Tipalti vs AvidXchange vs Stampli

Accounts payable (AP) automation solutions streamline invoice processing, eliminate late payments, and improve cash flow management while reducing errors and fraud.

AP solution providers promise cost savings, efficiency improvements, and streamlined peer-to-peer (P2P) processes. How do you choose the right AP automation provider from the many players in the industry?

The best accounts payable automation solutions simplify complex manual processes and make AP intuitive for employees and vendors. Four criteria separate the leading AP solutions from the rest:

• Ease of Use
• Collaboration and Communication
• Invoice Approval Confidence
• Product Performance

AP solutions from Stampli, Tipalti, and AvidXchange offer features like invoice processing and verification, integration with ERPs, financial systems, and accounting software, automated approval routing, cash management, and more. 

Which one is the best solution for you? To help you decide, we compare each solution’s capabilities, customer satisfaction ratings, and features.

The comparison: Tipalti vs AvidXchange vs Stampli

The three solutions we’re exploring bring a lot to the table. Let’s look at each one.

Who is Stampli?

Stampli, founded in 2015, is the leading accounts payable automation solution. It’s designed specifically for AP departments that want to implement automation without changing ERP workflows or AP processes. Stampli uses artificial intelligence (AI) and machine learning to learn your company’s AP processes and automate and streamline your workflows.

Who is Tipalti?

Tipalti was founded in 2010 as a cloud-based Accounts Payable automation solution provider. It offers a broad range of AP tools for small businesses and medium and large enterprises seeking to simplify their financial processes, including invoice automation, spend management, tax compliance, and payment automation solutions.

Who is AvidXchange?

AvidXchange was founded in 2000. It’s a cloud-based platform that automates accounting processes and streamlines accounts payable processes for mid-market companies. AvidXchange offers automation software and services customized to the specific AP requirements industries like real estate, financial institutions, and construction companies.

Continue reading to discover the features of each of these solutions.

Tipalti vs AvidXchange vs Stampli: Key features

Stampli key features

Stampli simplifies paperless invoice processing, invoice data entry, three-way matching, approval routing, and vendor payments for finance teams. It improves working capital management, saves on labor costs, and turns AP into a strategic driver for business. 

To give AP teams greater control over employee and AP spending, Stampli offers Stampli Direct Pay, an integrated payment solution that centralizes payment methods on a single platform.

• No-code integration with more than 70 ERPs and accounting systems, including Intacct, QuickBooks Online, QuickBooks Desktop, SAP, Microsoft Dynamics GP, Microsoft Dynamics 365 Finance, Microsoft Dynamics Business Central, Oracle NetSuite, and more.
• Learns and optimizes complex invoice approval processes (multi-approver, multi-location, multi-category, and multi-subsidiary) with custom approval flows.
• Stampli Insights provides real-time spend data and analytics for improved visibility and control over expenses.
• International bill payments in USD or local currency to suppliers in over 150+ countries with integrated FX management tools.
• Doesn’t contact vendors to pressure them into accepting payment methods.
• Simplified vendor onboarding, management, and collection and maintenance of vendor information such as payment methods, bank account details, and address.
• Detect and prevent errors and fraud with automated 3-way matching, duplicate invoice detection, and audit trail creation.
• Customized user roles with automated enforcement of internal controls and segregation of duties.

Tipalti key features

Tipalti provides payment and AP automation solutions with customizable features, internal financial controls, tax compliance, fraud detection, and business payment capabilities.

• Automated invoice processing, PO matching, vendor payments, and reconciliation.
• Fraud controls, including automated enforcement of policies and internal controls, audit trail, error detection, and role-based security.
• PO requisition management to help companies manage purchase orders and control spending.
• Proactively engages vendors to promote payment methods.

AvidXchange key features

AvidXchange’s cloud-based, end-to-end AP automation software platform is based on three functional themes: purchase-to-pay automation, automated approval and payment processing solutions, and invoice management.

• Automatically performs OFAC (Office for Foreign Asset Control) checks on vendors during onboarding and before each payment run.
• Expedited supplier payments to US vendors in the AvidPay membership network.
• Integrates with industry-specific business systems like Rent Manager, MIP Fund Accounting, and Yardi and with ERPs like QuickBooks Online, Sage Intacct, NetSuite, and MRI Software.
• Can approach your suppliers to enroll them in AvidXchange payment solutions.

