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 requirements, it is logical they avoid deciding on a one-size-fits-all, ideal system. Be that as it may, it would be difficult to try to chance on such application even among sought-after software systems. The clever thing to do should be to jot down the different main factors which require careful thought including important features, pricing, skill levels of the employees, business size, etc. The second step is, you should follow through the product research fully. Read some Stampli analyses and look into each of the software solutions in your list more closely. Such all-encompassing product research guarantee you steer clear of ill-fitting software solutions and subscribe to the system that has all the tools your company requires.
Position of Stampli in our main categories:
Stampli is one of the top 500 Accounting Software products
Every enterprise has its own characteristics, and may need a specific Billing and Invoicing Software solution that will be fit for their company size, type of clients and employees and even particular niche they support. You should not count on locating a perfect solution that will be suitable for each company no matter what their history is. It may be a good idea to read a few Stampli Billing and Invoicing Software reviews first and even then you should remember what the software is intended to do for your company and your workers. Do you need a simple and intuitive solution with only essential functions? Will you actually make use of the advanced tools needed by experts and large enterprises? Are there any particular tools that are especially beneficial for the industry you operate in? If you ask yourself these questions it is going to be much easier to find a solid software that will match your budget.
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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 know that when you decide to buy a Billing and Invoicing Software it’s vital not only to learn how professionals score it in their reviews, but also to find out whether the actual users and businesses that use it are actually happy with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Stampli reviews across a vast range of social media sites. The information is then presented in an easy to understand form indicating how many clients had positive and negative experience with Stampli. With that information available you will be prepared to make an informed buying decision that you won’t regret.
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