Other Alternatives and Competitors to Stampli
Rossum is a cloud-based gateway for automated document communication. The platform helps to instantly organize and process all incoming document traffic, whether it comes through your inbox as a PDF or in your mailbox as a letter.
There are four key steps in document-based processes that Rossum solves all at once. This includes:
- Receiving documents across multiple channels
- Automated understanding
- Two-way communication to resolve exceptions
- Acting on data using in-depth integrations
Rossum is ISO27001 certified and HIPAA compliant.
- Receive documents securely from any channel with all pre-processing included.
- Industry-leading AI turns human-readable into machine learning.
- Automated confirmations with status updates in real-time.
The solution works best for small to medium-sized companies.
- System is so intuitive, any user can learn the basics quickly.
- Easy API integration and self-service portal to instantly monitor processing.
Pricing is custom.
It’s based on the volume of documents processed and the specific mix of features a business requires.
DocuPeak is a document management solution that permits business process automation of data-driven tasks. The system offers functions in contract management, accounts payable, order capture, fulfillment, and more.
A company can easily streamline data extraction and entry to reduce manual intervention and inevitable errors. Project management, service requests, reporting, and any other data-centric process can be modeled and implemented through DocuPeak.
- “Start Document Recognition” is branded OCR tech with AI capabilities.
- Approval workflows determined by user, limit level, or both.
- Basic vendor self-service portal for submitting bills and expenses.
Small to medium-sized companies with a modest volume of suppliers.
- Can be rapidly configured to a customer’s document library and workflow specs.
- Ongoing support and training throughout the entire decision-making and implementation process.
Pricing is custom and based on the volume of documents and transactions.
The platform allows for unlimited users and storage at no extra cost, with free ERP integration, upgrades, and tech support.
DocuPhase is a customizable, document management platform built to eliminate paper-based processes. The solution makes it easier to scan, store, share, and retrieve documents, with full visibility at any time.
DocuPhase helps a business gain control over operations, streamline AP, strengthen cash flow, and tighten up the approval process. Get paid faster by providing customers with frictionless payment options to strengthen business relationships. Data will always be digitally secure and kept at the tips of your fingers.
- Capture, extract, and validate all incoming documents with optical character recognition (OCR) technology.
- Replace all forms and PDFs with an easy-to-use, no-code web form builder.
- Replace manual file-sharing procedures with rule-based, drag-and-drop workflows.
DocuPhase has a wealth of experience to serve all industries and sectors.
Many users are in the accounting, HR, and manufacturing sectors.
- Total system versatility. The ability to create or change a process with very little time or expertise.
- Strong customer service team that’s always there when you need them.
- The pricing for DocuPhase starts at $500.
- There is no free plan or trial available.
Emburse Chrome River
Emburse Chrome River is a globally-focused accounts payable automation and expense management platform designed to solve evolving enterprise needs.
The system is endlessly configurable. It supports 34 languages in nearly every global currency, with deep international tax, VAT, and per diem capabilities.
Emburse Chrome River is good for large and complex expense processing workflows, and is entirely scalable. The intuitive interface works effortlessly to provide full functionality on any device, anywhere, at any time.
- OCR that captures header and line-level details, managed services, and streamlined approval workflows.
- Virtual and physical cards via Emburse cards with spend control and employee travel management.
- ERP integrations with top brands like Netsuite, Microsoft, and Oracle.
It can be a good fit for companies looking mainly for a T&E solution and basic AP functionality.
It best serves mid-market and global enterprises.
- Emburse provides 24/7 support in multiple languages with a lot of visual training tools.
- Simplified completion of expense reports through CR Snap, which can be customized based on company needs.
Three subscription-based pricing models:
- Transaction-based model, priced according to expense report volume.
- Submitter-based model, priced according to an average number of monthly submitters.
- Enterprise-level model that includes unlimited expense reports. Pricing is based on total employee headcount.
Tipalti is one of the only global payables automation solutions to streamline all phases of the AP process in one holistic cloud platform.
Companies looking to scale can trust Tipalti can reduce workload by up to 80%. The system also provides a payment gateway to help your business grow.
The end-to-end solution boasts built-in tax compliance and self-service supplier onboarding. Tipalti helps to centralize payables operations and deliver a white-label experience across the globe.
- Accelerate the financial close by up to 25% with instant payment reconciliation.
- Enterprise-grade controls to increase security, ensure compliance, and improve management oversight.
- Global, performance-based platform for marketplaces, networks, or communities.
Any sized business looking to digitally transform the AP process through automation.
- You can reduce payment error rates by scrubbing data against more than 26,000 rules.
- Supplier portal with instant access to real-time data, streamlining the approval process with a simple click.
There are two plans with varied pricing:
Tipalti Express and Tipalti Pro.
- Express offers straightforward payment capabilities.
- Pro has enterprise features like tax forms, multi-entity payables, and international tax IDs.
Transform the way
your finance team works.
Bring scale and efficiency to your business with fully-automated, end-to-end payables.