Pricing 

If you’re looking to choose the right AP automation solution for your business, it’s important to consider pricing as a major factor. However, many providers don’t publish their pricing models or only offer partial pricing information, making it challenging to make an informed purchase decision. It’s essential to have access to complete and transparent pricing information to make the best choice for your business.

• Stampli offers simple monthly or annual pricing with unlimited users, vendors, and training.
• Tipalti Tipalti charges a monthly fee for access to its basic platform. It requires customers to pre-fund payment accounts before they can pay vendors and charges additional fees for added modules, features, and advanced functionality.
• AvidXchange doesn’t post pricing information on its website. Its prices are by quote only.

When you’re deciding on an AP automation platform for business, ask for details about their pricing, including how the pricing is applied (per month/user/invoice), the length of the contract (monthly vs. yearly), how many users, locations, or entities are included, what services are included, and what fees they charge for additional services. 

Customer satisfaction

Based on user reviews, the G2 Satisfaction Score for AP Automation measures customer satisfaction with AP automation solutions. It evaluates how well solution providers satisfy users’ needs. The score measures customer satisfaction in four categories:

• Implementation: How easily can you implement the solution?
• Usability: How easy is the solution to use?
• Relationship: How well does the solution provider build customer relationships?
• Results: How well does the solution deliver results?

By comparing each AP automation provider’s Satisfaction Scores, you can quickly identify the product that provides the best customer experience based on feedback from actual AP automation users.

Let’s dig into the scores for Tipalti, AvidXchange, and Stampli.

Implementation Index

The Implementation Index comprises three scores: Ease of Setup, User Adoption, and Time to Go Live.

Of the three competitors, Stampli scored significantly higher in Ease of Setup, indicating it is the easiest solution to implement. Stampli also scored higher than the AP automation industry average for User Adoption and Time to Go Live – reinforcing its industry-leading reputation for fast deployment, implementation, and user adoption.

Usability Index 

Stampli is also a leader in the Usability Index, scoring higher than Tipalti and AvidXchange for Ease of Use and Ease of Admin, another indication of Stampli’s popularity among AP teams.

Relationship Index 

Stampli earned the overall “Best Relationship” score for its industry-leading ratings in Quality of Support, Ease of Doing Business, and Likelihood to Recommend – the likelihood Stampli users would recommend Stampli to a colleague.

Results Index 

Stampli earned one of the highest “Best Results” scores for its estimated return on investment. Stampli also scored higher than Tipalti and AvidXchange in the Meets Requirements category, reflecting how well Stampli’s AP automation consistently delivers results for customers.

When to Choose Stampli

If you need a robust and user-friendly accounts payable solution that doesn’t require any changes to your current ERP system, then Stampli could be your ideal choice. Stampli won’t get in the middle of your vendor relationships – no one will call your vendors and pressure them to accept specific payment methods. 

With its exceptional customer service, advanced automation capabilities, industry expertise, seamless integration with business systems, and transparent pricing, Stampli has established itself as the leading option for AP automation.

You need seamless integration with your ERP

Stampli’s philosophy of ERP integration is unique in the industry. It pre-builds integrations for  ERP, finance systems, accounting software, and dealership management solutions in-house. As a result, Stampli supports the full range of functionality for a wide range of businesses across all industries, including complex multi-entity corporate structures and those in highly regulated industries such as healthcare. 

The pre-built integrations can be deployed in days, not weeks, with no need to hire developers, adjust existing processes, or reconfigure existing business systems. It also allows Stampli to support customers that migrate from one ERP to another with no disruption of service.

Stampli provides live setup assistance and 24/7 customer support from AP and ERP experts. It integrates with ERP in three ways:

Pre-built integration: Fast and easy no-code integration via an application programming interface (API) that’s great for cloud applications. 

File integration: Uses customized file templates (created by Stampli) to import and export files easily with any on-premise or cloud ERP or accounting system.

Process integration: Support for existing processes requiring manual data entry or other specialized workflows.

