Streamline your vendor payments with Stampli Pay with Card

There are three main use cases for Stampli Credit Cards. Read more about Stampli Card for AP spend and employee expenses with Stampli Card.

In the ever-evolving world of accounts payable, staying ahead means embracing tools that not only simplify processes but also add value to your operations. By paying vendor invoices with Stampli Card and Direct Pay, also called Pay with Card, you can manage your vendor payments efficiently and effectively, from the same comprehensive system you use to process your invoices. 

For many businesses, the traditional payment methods such as checks and ACH, though reliable, come with their own set of challenges. 

• ACH transactions can take 3-5 business days, and checks require additional mailing time. 
• The time it takes for these payments to process can lead to delays, which in turn can affect your vendor relationships and your business’s ability to capitalize on early payment discounts, favorable payment terms and avoid late fees. 
• These methods often lack direct financial incentives for your business, such as cashback. 

By making vendor payments with Stampli Pay with Card, you can speed up the payment process significantly, as invoices are paid immediately.

Traditional payment methods can also lead to pain points with cash flow management. ACH payments have an immediate fund withdrawal, limiting your ability to manage finances effectively. Direct Pay allows payments to be made via Stampli Card, which means funds are not withdrawn until the credit card bill is due. This delay provides you with more flexibility in managing your cash flow, enabling you to allocate funds more efficiently and even earn interest on your balances.

With Stampli Card the process of paying vendor invoices is simple and streamlined: directly from the Stampli platform you can send credit card payments directly to your vendors. You can code, approve, and pay vendor invoices all in one place. This integration ensures that every Stampli Card payment goes through a configurable approval process, enhancing security and control over transactions. Your payment data is also synchronized with your ERP, maintaining accuracy and visibility across your financial operations.

The Stampli platform’s user-friendly interface and robust security measures also mean that your finance team can manage payments with ease and confidence. 

• The ability to issue secure, single-use virtual Stampli Cards adds an extra layer of security, safeguarding your business against potential fraud. And it’s easy to cancel cards if necessary. 
• The details of each Stampli Card – such as number, date, amount, etc., are available only to whomever the payment was sent, ensuring data security and privacy. 
• The ease of use and security offered by Stampli’s platform ensure that your vendors have a hassle-free and secure payment experience.

Paying invoices by Stampli Card also offers tangible financial benefits. You can earn cashback on payments, transforming a routine process into an opportunity for cost savings. Unlike traditional payment methods that often come with per-transaction fees, credit card payments through Stampli reduce overall transaction costs.

For vendors, the benefits are equally compelling. 

• Instant payments via secure, single-use virtual cards facilitate your vendors getting paid faster, making them happier. 
• Eliminate the hassle of handling paper checks, making the entire process more efficient and less prone to errors. 
• Speed and reliability can foster stronger, more collaborative vendor relationships, potentially leading to better terms and pricing for your business. 

Stampli’s integration of credit card payments into its AP automation platform is not just a payment solution; it’s a step towards smarter financial management. With a unified view of all purchases, regardless of the payment method, you can gain a comprehensive understanding of your spending. It empowers you to optimize your cash flow, earn rewards, and build stronger vendor relationships, all within a seamless and secure platform. By offering speed, security, and financial benefits, it empowers you to manage your payments more effectively. 

Ready to upgrade how you pay your vendors? Talk to a Stampli expert today! 

Learn more about Stampli Card for AP spend and employee expenses with Stampli Card.