Stampli vs Tipalti
What does Tipalti Do?
Tipalti Product Capabilities Overview
Tipalti addresses everything from PO management, supplier onboarding and vetting to tax and regulatory compliance, invoice processing, 2&3-way PO matching, intelligent approval workflows, and payments to suppliers in various payment methods to 196 countries and 120 currencies, supplier payment status communications, payment reconciliation, and reporting.
Tipalti also offers advanced global AP capabilities, such as early payments, multi-entity AP, Multi-FX, and FX-hedging. Tipalti integrates with all major ERPs and accounting systems, syncing with subsidiary GL ensuring payables information is up to date and accelerating financial close by more than 25%.
What does Stampli do?
Stampli is a provider of AP Automation software. Their solutions include invoice capture and coding, internal controls, a collaboration hub, and dashboards. Stampli’s AI capabilities help organizations simplify GL coding, automate approval notifications, and identify duplicate invoices. Stampli’s AP solution supports both PO and non-PO purchases.
TrustRadius’s #1 Accounts Payables Solution:
1st Place – Best Feature Set
1st Place – Usability
1st Place – Customer Support
Features of Tipalti vs. Stampli
Although Stampli and Tipalti both help companies automate their accounts payable processes, each platform is designed with different features and solutions for finance teams. Here’s a look at some of the differences between Tipalti and Stampli.
Global ACH (eCheck), US ACH, Wire, PayPal, Check, and prepaid debit card
ACH, Checks and card only
|Global Payment Coverage||
Paying to 196 countries in 120 currencies
Limited global payment methods
|Touchless Invoice Processing||
OCR (Header and line level scan and capture), machine learning, managed services
Header level only OCR, no managed services
No charge for bill approvers approve bills via email with no login required
Invoices approvers pay a fee of $29/m, login required, cannot approve via email
Integrated procurement and payable solution, helping streamline company purchases, improve spend controls, and reduce AP processing time
No PO management
|Supplier Onboarding and Vetting||
Effortlessly onboard vendors with a client-branded portal, preferred payment method, currency, and payment thresholds. 26K+ rules validate payments, screen against OFAC/SDN lists
Supplier portal to update payment info, but no self-service onboarding and no banking and tax rules validations
|Multi-Entity Payables Reconciliation||
Manage multiple entities in a single instance with a consolidated view, instant reconciliation across entities and payables workflows
Supports multi-entity roll-up view, but payment reconciliation is manual, no multi-entity branding
KPMG approved tax engine, collect W8 & W9 tax forms, collect and validate IRS and VAT tax ID, 1099 & 1042 prep reports and withholding. Validates against 3,000+ rules
No tax compliance
Currency conversions without the complications – save time and money on currency conversions. Also, advanced FX solutions – intercompany bank transfers, FX hedging, payee FX
No FX solutions
Easily generate self-bill invoices as required by government or tax processes and execute payments upon approval
No self billing capabilities
Knowing Which Solution is Best for Your Business
Selecting the AP Automation solution that fits your business’ needs is an important choice, especially for growing teams that need a solution that can scale with their business. Your business may also need specific features such as international payment capabilities, Multi-FX, Multi-Entity, or tax and regulatory compliance. Evaluate these feature differences to help guide your decision.
When to Choose Tipalti?
You are running a hyper-growth business, whether you are scaling domestically or expanding internationally.
If you run a hyper-growth business, whether scaling rapidly domestically or expanding internationally, you need a payable solution with built-in scalability to help future-proof your payable operations. As your company grows, your AP workflow complexities increase, including paying global suppliers, handling multi-subsidiary business payables, and processing many payments. You also need to offer a vast range of localized payment methods to pay your domestic and global suppliers in their preferred payment methods and local currencies.
Tipalti’s end-to-end accounts payable platform future proofs your payables operations, so you don’t have to keep throwing more resources as you grow. Tipalti’s Multi-Entity capability enables payers to manage a large number of entities within the same instance of Tipalti, enabling centralized controls and financial reporting.
Tipalti’s advanced capabilities also include KPMG-approved tax capability for IRS compliance, collecting and validating IRS and maintaining W-9, W-8 series forms, VAT details, generating 1099 / 1042-S preparation reports, and calculating any necessary withholdings.
While Stampli has limited international payout capability, Tipalti can execute fast global payments to 196 countries in 120 currencies. Payments can be made in multiple international payment methods—global ACH (eCheck), wire transfer, PayPal, and prepaid debit card. You can also streamline your FX conversation workflow with advanced FX capabilities such as Multi-FX, FX hedging, and Payee FX optimization.
You want to automate your entire workflow and accelerate financial close.
Accounts payable processing comes with many potential inefficiencies that increase the workload of your AP team, as manual operations increase complexity and slow down the financial close process.
