Enterprise resource planning (ERP) systems help organisations to manage day-to-day business activities such as accounting, project management, risk management and compliance. For many businesses, these systems are critical for the execution of business processes. However, disruption can lead to significant setbacks, making many businesses wary of implementing any change.
To combat this, US-based fintech Stampli reveals that its AI-powered accounts payable automation solution now integrates with over 70 ERPs, which enables customers to deploy in days – without any need to rework their ERP or change to their AP processes.
Stampli now fully integrates with ERP systems including Sage, Oracle, Microsoft, QuickBooks, SAP, Acumatica and IBM, among others.
Eyal Feldman, co-founder and CEO of Stampli, said: “Our belief is that an invoice management system should deploy in days, require no rework to the ERP, and be easy for users and approvers alike.
“Every business has its own processes, systems and structures, which is why we’ve extended our integration philosophy to more than 70 different ERPs. We don’t believe businesses should have to adapt to their software, so we’ve invested extensively in ensuring that our software adapts to the widest possible range of business scenarios.”
Adapting the solution for businesses “across all industries”
Stampli explained that some AP automation providers rely on third-party integrators for connecting to ERPs. This can sometimes result in limited functionality and dependence of that integrator’s availability to address requests, add features or fix bugs.
The fintech reveal its philosophy to ERP integration stands in contrast to this approach. Instead, it builds its integrations in-house, with support for the full range of functionality. As a result, Stampli can adapt itself to support a wide range of businesses across all industries, including complex multi-entity corporate structures and those in highly regulated industries such as healthcare. This configurability enables it to be deployed in days, not weeks, without the need to hire developers, adjust existing processes or reconfigure the ERP.
Stampli’s automation automatically synchronises essential master list data such as GLs, vendors, POs, receiving, any custom field, and unlimited entities.