12 BEST Stampli Alternatives and Competitors in 2024 [UPDATED]

Review and compare the top Stampli Alternatives and Competitors with features, ratings, and pricing to select the best Stampli Competitors of your choice:

When it comes to powerful AP automation technology, Stampli is right there at the top. The tool has earned immense respect among finance professionals for its ability to simplify the accounts payable process. You can both capture invoices in real time and streamline the entire invoice approval process so everyone on your team is on the same page.

There is simply so much to love about it. Yet, it isn’t without its flaws. For starters, Stampli is not at all suitable for small operations.

Some users feel that the importing and exporting aspects of the software are unnecessarily complex. There are also others who’ve shared their complaints on how difficult it can be when sorting and selecting approved invoices on the basis of payment terms.

Best Stampli Competitors & Alternatives

Needless to say, Stampli is not everybody’s cup of tea. Fortunately, Stampli isn’t the only software out there with excellent AP automation capabilities. In this article, we will introduce you to the top other alternatives that more than make up for Stampli’s shortcomings regarding features, usability, and overall functionality.

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So without much further ado, let’s get started with the article on Stampli Competitors.

Frequently Asked Questions

Q #1) What is AP Automation?

Answer: Simply put, AP automation is the process of automating the otherwise complex and tedious accounts payable process. AP Automation aims to minimize human intervention and thus keep human errors at bay during the accounts payable process. Automation of the AP process is achieved via software like Stampli.

Q #2) Why is Accounts Payable Automation important?

Answer: There are many prominent benefits to accounts payable automation.

Some prominent advantages include:

• Time Efficiency
• Less risk of human error
• Savings costs
• Excellent data visibility
• Easy Compliance and Monitoring
• Better teamwork
• Vendor Satisfaction
• Streamlining the accounting process.

Q #3) How do you digitize Accounts Payable?

Answer: You can digitize the account payable process by following the tips below:

• Choose automated invoice processing over its manual counterparts.
• Facilitate invoice routing and approvals with workflows.
• Automate the process of invoice matching and verification.
• Avoid manual ledger coding.

Most of these can be done with a good AP automation tool. We have recommended some of these tools that are the very best the market has to offer in the AP automation department.

Q #4) What is the best AP Automation Software?

Answer: There are many AP automation software out there that can give popular tools like Stampli a run for their money. The following tools are some of the best AP automation solutions you can get your hands on today:

• PairSoft
• PaperSave
• AvidXChange
• Tipalti
• Altec

Q #5) What is the market size of AP automation?

Answer: The global accounts payable automation market size was worth $2.6 billion by the end of 2022. The market is expected to bloom even further in the next 10 years.

List of the Best Stampli Competitors

Popular list of Top Alternatives of Stampli:

1. PairSoft
2. PaperSave
3. Helcim
4. DOKKA
5. AvidXChange
6. Tipalti
7. Altec
8. Docuware
9. KwikTag
10. Paymerang
11. Metaviewer
12. MineralTree
13. PN3
14. DocStar

Comparing Some of the Top Stampli Alternatives

Detailed Review:

#1) PairSoft

Best for AP Automation and Document Management.

When you consider full-fledged AP automation and payments, PairSoft is way ahead of Stampli. PairSoft also comes jam-packed with a plethora of advanced features that are simply missing in Stampli. PairSoft facilitates higher PO capabilities and customization. The software is also far more efficient in its ability to file documents and extract data.

Furthermore, PairSoft also arms its users with the tools needed to streamline team workflows. This software can help you bolster collaboration across departments and devices. It enables seamless remote work through excellent routing and approval pathways. PairSoft also integrates with almost all major ERPs like Oracle NetSuite, Sage Intacct, Microsoft Dynamic, etc.

Features:

• Real-Time Batching
• PO Capability and Customization
• Currency Conversions
• P2P Process Automation

Pros:

• Gives you full control and visibility over your data
• Streamlined team workflows
• Intelligent data capture and retrieval
• Easy auditing and agile approval

Cons:

• Nothing significant

Verdict: PairSoft with more AP-centric functionality and customization leaps and bounds above Stampli. This is an AP automation software for those who seek an AI-based solution that offers full workflow optimization, PO, and invoicing benefits.

Price: Contact for Quote

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#2) PaperSave

Best for direct integration with ERPs.

With PaperSave, you get a hybrid document management and AP automation solution that can be deployed on the cloud or on-premise. What makes it better than Stampli is its ability to directly integrate with ERPs like Microsoft Dynamics and Blackbaud. This ability of PaperSave grants its users the privilege of accessing valuable documents right from their ERP with a single click.

