Stampli Reviews & Pricing

by Stampli | Founded 2014, Mountain View, CA

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What is Stampli?

Industry Specialties: Serves all industries

Stampli is a cloud-based accounts payable and invoice management solution that simplifies communication with internal stakeholders for swift approval of payments. Users don't have to search for a separate invoice management system as it provides seamless integration with popular accounting and ERP platforms like Oracle, Quickbooks, Sage and SAP.

It provides a straightforward way to make payments with paperless checks or ACH transactions. Its primary features include invoice management, reporting, processing and accounting. Users get the freedom to enable communication from a centralized landing page and it provides a single site license that applies to all users. The reporting feature provides users with essential information on key performance indicators, possible obstructions, expense forecasts and more.

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User Sentiment

Based on 20 reviews:

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Stampli Pricing

Based on our most recent analysis, Stampli pricing starts in the range of $10 - $100.

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Starting From: Undisclosed
Pricing Model: Usage-Based
Free Trial: Yes, Request for Free

Training Resources

Stampli is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Stampli:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Stampli Benefits and Insights

Why use Stampli?

Key differentiators & advantages of Stampli

Quick Setup: Implement the platform in just a few minutes without the need to install a separate program or disrupt the accounts payable environment.
Minimize Approval Time: Maintain accountability by keeping track of user responsibility for invoices to speed up the payment approval procedure and pay vendors quickly.
Easy Matching: Ensure maximum flexibility and control with preferred payment methods and guarantee easy payments with ACH transactions.
Accurate Coding: Capture invoice data in real time with a personal intelligent AP bot that comes with optical character recognition, AI and machine learning technology. Provide accurate coding and approval routing by understanding patterns within the accounting process.Get duplicate detection, builtin calculations and PO support in a paperless approach.

Industry Expertise

It is suitable for medium and large-scale businesses and applicable across all industries.

Stampli Reviews

Average customer reviews & user sentiment summary for Stampli:

20 reviews

94%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Stampli reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Intuitive Interface: Stampli's interface is straightforward and easy to navigate, even for users without extensive accounting software experience. The platform's design prioritizes clarity and efficiency, allowing users to quickly find the information they need and complete tasks without unnecessary complexity.
Collaboration Features: Stampli facilitates seamless collaboration between departments, such as accounting and operations. Its communication tools enable users to discuss invoices, share documents, and resolve issues within the platform, reducing the need for external communication channels and streamlining the approval process.
Automation Capabilities: Stampli automates many manual accounting tasks, such as data entry, invoice matching, and approval routing. This automation saves time, reduces errors, and allows accounting teams to focus on more strategic initiatives.
Customization Options: Stampli offers a range of customization options to tailor the platform to specific business needs. Users can configure workflows, approval processes, and reporting formats to align with their organization's unique requirements.
Integrations: Stampli integrates with various accounting and enterprise resource planning (ERP) systems, enabling seamless data transfer and eliminating the need for manual data entry. This integration ensures data consistency and streamlines accounting processes.

Cons

Limited Customization: Some users find the platform's customization options to be somewhat restrictive, especially when it comes to reporting and dashboards. The available templates may not always align perfectly with specific business requirements, potentially requiring workarounds or manual adjustments.
Mobile App Functionality: While Stampli offers a mobile app, its functionality is more limited compared to the web version. Users may find that certain features or tasks are easier to complete on the desktop platform, which could impact convenience for those who rely heavily on mobile access.
Integrations: Although Stampli integrates with various accounting software and ERP systems, the depth of integration can vary. Users have reported occasional challenges with syncing data or experiencing delays, which can affect workflow efficiency and data accuracy.

Researcher's Summary:

Stampli is a cloud-based accounts payable (AP) automation platform that helps businesses streamline their financial processes, offering features like invoice processing, expense management, and B2B payments. Stampli appears to shine in its ability to integrate with over 70 enterprise resource planning (ERP) systems without requiring major modifications, unlike some competitors that may necessitate substantial rework. This seamless integration is crucial for businesses as it allows them to leverage their existing ERP investments and avoid disruptions to their workflows.

Stampli's user-friendly interface and comprehensive AP automation capabilities have garnered positive feedback, but some users have expressed concerns about its pricing structure and occasional customer support delays. While Stampli offers a robust set of features, businesses should carefully evaluate their budget and support needs before committing. Overall, Stampli seems well-suited for mid-market and enterprise-level businesses seeking a scalable and adaptable AP automation solution that integrates effortlessly with their current ERP systems. Its ability to handle complex workflows and high invoice volumes makes it a valuable tool for organizations looking to optimize their financial operations and gain better control over their spending.

Key Features

Seamless Integration: Receive integrations with the existing accounting system and invoice processes.
Smart Capture: Digitize document-centric processes by classifying and separating documents. Auto-extract key data and put it in the system for record, enhance customer experience by combining the speed and scalability of the cloud and receive accurate and complete turnaround on documents.
Invoice Processing: Save time and costs by automating processes such as approval selection, notifications, GL-coding and more utilizing the platform’s AI tools.
Audit Trails: Get one-click access to invoice related conversations and activities to support audits. Histories of approved bills are stored in the platform’s AP Automation system and are available for download at any time. Stay up to date with accounting and bookkeeping information and certify that account statements match.
Duty Segregation: Eliminate fraud and enforce internal control using customized roles and permissions.
Intuitive Dashboard: Get access to accounts payable, approvers and any user involved with the bill with the easy-to-use interface. Make use of advanced search, reports and the management dashboard to gain full visibility into the process and get all the information required to make a well-informed decision.
Collaboration Hub: Send, track and view invoice communication on a centralized system. Users can send direct messages to other employees in order to keep track of crucial movement within invoices.
Payment: Give users the freedom to make the payment through their preferred payment system and update payment information directly into the system.

Limitations

At the time of this review, these are the limitations according to user feedback:

Limited access to the functionalities in the trial period.
It’s size-dependent, which makes it challenging to use for small businesses.
Users are charged by the number of documents uploaded regardless of whether it was by mistake or just an invoice.