Stampli is a cloud-based interactive invoice management solution for Accounts Payable that helps get invoices approved up to 5 times faster. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.
What is your App’s name, what do you do, & when did your company start?
Stampli is our name, and improving Accounts Payable is our game! Stampli is a cloud-based interactive invoice management solution that helps get invoices approved up to fives times faster than before. We make the Accounts Payable process fast, easy, and fun for everyone involved in the process. The company was founded in 2014, and is currently headquartered in the heart of Silicon Valley, California.
What was the main problem you were trying to solve when you first developed Stampli?
The breakdown of communication in the Accounts Payable process causes a lot of unnecessary stress and frustration for Accounts Payable, approvers, and vendors. We’ve taken a whole new approach to solving this problem by creating a light, intuitive, user-friendly solution that allows everyone involved in the invoice journey to communicate, nay collaborate, from the same digitized document. Flexible approvals bring everyone together to truly verify if an invoice is ready to be paid. And it’s possible to be up and running within one hour, allowing companies to see real results immediately.
What companies (or users) are the best fit for Stampli?
Stampli’s value as an Accounts Payable solution is truly felt by companies whose invoice approvals process involves multiple approvers or who must work with people in distributed locations. The solution is industry-agnostic, and integrates in minutes to any financial system, particularly NetSuite, Intacct, and QuickBooks. Finance department members, from the CFO to the AP Specialist can find value in Stampli both at the process level, and from a management perspective with increased visibility into bottlenecks and cash flow.
Tell us about your users’ top 3 favorite features or benefits of Stampli.
Stampli offers our customers a unique set of benefits and features. For a full list, see here. Popular opinion highlights the top three as:
- Fast, fun invoice approvals. Accounts Payable employees have calculated that the average invoice approval process is 5 times faster with Stampli thanks to the real-time communication thread at the center of every invoice in Stampli
- Unparalleled integration speed. A complete organization-wide setup including integration to any financial system can be completed in one hour, with no setup cost.
- Artificial Intelligence and Machine Learning. This unique feature learns the patterns of coding and approvals, relieving AP of tedious data entry. This feature also allows for a flexible, dynamic approvals process that means companies can adapt it to their existing business processes.
Tell us about your company’s culture and leadership.
The inspiration for Stampli was born out of our founder’s passion for connecting processes and people in ways they have never been connected before. The mission of Stampli is to transform human communication from a weakness into a strength that solves the real Accounts Payable problem in an entirely new way. This mission has become a new solution that can be easily adopted and adapted in any business environment.
These product principles also apply to our company culture. Transparency, authenticity, and simplicity are pillars of our culture which support our ultimate goal – to provide outstanding customer results.
How is Stampli different from your competitors?
There are many ways Stampli differs from other Accounts Payable solutions (just ask our customers!), but the most significant differences are:
- No implementation project. Organization wide setup can be completed in literally one hour versus the months a new AP solution usually requires.
- Flexible approvals process allows the invoice to be truly verified by the right person or people. No need to change existing processes or learn a new system.
- Stampli is the only AP solution to feature true Artificial Intelligence to help AP process invoices faster and more accurately.
What is the pricing for Stampli?
Based on your AP needs, we offer several monthly subscription plans. All plans include free setup and support by our Customer Success team.
Contact us (https://www.stampli.com/
Eager to see Stampli for yourself? Book a demo today!
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