AvidXchange
AvidXchange provides automated accounts payable and payment solutions that help mid-market businesses digitize their entire invoice process and make secure electronic payments to their suppliers.
Stampli
Stampli is an accounts payable automation software that brings AP communications, documentation, and payments together in one place to give you complete control over your financial workflows.
Quick Comparison
| Feature | AvidXchange | Stampli |
|---|---|---|
| Website | avidxchange.com | stampli.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2000 | 2015 |
| Headquarters | Charlotte, USA | Mountain View, USA |
Overview
AvidXchange
AvidXchange helps you transform your manual accounts payable process into a fully automated digital workflow. You can eliminate paper invoices and manual data entry by using their intelligent OCR technology to capture invoice data automatically. The platform routes these invoices through your custom approval workflows, ensuring you maintain control and visibility over your spending from any device.
You can also streamline your outbound payments by choosing from multiple electronic options like virtual cards and ACH. The software integrates directly with your existing accounting system, so your financial data stays synchronized without manual reconciliation. It is specifically designed for mid-market companies looking to reduce processing costs and protect against payment fraud while maintaining strong supplier relationships.
Stampli
Stampli is an accounts payable automation platform that centers your entire invoice process around the invoice itself. Instead of chasing approvals through messy email threads, you can communicate with teammates and vendors directly on the digital invoice. This unique approach eliminates silos and ensures everyone has the context they need to approve payments faster.
You can automate manual data entry using Billy the Bot, an AI assistant that learns your accounting patterns to suggest coding and routing. The platform integrates deeply with your existing ERP or accounting system, ensuring your financial data stays synchronized without manual uploads. It is designed for mid-market companies that need to scale their finance operations while maintaining strict internal controls and audit trails.
Overview
AvidXchange Features
- AvidInvoice Receive, track, and approve invoices electronically using intelligent data capture to eliminate manual entry and paper filing.
- AvidPay Execute secure electronic payments to your suppliers through a dedicated network of over 1.2 million enrolled vendors.
- Custom Approval Workflows Design automated routing rules that match your existing business hierarchy to ensure every invoice gets proper authorization.
- Purchase Order Matching Automatically pair your invoices with purchase orders to verify accuracy and prevent overpayment or duplicate billing.
- Supplier Services Let a dedicated team manage your supplier data and payment preferences so you don't have to.
- Real-time Reporting Access detailed financial insights and track your liabilities in real-time to make more informed cash management decisions.
Stampli Features
- Billy the Bot AI. Automate your data entry as the AI learns your chart of accounts to suggest accurate coding and approval routing.
- On-Invoice Communication. Chat with your team and vendors directly on the invoice image to resolve discrepancies without leaving the platform.
- Stampli Direct Pay. Pay your vendors via ACH, check, or credit card directly from the interface while maintaining your existing bank relationships.
- Advanced Vendor Portal. Give your vendors a self-service portal where they can upload invoices and check payment status without calling your office.
- Multi-Entity Support. Manage accounts payable across multiple subsidiaries or locations from a single login with consolidated reporting and controls.
- Audit-Ready Documentation. Access a complete history of every action, comment, and attachment linked to an invoice to make your audits effortless.
Pricing Comparison
AvidXchange Pricing
Stampli Pricing
Pros & Cons
AvidXchange
Pros
- Significant reduction in manual data entry time
- Seamless integration with popular accounting software
- Excellent visibility into invoice approval status
- Strong security features help prevent payment fraud
Cons
- Initial implementation and setup takes time
- Supplier enrollment process can be slow
- Customer support response times vary occasionally
Stampli
Pros
- Intuitive interface makes it easy for non-finance staff to approve invoices
- Centralized communication significantly reduces internal email volume
- AI accurately predicts GL coding after a short learning period
- Seamless integration with major ERPs like NetSuite and Sage
- Implementation team provides high-touch support during the setup process
Cons
- Lack of transparent public pricing makes initial budgeting difficult
- Mobile app functionality is more limited than the desktop version
- Occasional lag when processing very large batches of invoices