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
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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…
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
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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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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
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April 15, 2024
Stampli for the WIN!!
Score 10 out of 10
Vetted Review
Verified 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 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!!
- 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!
- I am honestly so pleased with Stampli, as are others within our org. I cannot really think of anything that is a downside.
100%
10.0
100%
10.0
- The best testament to Stampli is that is has decreased DTP (days to process) by over 3 days.
- It has transformed invoice approval. No invoices are being sent duplicate times for approval by error. Stampli does a great job at identifying duplicate invoices.
196
AP processing, invoice approval and invoice lookup
2
Knowledge of Stampli. The program is extremely user friendly and learned in no time.
- Invoice processing
- approval routing
- integration to QB
- It has completely revamped our routing process for invoices
- It integrates with QB so no need to enter invoices by hand once approvals are received.
- By utilizing it for more of our subsidiaries. We already utilize it for 2 subsidiaries.
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
100%
10.0
86.66666666666666%
8.7
- 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
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
- 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.
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.
- 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.
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