Case Study: PetLab Co. catches unexpected invoice increases and eases month-end stress with Stampli

PetLab Co. catches 33% vendor price increases early with Stampli

PetLab Co., a direct-to-consumer pet supplement brand, faced significant month-end stress for its AP team, compounded by the challenge of identifying and investigating unusually large or anomalous vendor invoices. These investigations, often for legitimate increases, typos, or potential vendor errors, added pressure during an already demanding period of financial closing. To address this, the company turned to Stampli and its Unusual Invoice Alerts feature.

The solution from Stampli automatically alerts the team to invoices that deviate from historical patterns, providing early warning well before month-end. This allowed PetLab Co. to proactively address issues, such as catching an unexpected 33% vendor price increase during negotiations, reducing month-end stress and protecting cash flow. Stampli's tool, born from its own need to avoid a 1000% price hike, also facilitates auditable vendor communications within its platform, ensuring a clear audit trail and further financial control.

PetLab Co.