Stampli Reviews: Pricing, Features, Alternatives (2024)

Stampli is an automated invoice management software that streamlines the payable process. It also helps ensure that companies pay their invoices on time. Businesses of all sizes trust Stampli for its simplicity and flexibility.

In this article, we’ll discuss how Stampli works and the features it offers. We’ll also look at some of its competitors, including Wise Business.

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Table of Contents
What is Stampli? Stampli Reviews Stampli Pricing Stampli Features Stampli AP Automation Stampli Card Stampli Competitors and Alternatives Wise Business for International Payments Tipalti Avidxchange Airbase

What is Stampli?

Stampli is an automated invoicing software. It helps businesses streamline their accounts payable (AP) process. It makes it easy for companies to create, send, and manage invoices. Companies can also track payments in real-time. The software also offers invoice customization options. This helps you make sure your invoices match your company's branding.

Stampli’s main purpose is to streamline the approval process. This makes it easier for businesses to approve or reject incoming invoices quickly and easily. As soon as a company approves or rejects a request, Stampli notifies all relevant parties via email. This helps everyone to stay up-to-date on the status of invoices.

The software also offers notifications for overdue invoices. This helps businesses ensure that they make their payments on time and prevents them from incurring late fees or other penalties. Additionally, Stampli provides detailed reports to its users. Businesses can use these reports to analyze the accounts payable process. They can also use them to identify areas of improvement.

Certainly, larger companies could get great benefit from using Stampli, especially since they help you onboard vendors and then your manage your invoices and bills with them in a central location.

Here are some offerings that set Stampli software apart from the rest:

• "Capture - Provide features to capture invoices such as import or scanning
• Matching - Ability to match AP invoices to POs, contracts, or payments
• Payments - Identify incomplete or late supplier payments
• Workflows - Include workflows for approval and invoice processing
• Include Workflows For Approval And Invoice Processing - Provide integration with accounting and financial management software
• Duplicates - Detects and prevents a wide range of duplicate payments"¹

Stampli's website got these assessments by comparing Stampli to [Tipalti](Tipalti](https://wise.com/us/blog/tipalti-reviews). This is another piece of software that we will discuss later as an alternative to Stampli. On a scale of ten, Stampli scored better in all these categories.

Stampli also ranked in G2’s list of the Top 50 Mid-Market Products Best Software Awards in 2022. We’ll hear more from G2 and users of the website in the next section¹.

How Wise Helps You Make Overseas Payments

Let's take a quick look at how Wise could help your business through transparent fees and low-cost business management tools.

Wise Business	Stampli
Pricing: Free account opening - one-time fee to receive payments in 9 global currencies	Pricing: Schedule a demo
Card: Yes, offers both digital and physical debit cards for you and your team - there is a one-time fee for the card and additional debit cards for your team	Card: Yes, offers both digital and physical credit cards for you and your team
Connections: Yes, offers accounting software connections help you reconcile and manage your business transactions	Connections: Yes, accommodates your specific accounting and purchasing processes integration with your ERP or accounting system.
Instant Payments: Choose payment method by speed and price - try the widget below	Instant Payments: Offers various payment methods
Auto-Conversion FX Rate: Yes, the Wise auto-conversion tool helps you make your payment at your desired rate	Auto-Conversion for FX Rate: Yes, you can automate payments when your target FX rate is met
International Payments: Yes, you get the mid-market rate	International Payments: Yes, fees for FX payments remain unclear
Batch Payments: Yes, free with account	Batch Payments: Yes, schedule a demo
Receive Payments: Yes, receive payments without extra fees in 9 global currencies with a US account. Note: There is a one-time fee to receive 9 local account details.	Receive Payments: No
Team Access/Approvals: Yes	Team Access/Approvals: Yes
API: Yes	API: Yes

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Wise Trustpilot: Excellent - 195,000+ reviews¹
Over 300k+ businesses customers use Wise globally

Stampli Reviews

Stampli.com recommends users check out their reviews on software review site G2. Stampli probably suggests this site because it shows them in a positive light. But it’s still a valuable source for seeing what users think about their services.

