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Teampay Introduces Teampay for Entrepreneurs to Rework Advertising Departments’ Buying Course of

NEW YORK–(BUSINESS WIRE)–Teampay, the all-in-one buying platform, immediately introduced a brand new program for entrepreneurs searching for higher visibility and management of promoting spend throughout this time of financial uncertainty. Teampay for Entrepreneurs is a first-of-its-kind customized providing designed particularly to assist entrepreneurs spend on the pace of enterprise–with proactive controls, upfront approvals, Slack and Groups integrations and real-time spend visibility.

Acknowledging that advertising and marketing groups typically have the most important and most advanced buying wants, Teampay now provides a novel strategy to fulfill the CMO’s have to allow particular person crew members whereas managing all advertising and marketing spend with real-time centralized visibility. Teampay for Entrepreneurs offers the whole advertising and marketing division managed, fast entry to firm funds, eliminating the headache of sharing a company card or ready weeks for a purchase order order. Plus, this answer provides on-demand visibility into the standing of invoices, immediately bettering vendor relationships with out bogging down the finance division with back-and-forth comply with ups.

“As CMO, making ROI optimistic investments is crucial,” stated Andrea Kayal, CMO at Electrical. “With Teampay, I could make higher, faster choices as a result of I’ve real-time visibility into spend requests. Teampay not solely reduces the hours it takes reconciling advertising and marketing expense experiences and chasing down vendor funds with Finance, however Teampay additionally allows my crew to make purchases, with out borrowing a card or utilizing their very own private funds.”

Historically, Entrepreneurs have been left at nighttime in the case of monitoring spend in opposition to budgets and rapidly figuring out the place to optimize throughout campaigns. With Teampay for Entrepreneurs, clients get:

  • Management and spend visibility in a single central place throughout promoting, occasions, MarTech, and extra

  • Streamlined bill processing workflows that present higher visibility into monitoring of buy orders, invoices and invoice funds

  • Seamless recurring funds for the whole advertising and marketing group

  • Automations and integrations that allow advertising and marketing groups to purchase what they want exactly after they want it; no extra crimson tape or missed deadlines

  • Actual-time reporting, with perception into class, vendor, purchaser and past, so entrepreneurs know precisely the place their budgets stand with out having to attend for Finance to drag actuals

  • Plus, coming quickly: Sensible notifications that assist groups prioritize and observe spend whereas slicing down on guide duties—and extra!

“As corporations scale, advertising and marketing is likely one of the largest controllable expenditures, but additionally some of the crucial drivers of development, significantly in these unsure instances,” stated Andrew Hoag, Founder and CEO of Teampay. it’s extra crucial than ever to provide advertising and marketing groups real-time visibility into their spending, to make sure each greenback is being spent successfully and allow steady changes with out ready for month-end shut. We’re excited to supply a extra trendy strategy to drive extra effectivity into buyer acquisition for our clients.”

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About Teampay

Teampay helps high-growth corporations streamline the buying course of throughout digital playing cards, bodily playing cards, invoices and reimbursements. The one buying software program designed with workers in thoughts, Teampay’s automated workflows empower workers to rapidly purchase what they want whereas staying in coverage. The platform points safe cost strategies with built-in controls and reconciles transactions into the shopper’s accounting system in actual time. This contemporary strategy to buying eliminates unauthorized and out-of-policy spending, supplies full visibility for finance and helps construct higher relationships between finance and workers. Teampay was based in 2016 and is headquartered in New York Metropolis.