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What systems are Teampay users replacing when implementing the platform?

Andrew Hoag

Founder & CEO at Teampay

For a lot of our customers, and this is starting to change, but I would say for the majority of our customers, we're probably the first procurement type system they bought — and we're also the last. Usually a company comes to us when they’re around 200 employees and they're starting to put some process in place. Maybe they've got a couple of vendor deals, or they want all of their IT spend to go through CDW, for example. That's a great spot for us to engage. Then, along the way, they're like, ‘Oh, by the way, I've got 30% of my workforce turning in expenses a couple times a year. Can you handle that?’ Sure. ‘I've got a bunch of bills now and accounts payable. Can you handle that?’ Sure. ‘I've got some execs that are traveling and I need premium cards, you have our Catalyst card.’ So we have products that fit. We've typically seen that account expansion pretty quickly, where we'll start to knock out systems like Expensify, Concur and Bill.com, and also potentially even their card program.

Find this answer in Andrew Hoag, CEO of Teampay on building expense management for the enterprise
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