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Stampli

Stampli

Overview

What is Stampli?

Stampli is a finance operations platform centered on accounts payable. Built by AP experts for AP first, Stampli drives AP and finance team efficiency across the entire invoice lifecycle, from vendor onboarding to remittance to spend management and beyond.

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Learn from top reviewers

Stampli for the WIN!!

Rating: 10 out of 10
April 15, 2024
Vetted ReviewVerified User
The ease of routing is unmatched. The ease of approvals for individuals within the organization is unmatched. It is a tool that has moved our company forward in both technolog...
Continue reading
Kimberly Presley
Administrator - Finance and Accounting
Assistant Controller
Place Services Inc
Stampli3 years of experience

I <3 Stampli

Rating: 10 out of 10
March 31, 2024
Vetted ReviewVerified User
My company uses Stampli as our primary invoice processing and payment system. Stampli centralizes and formalizes the invoice process from start to finish of processing, review...
Continue reading
Richard Lynn
Professional - Finance and Accounting
Controller
Spot & Tango
Stampli1 year of experience

Love Stampli!

Rating: 10 out of 10
March 28, 2024
IncentivizedVetted ReviewVerified User
We use Stampli as our accounts payable platform. It allows us to upload all of our invoices to be paid and stores them in the system, so we can go back at anytime to look at a...
Continue reading
Chelsea Spencer
Employee - Finance and Accounting
Accounting Clerk
Pillar Automotive
Stampli1 year of experience

Stampli AP Automation is worth every penny!

Rating: 10 out of 10
March 21, 2024
IncentivizedVetted ReviewVerified User
We use Stampli as a means to augment our AP data entry as we went from 1.5 employees down to .5 employees dedicated to AP. We have a high volume of invoices for the staff time...
Continue reading
Matt Leach
Analyst - Finance and Accounting
Accountant
All Energy Solar
Stampli1 year of experience

Stampli Review

Rating: 10 out of 10
March 21, 2024
IncentivizedVetted ReviewVerified User
I am a Nursing Home Administrator with a company that has multiple locations across multiple states. We use Stampli for all of our AP processes. I have not personally had any ...
Continue reading
Laura Weseman
Administrator - Other
Nursing Home Admininstrator
Arabella Health and Wellness of Carrabelle
Stampli1 year of experience
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Pricing

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Stampli

Stampli

N/A
Unavailable

What is Stampli?

Stampli is a finance operations platform centered on accounts payable. Built by AP experts for AP first, Stampli drives AP and finance team efficiency across the entire invoice lifecycle, from vendor onboarding to remittance to spend management and beyond.

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.stampli.com/pricing?utm_sou…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Tipalti

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Features

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

8.8
Avg 6.9

Accounts Payable

Features found in accounts payable software products

9
Avg 6.2
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Product Details

What is Stampli?

Stampli is a finance automation platform centered on accounts payable. While other platforms are built by payments providers to capture a business’s cash flow, Stampli is built by AP experts for AP first. As a result, Stampli drives AP and finance team efficiency across the entire invoice lifecycle, from vendor onboarding to remittance to spend management and beyond.


Stampli creates breakthrough productivity by centralizing all invoice-related communication, documentation and workflows into a single view for each invoice, and by automating all manual activities using Billy the Bot™, the solution's AI. Billy’s self-learning architecture has made it more capable every day since its debut in 2015; today, Stampli states Billy the Bot has saved millions of hours of labor for customers as it processes $80B+ invoices every year.


Stampli fully adapts to a customer’s desired finance processes and ERP configuration, thanks to the complete integrations it has prebuilt for ERPs from Microsoft, Oracle, Sage, SAP, QuickBooks, Acumatica, Dealertrack, and many others. This adaptability enables Stampli to implement within weeks, not months, and is easier to learn for any stakeholder involved in the invoice lifecycle.

