Case Study: Wenspok Companies achieves faster invoice processing and strategic cash flow management with Stampli

Wenspok Companies cuts invoice processing time by 75% with Stampli

Wenspok Companies, a franchisee operating 67 Wendy's restaurants, faced significant challenges with their accounts payable process after a previous AP automation solution failed. They needed a dramatic acceleration in invoice processing speed to provide strategic cash flow guidance for the business and required a solution that integrated seamlessly with their Sage Intacct ERP system. To solve this, they turned to the vendor Stampli for its AP automation solution.

By implementing Stampli, Wenspok achieved a 75% reduction in average invoice processing time and an 87% reduction in days to approval. The Stampli solution also enabled a 73% faster monthly close for credit cards. These efficiencies provided the finance team with the strategic visibility needed for proactive cash flow management and freed up team members to focus on more valuable projects, with the AI feature Billy becoming an integral asset.

Wenspok Companies