Stampli AP Automation is worth every penny!
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
Cons
- 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
- 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
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.
Project managers
People managers
- 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
- Scalability
- Integration with Other Systems
- Ease of Use
- Implemented in-house
- Navigation
- Searches
- All core AP functions
- Discrepancy reporting