Stampli raises $25 million in Series B to bring AI to invoice management

Part of the issue with invoice management is that lots of people in the organization procure services and agreement suppliers, but the people who deal with the bulk of the documents are siloed off from that procedure. With Stampli, the entire procure to pay process takes place in a collaborative software application suite. Stampli charges based on the amount of deals a company has in the system, as well as how lots of ‘sophisticated users’ are taking part in that action.

Part of the problem with invoice management is that many people in the company procure services and agreement suppliers, however the people who deal with the bulk of the paperwork are siloed off from that process. With Stampli, the entire procure to pay process happens in a collective software suite. Stampli charges based on the amount of transactions a company has in the system, as well as how numerous ‘sophisticated users’ are taking part in that action.

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