Vendor Management in Stampli
Stampli’s Vendor Management centralizes vendor interactions, compliance, and data management within your AP workflow, reducing manual tasks and enhancing efficiency.
Streamline vendor relationships from onboarding to payment processing
Stampli’s unified platform for vendor lifecycle management reduces AP workload, minimizes compliance risks, and enhances vendor satisfaction.
What makes Stampli's vendor management different?
Reduced AP workload
Stampli's integrated AP workflow unifies vendor management with invoice processing, eliminating siloed operations and automating manual tasks.
Minimized compliance risks
Our automated compliance system proactively manages document collection, tracks expirations, and sends timely notifications.
Enhanced vendor satisfaction
The self-service vendor portal provides real-time access to invoice statuses, payment details, and communication tools, leading to stronger vendor relationships.
Stampli’s vendor management capabilities
Vendor onboarding
Streamline vendor setup with customizable forms, workflows, and automated document collection. Ensure accurate and compliant vendor information from day one.
Vendor portal
Learn more >
Vendor messaging
Learn more >
Vendor document compliance
Learn more >
Stampli's standard capabilities vs. Advanced Vendor Management
Every Stampli account includes powerful vendor engagement capabilities, but Stampli’s Advanced Vendor Management (AVM) add-on takes vendor interactions to the next level. AVM enhances onboarding, compliance management, customization, and vendor self-service capabilities for businesses seeking maximum efficiency.
Here’s how they compare.
Key features of Stampli’s Vendor Management
Customizable onboarding
Create unlimited onboarding forms tailored to different vendor types with a drag-and-drop editor.
Real-time progress tracking
Monitor onboarding progress in real-time, allowing both Vendor Managers and vendors to track the current stage of the process.
Self-service vendor portal
Vendors can independently manage their information, access invoice statuses, and track payments made via Stampli Card.
Centralized communication
Manage all vendor communications in one place, within the context of each invoice for seamless interaction.
Automated compliance notifications
Automatically send reminders for missing or expired documents to ensure up-to-date vendor compliance.
Secure document management
Collect and store sensitive information securely, with masking after approval by the Vendor Manager.
ERP integration
Automatically import existing vendor information from your ERP system, ensuring data consistency across platforms.
Role-based access control
Assign designated vendor managers to oversee the onboarding process and maintain control over vendor relationships.
FAQ
How does Stampli's Vendor Management reduce AP workload?
Stampli automates many manual tasks, including vendor onboarding, document collection, and compliance tracking. The self-service vendor portal also reduces inquiries to the AP team, freeing up their time for more strategic tasks.
How does Stampli help minimize compliance risks?
Stampli automates document collection, provides expiration notifications, and can block payments for non-compliant vendors. This proactive approach ensures you stay ahead of regulatory requirements and reduces the risk of compliance-related issues.
How does Stampli's Vendor Management enhance vendor satisfaction?
The self-service vendor portal provides real-time access to invoice statuses and payment information. Centralized communication tools and streamlined onboarding processes also contribute to a better vendor experience, leading to improved relationships and satisfaction.
Can vendors update their own information through Stampli?
Yes, vendors can independently manage their contact information, banking details, and other critical data through the self-service Vendor Portal, reducing the workload on your AP team.
Can we customize the vendor onboarding process for different vendor types?
Absolutely. Stampli allows you to create unlimited customizable onboarding forms tailored to different vendor types and specific requirements, ensuring compliance and efficiency.