Stampli Named Accounts Payable “Recommended Solution” by Sage

Payroll and Compensation ManagementHRNews

By PR Newswire On May 22, 2023

Stampli,, the AI-powered Accounts Payable (AP) automation solution, is excited to announce that it has been named as a “recommended solution by Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses.

Sage named Stampli a “Sage Tech Partner – Plus,” which means that Stampli is a recommended solution for Sage customers and partners to automate accounts payable for greater efficiency, visibility and control, with full confidence in the extent and depth of Stampli’s integration with Sage Intacct.

“We are excited to collaborate with Stampli as a Sage recommended solution that enables businesses to easily navigate intricate AP processes and complex corporate structures,” said Chip Mahan, Vice President and Global Commercial Head of Fintech, Payments & Banking at Sage. “Sage Recommended Solutions are those in which we have vetted and validated for ease of integration, quality of the service, and superior tech stacks for Sage customers as a complement to their core ERP.”

Even in 2023, accounts payable is still surprisingly manual
According to a 2023 research report by Stampli, 63% of AP and Finance team members surveyed expect the responsibilities of the AP team to increase in 2023, but only 39% expect to add headcount to their AP team. Bottlenecks in AP can create significant business risks, including muddy audit trails that create compliance & regulatory challenges, late or missed payments that make vendors unhappy, and difficulties controlling cash flow — to say nothing of the increased propensity for errors and fraud.

AP automation solves these problems by increasing the capacity and precision of the AP team, and by freeing staff members from routine manual efforts to focus on more strategic tasks. The American Productivity & Quality Center estimates that such automation enables each AP team member to process more than 23,000 invoices per year, as opposed to around just 6,000 invoices per year with manual systems — a productivity increase of nearly 300%.

Stampli is well-known for automating even the most complex multi-entity AP workflows, especially for businesses in healthcare, construction, manufacturing, hospitality and real estate. Stampli’s integration with Sage products such as Sage Intacct extends to all native Sage functionality, making Stampli particularly suitable for multi-entity companies and organizations that prioritize fast deployment or don’t want to change their ERP or existing AP processes.

Key capabilities of Stampli’s AP solution include centralized collaboration, Billy the Bot for smart AI assistance, multi-entity subsidiary support, direct payments, integrated credit cards, and advanced vendor management.

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