AvidXchange vs. Stampli

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AvidXchange
Score 8.8 out of 10
N/A
AvidXchange is an automated bill payment system.
$5,000
per license
Stampli
Score 8.1 out of 10
N/A
Stampli is for Accounts Payable teams that want the efficiency of automation, but don’t want to rework their ERP or change their existing AP processes. Stampli provides support for the full range of native functionality for 70+ ERPs.N/A
Pricing
AvidXchangeStampli
Editions & Modules
AvidXchange
5,000
per license
No answers on this topic
Offerings
Pricing Offerings
AvidXchangeStampli
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
AvidXchangeStampli
Payment Management
Comparison of Payment Management features of Product A and Product B
AvidXchange
-
Ratings
Stampli
8.8
11 Ratings
38% above category average
Customizable Approval Policies00 Ratings9.17 Ratings
Financial Document Management00 Ratings8.68 Ratings
Payment Status Tracking00 Ratings9.110 Ratings
Payment Audit Trail00 Ratings8.710 Ratings
Duplicate Bill Detection00 Ratings8.910 Ratings
Advanced OCR00 Ratings9.07 Ratings
Electronic Funds Transfer00 Ratings8.05 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
AvidXchange
-
Ratings
Stampli
9.0
10 Ratings
49% above category average
Automated Accounts Payable Processes00 Ratings9.19 Ratings
Vendor Management00 Ratings8.98 Ratings
Best Alternatives
AvidXchangeStampli
Small Businesses
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Medium-sized Companies
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Enterprises
Webexpenses
Webexpenses
Score 8.4 out of 10
Webexpenses
Webexpenses
Score 8.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AvidXchangeStampli
Likelihood to Recommend
9.0
(18 ratings)
9.0
(15 ratings)
Likelihood to Renew
8.2
(5 ratings)
9.1
(2 ratings)
Usability
8.2
(1 ratings)
9.1
(2 ratings)
Availability
9.0
(1 ratings)
9.1
(1 ratings)
Performance
8.0
(1 ratings)
9.1
(1 ratings)
Support Rating
8.2
(2 ratings)
9.1
(3 ratings)
Implementation Rating
7.3
(1 ratings)
9.1
(2 ratings)
Configurability
-
(0 ratings)
9.1
(1 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
9.1
(1 ratings)
Ease of integration
-
(0 ratings)
9.1
(1 ratings)
Product Scalability
-
(0 ratings)
9.1
(1 ratings)
Vendor post-sale
-
(0 ratings)
9.1
(1 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
AvidXchangeStampli
Likelihood to Recommend
AvidXchange
AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
Read full review
Stampli
Stampli costs about the same as 1/2 an AP salary, but it can easily replace 1 or more headcount. AP has been a difficult position to fill over the last several years, and the quality/accuracy of the work seems to have declined at the same time. Stampli can reduce the time spent on data entry down to seconds per invoice, and it gets the basic info entered accurately before AP staff even looks at it. It can handle PO match invoices better than our ERP system (which it integrates with).
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Pros
AvidXchange
  • Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
  • Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
  • Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
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Stampli
  • Learns and automates how invoices are booked (i.e. what accounts to use, class codes, dept codes, reading invoice details, etc.)
  • Records all actions, comments, approvals for auditing documentation
  • Recognizes and flags any duplicate invoices
  • Validated syncing with our accounting system (NetSuite)
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Cons
AvidXchange
  • AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
  • The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
  • The log enhancement follow-up procedure could use some work.
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Stampli
  • It would be awesome if I was able to search for a vendor and check number for proof of payment
  • When asking questions regarding invoices it is a little confusing on how to make the requested changes.
  • Webinar on use of Stampli would be appreciated.
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Likelihood to Renew
AvidXchange
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
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Stampli
I cannot imagine going back to pre-Stampli processes. Our jobs in the Accounting department (not just AP) have all become more engaging because we've cut out so much mindless, non-value added work: data entry, signing checks, stuffing envelopes, stamping envelopes, etc.
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Usability
AvidXchange
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
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Stampli
It's a modern product with easily recognizable functionality. The user interface was the main factor in our decision of Stampli over it's competitors
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Reliability and Availability
AvidXchange
No answers on this topic
Stampli
Never an issue with downtime
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Performance
AvidXchange
No answers on this topic
Stampli
Very fast and no issues with the Sage Intacct integration
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Support Rating
AvidXchange
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
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Stampli
We have a dedicated rep (who was also our implementation rep--they stay with you after implementation) who we can email whenever needed and meet with every quarter. There is a chat option within the software that gets responded to by a real person within minutes.
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Online Training
AvidXchange
No answers on this topic
Stampli
Excellent documentation, step-by-step instructions
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Implementation Rating
AvidXchange
No answers on this topic
Stampli
We lost an AP employee right as we were deciding to implement, so we had to speed up our timeline. We went from signing the contract to fully functional system within 4 weeks. We did not dedicate any more than 4 hours per week during the implementation.
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Alternatives Considered
AvidXchange
We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe Concur Invoice is more expensive.
Read full review
Stampli
Stampli's ease of use far exceeds that of Bill.com or Divvy. Almost every click is recorded in the audit trail and navigating within the portal is intuitive. Each tab is set up in order to follow the process flow, making even the newest of users comfortable.
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Contract Terms and Pricing Model
AvidXchange
No answers on this topic
Stampli
I would not change anything
Read full review
Scalability
AvidXchange
No answers on this topic
Stampli
Ease of deployment both domestic and international
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Return on Investment
AvidXchange
  • AvidXchange allows our office to be more productive on invoice approvals.
  • Overall, AvidXchange is saving us money. We do not have to courier invoices back and forth once signatures have been provided.
  • You can approve invoices from anywhere as long as you have internet access.
Read full review
Stampli
  • decreases manual process - balances out the benefit to cost ratio in automation vs employee time
  • ACH payments allow for elimination of lost checks research and reprocessing
  • Vendor portal connection putt he tools in their hands to research any status they may need instead of internal employee time to research and provide
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ScreenShots

Stampli Screenshots

Screenshot of Multi-Entity SupportScreenshot of 2- and 3-way PO MatchingScreenshot of ApprovalsScreenshot of AI-powered coding and workflowsScreenshot of Invoice Centric Communication