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Stampli

Stampli

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.

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Recent Reviews

I <3 Stampli

10 out of 10
March 31, 2024
My company uses Stampli as our primary invoice processing and payment system. Stampli centralizes and formalizes the invoice process from …
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Amazing and Easy to Use

10 out of 10
March 21, 2024
I used my Stampi card every day for my work needs, such as, office supply, equipment, breakroom groceries amongst other miscellaneous …
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TrustRadius Insights

Stampli has proven to be a valuable software solution for streamlining and automating the invoice management process, significantly …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 9 features
  • Payment Status Tracking (15)
    9.1
    91%
  • Automated Accounts Payable Processes (14)
    9.1
    91%
  • Payment Audit Trail (15)
    8.8
    88%
  • Duplicate Bill Detection (15)
    8.8
    88%

Reviewer Pros & Cons

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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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Alternatives Pricing

What is BILL?

BILL is an online service for SMBs which provides a central dashboard for managing Accounts Receivable, Accounts Payable, and cash flow management. It syncs with all major accounting systems like QuickBooks, Sage, Intaact, and NetSuite.

What is Tipalti?

Tipalti automates critical financial processes to drive efficiency, including accounts payable, mass payments, procurement, and expenses, all on one global finance automation platform that grows with the organization, automating, de-risking and simplifying finance.

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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 6.0

Accounts Payable

Features found in accounts payable software products

9
Avg 5.5
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Product Details

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

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 Video

Stampli: an Accounts Payable platform built for AP

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

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.

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

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Reviews and Ratings

(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!

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

(1-1 of 1)
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March 31, 2024

I <3 Stampli

Score 10 out of 10
Vetted Review
Verified 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, reviewing, approving, and payment functions in a simple way across our various departments.
  • 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
  • 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
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).
Accounts Payable (1)
100%
10.0
Automated Accounts Payable Processes
100%
10.0
Payment Management (6)
86.66666666666666%
8.7
Customizable Approval Policies
70%
7.0
Payment Status Tracking
100%
10.0
Payment Audit Trail
100%
10.0
Duplicate Bill Detection
80%
8.0
Advanced OCR
70%
7.0
Electronic Funds Transfer
100%
10.0
  • The ease of communication and processing across our various department heads has allowed more visibility for vendor owners to efficiently review and approval of invoices and allowed us to find billing errors throughout our invoices when we previously would have been overcharged and not able to easily discover those instances.
  • Ideally would like to have a quicker payment processing timeline from payment initiation to funds leaving our bank to be able to incur more interest in our bank accounts by being able to hold our cash longer.
  • The ease of their customer service and tech assistance for any issues that arise has saved us an unknown amount of time that has taken a lot of strain off of our accounting department.
  • BILL
We really liked Bill.com because of the ease but Stampli is more advanced and able to integrate better with NetSuite.
24
Every function ... accounting / finance, marketing, operations, HR, manufacturing, technology
Not support individuals - just users.
  • Review invoices for accuracy prior to payment
  • Obtain multi-level review and approval steps
  • Consolidate communication function
  • Centralized and formalized review and approval function
  • Unsure - we already use them to our current needs
It would be a 10 for if the payment processing timeline was quicker - but we were told that they are working on that to improve.
Yes
Bill.com - prior service provider that we had used for over 4 years but their tech and customer support could not keep up with our growing business and operational demands when we switched to NetSuite.
  • Scalability
  • Integration with Other Systems
  • Ease of Use
Integration with NetSuite was our #1 priority due to Bill.com lacking in that category.
No change
Just takes time to understand the new system, which my time was very limited during the implementation phase.
  • Implemented in-house
No
Change management was a big part of the implementation and was well-handled
Have enough time ahead of time to understand the system as opposed to learning on the fly.
  • New systems and unfamiliarity are always the main issue.
Their customer support is great - from the online tech option to our assigned customer rep is top notch.
No
Numerous times from the implementation process to resolving our one off issues - they have always been prompt and attentive with even our customer rep assisting us while she was away on vacation.
A lot of checks and balances in the system that are an accountant's dream - just takes some time to understand the new process to get up to speed.
  • The review and approval process is easy to use and communicate to various users of the system.
  • Setting up various approval steps and users access rights.
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