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What effect have the Slack and Teams integrations had on Teampay's product strategy?
Andrew Hoag
Founder & CEO at Teampay
We really view the opportunity in the space to become the front office to the finance team. There's players like Bill.com and Expensify — all of these are really back office tools. What we realized is that in a modern business, the finance team is actually serving all the employees. That could be making a purchase, but it could also be getting information on spend: How much have I spent this month? Where am I out of my budget? All of those kinds of questions are basically data that needs to be communicated back out to the employees. So our decision to launch on these collaboration platforms was thinking about the finance team having a great front office, providing that really nice front office experience. I describe it as the difference between walking into an Apple store where you can pay on your phone and walk out and have this amazing front office experience, versus going to the DMV.