Financial AI and accounts payable automation provider Stampli has introduced Stampli Procure-to-Pay, procurement software that unifies all procurement processes, documents, and discussions into a single workflow.
Procure-to-Pay is a single platform for everything from purchase requests to purchase order creation to invoice processing and payments—including the conversations between finance team members, employees, and vendors.
The new offering will be generally available to all Stampli AP automation customers in the first quarter of this year.
“Everything happens within Stampli: Every step, every approval, every budget review, and every conversation, in perfect harmony with your ERP,” Eyal Feldman, CEO and co-founder of Stampli, said in a statement. “Stampli adapts to your processes and implements in weeks, not months, giving you complete control without disrupting your business.”
Like all its products, Stampli Procure-to-Pay is powered by Billy the Bot, Stampli’s AI copilot. Billy has nearly a decade of experience processing more than $90 billion in annual spend for 1,600-plus customers, Stampli says.
With Procure-to-Pay, Billy gains new capabilities, including the ability to transform free-text employee requests into the structured data required by finance—keeping things simple for employees so they don’t require any training.
Beyond AI, key platform capabilities include:
- Intuitive portal supporting any type of purchase request.
- Automatic creation of perfectly formatted purchase orders in your ERP.
- “Stampli Trays” for intelligent request handling based on any criteria, such as request value, type, department, or any other field, including custom fields.
- Dynamic and fixed approval workflows.
- Real-time budget tracking and validation.
- Complete audit trail across all activities.
More information about Stampli Procure-to-Pay can be found here.
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Tags: Accounting, accounts payable, procurement, Software, Stampli, Technology