The software also ensures consistent workflows to make sure the approval process is seamless. However, where PaperSave truly shines is in the document capture department. The software supports all types of document capture methods. The software also uses intelligent OCR, which makes it capable of easily capturing new document formats.

Features:

• State-of-the-art Document Capture
• Data Validation
• Integrate with the most popular ERPs
• Automatic indexing of information in documents

Pros:

• You can capture any type of document
• Easy data retrieval
• Simplified approval process
• Seamless ERP integration

Cons:

• Nothing significant

Verdict: There are many aspects to PaperSave that make it immediately better than Stampli. For instance, it’s quite efficient in capturing documents and storing them in a secure, centralized repository. It also arms users with electronic workflows that can be used to streamline critical business processes.

PaperSave is truly remarkable both as an AP automation and document management solution.

Price: Contact for a quote

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#3) Helcim

Best for POS Set-up and invoicing.

With Helcim, you get a platform that offers seamless payment processing capabilities. The platform is bolstered with capabilities, each designed to make the process collecting payments as seamless as possible. For starters, the platform helps you generate and send invoices for free in an instant. Besides this, you can set-up a merchant account to accept payments via debit and credit card.

Helcim also helps you set up a virtual terminal to charge customer online. Moreover, Helcim comes as an Android and iOS app that can help businesses collect payments on the go. The platform also helps you create and launch hosted payment pages as well. These pages can integrate seamlessly with a website and help with customer registration, setting up recurring payments and creating shopping carts.

Features:

• Invoice Automation
• Set-up virtual tunnel
• Point-of-Sale set-up
• Launch hosted payment pages

Pros:

• Integrated inventory
• Transparent pricing
• Strong integration with other third-party apps

Cons:

• Not ideal for businesses with low sales volumes

Verdict: If you seek an all-inclusive payment processing platform that features a virtual terminal, facilitates credit card processing, helps you set-up a POS system, and automates invoicing, then you’ll find Helcim best suited for your business.

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#4) DOKKA

DOKKA offers significant advantages over Stampli. Notably, DOKKA boasts an advanced automatic invoice data extraction system, driven by cutting-edge AI-based technology. This feature ensures accurate data capture from diverse document types.

DOKKA also stands out with its automatic document indexing, simplifying data management and facilitating quick retrieval. Its search functionality is not only fast but also intuitive, allowing users to swiftly access specific documents and data.

Data security is a paramount concern, and DOKKA addresses this comprehensively by enabling user-based roles and permissions. This ensures that only authorized individuals access and interact with securely stored data, crucial for protecting sensitive financial information and maintaining compliance with data privacy regulations.

In comparison, Stampli offers its own set of features, but DOKKA excels in data extraction, search capabilities, and robust data security. These strengths make DOKKA the preferred choice for businesses seeking efficient and secure accounts payable automation.

Features:

• AI-Powered Invoice Processing
• Virtual Desk
• Automated Approval Flows
• Google-Like search functionality
• Go live in days

Pros:

• 7 second invoice processing
• Directly integrated with top accounting systems
• Usage-based Pricing
• No lock-in contract, pay as you go

Cons:

• Nothing of significance

Verdict: DOKKA provides a robust, comprehensive, and collaborative solution that suits your entire accounts payable team, regardless of their expertise. It seamlessly integrates with your entire accounting system, streamlining and expediting your accounts payable processes.

Price: You can schedule a complimentary 30-minute demonstration using the link below, and the DOKKA team will be able to provide you with a price quote.

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#5)AvidXchange

Best for end-to-end accounts payable automation.

With AvidXchange, your accounting team gets a complete invoice management and payment automation suite. The software can serve as a great alternative to paper-based invoicing and help you avoid all the inefficiencies that come with the traditional process. Software, for example, can help you receive, track, and approve invoices directly from workflows.

Another thing is its ability to seamlessly integrate accounting solutions. Currently, the software supports over 220 integrations between itself and other popular accounting systems.

Features:

• Seamless Workflow Management
• Customizable Reports
• Compliance Management
• Invoice Management

Pros:

• Offers flexible payment options
• Considerably streamlines AP processes
• Helps you electronically manage sensitive bank account data
• Increased visibility into invoice approval and payment

Cons:

• The customer support team needs to be more responsive

Verdict: AvidXchange offers you a complete AP automation package that is purpose-built to support industries like real-estate, financial services, media, healthcare, etc. It is quite good at helping you minimize AP spend and streamlining workflows and the entire AP process itself.

Price: Contact for a quote.

Website: AvidXchange

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#6) Tipalti

Best for built-in tax compliance.

