Great AP automation tool with AI real-time capture of invoice data and seamless integration with our accounting system
August 10, 2021

Great AP automation tool with AI real-time capture of invoice data and seamless integration with our accounting system

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Stampli

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.

Pros

  • Integration with accounting systems
  • Approval tracking
  • AI used to enter details from invoices

Cons

  • 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
We selected Stampli due to the OCR and AI technologies that captures invoice data in real time plus the easy user interface. In comparing the two systems Stampli just appeared to outperform Bill.com.

Do you think Stampli delivers good value for the price?

Yes

Are you happy with Stampli's feature set?

Yes

Did Stampli live up to sales and marketing promises?

Yes

Did implementation of Stampli go as expected?

Yes

Would you buy Stampli again?

Yes

Stampli is a great AP automation tool. In processing hundreds of invoices a month, the AI (artificial intelligence) is very helpful in automatically pulling data from the invoice into the system's fields. It directly integrates with our accounting system (currently QuickBooks Online but will also integrate with our new system Sage Intacct). It gives a link in our accounting system that allows us to quickly go to the invoice in Stampli. It allows us to make sure we have approval from various departments before paying our bills and helps us manage communication when there are issues with bills. If you don't have too many bills to track or have to manage approval from different departments in an organization, this solution would not be needed.

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