Sourcing from China: A Guide to Finding Reliable Suppliers
Discover the secrets to sourcing from China successfully. Learn about finding suppliers, negotiating deals, and ensuring product quality.
If you're looking to explore the world of accounts payable automation beyond Stampli, this article is for you. We're diving into a thorough analysis of 10 Stampli competitors, offering vibrant alternatives with key features that might fit your needs and pique your interest.
Among the options, we’ll talk about Wise Business, a great business account to help you operate internationally.
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Stampli is a platform that's designed to make the entire accounts payable process simple without needing to rework your organization’s enterprise resource planning (ERP).
Think of it as a communication hub where all the invoice details, spreadsheets, and conversations are stored in one place. It takes all the back-and-forth emails, sticky notes, and phone calls out of the equation and stores everything using cloud-based technology. As an extra, they also offer integrated products for payments.
As you consider improving your accounts payable and maybe even accounts receivable (AR) processes, Stampli is a top contender. But before making the jump, it's always a great idea to explore alternatives as well. Let’s look at some main Stampli competitors so you can make an informed choice.
With Wise Business, you can enjoy a low-cost solution for accounts payable. With Wise Business, you get access to BatchTransfer: Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go.. In addition, the platform lets you receive payments for free in nine different currencies and send money overseas at the mid-market rate.
Wise Business boasts a transparent, pay-as-you-use fee structure. A one-time fee will grant you access to local account details in 9 currencies, and all other fees depend on the transaction. For instance, fees for currency conversions and sending money start at 0.43%.
Looking to save when sending and receiving overseas payments?
Send and receive money
with Wise >>
Tipalti seeks to streamline accounts payable operations for growing businesses of all sizes, especially those that run operations outside the US. With automation at its core, it simplifies payments and reduces human error by managing the whole process from invoice capture to tax compliance.
Tipalti operates on a quote-based model, where the cost is tailored for each individual business.
BILL holds its own against Stampli as a full-featured accounts payable and accounts receivable solution. The all-in-one platform simplifies financial workflows, allowing businesses to stay in control of their finances. While Stampli is a little more advanced, BILL is not as technical, providing multiple products in an easy-to-use manner.
BILL separates their plans by whether you want to pay bills, get paid, or both. If you want to do both, the Corporate plan is priced at $79/user/month. For businesses just looking for one or the other, the Essentials plan is $45/user/month, and the Team plan is $55/user/month.³
MineralTree is a significant competitor in the space of invoice-to-pay solutions, bringing a new level of efficiency and automation to accounts payable tasks. Their end-to-end platform simplifies the complexities related to these processes with their TotalAP and TotalPay products.
Pricing isn’t listed on the MineralTree website, as they customize based on needs and business scale. Businesses will have to request a demo or contact the company for more information.
Veem is a global money transfer platform that is highly capable of helping businesses pay and get paid domestically and internationally. Options include mass pay and being able to pay with debit and credit cards even if the business you’re paying doesn’t accept cards.
For basic capabilities, Veem has a free Basic Plan. Those looking for lower fees and free ACH can opt for the Premium Plan at $14.99/month.⁴
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Invoiced is one of the major Stampli competitors when it comes to accounts payable functionalities. Known for streamlining the entire invoicing process, Invoiced offers robust AR and AP capabilities, especially for the B2B economy.
Pricing is determined by business size and purpose (AR/AP). For small businesses, the accounts receivable solution is $39/month per user, and the accounts payable solution is $29/month per user. For midsize businesses, the accounts payable solution is $49/month per user. All other pricing for midsize and enterprise businesses requires you to contact Invoiced.⁵ ⁶
Frictionless is the name of the game with Billtrust. The Billtrust suite (credit, ecommerce, invoicing, and payments solutions) helps CEOs, CFOs, treasurers, and more automate the entire order-to-cash cycle.
Billtrust requires businesses to schedule a Discovery Call to help figure out if their solutions are a good fit for your AR requirements.
A globally recognized financial technology company, Airwallex is known for handling cross-border transactions. The platform's forex and integration capabilities make it a strong alternative to Stampli, especially for those who do business internationally(see Airwallex alternatives).
While foreign and domestic currency accounts and the multi-currency wallet are free, SWIFT transfers are an extra 15 - 25 USD, and FX conversions come at a percentage above the interbank exchange rate.⁷
Skrill brings some unique capabilities to the accounts payable scene. It notably combines elements of traditional accounts payable systems with the flexibility of digital payment technologies.
Skill’s biggest appeal is that many of their services are free, including opening and using the account. Sending and receiving money is always free when currency conversion isn’t involved.⁸
Payoneer is an ideal platform for businesses looking to improve their global payment processes with a solution that addresses all core AR/AP requirements. You’ll find plenty of capabilities to help both freelancers and ecommerce business owners manage their finances.
Opening and maintaining a Payoneer account is free, but you’ll be charged fees when you make transactions. For many currencies, transactions between Payoneer accounts are free. If you’re paying a non-Payoneer customer, you’ll be charged the exchange rate and up to 2% of the transaction amount. Receiving payments by credit card will also incur a 3% charge, for example.⁹
Wise Business can help you save big time on international payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.
Some key features of Wise Business include:
Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to countries and hold balances in multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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