Spend Management Software Solution

Paystand, powered by Teampay, gives finance teams complete control with proactive spend management, built-in policy enforcement, and real-time visibility—all in one spend management platform.

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Capture and Control Spend at the Source

Teampay’s intuitive purchasing experience makes it easy for employees to request funds and make compliant purchases or when submitting expenses, without needing extra training. Policy enforcement happens automatically, freeing finance teams from follow-ups and manual receipt collection.

Real-Time Data for Smarter Decisions

When all spend happens in one system, your data is always accurate and up to date. With real-time visibility, finance leaders can make informed business decisions without waiting for manual reports or end-of-month reconciliations.

Policy That Evolves With Your Business

Teampay’s flexible policy engine lets you adjust workflows, spend limits, and rules in minutes. Whether you’re reacting to market changes or scaling across multiple teams, your controls adapt instantly.

Efficient Spend Without Compromise

Proactive Controls: Set spend limits by department, role, or vendor—enforced automatically with predefined approval workflows, even when issuing cards or processing POs.
Upfront Coding and Reconciliation: Transactions are coded and reconciled as they happen, with data syncing instantly to your accounting system.
Built-in Audit Trails: Every approval, message, and receipt is recorded and searchable, giving you full transaction context and complete approval process transparency.
Aligned Incentives: Our pricing isn’t tied to your spend volume, so our goal is to help you reduce and control spend, not increase it.

Frequently Asked Questions

1. What is spend management software?

It’s a spend management tool that helps businesses track, control, and optimize all company spending in real time.

2. What is the difference between spend management and expense management?

Spend management covers all company expenditures, including procurement, subscriptions, and travel, while expense management often focuses only on employee expense reimbursements.

3. What types of expenses can Paystand’s spend management software track?

It can track business purchases, vendor payments, recurring subscriptions, employee expenses, and purchase orders covering all business expenses.

4. How can I improve my company’s spend management process with Paystand?

By centralizing all spending in one system, enforcing policy at the point of purchase, and accessing real-time data to make proactive adjustments. Paystand is among the top spend management software solutions for proactive policy enforcement.

5. Does Paystand integrate with existing accounting software?

Yes, Paystand integrates with leading ERPs and accounting tools like NetSuite, Microsoft Dynamics 365, and Sage Intacct.

Spend Management Software That Puts You in Control

Why Businesses Choose Paystand — one of the best spend management software solutions?

Company-Wide Spend Control

Real-Time Data

Automatic Policy Enforcement

ERP and Accounting Integration

Full Audit Trails

Scalable to Your Needs

Capture and Control Spend at the Source

Real-Time Data for Smarter Decisions

Testimonials

Policy That Evolves With Your Business

Efficient Spend Without Compromise

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