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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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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

(1-20 of 20)
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April 15, 2024

Stampli for the WIN!!

Score 10 out of 10
Vetted Review
Verified User
  • 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.
March 31, 2024

I <3 Stampli

Score 10 out of 10
Vetted Review
Verified User
  • 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
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
  • Reporting Functions - Need a boost for increased visible reports.
  • Vendor management function - When not in use, there is still some functionality creating confusion.
March 28, 2024

Love Stampli!

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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
  • 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
Score 10 out of 10
Vetted Review
Verified User
  • Product roadmap details
  • System optimization meetings
  • Customer support
  • Resource page on website
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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
March 21, 2024

Stampli Review

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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".
  • 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.
March 21, 2024

Use Stampli!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 10 out of 10
Vetted Review
Verified User
  • Easy to use
  • Financial Support
  • Great Customer service
  • Digital option
  • Better tracking system
  • Allow for Connection with other store for receipt collection
Score 10 out of 10
Vetted Review
Verified User
  • Automation of Invoices - filling in coding details for me
  • Workflow - organization of invoices
  • Efficiency - search software
  • Customer Support
  • Reports - monthly accrual, unpaid, paid, by approver, status
  • Removal of duplicate invoices
  • Notification for rejected invoice
  • Picture of reciepts instead of PDF
Joelle Kolarcik | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Communication to and from users
  • Reminds you if an invoice is marked urgent for approval
  • Shows exactly where an invoice is at within the approval process.
  • It would be nice to be able to download the invoice from Stampli and save to my computer.
Score 10 out of 10
Vetted Review
Reseller
  • Integrates with Netsuite
  • Matches Vendor records and only allows you proceed with a PO if it matches perfectly.
  • Direct Pay options for check processing and ACH to vendors
  • If a linked invoice has a small change the flow downstream will fail
  • Allowing users to reset their password in the profile instead of at login
  • Improving sync time would be a plus
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Learns and automates how invoices are booked (i.e. what accounts to use, class codes, dept codes, reading invoice details, etc.)
  • Records all actions, comments, approvals for auditing documentation
  • Recognizes and flags any duplicate invoices
  • Validated syncing with our accounting system (NetSuite)
  • Due date - sometimes it recognizes the vendor's net terms, other times it doesn't and needs to be corrected.
March 21, 2024

Stampli Review

Score 10 out of 10
Vetted Review
Verified User
  • uploads information
  • no glitches
  • easy to use
  • when the invoice is 3 pages it seems the system is unable to detect amount
April 27, 2022

Stampli is the BEST!

Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Processing Invoices
  • Approving Invoices
  • Accounting Process
  • approved tab, after be exported be able to edit the invoice
  • the crop-split tool, separate the bill
  • improve in the approvers tab be able the system determinate who is the approver depending on the facility.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 9 out of 10
Vetted Review
Verified User
  • It will solve all your AP problems.
  • Very organized and User-Friendly.
  • [Everything is] all in one place, [and it is] easy to upload invoices through your email.
  • Stampli is continuing to improve features.
  • You cannot use numbers of account number in one invoice. I hope they will introduce this feature soon.
  • I like all other features; very easy to use and user-friendly.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
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