Stampli is a leading provider of AI-powered accounts payable (AP) automation solutions, designed to streamline and enhance the efficiency of AP departments across various industries.
Founded in 2015 and headquartered in Mountain View, California, Stampli offers a comprehensive platform that centralizes all AP-related communication, documentation, and workflows. This integration provides businesses with complete visibility and control over their AP processes.
Stampli was established by a team of AP professionals aiming to revolutionize the accounts payable process through automation and artificial intelligence. Since its inception, the company has experienced significant growth, expanding its product offerings and customer base.
As of October 2023, Stampli has raised over $148 million in funding across multiple rounds. The latest, a Series D round, secured $61 million and was led by funds managed by Blackstone, with participation from existing investors such as Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.
Stampli platform is designed to automate and optimize the entire AP process, including:
Invoice Processing: Automates the capture, coding, and approval of invoices, reducing manual data entry and errors.
Vendor Management: Centralizes vendor information and documentation, enhancing compliance and strengthening relationships.
Payments: Facilitates domestic and international payments, as well as card payments, streamlining the payment process.
Stampli regularly updates its platform to introduce new features and enhancements. For instance, the integration of AI capabilities has been a significant development, with "Billy the Bot™" automating various manual tasks within the AP process.
Stampli emphasizes a culture of innovation, efficiency, and customer-centricity. The company is committed to providing solutions that enhance productivity and streamline AP processes for businesses.
Stampli serves a diverse range of industries, including healthcare, automotive, construction, and professional services. The platform is designed to integrate seamlessly with over 70 ERP systems, ensuring broad applicability across various business environments.
Stampli AP Automation
By Stampli
