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AP automation platform Stampli launches Stampli Direct Pay

Wednesday 21 October 2020 11:51 CET | News

AP automation platform Stampli has launched Stampli Direct Pay, an extension of its AP Automation platform that will enable companies to pay invoices from inside the Stampli platform via ACH or check from their own bank accounts. 

Paying by check or ACH avoids imposing credit card processing fees on vendors. Stampli Direct Pay is completely optional and Stampli will not require customers to use its payments offering nor will customers have to surrender their vendor payment information, instead retaining full ownership of vendor relationships and data.

Key differentiators of Stampli Direct Pay include:

  • Individual ACH Payment Reconciliation:  Stampli will not withdraw money from a company’s bank in one lump sum, instead, there will be one withdrawal for each invoice-related payment, saving financial professionals hours of time cross-referencing.
  • Customers Own Vendor Relationships & Data: Stampli removes the friction between companies and their vendors by providing a vendor portal for better collaboration where vendors can ask questions about an invoice or update their payment information. Stampli customers retain full ownership of their vendor data which is accessible at any time.
  • Customers Select Payment Method: Stampli will make it easy for customers to pay how they want, using their own bank account for checks and ACH or paying outside of Stampli Direct Pay with other methods.
  • Painless Paper Checks: Stampli automates sending physical checks from a company’s own bank account, handing the printing and mailing, with the added bonus of using the authorised signer’s signature.
  • Simplified payment runs: Stampli provides easy access to all relevant details and supporting documents for seamless payment approvals.

 


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Keywords: Product launch, Stampli, Stampli Direct Pay, AP automation, invoices, payments,
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: United States
This article is part of category

Banking & Fintech