Los Angeles Area Chamber of Commerce accelerates vendor payments with Stampli Card and Direct Pay
The L.A. Area Chamber of Commerce's accounts payable processes were bogged down by manual methods and security risks, with reliance on checks and ACH payments causing delays, late fees, and occasional lost payments that created additional paperwork for the AP team.
Transitioning to Stampli Card and Direct Pay delivered on-time vendor payments, cut processing fees, notably decreased operational delays, slashed late payments, and freed the AP team from manual data entry and reconciliation.
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Frequently asked questions
What did this team achieve with this AI workflow?
Transitioning to Stampli Card and Direct Pay delivered on-time vendor payments, cut processing fees, notably decreased operational delays, slashed late payments, and freed the AP team from manual data entry and reconc…
What tools did this team use?
Stampli Card, Direct Pay, AP Automation.
What results were reported?
Operational delays: notable decrease in operational delays; processing fees on ACH and check payments: cut down on processing fees assessed on ACH and check payments; Late payments: slashing late payments; Manual work associated with payments: significantly reduced the manual work traditionally associated with payments (source-reported, not independently verified).
How is this accounts payable AI workflow structured?
Invoice processed via AP Automation → Payment routed to Stampli Card → Vendor receives electronic payment.