As predicted, Stampli has an overwhelming majority of positive reviews. 583 of their 713 reviews on the site give them a five-star review². But G2 categorizes many of the actual reviews as “Incentivized Review” or “Review Source: Seller Invite”.

This means that Stampli asked the reviewer to review their product. Stampli may have also paid or given free items to these reviewers in exchange for their review. Stampli did these things to encourage the reviewers to say positive impressions of Stampli. So these reviews should be taken with a grain of salt.

G2 has a helpful list of pros and cons taken from language reviewers use. 240 Stampli users found that the software was “user friendly”². Other benefits users mentioned, from most to least mentions, were:

• Saves time
• Good customer service
• Helpful user interface
• Good organization²

As for drawbacks, from most to least mentions, users wrote about:

• Technical issues
• Slow operations
• Lack of user-friendliness
• Expense report issues
• Uploading issues²

There were much fewer references to drawbacks than benefits. Again, this is because Stampli influenced reviewers through requests and incentives. But these pros and cons are important to understand perceptions of the software.

G2 prompts each reviewer with a series of three questions:

• What do you like best about Stampli?
• What do you dislike about Stampli?
• What problems is Stampli solving and how is that benefitting you?²

This helps G2 generate its pros and cons list. But it also gives people looking at the reviews a helpful overview of the company.

The first review highlighted on the site comes from user Emily W. She posted a five-star review in July of 2023. It represents her mid-market company of between 50 and 1,000 employees. This review was incentivized and requested by Stampli².

Emily begins her review by talking about how Stampli has increased transparency at her company. In her own words: “Anyone is able to submit invoices for review and processing. Our department managers and directors feel more in control of their expenses and the approval process”².

She also mentions that their accounts payable cycle has decreased from three weeks to a little less than two with Stampli. She got help with her issues quickly from Stampli’s customer support.

The main issue she had was with how long it takes to update vendor lists. But she admits this is more a problem with adjusting to the software.

Emily applauds the fact that Stampli has prevented invoices at her company from going missing. She mentions this was a big issue at her place of work before using Stampli. Now that everything is centralized with Stampli, there is no longer an issue.

Again, this is a review requested and paid for by Stampli. This makes it a bit unreliable. But it is the most recent review on their page as of August 2023². So we should take it as a somewhat reliable gauge of how the software is working for people and companies right now.

Stampli Pricing

It’s difficult to get a price for Stampli from any source. This is because the Stampli cost is tailored to your business needs.

The price of Stampli depends on:

• Company size
• Industry³

It seems like smaller companies of 1-20 employees will have Stampli at the lowest cost. Companies with over 100 employees will probably have to pay the most for Stampli³.

It's important to also note that, according to TrustRadius, Stampli does not offer a free version or a free trial. But there is no setup fee for the service either⁴.

You can get a quote through Capterra by entering some basic information. You can also get a quote from G2 by filling out an online form.

Stampli Features

Stampli has a range of features that make it easy to use and adaptable. Let’s look through some of the highlights.

Stampli AP Automation

Accounts Payable (AP) Automation is the process of automating accounts payable tasks. These are tasks such as invoice processing, payments, and reconciliation. It eliminates manual processes. It also makes it easier to manage invoices, track payments in real time, and ensure that invoices are paid on time.

AP Automation is Stampli’s core feature. It allows businesses to automate the entire accounts payable process. From creating and sending invoices to approving them, Stampli automates these processes.

Stampli Card

Stampli Card is a corporate credit card that can be integrated with the Stampli system. With Stampli Card, businesses don't have to use traditional payment methods such as checks or wire transfers. The card makes it easy for businesses to pay invoices quickly and securely. It also helps keep expenses and company credit cards in check.