Tipalti makes AP processes invisible by cutting out the manual work and wiping out 80% of the workload managing payables, so you can align your resources to focus on mission-critical activities instead of back-office financial operations. Tipalti enables a complete touchless invoice processing workflow with machine learning (ML) powered OCR technology that captures both the header and line-level details. 2-way and 3-way PO matching allow automated syncing of POs and GDRs from your ERP to Tipalti to complete the PO match flow, helping eliminate overspending and strengthen financial controls.
Tipalti also helps streamline the supplier onboarding process with a self-service, white-labeled portal, enabling faster, more accurate payee data collection and verification. Provide visibility into payment status via a 24×7 multi-language partner portal and proactive automatic payment status emails. Tipalti automatically validates supplier payment data in real-time using 26,000 global banking rules to eliminate payment errors proactively.
While Stampli doesn’t have its own payment rail, Tipalti has US money transmitter licenses in every state to ensure there aren’t disruptions to payer’s payout operations and eliminate the risk of fines and penalties for improper payouts.
You can accelerate financial close by more than 25% as payment methods, currencies, subsidiaries, and geographies are combined and reconciled in real-time for instant visibility. Detailed transaction and reconciliation reports are integrated with your ERP system to provide a consolidated view of all payable accounts.
You want to strengthen compliance and controls and reduce Tax fraud and audit risk.
Since AP involves direct access to cash reserves, it’s critical to institute proper controls and governance. Tax compliance is another crucial aspect as manually collecting and validating tax forms from suppliers is fraught with legal and financial risk.
Tipalti provides granular controls over payables and payment operations to increase the security of sensitive financial data, ensure ongoing OFAC compliance, and improve management oversight of key AP processes. Tipalti enables you to strengthen control with built-in Artificial Intelligence, and Machine Learning constantly improves performance for invoices approvals routing, including the ability to incorporate Fixed Approval Roles.
Tipalti solves the complex, highly-manual process of collecting tax information through digital capture directly during the onboarding flow, ensuring information is validated before payment is ever processed. Help ensure IRS tax compliance with KPMG-approved tax form data validation and withholding calculations. Collect W-9, W-8 tax forms, validate IRS and VAT tax IDs, automatically calculate withholdings and generate 1099 / 1042-S tax prep reports with automated filing.
When to Choose Stampli?
You are a domestic and slower growth business, and you are OK with managing some workflows manually.
Stampli is suitable for slower growth SMBs with simple AP workflows. Therefore, many AP automation capabilities are unavailable via Stampli, so you will need to manage them manually or add several other solutions to round up the AP cycle.
For invoice processing, Stampli’s OCR technology captures only the header-level information but not the line-level details. Stampli charges each bill approver $29 per month, which can quickly add up the cost for larger organizations. Stampli requires approvers to log in to the system to approve bills and does not have an email approval workflow.
Stampli does not have purchase order management capabilities. You will need a different solution to manage the PO process; many AP problems occur during the PO creation process as the decision happens during the PO phase. Without a PO management capability, these inherent AP mistakes can’t be corrected after PO is created.
Lastly, Stampli doesn’t have built-in tax compliance capabilities and tax rules validation to help ensure IRS compliance. You need to manage the vendor tax compliance process outside of Stampli.
You do not run any operations outside of the US.
Stampli has minimal global capabilities to help support your operations outside of the US.
Stampli OCR technology doesn’t support additional languages other than English. So the international invoice processing workflows will remain manual, increasing the finance team’s workloads.
Stampli also does not support multi-entity branded communication. If you manage multiple brands across regions, your payees might not be familiar with the managing entity, which can create confusion.
International payment options are limited. Stampli only offers to pay via virtual card for global payments but does not support other payment methods that global payees need, such as PayPal, Global ACH, and wire transfer.
You do not have a large number of vendors.
Stampli has limited vendor management capability to help you manage a large number of vendors. There is no bi-directionally vendor record sync between Stampli and the ERP, so you will need to manage the payee data updates in both systems.
Stampli doesn’t provide self-service vendor onboarding capability and vendor payment data validations. So you will have to manage these workflows in your ERP.
Stampli does not support vendor W-8 and W9 tax form collection and year-end 1099 and 1042-S prep reports. So you will need to manage vendor tax compliance outside of Stampli.
Lastly, there is no built-in fee-splitting option to help your payees to adopt safer, lower cost, and more efficient payment methods and reduce check usage.
“We would have had to hire at least two more employees to handle supplier onboarding and payments, but now we can refocus the existing team on mission-critical work. With Tipalti, we’re saving two days on our accounting close.”
– Marc Balcke
Corporate Controller, Noom
“Tipalti provides one central hub—suppliers can provide W-8s and W-9s and their preferred payment. I no longer have to chase down documents. The billing process has been significantly easier. Tipalti is a one-stop-shop for all payments.”
– Andrew Jenks
Senior Accounting Manager, Lucidworks
“The system is flexible for dynamically processing invoices with both two-way or three-way PO matching. That process is seamless. I can do it all in Tipalti and automatically know it’s synced back in our ERP system.”
– Cherith Aasen
Staff Accountant, RealWear