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Stampli

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Stampli is a cloud-based interactive invoice management solution that helps get invoices approved quickly

Mountain View, United StatesFounded 2014Fintech

Valuation $100–250M Last recorded · 2023

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Stampli

Stampli is a technology startup that offers a platform for automating accounts payable (AP) processes. The company's primary service is to streamline and simplify the invoice approval workflow for businesses. This is achieved through the integration of Stampli's platform with a company's existing Enterprise Resource Planning (ERP) system, a type of software that businesses use to manage day-to-day activities like accounting, procurement, and project management.

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Stampli's platform is designed to be user-friendly and easy to integrate, with testimonials from clients such as Beyer Mechanical and Kiva highlighting the speed and ease of implementation. The platform's features include automated invoice capture, coding, approvals, and more, all aimed at making AP processes more efficient and accurate.

One of the unique features of Stampli is its advanced AI, Billy the Bot™, which adapts to a company's unique AP processes and automates manual tasks, thereby reducing the need for manual ERP work. The platform also offers tools for managing vendor onboarding, information, and documentation, as well as analytics and reporting tools for gaining insight into invoices, employee productivity, and AP processes.

Stampli operates on a business-to-business model, serving a wide range of clients from different industries, including mechanical, insurance, and non-profit sectors. The company generates revenue by charging its clients for using its platform and services.

In summary, Stampli is a modern, user-friendly platform that automates and streamlines AP processes, making it an attractive solution for businesses looking to improve efficiency and accuracy in their accounting departments.

Source: Dealroom company data