You want best-in-class customer support

An industry leader in Accounts Payable automation software, Stampli receives top customer satisfaction scores in the G2 Grid® for AP Automation software. Stampli has been awarded for customer service, corporate citizenship, and excellence, including: 

• No. 2 in the G2 list of Best Accounting and Finance Products for 2023.
• Recognized By Forbes As One Of America’s Best Startup Employers Of 2023
• Best Accounts Payable Automation Solution, 2022 Fintech Awards.

Numerous case studies from happy customers and independent user reviews recognize Stampli for excellence in areas such as:

• Easy to use, intuitive interface
• Fast implementation and onboarding
• Good AI/OCR for extracting invoice data
• Integration with accounting software like NetSuite and QuickBooks
• Streamlined workflows and approvals
• Audit trail providing transparency
• Reporting capabilities
• Excellent customer support

You want simple and centralized invoice management

Stampli’s AI-powered assistant, Billy the Bot™, is designed to learn your Accounts Payable (AP) processes and eliminate manual invoice capture, GL coding, 3-way matching, approvals, and fraud detection tasks. Stampli gives businesses more control over AP processes by centralizing all communications, documents, and tasks on top of the invoice. 

For enhanced functionality, Stampli complements its AP automation solution with a suite of integrated services. These include credit card programs (Stampli Card), domestic and international payment solutions (Stampli Direct Pay), and employee expense management (Stampli Expenses).

When to Choose Tipalti

Tipalti simplifies payment processing and automates accounts payable for businesses. The platform provides a simple interface, internal controls, tax compliance, and global payment processing capabilities.

You are expanding into global markets

Tipalti promotes payment automation services for businesses needing to pay international suppliers. Their solution includes a centralized payment platform, payments to 196 countries, financial controls, and various payment methods. Note that Tipalti requires clients to pre-fund a payment account before they can begin processing payments. If managing cash flow is a concern, consider a solution that gives you more control over your funds.

Tipalti also offers an FX hedge service to help businesses manage currency fluctuations. However, customers may prefer more certainty in managing their FX exposure and may want to consider a more flexible solution such as Stampli International Payments. 

You want a customizable AP automation solution

Tipalti offers a customizable solution with features such as a white-labeled, brandable supplier portal, automated vendor communications, ERP integration, and customized approval routing. However, customer reviews on independent software review sites like Capterra and G2 mention concerns like slow implementations, a steep learning curve, and difficulty integrating ERP and business systems with the platform. If user-friendliness is a high priority for you, consider an alternative solution.

When to Choose AvidXchange

AvidXchange aims to enhance financial processes by improving efficiency, visibility, and control. They bring experience and flexibility to provide tailored accounts payable solutions for various industries.

You want an industry-specific solution for real estate

AvidXchange offers customized payment and AP processing solutions for real estate businesses (AvidSuite for Real Estate), financial services (AvidAccess), and other industry sectors. These solutions may be a good option if you’re in one of these target industries; however, consider another provider if you want a comprehensive and flexible accounts payable solution.

You want access to an existing supplier payment network

AvidXchange offers membership in the AvidPay payment network of over 900,000 suppliers in the United States. AvidPay promises to expedite supplier payments for businesses with suppliers in the network. However, because it only includes US suppliers, there may be better solutions than AvidPay if you have overseas vendors. According to their terms of service, AvidXchange can also approach your suppliers to enroll them in AvidXchange payment solutions.

Stampli: The #1 choice for AP automation

Are you tired of the hassle of workarounds, spreadsheets, and manual ERP work when it comes to managing AP? Simplify and streamline your AP workflows with Stampli.

Stampli leverages AI technology to optimize your existing AP processes. All communication, documentation, and workflows are centralized in Stampli’s user-friendly interface, making AP management effortless. With Stampli, you can implement AP automation in days without changing your existing workflows, ERP, finance systems, and accounting software.

Empowered with intelligent features like Billy the Bot™ you can streamline and optimize manual tasks and get real-time visibility and control over your AP spending.

Stampli’s versatile suite of integrated products and compatibility with over 70 ERPs make for swift deployment, helping companies like the New England Security Protective Services Agency (NESPSA) process invoices 5x faster and eliminate late payments.

Want to learn more about how Stampli can help your invoice and payment management workflow? Contact us today for a free demo and see why Stampli is the best choice for AP automation.