Stampli

Stampli is an AI-powered accounts payable (AP) automation and invoice management software that streamlines the entire invoice lifecycle. It automates invoice processing, enhances visibility, and improves control over AP processes for businesses of all sizes.

Key features:
- AI-Powered Invoice Processing: Utilizes Billy the Bot™ to automate invoice capture, coding, approvals, and fraud detection, reducing manual data entry and accelerating AP processes.
- ERP Integration: Seamlessly integrates with over 70 ERP systems, ensuring real-time data synchronization and consistency across platforms.
- Centralized Collaboration: Consolidates all AP-related communication, documentation, and workflows on top of each invoice for improved collaboration and faster approvals.
- Fraud Detection and Compliance: Identifies duplicate invoices and potential fraud to ensure compliance and security in financial operations.
- Payments Integration: Supports various payment methods, including ACH, credit cards, and Direct Pay, simplifying the payment process while maintaining transaction context.
- Vendor Management: Provides tools for managing vendor information, onboarding, and compliance documentation.
- Analytics and Reporting: Offers built-in analytics for insights into invoice processing, employee productivity, and overall AP performance.
- Audit-Ready Access: Enables one-click access to all conversations and activities related to each invoice for simplified audits and transparency.

How it works:
1. Users interact with Stampli through a web application.
2. Invoice data is digitally captured using OCR and AI technologies.
3. Billy the Bot™ automates coding and approval workflows based on organizational patterns and historical data.
4. Users monitor and manage the invoice lifecycle from a centralized dashboard.
5. Data is synchronized with integrated ERP systems.

Integrations:
SAP, Oracle, Microsoft Dynamics, QuickBooks, Sage, NetSuite, Workday, and over 60 other ERP systems.

Use of AI:
Stampli's AI capabilities are built on machine learning algorithms that continuously learn and adapt to the organization's AP processes. Billy the Bot™ automates repetitive tasks and improves over time as it processes more data, reducing the need for manual intervention.

AI foundation model:
The system uses machine learning algorithms that adapt to organizational AP processes, becoming more efficient and accurate over time.

Target users:
- Finance and AP Teams
- CFOs and Controllers
- IT Departments
- Vendors and Suppliers

How to access:
Stampli is available as a web application with API integrations for connectivity with other business systems. It operates on a subscription-based model and is not open source.