Stampli

Stampli is an AI-augmented accounts payable and procure-to-pay platform that automates invoice processing, data extraction, approval workflows, vendor collaboration, and payment matching to boost efficiency and reduce errors.
Pricing Model: Paid
https://www.stampli.com/
Release Date: 12/09/2024

Stampli Features:

  • AI / OCR invoice capture and data extraction

  • Automated GL-coding and cost allocation suggestions

  • PO / 2- and 3-way matching with invoice reconciliation

  • Approval workflow routing, reminders & escalations

  • Vendor portal and vendor communication embedded in the invoice context

  • Duplicate detection, anomaly alerts, and fraud checks

  • Stampli “Billy the Bot” AI assistant that learns from history

  • Integration with major ERPs & accounting systems

  • AP insight dashboards & reporting

  • Payment modules (ACH, check, card) and corporate card issuance

Stampli Description:

Stampli is a sophisticated AI-augmented procure-to-pay (P2P) and accounts payable (AP) automation platform designed to streamline end-to-end invoice and payment processes for finance teams. At its core, Stampli leverages artificial intelligence, machine learning, and OCR (optical character recognition) to automatically ingest invoices, extract structured data, and populate expense or ledger fields—reducing manual entry and accelerating processing times.

Once invoices are captured, Stampli’s AI assistant, “Billy the Bot,” suggests cost allocations, GL codes, and approval routing paths based on historical patterns, vendor behavior, and organizational rules. It also flags anomalies, duplicates, and potential fraud risks, helping ensure financial integrity. The system supports advanced matching capabilities: two- and three-way PO matching, reconciliation of invoices with purchase orders and goods receipt, and exception handling workflows when mismatches occur.

A key differentiator is Stampli’s invoice-centric collaboration model. Every invoice becomes a shared workspace where internal stakeholders and vendors can comment, ask questions, attach documents, and resolve issues—all tracked in context. The vendor portal enables external parties to view invoice status, respond to queries, or upload missing information without leaving the system.

Stampli’s modules go beyond core AP: it offers procurement capabilities, vendor management, payment tools (ACH, check, card), and even its own corporate card product to capture “shadow spend.” Integration with ERPs and accounting systems ensures seamless flow between Stampli and the core financial infrastructure. Stampli aims to deploy rapidly—within weeks—and adapt to existing workflows rather than enforce rigid process changes.

Because Stampli is quote-based, pricing scales with usage, modules selected, invoice volume, and client features. While not openly displayed, pricing is modular and customizable to meet enterprise needs. Its AI elements have matured over the years, handling billions in invoice spend across customers. With its combination of automation, collaboration, deep integrations, and AI intelligence, Stampli empowers finance teams to reduce costs, accelerate approvals, reduce errors, and gain deeper visibility across the procure-to-pay lifecycle.

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