Stampli Competitors and Alternatives

While Stampli offers many great services, it’s not perfect. There are many other services out there to help with your invoicing needs. Now that you know all about Stampli, let’s look at some other options that may be better suited to your business.

See the Best Banks for Small Businesses >>

Wise Business for International Payments

Wise Business is a money services business. They specialize in international payments. It offers a range of features, including:

• Batch payments - send money to up to 1,000 different accounts with just one click
• Savings on overseas payments - save up to 2x the cost of payments that involve a currency exchange
• Access levels - assign roles to different employees so you can control who has access to payments
• One-stop-shop services - manage all your payments in one place

Wise Business offers over 40 currencies from over 160 countries. You can also save up to double the cost of international payments compared to other services. This makes Wise Business the ideal choice for companies with clients all around the world⁵.

Looking for a low-cost way to make or receive payments?

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Wise Trustpilot: Excellent - 195,000+ reviews¹
Over 300k+ businesses customers use Wise globally

Tipalti

Tipalti is a comprehensive finance automation platform. It offers features such as:

• AP automation - automate your accounts payable process
• Global partner payments - make payments to vendors and partners in any currency
• Procurement - manage vendor contracts and sale orders
• Integrated expenses - simplify employee expense reimbursement
• Global reimbursements - manage employee reimbursements on a global scale

Tipalti offers a range of features designed to help businesses manage their finances more efficiently. It also provides an intuitive user interface, allowing users to quickly get up and running with the platform⁶.

Learn More: Tipalti Competitors and Alternatives 2023

Avidxchange

Avidxchange is an invoice management platform. It is designed to help businesses process as well as manage invoices. According to their customers, Avidxchange helps companies:

• Save time by automating the invoice process
• Improve productivity by giving them instant access to invoices
• Enable hybrid work by allowing remote access to invoices
• Improve employee satisfaction by allowing them to easily submit and track invoices
• Engage employees in more “value-add” work by freeing up time spent on manual invoice processing

With Avidxchange, you can save time by automating the invoice processing process. You can also store documents in a secure way, track spending in real-time, and receive payment notifications in an instant⁷.

Airbase

Airbase is an automated expense management software(see Airbase alternatives). It offers features such as:

• Guided procurement - making it easier to buy from approved vendors
• Accounts payable automation - which helps to ensure that businesses pay their invoices on time. It also gives them reminders for overdue payments
• Expense management - which makes it easy to keep track of expenses and analyze costs
• Corporate cards - which allow businesses to keep track of employee spending

Airbase allows you to track, approve and manage all employee expenses in one place. It also provides real-time reporting and analytics. This gives you greater visibility into spending patterns⁸.

More than Accounts Payable: The Wise Business Account

Wise Business is especially known for its ability to manage international business. In fact, accounts payable is just one part of how the Wise Business account can help you.

If you have a global team spread across different countries, there's a lot of reasons that Wise Business account can help you. Take a look at the table below for more details.

Other Great Wise Business Account Features:

Mid-market rate: Get the rate you deserve with not hidden fees on transfers Global Account: Send money in 70+ currencies and hold balances in 40+ Batch payments: Send 1000 invoices in one click Wise Business API: Recurring payments and automatic payouts Permissions: Give give different permissions to your team Auto-conversions: Don't like the current currency exchange rate? Set your rate, and Wise sends the transfer at the perfect moment No minimum balance requirements and monthly fees: Learn more about fees here

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Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.

Sources:

1. Stampli: “Offerings” - https://www.stampli.com/stampli/
2. G2: “Stampli Reviews & Product Details” - https://www.g2.com/products/stampli/reviews#reviews
3. Capterra: “Stampli - Get Price Pop-up” - https://www.capterra.com/p/147301/Stampli/
4. TrustRadius: “Stampli Pricing” - https://www.trustradius.com/products/stampli/pricing
5. Wise Business - https://wise.com/us/business/
6. Tipalti - https://tipalti.com/
7. Avidxchange - https://www.avidxchange.com/
8. Airbase - https://www.airbase.com/