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Certify vs Teampay
June 12, 2023 | Author: Michael Stromann
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Certify is the leading cloud-based travel and expense report management solution for companies of all sizes. Certify makes expense reports easy by automating the creation of the expense report for the employee, providing online review and approval process for managers, and streamlining the processing and reimbursement process for accountants.
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Teampay gives your organization an intuitive workflow and reporting for purchases. This adds security, accountability, and easy approval while giving employees autonomy over their purchasing process.
Certify and Teampay are both expense management platforms, but they differ in their approach and key features. Certify is a comprehensive expense management solution that offers features such as receipt capture, expense tracking, reimbursement management, and integration with accounting systems. It provides tools for managing expenses, creating expense reports, and automating the reimbursement process. Certify aims to simplify and streamline expense management for businesses of all sizes. On the other hand, Teampay is an expense management platform that emphasizes budget control and spend management. It offers real-time budget tracking, automated approvals, and virtual cards for employees to make purchases. Teampay enables organizations to set spending limits, track expenses against budgets, and gain greater control over their spending. While Certify provides a comprehensive solution for expense management, Teampay offers a more specialized platform with a strong focus on budget control and spend management.
See also: Top 10 Expense Management software
See also: Top 10 Expense Management software
Certify vs Teampay in our news:
2020. Expense management vendors unite to form Emburse
A consortium of six leading travel and expense management software vendors, namely Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie, has consolidated into a single entity known as Emburse, with the intention of challenging SAP Concur's dominance. With a global workforce of 750 employees, Emburse aims to serve a user base exceeding 4.5 million business travelers across 14,000 customers spanning 120 countries. This consolidation process has been unfolding over the past few years, with Certify and Chrome River joining forces in the previous year. Prior to that, in 2017, Certify, Nexonia, ExpenseWatch, and Tallie merged under the Certify name, backed by a $125 million investment from K1 Investment Management, with the objective of competing against SAP Concur. In July of the same year, the combined Certify and Chrome River entities acquired Emburse, a startup specializing in virtual and physical cards for business expenses and vendor payments. On the other side of the spectrum, German business software giant SAP acquired Concur for a staggering $8.3 billion in 2015.
