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Stampli Reviews and Ratings

Rating: 8 out of 10
Score
8 out of 10

Community insights

TrustRadius Insights for Stampli are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Business Problems Solved

Stampli has proven to be a valuable software solution for streamlining and automating the invoice management process, significantly reducing the effort and resources required for manual management. Users have praised its advanced capabilities, such as automatically detecting and fixing invoice problems, which have greatly increased productivity. By consolidating all activities on one platform, Stampli has improved invoice processing efficiency and eliminated the need for manual data entry, saving users significant time and reducing errors. The software has also facilitated efficient invoice approval processes, providing transparency and enabling easy access to review invoices before payment release. Additionally, Stampli's ability to track departmental spending separately while using a single line of credit has been highly appreciated by users. Overall, Stampli has solved numerous challenges in accounts payable and procurement processes, offering a comprehensive solution for handling invoice approvals, payments, and expense tracking.

Moreover, the software's automation of AP and payment processing, credit card receipt documentation, and reconciliation has eliminated repetitive work and reduced human error. This has resulted in increased accuracy in processing invoices and improved overall financial decision-making. Users have also found value in Stampli's ability to import invoices into the system, eliminating the need for manual entry and improving accessibility. Furthermore, the software's centralized storage for electronic invoices has facilitated audit fieldwork and enhanced transaction understanding. Stampli's Direct Pay feature has been particularly useful for cutting checks to vendors efficiently. The software has also provided excellent support for audit purposes by offering a visible audit trail and approval tree. Users appreciate the ease of use of Stampli's interface, its customization options, and the customer service provided by the company.

Reviews

20 Reviews

Stampli for the WIN!!

Rating: 10 out of 10

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,

Simple to use for audit/approval process for invoices!

Rating: 10 out of 10

Use Cases and Deployment Scope

We use Stampli for invoice auditing/approval.

Pros

  • Can scan pictures of invoice to see all details provided
  • can highlight words/numbers from first page to copy/paste
  • Can tag co workers if you have a question

Cons

  • Would like to be able to highlight items on any additional pages to easily copy/paste

Likelihood to Recommend

Stampli is an easy system to use and has multiple benefits. Can give visibility to all employees who need to audit and approve charges on our invoices

Vetted Review
Stampli
5 years of experience

I <3 Stampli

Rating: 10 out of 10

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).

New to Stampli, Wonderful tool for our AP team!

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

We use Stampli as the first resource for reviewing and entering invoices into our system, Microsoft Dynamics Business Central. Stampli is the place our team is able to quickly access, code and enter invoices for review before posting in our ERP. This helps us with global look up and duplicate detection reducing our posting errors.

Pros

  • Learning - Billy the bot learns much quicker than our previous OCR.
  • Global lookup - we have multiple entities which creates a challenge for finding invoices entered in the wrong place. Stampli has removed this issue.
  • Maximizing manpower - reduces the need for more personnel.

Cons

  • Reporting Functions - Need a boost for increased visible reports.
  • Vendor management function - When not in use, there is still some functionality creating confusion.

Likelihood to Recommend

Stampli is the place our team is able to quickly access, code and enter invoices for review before posting in our ERP. This helps us with global look up and duplicate detection reducing our posting errors.

Vetted Review
Stampli
1 year of experience

Love Stampli!

Rating: 10 out of 10
Incentivized

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 is an AP game changer!

Rating: 10 out of 10

Use Cases and Deployment Scope

The system is incredibly intuitive, easy to deploy, use, and integrate with Sage Intacct. The Stampli team listens to their customers, continually upgrades the product, has impeccable customer support- probably one of the best I've encountered in my 30 years' experience as a vendor and customer. The Customer Sucess team is very knowledgeable in the Accounts Payable space, schedules system optimization meetings to help our AP team understand how we can better utilize AP automation based on system usage metrics.

Pros

  • Product roadmap details
  • System optimization meetings
  • Customer support
  • Resource page on website

Likelihood to Recommend

Vetted Review
Stampli
2 years of experience

Stampli AP Automation is worth every penny!

Rating: 10 out of 10
Incentivized

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).

Very fast approval process

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

We use Stampli for the payment of our vendors.

It addresses timely payment of vendors, invoice management, invoice tracking and duplicate invoice detection.

It's very easy to use the functionality is awesome.

And would highly recommend to any company that needs to approve invoices, and pay their vendors in a timely manner.

Pros

  • Easy approval process
  • Very easy to use
  • Vendor paid timely
  • no duplicate vendor errors
  • very friendly software

Cons

  • Changing invoice approvals

Likelihood to Recommend

Stampli Review

Rating: 10 out of 10
Incentivized

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.

Use Stampli!

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

I am responsible for the ordering of supplies for several departments. Stampli helps me keep the department orders organized. It also sends me reminders allowing me to process invoices to corporate in a timely manner.

Pros

  • Allows an 'enlargement' icon to more easily view small invoices
  • Sends reminders to process invoices
  • Provides a library to house invoices until I am ready to process them

Cons

  • Provide more description on what items were purchased when trying to marry invoices up with amounts listed. Currently it only shows the vendor and not the item.
  • Allow better access to previous invoices. That may be available, and I just may not have privileges.

Likelihood to Recommend

My experience with Stampli has been positive. Other than just a couple of suggestions listed earlier, there is nothing more that I would like to add. It is an easy and efficient program to use. I am more organized since using Stampli.