Finnish company Basware offers Purchase to Pay (P2P), their flagship e-procurement application which also features accounts payable (AP) Automation, Contract Lifecycle Management, travel and expense management, and supporting analytics.
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Stampli
Score 8.3 out of 10
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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.
I would definitely recommend using Basware Purchase to Pay in your organization, it handles high amounts of invoices efficiently and you can perform your work with ease. I am acting as a Basware superuser in my team so I know this software thoroughly and it rarely gives any issues, even errors are described in a clear way so the user knows what needs to be resolved/what is missing.
Stampli is a great AP automation tool. In processing hundreds of invoices a month, the AI (artificial intelligence) is very helpful in automatically pulling data from the invoice into the system's fields. It directly integrates with our accounting system (currently QuickBooks Online but will also integrate with our new system Sage Intacct). It gives a link in our accounting system that allows us to quickly go to the invoice in Stampli. It allows us to make sure we have approval from various departments before paying our bills and helps us manage communication when there are issues with bills. If you don't have too many bills to track or have to manage approval from different departments in an organization, this solution would not be needed.
Stampli does invoice coding and tracking very well. Coding and invoice images are side by side, giving the user plenty of screen space to see image details.
The middle audit trail pane is fantastic for following up on any issues with vendors or communication between approvers and data entry.
Stampli dashboards are great for recording KPI information. It helps keep our employees accountable for data entry as well as helps make sure that payments are being made on time.
We will continue using product and continue renewing as it is widely used product and it has been well adapted by users in our organization. The product is expensive but we will use it. Hopefully the product bugs will be fixed in future and they will provide more HA architecture feather for Basware.
Basware was not my selection as I was not with the company at the time. It was easy to learn and we have maintained a good working relationship with Basware. It is a very good way to process the workflow of invoices from start to finish
All [of] the features are very easy to use and self-explanatory. Most of the time it remembers all your previous invoices how you coded and do itself. You just need to double-check. Definitely improved the AP process. You won't forget to pay the invoices. It will solve your all AP problems. [It's] easy to transfer all the invoices to your accounting software in one click. You won't [be disappointed in] this Software.
Decreased time spent by AP clerk on emails to various departments tracking approvals, issues with invoices, etc. Now it's all in one centralized place and the system automatically sends emails to notify of the need for approval, issues or questions about invoices, etc.
AI has allowed us to scale with just one AP clerk rather than a team to process AP
