Stampli for the WIN!!
The ease of routing is unmatched. The ease of approvals for individuals within the organization is unmatched. It is a tool that has moved …
Overview
What is Stampli?
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.
Recent Reviews
Popular Features
- Payment Status Tracking (15)9.191%
- Automated Accounts Payable Processes (14)9.191%
- Payment Audit Trail (15)8.888%
- Duplicate Bill Detection (15)8.888%
Reviewer Pros & Cons
Pricing
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What is Stampli?
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.
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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Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Stampli?
Stampli is presented as a solution 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 more than 70 ERPs so that it can deploy in a matter of weeks, not months, with no disruption to the user's business.
Stampli brings AP-related communication, documentation, and workflows into one place for complete visibility and control. To make it simple to learn and use, its Billy the Bot™ feature automates nearly all capture, coding, routing, fraud detection, and other manual tasks. To drive efficiency, Stampli’s core AP solution is complemented by a suite of integrated products that include Direct Pay, Credit Cards, Advanced Vendor Management, and others.
Stampli is designed to provide complete visibility and control over the entire AP program. It aims to reduce the risk of errors, fraud, and compliance issues while improving vendor relationships and making AP processes more efficient.
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
Stampli Video
Stampli: an Accounts Payable platform built for AP
Stampli Integrations
Stampli Competitors
Stampli Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Android |
| Supported Countries | United States, Israel |
| Supported Languages | English |
Stampli Downloadables
Frequently Asked Questions
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.
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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(47)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Recommendations
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.
Users recommend trying Stampli for its easy setup, helpful staff, and cost-effective solution that covers most desired features. They suggest utilizing the help guides and finding the support team to be responsive and helpful. Users appreciate Stampli's dynamic approver process, integration capabilities, and quick setup. They highly recommend Stampli for accounting purposes such as submitting documentation, payments, and invoices. Additionally, users praise Stampli's PDF recognition feature, time-saving benefits, and improved communication. They suggest inviting key users to help implement Stampli from the beginning and focusing on the organization's needs. Users find Stampli intuitive and user-friendly, especially for fast-paced, high-volume AP departments. They believe Stampli is a reliable solution for workflow improvement and batch uploads. Furthermore, users recommend asking industry-specific questions to ensure Stampli meets specific needs and testing actual invoices in the UI before purchasing. Users highly recommend making the switch to Stampli due to its simplified approval process and game-changing features. Overall, users find Stampli to be a great tool for AP automation that increases accountability and reduces errors in the AP process while streamlining the billing process efficiently.
Attribute Ratings
Reviews
(1-5 of 5)Companies can't remove reviews or game the system. Here's why
March 27, 2024
Stampli is an AP game changer!
Score 10 out of 10
Vetted Review
Verified User
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.
- Product roadmap details
- System optimization meetings
- Customer support
- Resource page on website
100%
10.0
100%
10.0
- Decreased invoice processing time by ~60%
- Reduced invoice approvals by ~60%
- Reduced invoice errors by ~50%
Stampli better suited our needs with the
infrastructure we have in place, met our international and workflow requirements, required minimal integration
set-up time without involving a 3rd party vendor, provided a
tailored implementation process, and offered an all-inclusive month-to-month
pricing structure.
60
All business functions use Stampli for department specific approvals
2
Technical Project Manager - technical expertise
AP Director - administrative software support within the application
AP Director - administrative software support within the application
- Improve invoice processing time
- Send payments to vendors timely
- Mobile Integration for On-the-go approval
- Multi-currency Support
- Data Analytics and Insights
- Forecasting and Budgeting
- Predictive Analytics for Cash Flow Management
No
- Cloud Solutions
- Scalability
- Integration with Other Systems
- Ease of Use
- Other
Billy the bot was the single most important factor in the decision to purchase Stampli
- Implemented in-house
No
- No Training
Yes- very easy because of the excellent documentation
No - we have not done any customization to the interface
No - we have not done any custom code
No because the regular support has met our needs
No
We needed to purchase additional users and used the chat bubble to request the increase in licenses and the additional licenses were added within 30 minutes
- Real-time Visibility and Reporting
- Automated Approval Routing
- Collaborative Approval Workflow
- Automated Data Capture
Yes
Stampli mobile accessibility works very well, allowing users to review and approve invoices on-the-go from their smartphones or tablets. This flexibility enables approvers to stay productive even when staff are away from their desks.
Typical single integration and very simple to set up and/or make changes
- API (e.g. SOAP or REST)
Very easy, Stampli staff knowledgeable with integrations
Free trial
No
No
No
March 21, 2024
Stampli AP Automation is worth every penny!
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.
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.
