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AP Automation Company Stampli Nets $61M in VC Funding

CPA Practice

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

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The major benefits of AP Automation.

Airbase

It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. Automation replaces the manual accounts payable process with software that can make everyone more efficient and lead to cost savings. Table of Contents FirstHeading What is AP automation?

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. If out of balance, immediate attention is needed to regain financial wellbeing. As an accountant, your clients depend on you to help manage their finances. Still have other questions about accounts payable?

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Everything you need to know about accounts payable

ThomsonReuters

Properly managing accounts payable is also important in maintaining good business relationships with vendors and suppliers. To boost accuracy and efficiency, many forward-looking businesses are implementing solutions that automate accounts payable. Often, accounts payable is abbreviated as “AP” or “A/P”.