Stampli is an accounts payable automation platform that utilizes AI for line-level purchase order matching and invoice processing, streamlining approvals and payments. By integrating with over 70 ERP systems, it reduces invoice processing time by 75% and enables faster payment methods, enhancing overall financial operations efficiency.
Funding
$148M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BGFounders
Product
Problem
Many companies still rely on manual processes for accounts payable (AP), leading to inefficiencies, errors, and delayed payments. Existing ERP systems often lack the specialized AP functionality needed to fully automate invoice processing, purchase order matching, and approval workflows. This results in wasted time, increased costs, and limited visibility into financial operations.
Solution
Stampli provides an AP automation platform designed to streamline the entire invoice lifecycle, from receipt to payment. The platform leverages AI-powered line-level purchase order matching and automated invoice processing to minimize manual data entry and reduce errors. Stampli integrates with over 70 ERP systems, offering a seamless connection between AP processes and existing financial infrastructure. By automating invoice approvals and payment workflows, Stampli reduces processing times, improves efficiency, and provides greater control over cash flow. The platform also offers vendor management tools and spend management capabilities, providing a comprehensive solution for finance operations.
Target Audience
Stampli targets accounting teams, controllers, and CFOs across various industries who are seeking to automate their accounts payable processes, reduce manual effort, and improve financial visibility.
Features
- AI-powered invoice data capture and line-level PO matching
- Automated approval routing with internal and external messaging
- Integration with 70+ ERP systems, including NetSuite, Sage, Microsoft Dynamics, Oracle, and SAP
- Stampli Direct Pay for domestic and international payments, including ACH, wire transfers, and virtual cards
- Vendor management tools for onboarding, compliance, and communication
- Spend management features, including mobile card management and expense tracking
- Real-time analytics and reporting for enhanced visibility into AP processes
- Cognitive AI for automated coding and anomaly detection