The old procurement and Procure-to-Pay (P2P) systems don’t work for today’s businesses. Today, more and more purchasing decisions are made across the entire organization. Procurement and finance teams need a new way to maintain visibility and control without holding up purchases. Procurement has changed. Your procurement system should too.
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.
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.
Teampay’s rules engine and reporting features help automate purchasing requests, approvals, reconciliation, and reporting, saving your finance team time and headaches.
Teampay’s rules engine ensures your policies are enforced on all of your spend, not just the spend that goes through the procure-to-pay process.
With Teampay, you can get up and running in days, not months or years.
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 systems of old.
Here’s a look at the differences in a side-by-side comparison:
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