Stampli Recognized in the 2023 GartnerĀ® Market Guide for Accounts Payable Invoice Automation Solutions Report
MOUNTAIN VIEW, Calif., Sept. 29, 2023 /PRNewswire/ -- Stampli, the AI-powered Accounts Payable automation solution, is pleased to announce its recognition in the Gartner "Market Guide for Accounts Payable Invoice Automation 2023 Report." According to the report, "The accounts payable invoice automation market continues to evolve as hyperautomation technologies and new entrants increase efficiency in the process. Procurement technology leaders addressing invoice automation should understand how their unique requirements will impact supplier selection."
While the efficiency and cost benefits of accounts payable automation are widely known, the overriding concern for CFOs in choosing a provider is to minimize the disruption of implementation to existing processes and the ERP systems, thus ensuring the fastest time to value. Stampli is built for Accounts Payable teams that want the efficiency of automation, but don't want to rework their ERP or change their existing AP processes. Unlike other solutions, Stampli provides full support for the full range of native functionality for more than 70 ERPs. This lets customers implement in a matter of days, not months, with no disruption to their business.
"The need for accounts payable automation is becoming more and more apparent, as vendors increasingly demand a digital-first experience and finance teams are asked to do more with less," said Eyal Feldman, CEO and Co-Founder of Stampli. "We are delighted by this recognition, and we believe it validates our focus on adapting to the customer's existing ERP systems and AP workflows in order to ensure the full benefits of AP automation are realized as quickly as possible."
To access the complete report (For Gartner subscribers only), read the Market Guide for Accounts Payable Invoice Automation Solutions.
Gartner, Market Guide for Accounts Payable Invoice Automation Solutions, By Micky Keck, Balaji Abbabatulla, Miles Onafowora, Published 7 August 2023
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ABOUT STAMPLI
Stampli is a complete AP automation platform that brings together accounts payable communications, documentation, and payments in one place. By centering communications on top of the invoice itself, AP departments collaborate and communicate better with approvers, vendors, and anyone involved with purchases, allowing approvals to happen 5x faster. Stampli's AI, Billy the Bot, learns an organization's unique patterns to simplify GL and costing-related coding, automate approval and verification flows, identify duplicate invoices, and reduce time spent on manual data entry. Stampli's flexible platform fits seamlessly into any existing processes and integrates with financial systems, including Oracle NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics, SAP, and more. For more information, visit stampli.com.
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