Case Study: Raceway Car Wash cuts AP close by 2 days with Stampli

Raceway Car Wash cuts AP close by 2 days with Stampli

Raceway Car Wash, a multi-state operator of 46 car wash locations, faced significant challenges with its highly manual accounts payable process. Their two-person AP team struggled to process over 1,000 monthly invoices, which involved manual data entry, chasing approvals via email, and managing vendor documents. This created bottlenecks, delayed their financial close, and hindered visibility. They implemented Stampli's accounts payable automation and vendor management solutions to address these issues.

By implementing Stampli, Raceway Car Wash automated its invoice processing with Stampli's AI, Billy, which eliminated 98% of manual coding. The solution centralized approvals and vendor management, providing complete visibility into the AP process. This resulted in a faster, more scalable operation, cutting their AP close by two full days and their overall accounting close by one day. Stampli's implementation was completed in under 60 days, and the visibility provided allowed the team to proactively identify spending patterns and improve vendor relationships.

Raceway Car Wash