teampay offers instantly issued virtual cards with flexible spending limits and vendor restrictions, ensuring spend control. |
| Supported Teampay allows defining and managing approval workflows for purchase requests. |
| Supported Teampay automates accounting processes, leading to faster book closing. |
| Supported Teampay offers real-time spend monitoring with instant transaction updates and a live reporting dashboard. |
| Supported Teampay offers real-time expense tracking, automated transaction recording, and categorization. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Teampay reviews
We've summarised 247 Teampay reviews (Teampay Capterra reviews and Teampay G2 reviews) and summarised the main points below.
- Easy and fast purchasing process through Slack integration.
- Convenient virtual cards eliminate the need for personal or shared corporate cards.
- Real-time spending tracking and reporting provides visibility into expenses.
- Automated receipt reminders and uploads simplifies expense management.
- Customizable approval workflows and spending limits enhance control.
- Pre-approval requirements can be excessive for users.
- Occasional card declines for delayed or split charges requiring new card requests.
- Limited vendor acceptance, with some cards being flagged for fraud.
- Slackbot can be finicky and difficult to use for complex requests.
- Reporting functionality needs improvement, especially filtering and exporting options.
Teampay pricing
The commentary is based on 17 reviews from Teampay Capterra reviews and Teampay G2 reviews.
Teampay's pricing is a recurring concern. Some reviewers find it expensive compared to competitors like Brex and Ramp, especially given the requirement for upfront funding. However, others appreciate its streamlined expense management capabilities, finding the cost worthwhile for increased control and reduced reimbursement hassle.
Users sentiment
Teampay alternatives
AirbaseBetter for mid-sized businesses needing AP automation and guided procurement. Has stronger ratings and is growing faster. A Teampay alternative or competitor.Read more
PayhawkBetter suited for larger companies. Broader industry applicability. More positive customer reviews. Negative pricing sentiment. Teampay alternative; Payhawk competitor.Read more
XeroBetter for core accounting functions. A strong Teampay alternative for small to medium-sized businesses needing accounting software.Read more
SutiExpenseBetter for manufacturing and energy companies. More suitable for businesses of all sizes. Higher G2 rating. Users highlight easy receipt capture, streamlined approvals, and a convenient mobile app but dislike credit card integration issues and limited reporting. Teampay alternative; SutiExpense competitor.Read more
ProkrayaBetter for budget management, sourcing suppliers, handling invoices, and tracking spending. Has significantly more momentum. A Teampay competitor focused on purchasing process automation.Read more
Teampay FAQ
What is Teampay and what does Teampay do?
Teampay is a spend management software automating purchasing, paying, and tracking company expenses. It offers virtual cards, approval workflows, and real-time reporting for better spend control. Teampay simplifies expense management and provides financial visibility for small to medium-sized businesses.
How does Teampay integrate with other tools?
Teampay integrates with various tools, including Slack for purchase requests and approvals. It also connects with accounting software to automate expense recording and reconciliation. However, some users report that the Slackbot can be unreliable for complex requests.
What the main competitors of Teampay?
Teampay's main competitors include Airbase, Pleo, Payhawk, SAP Concur, Precoro, and Happay. These alternatives offer similar spend management features like expense tracking, virtual cards, and automated approvals.
Is Teampay legit?
Yes, Teampay is a legitimate spend management software. It offers features like virtual cards, automated approvals, and real-time spending tracking. While some users mention occasional card declines and limited vendor acceptance, many praise its ease of use and fast purchasing process, especially via Slack integration.
How much does Teampay cost?
I could not find pricing details for Teampay. Contact Teampay directly to discuss pricing and determine if the product is worth it for your needs.
Is Teampay customer service good?
Teampay's customer service receives positive feedback. Users describe the support team as "outstanding," "responsive," and "eager to assist." Reviewers mention helpful chat support and appreciate that their feedback is taken seriously, sometimes leading to product improvements.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.