Stampli vs Yooz: Which is best for AP automation?

Stampli and Yooz are two accounts payable (AP) automation solutions designed to make the AP process smoother. Stampli is a better option for businesses looking for a comprehensive accounts payable automation solution that seamlessly integrates with their existing ERP systems. On the other hand, Yooz is a viable choice for companies seeking a straightforward, cloud-based accounts payable automation tool.

This post will cover both platforms in-depth, comparing their features, use cases, pros, and cons. We'll also mention why Routable is an alternative worth considering for both Stampli and Yooz.

Stampli and Yooz overview

Stampli

Stampli is an accounts payable automation platform designed to streamline the invoice lifecycle, from ingestion to payment. It offers a range of features, including:

• Invoice processing with AI-powered data extraction

• ERP integrations with pre-built connectors

• Automated coding and approval workflows

• Vendor management and payment processing capabilities

Yooz

Yooz is a cloud-based accounts payable automation solution that leverages AI and robotic process automation (RPA) to simplify invoice processing. Key features include:

• Optical Character Recognition (OCR) for invoice data capture

• Multi-channel document management

• Customizable approval workflows

• Advanced reporting and analytics

Why Routable is a better alternative to Stampli and Yooz

Routable offers several advantages over both Stampli and Yooz:

• Streamlined AI-powered invoice processing

• ERP integrations including Oracle NetSuite and Sage Intacct

• Flexible approval workflows and real-time visibility

• Comprehensive vendor management and payment options

• Scalable and cost-effective pricing models

When comparing these three platforms: 

• Stampli serves as an AP automation solution with ERP integrations and vendor management capabilities, making it best for enterprises seeking an ERP-centric AP automation platform. 

• Yooz functions as a cloud-based AP automation tool with OCR technology and customizable approval workflows, ideal for mid-sized businesses looking for a straightforward AP automation solution. 

• Routable provides an intelligent AP automation platform with ERP integrations, flexible workflows, and scalable pricing options, perfect for companies of all sizes seeking a cost-effective, feature-rich AP solution.

Stampli and Yooz feature comparison

Invoice processing

Stampli uses advanced AI and machine learning algorithms to extract data from invoices. It supports various file formats and can handle complex invoice layouts. Yooz leverages OCR technology and RPA to capture invoice data. While efficient for standard invoices, it may struggle with complex or non-standard formats.

Stampli's AI-powered invoice processing capabilities are more advanced and accurate than Yooz's OCR technology, especially when dealing with complex or non-standard invoice formats.

ERP integrations

Stampli offers pre-built integrations with popular ERP systems like Microsoft Dynamics, SAP, Oracle, and QuickBooks, allowing data transfer and real-time visibility. Yooz integrates with various ERPs, but the integration depth and functionality may vary depending on the system.

Stampli's pre-built ERP integrations are more comprehensive than Yooz's.

Approval workflows

Stampli provides highly configurable approval workflows with customizable rules, escalations, and permissions. It also offers real-time tracking and reporting. Yooz allows users to define approval workflows based on various criteria, such as invoice amount or vendor. However, the customization options may be limited compared to Stampli.

Both platforms offer approval workflows, but Stampli's options are more flexible and granular, allowing for more complex rules, escalations, and permissions.

Vendor management

Stampli offers advanced vendor management capabilities, including vendor onboarding, communication, and payment processing through multiple channels (ACH, check, or card). Yooz has basic vendor management features but lacks comprehensive payment processing and communication tools.

Reporting and analytics

Stampli provides reporting and analytics, offering insights into invoice status, approval times, and overall process efficiency. Yooz offers standard reporting capabilities, but advanced analytics and customization options may be limited.

User interface and UX

Stampli's user interface has a modern design that facilitates efficient invoice processing and navigation. Yooz's interface is generally straightforward and easy to navigate, although some users may find it less visually appealing or lacking in certain features compared to Stampli.

Use cases

Stampli

Stampli works well for specific business scenarios:

• Enterprise organizations with complex ERP systems: Stampli's robust ERP integrations make it an ideal choice for large enterprises that need to integrate AP automation with their existing ERP platforms

• Companies with high invoice volumes and complex approval hierarchies: Stampli's configurable approval workflows and real-time tracking capabilities help manage high volumes of invoices

Yooz

Yooz is suitable for different business needs:

• Small to mid-sized businesses with simpler AP needs: Yooz's cloud-based solution and straightforward interface make it a suitable option for companies with less complex AP requirements

• Organizations with standardized invoice formats: Yooz's OCR technology works well with standard invoice layouts, making it a viable choice for businesses with consistent invoice formats

