G2 Report: AP Automation & Invoice Management
What is AP Automation?
Companies use accounts payable (AP) automation software to more efficiently manage large volumes of invoices and financial transactions between a company and with suppliers. While most accounting solutions include basic AP-related functionality, many of them do not provide the functionality to effectively manage complex AP processes. Companies choose AP automation software to reduce manual work and bottlenecks— for those with AI-powered solutions — to avoid human errors and empower greater productivity for everyone involved in the P2P process.
How does it help?
This type of software simplifies complex AP activities and helps AP professionals to efficiently manage large volumes of supplier invoices and helps improves supplier relationships. AP automation improves the efficiency and value delivered by the AP department, and helps with other accounting activities such as financial closing.
Who uses AP automation software?
• AP professionals and other members of the accounting department responsible for Accounts Payable.
• Managers and executives who monitor AP activities.
How are solutions delivered?
AP automation solutions can be delivered as standalone on-premise or cloud-based products or as a part of accounting suites that also include AR automation, billing, and payment processing features. This type of software is integrated with accounting solutions or with accounting modules of ERP systems.
Stampli Named a Leader in AP Automation
Product and vendor scores are based on unbiased reviews gathered from the G2 user community, as well as data aggregated from online sources and social networks. G2 does not allow for paid placement in any of our ratings.
Products in the Leader quadrant are rated highly by G2 users and have substantial Market Presence. You’ll find Stampli here.
High Performing products have high customer satisfaction scores and low Market Presence compared to the rest of the category.
Contender products have relatively low customer Satisfaction scores and high Market Presence compared to the rest of the category.
Niche products have relatively
low Satisfaction scores and low Market Presence compared to the rest of the category.
Stampli is recognized by customers for it’s leadership in AP Automation
Stampli’s user satisfaction scores are up to 20% higher than industry average. Customers love how fast it is to implement, helping companies realize efficiencies quickly. And once set up, the product is easy to use on a regular basis.
#1 AP Automation Software
Stampli aligns all company employees on the same platform, helps keep track of all invoices digitally and sets up terrific audit trail for approval process.— CEO
Our customers appreciate multiple aspects of the product:
“Intuitive, transparent and powerful, a large volume of the basic data entry is done before you start and the system learns GL associations to vendors, making things even simpler.”
— Senior Accountant
“The AI features are excellent for catching duplicate invoices, and I appreciate that our invoices are being read by a computer, rather than outsourced offshore like much of the competitors do.”
— AP User
Customers Find Stampli Intuitive And Easy To Use
#1 “Easiest to use” AP Automation Software
I can see the entire history of the invoice, from who uploaded it to data entry changes. Our final approver now just needs to do a quick scroll and knows all the answers to their questions!— CEO
Stampli users find the product easy to administer, saves time, improves, efficiency, and more.“The amount of time Stampli has saved me per week is unbelievable! Billy the Bot saves me tons of keystrokes and I can have an invoice entered and sent off for approval in 30 seconds or less!” — AP User
“Stampli allows me to view all steps of the invoice process and shows exactly where an invoice is being held up, so I can quickly pinpoint what I need to do to speed things up.” — AP User
“We love the ability to communicate regarding specific invoices and all of the communication being available in one place.” — AP User
Companies Love Stampli’s Setup and Support
The Customer Service is incredible! We have been using it for four different companies for almost a year and I have not had one instance where I was dissatisfied with the software or the customer service.— AP USER
Stampli aligns all company employees on the same platform, helps keep track of all invoices digitally and sets up terrific audit trail for approval process.— System Administrator
AP Automation Software Comparisons
Satisfaction Ratings for AP Automation
AP Automation Product Comparisons
Implementation and ROI
AP Automation Implementation Index
Outstanding interface— CONTROLLERBEYER MECHANICAL
What do you like best?
There is so much to like about Stampli — the simplicity, speed of transaction processing, interface and customer service are the best in the industry that I have ever seen. The approval process is also fast and efficient. The implementation (from first phone call/ demo to fully implemented) took less than 48 hours and had zero issues! Our prior A/P provider constantly had issues and system outages… we will never go back.
From the very first conversation with a Stampli representative, I felt valued and was fully confident that we were making the right decision for our company. I would recommend Stampli to anyone and be 100% confident that you would feel exactly the same after use.
What do you dislike?
I can honestly say that I have zero dislikes with regard to Stampli and don’t foresee any coming in the future.
Recommendations to others considering the product:
Do yourself your self a huge favor and switch to Stampli immediately!
What problems are you solving with the product? What benefits have you realized?
We implemented the software about a month ago and cut our invoice processing time by over 50% within the first week. It is easier to track late payments, A/P clerk productivity and invoice coding accuracy than ever before.
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