- Customer service
- Implementation
- Core functions (OCR, AI learning of how particular invoices are processed)
- W9 submission
- ACH payments
- 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
90%
9.0
98.57142857142858%
9.9
- Reduced headcount by 1 at the cost of 1/2
- Estimated 2 hours per week saved from non-AP Accounting staff
- Data entry accuracy increased (the software both suggests entry values and automatically fills fields in)
- Payment approval process has caught things that printing and signing checks out of ERP never would have
Stampli is an AP automation software first, whereas the other options we reviewed were a payment processing service that included AP automation.
The Stampli user interface is modern and easy for everyone in the organization to use.
Other options we reviewed had a "Pay for Service" model where a monthly charge would move you to the front of the line, whereas Stampli customer service (which is awesome) is included in the cost.
Stampli was the superior choice on every feature, their sales team was more engaged, and the cost was basically the same for every option. It was an easy choice and we're glad we made it.
The Stampli user interface is modern and easy for everyone in the organization to use.
Other options we reviewed had a "Pay for Service" model where a monthly charge would move you to the front of the line, whereas Stampli customer service (which is awesome) is included in the cost.
Stampli was the superior choice on every feature, their sales team was more engaged, and the cost was basically the same for every option. It was an easy choice and we're glad we made it.
30
Accounting
Project managers
People managers
Project managers
People managers
1
It's so intuitive, we just have one point person to answer questions from users. It did not require any special training beyond what was received during implementation. The Stampli support team (when needed) responds within minutes.
- AP automation
- W9 collection
- Payments
- Customer referral payments (and solved a major W9 collection issue)
- Automate recurring payments when no invoice is issued (rents, contracted consultants)
- Employee expense reimbursement
Yes
We were doing AP entry in Netsuite. Netsuite was a step up from our previous system (Accounting Seed in Salesforce) because it allowed us to easily attach a PDF to the invoice entry. But Netsuite wasn't fast, it was difficult to track invoice approvals, and getting to that attached PDF was not intuitive.
- Scalability
- Integration with Other Systems
- Ease of Use
All the other AP automation software that we looked at all did the same basic functions. Stampli had the cleanest, easiest to use user interface, and we needed to be sure our non-Accounting staff would be able to use it effectively to approve invoices.
- Implemented in-house
No
Change management was a big part of the implementation and was well-handled
We probably over-trained and over-communicated Stampli to our non-Accounting users. It's so easy to use that most users had started using it before coming to a training session.
There was not an option to purchase premium support.
We have a unique issue of paying over $600 to individuals as a reward for referring customers to us, so we need to collect W9s before we can issue payment. This program has ballooned from several dozen to several hundred payments, and W9 compliance has been difficult to manage. Our Stampli rep worked with us to come up with a solution using the Stampli vendor portal after our referral software vendor basically shrugged their shoulders (even though they acknowledged that several of their customers were having similar W9 issues).
- Navigation
- Searches
- All core AP functions
- Discrepancy reporting
Yes, but I don't use it
March 21, 2024
Use Stampli!
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.
- 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
- 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.
N/A
N/A
42.857142857142854%
4.3
- With various members of the team ordering at any given time, Stampli has helped to maintain the organizational structure that was needed.
- Stampli does not allow me to forget an invoice entry.
August 10, 2021
Great AP automation tool with AI real-time capture of invoice data and seamless integration with our accounting system
Stampli is mainly used by our accounting department, but the approval feature of invoices is used across our entire organization. Stampli is an Accounts Payable management and automation tool. It allows us to manage the approval of our bills for payment with the various departments within our organization and also integrates with our accounting system to automatically enter the bills. It is also a payment tool that allows us to pay our bills through Stampli.
- Integration with accounting systems
- Approval tracking
- AI used to enter details from invoices
- AI sometimes doesn't seem to learn as efficiently as we would like
- ACH payments can take up to 3 to 5 business days after processing which is too long for some of our processes
- It would be nice if the system also included a copy of the invoice in the integration rather than just a link to the Stampli website.
- AP approval tracking & management
- AI capture of invoice data real time
- Integration with our accounting system
- 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
May 23, 2021
Fantastic addition to your accounting package
Stampli is currently being used by the fiscal department as a digital storage cabinet for purchase approvals as well as coding of invoices. The management of the organization also uses Stampli to approve departmental invoices and ask questions of vendors all within the Stampli portal.
- 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.
- Honestly it's hard to find anything wrong. All of our feedback is valued and 50% of the time our feedback results in an actual change in the platform.
- The digital audit trail
- The digital filing cabinet
- KPI tracking
- Huge improvement in efficiency. We are able to upload invoices and code them from anywhere.
- Improved accuracy for ledger coding as well as for audit control purposes.