Pros compared

Stampli pros

• ERP integrations for data transfer and visibility

• AI-powered invoice processing for high accuracy

• Vendor management and payment processing capabilities

Yooz pros

• Cloud-based interface for easy access

• Efficient OCR technology for standard invoice formats

• Customizable approval workflows with straightforward setup

Cons compared

Stampli cons

• Higher cost compared to Yooz

• Potentially steeper learning curve due to advanced features and configurations

Yooz cons

• Limited ERP integration capabilities compared to Stampli

• May struggle with complex or non-standard invoice formats

• Lacks advanced vendor management and payment processing features

When to use Stampli or Yooz

Consider these guidelines when choosing between the platforms:

• Use Stampli if you have a complex ERP system, high invoice volumes, and require advanced vendor management and payment processing capabilities

• Consider Yooz if you're a small to mid-sized business with simpler AP needs, standardized invoice formats, and a preference for a cloud-based, user-friendly solution

Routable: A better alternative to Stampli and Yooz

Invoice processing comparison

Stampli uses AI and machine learning algorithms to extract data from invoices, supporting various file formats and handling complex invoice layouts. 

Yooz leverages OCR technology and RPA to capture invoice data, but while efficient for standard invoices, it may struggle with complex or non-standard formats. 

Routable leverages advanced AI and machine learning algorithms to accurately extract data from invoices, regardless of format complexity. It also provides intelligent data validation and exception handling capabilities.

ERP integrations comparison

Stampli offers pre-built integrations with popular ERP systems like Microsoft Dynamics, SAP, Oracle, and QuickBooks. 

Yooz integrates with various ERPs, but the integration depth and functionality may vary depending on the system. 

Routable offers pre-built integrations with popular ERP systems, including Oracle NetSuite and Sage Intacct, and can easily integrate with custom or niche ERPs through its robust API.

Approval workflows comparison

Stampli provides configurable approval workflows with customizable rules, escalations, and permissions, plus real-time tracking and reporting. 

Yooz allows users to define approval workflows based on various criteria, such as invoice amount or vendor, but the customization options may be limited compared to Stampli and Routable. 

Routable provides highly configurable approval workflows with customizable rules, multi-level approvals, and real-time visibility into invoice status and bottlenecks. Routable also supports rules and conditions based on any field in your ERP.

Vendor management comparison

Stampli offers vendor management capabilities, including vendor onboarding, communication, and payment processing through multiple channels (ACH, check, or card). Yooz has basic vendor management features but lacks comprehensive payment processing and communication tools. Routable offers robust vendor management capabilities, including:

• Vendor onboarding and communication

• Tax document collection

• Custom-branded onboarding

• Vendor compliance checks

• Payment processing through multiple channels (ACH, check, etc.)

User interface and UX comparison

Stampli's user interface has a modern design that facilitates efficient invoice processing and navigation. 

Yooz's interface is generally straightforward and easy to navigate, although some users may find it less visually appealing or lacking in certain features compared to Stampli. Routable's user interface is intuitive and modern, ensuring a seamless and efficient user experience.

Scalability and pricing comparison

Pricing information is not publicly available for Stampli, but it's expected to be more expensive than Yooz due to its comprehensive feature set. 

Yooz is generally considered a more affordable option compared to Stampli, but may lack some advanced features and capabilities. 

Routable offers scalable and cost-effective pricing models, making it accessible for businesses of all sizes while providing enterprise-grade features and capabilities.

Advanced features comparison

Stampli offers features like AI-powered data extraction and vendor management capabilities. Yooz focuses primarily on core AP automation features and may lack some of the advanced capabilities offered by Routable and Stampli. Routable provides advanced features such as:

• Intelligent data capture

• Multi-entity support

• Automated compliance checks

These features ensure accurate and compliant invoice processing.

How Routable stands apart

Seamless integration and scalability

Routable offers seamless integration with various ERP systems, including Sage Intacct, and can easily adapt to custom or niche ERPs through its robust API. This flexibility, combined with its scalable and cost-effective pricing models, makes Routable a viable choice for businesses of all sizes, from startups to enterprises.

Intelligent data capture and validation

Routable's advanced AI and machine learning algorithms ensure accurate data extraction from invoices, regardless of format complexity. It also provides intelligent data validation and exception handling capabilities, reducing manual effort and improving overall accuracy.

Multi-entity support

Routable's multi-entity support ensures accurate and compliant invoice processing across multiple business units or locations, making it a valuable solution for organizations with complex operational structures.

Conclusion

While Yooz and Stampli are both viable options for AP automation, Routable emerges as a compelling alternative, offering a comprehensive suite of features, robust ERP integrations, and intelligent vendor management capabilities. Whether you're a small business or a large enterprise, Routable's scalable and feature-rich solution may be the better choice for streamlining your AP processes and driving operational efficiency.