Tipalti offers you a holistic cloud platform that can streamline almost all phases of the AP process. Besides facilitating end-to-end management of the AP process, the software also comes with a built-in tax compliance system. Furthermore, the software also provides you with a payment gateway that can be used by your business to scale without a hassle.

The software also facilitates instant payment reconciliation. However, the best part about Tipalti is hands-down its global payment system. The software ensures fast and accurate payments are made across 196 countries in 120 currencies.

To ensure there are no errors in payments, the software leverages more than 26000 built-in rules that proactively detect and remove errors.

Features:

• Touchless Invoice Processing
• Built-In Tax Compliance
• 2 and 3-way PO matching
• Payment Reconciliation
• Streamlined Supplier Management

Pros:

• Advanced OCR to capture accurate invoice data
• Built-in approval and payment processing
• 6 different payment methods supported
• Seamless ERP system integration

Cons:

• Reconciliation reports can be difficult to comprehend

Verdict: Tipalti’s AP automation solution can streamline several key aspects of your business’s day-to-day operations. We recommend this software to any business that wishes to digitally transform its AP process from beginning to end through automation.

Price: Contact for Quote

Website: Tipalti

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#7) Altec DocLink

Best for automatic document indexing.

Altec’s AP automation solution packs the same merits that most reputable software today possesses. It facilitates direct integration with the most popular ERPs out there. Besides this, the software can be used to save time and money, and avoid errors that commonly occur when executing the AP process.

For starters, the software can accurately capture and index data from every document that comes into the business. Data can be captured from all types of documents with no errors whatsoever, thanks to an intelligent built-in OCR.

Features:

• Document Management
• Assign User Permission roles
• Intuitive search and filtering
• Collaboration tools

Pros:

• Can eliminate approval delays
• Minimizes data entry errors
• Self-service document access

Cons:

• Some users may find the tool a tad bit expensive

Verdict: Altec’s DocLink is a document management software that streamlines and automates transactions throughout AP processes. It’s easily one of the finest Stampli competitors you’ll find in the market today.

Website: Altec’s DocLink

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#8) DocuWare

Best for Workflow and Invoice Process Automation.

DocuWare can rapidly digitize your entire AP process. It does so by helping you create digital invoices with appropriate indexing. The data in these invoices are then securely stored for easy retrieval in the future.

You also get the option to use pre-configured workflows or straightforward processing to expedite payments and approval routing. In fact, you can set up automated approvals based on parameters like vendor, amounts, and other data.

Features:

• Document Management
• Workflow Management
• Invoice Process Automation
• Intelligent Indexing

Pros:

• Excellent automation
• Cut audit-prep time in half
• Integrate with Outlook and Oracle

Cons:

• Lack of documentation and training material

Verdict: If you wish to expedite, streamline, and considerably digitize your AP processes, then DocuWare is the platform for you. Its ability to set up criteria-based approval rules for smooth automation is what made me include this tool on my list. This is definitely one of the best competitors to Stampli out there.

Price: Contact for price or free demo.

Website: DocuWare

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#9) KwikTag

Best for AI-Powered OCR.

KwikTag grants you complete visibility and control over your entire AP process with streamlined workflows and intelligent approval routing. The software can cut down your invoice processing time considerably. The software also ensures your AP processes are meeting the expected compliance and regulatory standards.

By far the best aspect of KwikTag is the AI-powered OCR that facilitates error-free touchless invoice processing. With this feature alone, KwikTag can reduce your organization’s invoice processing time by about 80%.

Features:

• Cloud AP Automation
• AI-OCR
• Document Management
• Integrate with Dynamics GP and D365.

Pros:

• Easy to set up
• Fast cloud deployment
• Usage-based pricing
• Automatic feature updates

Cons:

• Need better customization capabilities.

Verdict: KwikTag is impeccable at streamlining invoice workflows and helping get greater visibility into your AP process. Its AI-powered OCR is what truly distinguishes it from similar solutions in the market. It is quite great at facilitating error-free automation AP processing.

Price: Contact for a quote

Website: KwikTag

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#10) Paymerang

Best for excellent payment automation.

Paymerang offers its users payment and invoice automation software that leverages AI and ML technology to offer exceptional AP automation services. The software arms you with all the tools you need to expedite the process of invoice creation and approval.

It can effectively digitize the entire payment process right from payment delivery and reconciliation to eventual follow-up. Besides accounts payable, Paymerang also serves as an efficient receivables automation solution. This can be used by vendors to streamline the entire billing and cash application process.

Features:

• Payment Automation
• Invoice Automation
• AI-Powered Finance Automation
• Electronic Routing

Pros:

• Automated invoice capture
• Get instant access to all invoices
• Encrypted account data

Cons:

• A mild learning curve involved

Verdict: Paymerang’s AI-powered automation is worth noticing. There is a mild learning curve involved but the user-friendly interface will help you get the hang of this software in no time. The software is excellent at both invoice and payment automation.

