Stampli Amped February 2024 Webinar Recap

At Stampli, we are always incorporating customer feedback to improve our platform and add new features. With so many enhancements, it can be easy to miss something new. That’s why we created Stampli Amped — to keep you informed on the latest and greatest updates to our platform. In this recap of our February releases, we’ll highlight some of the most exciting capabilities we’ve recently launched. 

Whether you’re new here or a longtime customer, we hope this overview will help you take full advantage of everything Stampli has to offer. Read on to learn more about some of the newest capabilities that will save you time and headaches in your AP processes:

AP Automation

• Update invoice fields in bulk: Now you can update invoice details like GL posting date across multiple invoices all at once. Reap the time savings now that you can make updates in bulk instead of opening up each individual invoice to make changes.
• Skip approvals for POs: If a purchase order is matched to an invoice with the same amount and vendor it will automatically skip approvals to speed up processing. No more wasting approvers’ time on invoices that were already approved with the PO.

Advanced Vendor Management

• Add custom fields to vendor onboarding forms: Tailor your vendor onboarding process by creating custom fields and sections in onboarding forms. You might need different information from each vendor, and this makes it easy to collect the info you need from each vendor, whether that’s a license, contract, preferred payment method, and more.

Direct Pay

• Specify ‘Doing Business As’ subsidiary information: Specify unique “doing business as” (DBA) names and addresses for subsidiaries to help vendors recognize these familiar names on payments.

Stampli Card

• Send Stampli Card details to vendors via a link: Your vendors can now receive Stampli Card payments via a secure link in addition to the Vendor Portal. Reduce friction for vendors when they access the information they need.

• Delegate expense approvals: Approver going on PTO? No problem! Delegate expense approvals to another user so things keep moving and expenses continue to be processed in a timely manner.

• Maintain Stampli Card controls
  • Set a custom expiration date on each virtual Stampli Card for peace of mind and precise control over credit card usage.
  • Set a transaction maximum that can be applied across all physical Stampli Cards. In other words, define your Stampli Card controls once and apply it to new physical cards with just a few clicks.

The 3-2-1: 3 things you missed, 2 time savers, 1 best practice

• 3 things you missed
  • Auto-submit cardholder expenses to approve and process them faster by reducing bottlenecks and process expenses faster.

• Start or skip vendor onboarding in bulk in Vendor Management for more efficiency in onboarding vendors and getting the information you need. 
• Leave a comment on invoices that have already been paid via Direct Pay, and have it logged in the audit trail.

• 2 time savers
  • Split or cut invoices – No need to manually split invoices outside the system. Save time and split multi-invoice PDFs right in Stampli.
  • Batch action approvals or authorization – Approve multiple invoices in bulk from your computer or phone to maximize time savings.
• 1 best practice
  • Use ‘Ask a Question’ – Keep vendors and internal conversations organized on the invoice in the audit trail, which is critical for getting answers to questions quicker.

As you can see, Stampli has been hard at work developing features that streamline your AP processes. Schedule a demo to learn more about these new capabilities that will take your productivity to the next level.