Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into - and control over - spend was becoming increasingly important with the economy’s ups and downs. It helps you to spend less time categorising and hunting down receipts, allowing you to close on time, every time.In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Automatic receipt reminders and upfront transaction coding guarantee that you always have the information you need. One of its most beneficial features is Automated Accounting - Set up policies that match your company's needs with flexible approval workflows that can be customized by department, quantity, vendor, and other factors. Get real-time spend data and empower employees to make purchases through MsTeams Web Interface from anywhere. It has a vast list of features such as - Manage all of your company's expenses in one location, whether they're paid with virtual cards, traditional cards, invoices, or reimbursements. You'll never have to re-categorize again since you'll be able to pull GL codes, class, and department information directly from your accounting system. With Teampay's Slack integration, smartphone access, and online interface, you can keep track of your purchases and spending from anywhere.

The distributed spend management platform from Teampay features a conversational interface that leads employees through requests while automatically enforcing the appropriate regulation.

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