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It’s time for an easy-to-use procurement software

We don’t have to tell you: Today’s procure-to-pay process is radically different. Outdated procure-to-pay (P2P) systems slow growth and create confusion. But finance teams need software that goes beyond the accounting team as more purchasing decisions are made across the entire organization. Which means P2P tools need to provide greater visibility and control without holding up purchases.

TLDR: Procurement has changed. Your procurement tool should too.

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Say goodbye to outdated Procurement Platform Software

Procurement processes that have to go

We get what’s slowing your team down. 

If you’re done with:

  • Manual inputs and reconciliations,
  • Tediously reviewing vendor compliance one-by-one just to find one incomplete profile,
  • Limited access to procurement and payment data across departments,
  • Waiting weeks for employees to turn in spend data…only to find errors, or worse, out of policy expenses,
  • Almost unusable and unnecessarily complicated software that makes training and updates a headache,

Then it may be time to upgrade your procure-to-pay solution.

Transform P2P with Teampay

Empower employees

Empower Employees

All employees need the ability to make purchases – not just the procurement department. Traditional Procure-to-Pay (P2P) systems charge by the seat, limiting access. Teampay provides access to company spend for all employees, without sacrificing visibility or control.

Get real-time visibility

Allow anyone to know exactly how much they’ve spent at any given moment – no more waiting for the books to close to know what’s been spent. Another plus: Generate in-depth reports to share with management in just a few clicks.

Get real-time visibility
Save time with automation

Save time with automation

Teampay’s rules engine and reporting features help automate purchasing requests, approvals, reconciliation, and reporting, saving your finance team time and headaches.

Set proactive spend controls

Teampay’s procurement management software ensures your policies are enforced on all of your spend, not just the spend that goes through the P2P process.

Set proactive spend controls
rapid time-to-value

Rapid time-to-value

As the old saying goes: Time is money. With Teampay, you can get up and running in days, not months or years. As a result, you can see savings and ROI quickly, rather than begging management to wait and see.

Not Just Another Procurement-Only Management Software

Teampay’s Distributed Spend Management Platform provides controlled access to company spend for anyone, anywhere, at any time. The system is lightweight, democratic, and extremely flexible, which lies in stark contrast to the big, bureaucratic, and inflexible procure-to-pay solutions software of old.

Here’s a look at the differences in a side-by-side comparison:

Capabilities
Procure-to-pay
Distributed Spend
Management
Accessibility
Few seats
Company-wide
Reconciliation
Manual
Automated
Spend under management
63%
100%
Implementation +
maintenance
IT-required
IT-free
Time-to-value
8-24 months
14 days
Visibility
Limited to a
select few
Democratized +
real-time
Usability
Training required
Conversational
interface
Time to approval
18-22 hours
Minutes
(68% under 1 hour)
Capabilities

Spend Management

Provide finance teams with real-time control and visibility over company spending by enforcing policies upfront, automating approval workflows, and offering integrated physical and virtual cards to eliminate manual expense processes.

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Purchase Order Approval

Ensure every purchase is pre‑approved through upfront, policy‑enforced workflows—integrated directly into employee tools—so requests are routed automatically and funds can only be spent after proper authorization.

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AP Automation

Accelerate the entire invoice cycle by using smart OCR to automatically process and match invoices to purchase orders, route them for approval, and sync payments and data seamlessly with your general ledger for full visibility.

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Spend Approval

Automatically embed policy-enforced approval workflows into every purchase, ensuring that transactions are routed to the right approvers and fully authorized before any funds are spent.

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Corporate & Virtual Cards

Virtual and physical Visa/Mastercard-powered cards with pre-set spending rules, real-time visibility, mobile receipt uploads, and seamless accounting integration—empowering employees with secure, policy-enforced purchases while giving finance teams full control and compliance visibility.

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Accounting Automation

Automatically capture, reconcile, and sync all company spending—with support for OCR-driven invoice processing, smart receipt reminders, and seamless general ledger integration—to eliminate manual data entry and streamline month-end close.

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Reporting Spend Analytics

Real-time visibility into company-wide spending through customizable dashboards, detailed transaction-level insights, trend tracking, vendor performance metrics, and comprehensive budget analysis to help finance teams optimize budgets and identify cost-saving opportunities.

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International Payments

Enable employees to request and pay for goods or reimbursements in foreign currencies using predefined approval workflows, with international vendor and employee pay-outs just a few clicks away, while all foreign transactions are automatically reconciled and synced to your ERP with custom accounting fields for full transparency and control.

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ERP Systems Integrations

Improve efficiency and reduce errors by easily integrating your ERP to your finance and procurement solutions. 

FAQ

What is procurement software?

Procurement software helps businesses manage the purchasing of goods and services. It automates and centralizes core procurement activities such as vendor management, purchase requests, approvals, order processing, and expense tracking.

Why is procurement software important for modern businesses?

In today’s fast-paced and decentralized work environment, manual software for procurement processes often result in delays, lack of oversight, and non-compliance. Procurement software empowers finance teams by providing real-time visibility into company spend, enforcing policy compliance at the point of purchase, and enabling collaboration across departments. This leads to more informed financial decisions, streamlined operations, and better control over company budgets.

What are the benefits of automating the procurement process?

Automating the procurement process with Teampay ensures that your organization has real-time data on spend, reduced manual tasks, policy compliance, minimal human error, and control over out-of-policy spend.

What is procure-to-pay (P2P), and how does it work?

Procure-to-pay (P2P) is the start to end process of managing purchasing, from requisition to payment. It is the intersection of traditional procurement and accounts payable (AP) processes to boost transparency and efficiency. The P2P process starts with identifying the goods or services needed, then leads to due diligence, reconciliation, and finally payment.

How does Teampay help streamline procurement?

Teampay brings digital procurement into the flow of work by embedding controls and automation directly into the tools employees already use, like Slack and Microsoft Teams. It allows employees to initiate purchase requests easily, while finance teams retain oversight through pre-approved workflows, budget tracking, and real-time spend visibility.

Teampay eliminates the need for employees to know complex procurement payment processes. Instead, employees simply submit a request and the platform handles routing, approval, purchase order creation, and reconciliation. Our intuitive, user-friendly approach accelerates purchasing while maintaining compliance and audit readiness.

Which Teampay features help with time and cost savings?

Teampay includes several powerful features designed to reduce manual workload, cut operational costs, and improve purchasing efficiency. Some of these features include guided buying, pre-approval automation, virtual and physical cards, ERP integrations, spend and reporting analytics, and audit-ready records. Together, these features help organizations save time, prevent unnecessary spend, and maintain financial discipline across the procurement lifecycle.

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