Stampli

Stampli is an AI-powered accounts payable (AP) automation and invoice management software that streamlines the entire invoice lifecycle. It automates tedious manual tasks, enhances visibility, and improves control over AP processes.

Key features:
- AI-powered invoice processing: Automates invoice capture, coding, approvals, and fraud detection
- ERP integration: Integrates with over 70 ERP systems, ensuring real-time data synchronization
- Centralized collaboration: Facilitates communication, documentation, and workflows on top of each invoice
- Fraud detection and compliance: Identifies duplicate invoices and potential fraud
- Payments integration: Supports various payment methods, including ACH, credit cards, and Direct Pay
- Vendor management: Includes tools for managing vendor information, onboarding, and compliance
- Analytics and reporting: Provides insights into invoice processing, employee productivity, and AP performance
- Audit-ready access: Offers one-click access to all conversations and activities related to each invoice

How it works:
Users interact with Stampli through a web application. The process begins with digital capture of invoice data using OCR and AI technologies. Billy the Bot™ then automates coding and approval workflows based on the organization's unique patterns and historical data. Users can monitor and manage the entire invoice lifecycle from a centralized dashboard. Stampli's integration with ERP systems allows for seamless data synchronization.

Integrations:
Stampli supports integrations with over 70 ERP systems, including SAP, Oracle, Microsoft Dynamics, QuickBooks, Sage, NetSuite, and Workday. These integrations are designed to be quick and easy, often deploying in days rather than weeks, and do not require extensive IT support.

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. This generative AI approach ensures that the system becomes more efficient and accurate, reducing the need for manual intervention.

How to access:
Stampli is available as a web application and offers API integrations for seamless connectivity with other business systems. It operates on a subscription-based model.