Acquirell vs. Stampli

Acquirell is well-suited when it comes to running RFP events. The flexible configurations and broad functionality of the Acquirell eSourcing module allow us to run RFPs with ease. It is much more convenient to run RFPs in Acquirell than collecting the bids via email and analyzing them manually. Acquirell is less appropriate when it comes to collecting the requisitions. There are confusing terms "requirements" and "requisitions." And it is a bit complicated to configure these "requirements."

Stampli is best for a compony that has a large amount of payables. It stores everything in one place and reduces the need to keep paper copies of everything. It is less appropriate in a situation where payment is due at the time of services since it is sent via USPS mail and you have to take into account the mail processing times.

Incentivized

• Good PO processing capabilities
• A robust Sourcing Module where we run our RFI, RFQ, and RFP events
• Requisitioning module that allows keeping requisitions in electronic form instead of sending emails that are always being lost
• Communication that is recorded in the system
• Approval Routes features that let us handle our complex approval flow

• Learning - Billy the bot learns much quicker than our previous OCR.
• Global lookup - we have multiple entities which creates a challenge for finding invoices entered in the wrong place. Stampli has removed this issue.
• Maximizing manpower - reduces the need for more personnel.

Incentivized

• Requisitioning is not convenient. It seems a bit complicated.
• There is no invoicing. It is necessary to attach separate files. I hope that Acquirell team will develop invoicing capabilities, so we will not have to attach separate files.
• The tool is mostly designed for procuring physical items than services. We had to play with the evaluation criteria to tailor Acquirell to our processes. We are procuring services more than physical products.

• It would be awesome if I was able to search for a vendor and check number for proof of payment
• When asking questions regarding invoices it is a little confusing on how to make the requested changes.
• Webinar on use of Stampli would be appreciated.

Incentivized

It really helps us to handle almost all our procurement activities (except the CLM process)

I cannot imagine going back to pre-Stampli processes. Our jobs in the Accounting department (not just AP) have all become more engaging because we've cut out so much mindless, non-value added work: data entry, signing checks, stuffing envelopes, stamping envelopes, etc.

Incentivized

A lot of checks and balances in the system that are an accountant's dream - just takes some time to understand the new process to get up to speed.

Never an issue with downtime

Very fast and no issues with the Sage Intacct integration

Acquirell team has conducted the Zoom sessions with us to explain and clarify all the details. Their manager Olivia and their product manager Dimitri were really approachable If there arise any issues related to working in the system the Acquirell team is always trying to respond ASAP

We have a dedicated rep (who was also our implementation rep--they stay with you after implementation) who we can email whenever needed and meet with every quarter. There is a chat option within the software that gets responded to by a real person within minutes.

Incentivized

Excellent documentation, step-by-step instructions

We lost an AP employee right as we were deciding to implement, so we had to speed up our timeline. We went from signing the contract to fully functional system within 4 weeks. We did not dedicate any more than 4 hours per week during the implementation.

Incentivized

I haven't evaluated any other procurement solutions. Before implementing Acquirell we were using emails, Word, and Excel in our procurement processes. Overall, it is much more convenient to conduct procurement activities in Acquirell rather than to collect the bids via email and keep a bunch of Word or Excel files.

Stampli better suited our needs with the
infrastructure we have in place, met our international and workflow requirements, required minimal integration
set-up time without involving a 3rd party vendor, provided a
tailored implementation process, and offered an all-inclusive month-to-month
pricing structure.

Ease of deployment both domestic and international

• Now the purchasing team saves a lot of time
• The number of errors has been reduced due to elimination of manual workflow
• Now we do not have to keep a lot of Word, Excel, or PDF files since most of the procurement data is stored in Acquirell. Therefore the data does not get lost

• decreases manual process - balances out the benefit to cost ratio in automation vs employee time
• ACH payments allow for elimination of lost checks research and reprocessing
• Vendor portal connection putt he tools in their hands to research any status they may need instead of internal employee time to research and provide