Case Study: Modigent scales vendor self-service and avoids headcount growth with Stampli

Modigent saves 2-3 vendor relations headcount with Stampli

Modigent, a rapidly growing enterprise in the HVAC and construction industry, faced a significant challenge in managing thousands of vendors across its 16 operating companies. Their accounts payable team was overwhelmed with constant inquiries, and with plans for major expansion, scaling their vendor management process without increasing headcount was unsustainable. They turned to Stampli for a solution using its Advanced Vendor Management product.

Stampli implemented a platform that provided vendors with a self-service portal to submit invoices and track payment status in real-time. This solution freed Modigent's team from fielding constant inquiries, saving the equivalent of 2-3 people and avoiding the need to hire five additional staff members. The automation and 24/7 self-service capabilities provided by Stampli allowed Modigent to confidently plan for adding hundreds of new vendors and 5-10 new operating companies without growing their vendor relations team.

Modigent