Price: Contact for a quote.

Website: Paymerang

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#11) MetaViewer

Best for AP and Payment Automation.

MetaViewer is able to digitize the entire AP process by leveraging robotic process automation. It leverages this technology to facilitate touchless invoice processing, workflow automation, and intelligent recognition.

MetaViewer’s use of RPA technology allows it to capture, read, and index transaction data. The software can also automate workflows for PO and non-PO invoices. Furthermore, the software is quite good at streamlining the entire payment process with end-to-end automation.

Features:

• Document Capture
• Workflow Automation
• Invoice Process Automation
• Instant data retrieval

Pros:

• Two and three-way PO matching
• End-to-end payment automation
• Microsoft ERP integration

Cons:

• Some users have reported issues recognizing credit memos and returns.

Verdict: MetaViewer’s dependence on RPA technology makes it quite efficient in streamlining several tedious aspects of the AP process. It will impress you with touchless invoice processing, seamless ERP integration, and intuitive payment automation.

Price: Contact for a quote

Website: MetaViewer

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#12) MineralTree

Best for simplified reconciliation.

MineralTree is another one of those tools that excel with its end-to-end AP automation capabilities. It considerably simplifies the reconciliation process. Instead of reconciling individual payments, MineralTree lets reconcile only once for each payment.

You also get complete visibility and control over your entire AP process. Add to that, you also benefit from real-time analytical data that can be used to control spending. The AP automation itself is quite impressive. You get to process invoices faster with little to no errors.

Features:

• Real-time analytics
• Easy auditing
• Approval Process Control
• Bank Reconciliation
• Cash Management

Pros:

• Easy Integration
• Easy to deploy and set up
• Improved workflow efficiency

Cons:

• Some users did complain about going through a steep learning curve.

Verdict: MineralTree does what all good AP automation solutions do. Like Stampli, it can increase the efficiency of your AP processes and also improve your business relationships. Its ability to simplify reconciliations earns it a place on my list.

Price: Contact for a quote

Website: MineralTree

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#13) PN3

Best for rapid AP Digitization.

PN3 is a software that can rapidly digitize your AP process from beginning to end, and thus reduce the costs associated with the process. The software truly shines with regard to its support of both PO and non-PO invoicing. Easy automation also means the software is good at facilitating electronic expense reimbursement, payment requests, and more.

Features:

• Vendor Invoice Management
• Payment Request Facilitation
• Credit Card Reconciliation
• Email Alerts and Reminders

Pros:

• PO and Non-PO Invoicing Supported
• Electronic Payment requests
• Paperless Coding

Cons:

• Needs a better fully-fledged customer support system

Verdict: PN3 made it to the list because of its emphasis on AP digitization. From seamless invoice automation to creating electronic expense reports, PN3 can assist you a great deal with respect to AP automation.

Price: Contact for a quote.

Website: PN3

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#14) DocStar

Best for 2 and 3-way Invoice Matching.

DocStar gives you a 360-degree view of your entire AP process. You and your finance team get all the tools you need to automate the whole process from beginning to end. It lets you leverage automated workflows and electronic forms to streamline key AP processes. Add to that a simple ERP integration system and you’ve got yourself a great AP automation tool.

Features:

• Intelligent Data Capture
• Document Management
• Workflow Automation
• ERP Integration

Pros:

• Easy to deploy and use
• Secure global access to data from any device
• 2 and 3-way matching

Cons:

• Some users feel its price is too high.

Verdict: With DocStar, you get a scalable AP automation solution that is easy to set up and implement. It facilitates seamless ERP integration and streamlines the entire approval process.

Price: Contact for a quote.

Website: DocStar

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Conclusion

In hindsight, Stampli can easily be labeled as one of the finest AP automation solutions. It is still not without its flaws. For instance, it cannot integrate with the most popular ERP solutions. Stampli also might not meet the requirements of small businesses and start-ups. This is why it is always advisable to keep your options open.

There are many tools out there that are either equally as great or better than Stampli in some ways. Based on my own personal experience, we’ve recommended the top such tools above that you can consider as an ideal alternative to Stampli.

As for the recommendations on Stampli Competitors, we would suggest you go with PairSoft or PairSoft’s very own PaperSave for its excellent AP-centric functionality and customization.

Research Process:

• We spent 15 hours researching and writing this article so you can have summarized and insightful information on which Stampli Competitors would best suit you.
• Total Stampli Competitors Researched: 35
• Total Stampli Competitors Shortlisted: 12