Stampli Features

Accounts Payable Features

  • Supported: Automated Accounts Payable Processes
  • Supported: Vendor Management

Payment Management Features

  • Supported: Customizable Approval Policies
  • Supported: Financial Document Management
  • Supported: Payment Status Tracking
  • Supported: Payment Audit Trail
  • Supported: Duplicate Bill Detection
  • Supported: Advanced OCR
  • Supported: Electronic Funds Transfer
  • Supported: PCI Compliant Security Measures

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

Stampli Integrations

Stampli Competitors

Stampli Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
Supported CountriesUnited States, Israel
Supported LanguagesEnglish

Stampli Downloadables

Frequently Asked Questions

Stampli is a finance operations platform centered on accounts payable. Built by AP experts for AP first, Stampli drives AP and finance team efficiency across the entire invoice lifecycle, from vendor onboarding to remittance to spend management and beyond.

BILL, Tipalti, and MineralTree are common alternatives for Stampli.

Reviewers rate Payment Status Tracking and Automated Accounts Payable Processes highest, with a score of 9.1.

The most common users of Stampli are from Mid-sized Companies (51-1,000 employees).
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Comparisons

View all alternatives
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Reviews From Top Reviewers

View all reviews
(1-5 of 20)

I <3 Stampli

Rating: 10 out of 10
March 31, 2024
RL
Richard Lynn
Controller
Spot & Tango (Food Production, 51-200 employees)
Vetted Review
Verified User
Stampli
1 year of experience
Use Cases and Deployment Scope
My company uses Stampli as our primary invoice processing and payment system. Stampli centralizes and formalizes the invoice process from start to finish of processing, reviewing, approving, and payment functions in a simple way across our various departments.
Pros
  • Intra company-system communication
  • Formal audit trail of processors, approvers, reviewers, etc.
  • Clear and concise PO linking to invoices and items received for a proper threeway match
Cons
  • Payment rejections for system payment references would sometimes not link properly due to a duplciate payment reference used that results in a cancelled payment.
  • Initial difficulty in learning the bells and whistles of the system by needing to toggle between multiple tabs and not having a central summary view.
  • Delayed payment processing timeline
Likelihood to Recommend
The Stampli tech is very good in processing our transactions and linking to our accounting system. And even for any pain points encountered, we have worked with their tech and customer rep teams (specifically [...]) to promptly resolve the matter in a seamless and pain free way (unlike our previous invoice processing provider).

Stampli AP Automation is worth every penny!

Rating: 10 out of 10
Incentivized
March 21, 2024
ML
Matt Leach
Accountant
All Energy Solar (Construction, 201-500 employees)
Vetted Review
Verified User
Stampli
1 year of experience
Use Cases and Deployment Scope
We use Stampli as a means to augment our AP data entry as we went from 1.5 employees down to .5 employees dedicated to AP. We have a high volume of invoices for the staff time allocated to AP, and Stampli has made it very manageable.

We use Stampli to have a more robust and meaningful invoice approval process than we had prior.

We also use Stampli Direct Pay, which has saved us hours of time each week that had been spent printing, signing, stuffing, and stamping vendor payments.
Pros
  • Customer service
  • Implementation
  • Core functions (OCR, AI learning of how particular invoices are processed)
  • W9 submission
  • ACH payments
Cons
  • Only 1 template for vendor onboarding--we have multiple vendor "types" that would benefit from having tailored invites to the vendor portal
  • The software doesn't locate invoice details (such as invoice total) after the 1st page
  • Invoice discrepancy reporting could be easier and more robust
Likelihood to Recommend
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).

Stampli for the WIN!!

