Overhead costs usually have fixed approvals, but job cost expenses can vary depending on factors like the job location, production manager, or general ledger code. Teampay allows you to set approval rules based on departments, locations, accounts, projects, and more. This way, your team can make necessary purchases, while you stay confident that expenses are approved and properly tracked according to your policies.
Month-end close across sites becomes continuous close with Teampay’s ERP integrations. You can set up separate Teampay instances for each franchise, giving you unified visibility across all site spend, and ensuring invoices, invoice payments, and job cost expenses reconcile to the right accounts with the right coding.
View spend by job code, project code, team, location, managers and more across any given time frame. Accounting teams and managers can easily access insights on spending patterns and trends without using a spreadsheet. Teampay also allows for exporting reports for those who prefer to view them in a spreadsheet.
Legacy expense systems for businesses are outdated and still require manual work from employees and admins.
Our budgeting feature shows managers and employees current spend against budget and helps to forecast future committed spend.
Provision virtual or physical cards for job costed expenses, automate supplier invoice entry with OCR, ensure suppliers and contractors get paid as quickly as you need them to.
Expense data syncs in real time between your ERP and Teampay, providing the most up to the minute financial data for your franchise.
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