Case Study
ConsenSys: Shortening the Monthly Amex Statement
ConsenSys implemented Teampay's flexible purchasing solution to support its decentralized workforce and simplify its cumbersome spend management processes.
By implementing Teampay, ConsenSys' finance team replaced shared corporate cards with virtual cards and automated workflows integrated into Slack and QuickBooks Online. The result was a nearly touch-free month-end close, real-time spend visibility, and greater accountability across 97 cost centers.
Key Highlights:
- Reduced a 90–100-page monthly AmEx reconciliation to almost zero manual effort.
- Enabled real-time visibility and spend tracking by department and team.
- Seamless integration with Slack and QuickBooks streamlined approvals and automation.
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