Rating: 10 out of 10
April 15, 2024
KP
Kimberly Presley
Assistant Controller
Place Services Inc (Construction, 501-1000 employees)
Vetted Review
Verified User
Stampli
3 years of experience
Use Cases and Deployment Scope
The ease of routing is unmatched. The ease of approvals for individuals within the organization is unmatched. It is a tool that has moved our company forward in both technology and increased productivity. The implementation was a very easy process and customer support walked us through each step necessary to "go live". We process thousands of invoices monthly without hiccups, and it has cut down on employees having to request information from the finance dept. as they are able to pull up any invoices that have been placed in their queue to see the status or get a copy if needed. There are multiple reports that can be run through Stampli, from spend per vendor to productivity of accounts payable administrators. You can break down the time it is taking employees to approve their invoice and find any bottlenecks in the process. Stampli is a wonderful tool and we are very happy that we chose to implement it in our department! With Stampli, we have decreased our days to process by over 3 days!!
Pros
  • routing, with AI it makes it very simple to route invoices
  • reminders to approvers when things need to be approved
  • integration with QB Desktop. Works beautifully!
Cons
  • I am honestly so pleased with Stampli, as are others within our org. I cannot really think of anything that is a downside.
Likelihood to Recommend
Stampli has been nothing but well suited to our business. It has taken an old clunky system that was in use and turned it into a fast, efficient system that has taken our DTP down by over 3 days. The implementation time is literally a day and the AI feature really learns the invoices and helps to route them based on prior invoices which is very helpful. We cannot say enough how pleased we are with Stampli,

Love Stampli!

Rating: 10 out of 10
Incentivized
March 28, 2024
CS
Chelsea Spencer
Accounting Clerk
Pillar Automotive (Automotive, 51-200 employees)
Vetted Review
Verified User
Stampli
1 year of experience
Use Cases and Deployment Scope
We use Stampli as our accounts payable platform. It allows us to upload all of our invoices to be paid and stores them in the system, so we can go back at anytime to look at anything we need to look at. It also allows us to set up an approval workflow so that all invoices that need paid can be approved by the appropriate party. It saves everyone time because we do not have to manually create work orders in our DMS system, and it sends our our payments via check so we do not have to print the checks at our location and stuff them into envelopes.
Pros
  • Filters to be able to search for exactly what you are needing
  • Smart bot that prefills information from your invoices
  • Gives you an estimated date range of when your vendor will receive their payment
Cons
  • Automatic change of vendor payment address in Stampli when you change it in the DMS
  • Delay in the time it takes for credits to show up in the Payment Processing page
  • Automatic removal of credits in the Paying Outside of Stampli tab
Likelihood to Recommend
Stampli is best for a compony that has a large amount of payables. It stores everything in one place and reduces the need to keep paper copies of everything. It is less appropriate in a situation where payment is due at the time of services since it is sent via USPS mail and you have to take into account the mail processing times.

Stampli Review

Rating: 10 out of 10
Incentivized
March 21, 2024
LW
Laura Weseman
Nursing Home Admininstrator
Arabella Health and Wellness of Carrabelle (Hospital & Health Care, 1001-5000 employees)
Vetted Review
Verified User
Stampli
1 year of experience
Use Cases and Deployment Scope
I am a Nursing Home Administrator with a company that has multiple locations across multiple states. We use Stampli for all of our AP processes. I have not personally had any business problems with the system. Mostly operator error as we have a system of cost codes that invoices are coded to for bookkeeping purposes. We, myself and my business office manager access Stampli multiple times per day whether it is to search for a paid invoice for proof of payment, or search for a specific vendor to follow up on terms. We utilize the approval process for invoices monthly for Profit and Loss statements. It is very efficient and I am impressed with the ability of the software to upload any information it sees on the invoice such as, invoice date, vendor name, amounts, etc. That is very helpful.
Pros
  • Keeps track of all vendors and invoices per location. (we have 11)
  • Has ability to organize paid invoices, rejected invoices, authorized invoices, etc.
  • Advanced search criteria is impressive for looking for those "needles in haystacks".
Cons
  • 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.
Likelihood to Recommend
It is well suited for my business in that we have 11 locations with all accounts payable going through the Stampli software. It is easy to find location, vendors, payment history, rejected invoices, etc. when needed.
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