Invoices require approval from management, which means accounts payable ensure that everything is in order before payment is made. That’s why people from accounts payables need to chase internal stakeholders to approve the payment. The whole process can be long and time intensive. With Stampli, the whole journey from vendors sending their invoices to companies making the payments is streamlined.
Stampli delivers a robust and powerful accounts payable invoice management system that accelerates communication and coordination between vendors and employees. Based in the cloud, Stampli is fast and easy to set up and implementation is a breeze. The platform also boasts of fast and seamless integrations with popular ERP and accounting platforms, eliminating the need to install a separate software for accounts payables and invoice management.
Show MoreStampli expedites the payment approval process by providing companies a powerful platform capable of facilitating the communication and coordination of employees and vendors. This cloud-based invoice management and approval software makes it easy for employees to send invoices to the top management for approval and payment. There is virtually no need to chase stakeholders to explain them the details in the invoice and get their approval for payment.
Fast and easy to set up, Stampli can be implemented across the whole organization in minutes. On top of that, the platform smoothly integrates with the most popular accounting and ERP software and applications. That means Stampli can function to its fullest potential without disrupting your current accounts payable environment and without the need to install a separate program.
With such simplicity and flexibility, companies that use Stampli claim that the approval time for invoices has gone down as far as 80%. For businesses, Stampli enables them to quickly see who has ownership of the invoices they receive and who has the accountability. For vendors, Stampli speeds up the whole payment approval process so that they get paid quickly.
The software can also generate reports that help improve visibility, control, and accountability. These reports provide details and insights into expense forecasts, bottlenecks and key performance indicators (KPIs).
Show MoreProblem: A design agency sends an invoice for services to ACME Co. They send it to Lisa whom they worked with from the Marketing Department. Lisa sends this invoice to AP. AP decides whose approval is needed to process the payment. Often, there is more than one approval needed. The invoice is sent to back to Marketing, this time to the marketing Manager, Sarah. Sarah doesn’t know what this invoice is all about and she asks two of her team managers if they know more. One of the team managers say it’s the design Lisa was working on, but she doesn’t know if all deliverables were actually received and she will ask Lisa to confirm that they were.
Solution: Lisa’s deliverables were received, except for one missing summary document. Lisa calls the agency to ask about the missing document. The design agency sends her the summary document. Lisa tells the Marketing Manager Sarah that it’s OK to pay the invoice now. Sarah approves the invoice. Sarah’s Manager approves it. AP approves the invoice for payment.
Invoice is finally approved, filed, and completed ready to be paid.
How does Stampli help? With Stampli, the process is considerably shortened. AP can review the invoice, upload it to Stampli, and tag the necessary approvers. The system will provide automatic reminders, notifications, make recommendations for process improvement, and more.
Since businesses have particular business-related wants, it is reasonable they steer clear of purchasing an all-in-one, “perfect” solution. Still, it is difficult to pinpoint such application even among popular software products. The better thing to do is to take note of the varied important functions that entail research such as critical features, budget, technical skill ability of staff members, company size, etc. Next, you must perform the research systematically. Go over these Stampli reviews and check out each of the applications in your list more closely. Such detailed product investigation ensure you take out unsuitable apps and pay for the one that includes all the features your business requires for optimal results.
Position of Stampli in our main categories:
Stampli is one of the top 500 Accounting Software products
Organizations have unique needs and requirements and no software platform can be ideal in such a situation. It is pointless to try to find an ideal out-of-the-box software app that meets all your business wants. The smart thing to do would be to customize the system for your specific requirements, staff member skill levels, finances, and other elements. For these reasons, do not hasten and pay for well-publicized trendy systems. Though these may be widely used, they may not be the perfect fit for your unique wants. Do your research, investigate each short-listed platform in detail, read a few Stampli Billing and Invoicing Software reviews, call the seller for explanations, and finally settle for the product that presents what you want.
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Stampli Pricing Plans:
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Contact Stampli for enterprise pricing information and other product details. You can also submit a request for a 30-day free trial to see if the software is a good fit for your system.
We realize that when you decide to buy a Billing and Invoicing Software it’s crucial not only to learn how professionals score it in their reviews, but also to find out whether the actual clients and companies that purchased it are genuinely content with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Stampli reviews across a vast range of social media sites. The data is then presented in an easy to digest format indicating how many users had positive and negative experience with Stampli. With that information at hand you will be equipped to make an informed business decision that you won’t regret.
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