FreeAgent vs Stampli

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Our analysts compared FreeAgent vs Stampli based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

FreeAgent Software Tool

Product Basics

FreeAgent is a cloud-based accounting software designed for small businesses and freelancers. It streamlines tasks like invoicing, expense tracking, and tax filing, offering a user-friendly interface and mobile app for on-the-go management. FreeAgent shines for its intuitive design and automation features, making it ideal for those with limited accounting knowledge. Key benefits include automatic bank feeds, expense categorization with receipt scanning, and HMRC-compliant VAT returns. Popular features like project tracking and time billing further cater to freelancers and service-based businesses. Compared to similar products, user reviews praise FreeAgent's ease of use and excellent customer support. However, its focus on simplicity may lack the advanced features sought by larger businesses or those with complex accounting needs. Pricing starts at a monthly subscription fee, with additional costs for features like multiple users or payroll. FreeAgent offers a free trial to allow potential users to test its capabilities before committing.

Pros
  • Easy to use
  • Mobile app access
  • Automated tasks
  • Freelancer-friendly
  • Good customer support
Cons
  • Limited features for complex needs
  • Higher cost for multiple users
  • Not ideal for large businesses
  • Invoice customization limited
  • Reporting could be more robust
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Stampli is a cloud-based accounts payable and invoice management solution that simplifies communication with internal stakeholders for swift approval of payments. Users don't have to search for a separate invoice management system as it provides seamless integration with popular accounting and ERP platforms like Oracle, Quickbooks, Sage and SAP.

It provides a straightforward way to make payments with paperless checks or ACH transactions. Its primary features include invoice management, reporting, processing and accounting. Users get the freedom to enable communication from a centralized landing page and it provides a single site license that applies to all users. The reporting feature provides users with essential information on key performance indicators, possible obstructions, expense forecasts and more.
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$6.50 Monthly
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Product Insights

  • Effortless Time Saving: Automate tasks like invoicing, expense tracking, and tax filing, freeing up time for what matters most.
  • Simplified Organization: Stay on top of your finances with a clear overview of income, expenses, and cash flow, all in one place.
  • Enhanced Accuracy and Compliance: Reduce errors and ensure compliance with automatic bank feeds, VAT returns, and HMRC filing.
  • Mobile Access on the Go: Manage your finances from anywhere with the convenient mobile app, perfect for busy freelancers and entrepreneurs.
  • Streamlined Collaboration: Easily share invoices, track project progress, and collaborate with clients and team members.
  • Peace of Mind and Support: Gain confidence knowing your finances are in order, backed by excellent customer support whenever you need it.
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  • Quick Setup: Implement the platform in just a few minutes without the need to install a separate program or disrupt the accounts payable environment. 
  • Minimize Approval Time: Maintain accountability by keeping track of user responsibility for invoices to speed up the payment approval procedure and pay vendors quickly. 
  • Easy Matching: Ensure maximum flexibility and control with preferred payment methods and guarantee easy payments with ACH transactions. 
  • Accurate Coding: Capture invoice data in real time with a personal intelligent AP bot that comes with optical character recognition, AI and machine learning technology. Provide accurate coding and approval routing by understanding patterns within the accounting process.Get duplicate detection, builtin calculations and PO support in a paperless approach. 
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  • Estimates: Send estimates and invoices via email and keep a tab on the approval and rejection. Convert accepted estimates into invoices. Manage outstanding amounts with the Invoice Timeline. 
  • Expenses: Save photos of the receipt directly from the mobile phone. Keep a tab on the running balance for reimbursement by tracking employee expenses. Track payments using live bank feeds or by importing bank statements.  
  • Tracking: Keep a record of when work was completed. Create an invoice for unbilled time and send it to the client. Check where time is spent across the active projects with timesheet reports.Payment tracking can be done by uploading a picture of the receipt through the mobile app. Reminders for making payments are sent automatically by setting up recurring invoices. Track invoices, taxes, estimates, alongside expenses. 
  • Dashboard: Monitor profit and loss with cash flow reports and the invoice timeline. 
  • Project Management: Create a project by adding billing rates, tasks, default currency, budget, start and end date. Attach charges and billable and non-billable time to projects and invoice the cost to customers. 
  • Expense Management: Categorize charges by currency and link them to a particular activity. Track and document expenses once the invoice is settled. Forgo the need to upload bank statements with the feed enabled. Include bank statements in the reporting after uploading. 
  • Navigation: Display data and keep track of the business’s financial health. Access invoices, time slips, estimates and projects from the dashboard. 
  • Payment: Integrate with PayPal, Stripe and GoCardless to pay bills easily. Make direct payments and add links to the payment system in the invoice templates. Conduct transactions in more than 80 countries around the globe. 
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  • Seamless Integration: Receive integrations with the existing accounting system and invoice processes.  
  • Smart Capture: Digitize document-centric processes by classifying and separating documents. Auto-extract key data and put it in the system for record, enhance customer experience by combining the speed and scalability of the cloud and receive accurate and complete turnaround on documents. 
  • Invoice Processing: Save time and costs by automating processes such as approval selection, notifications, GL-coding and more utilizing the platform’s AI tools. 
  • Audit Trails: Get one-click access to invoice related conversations and activities to support audits. Histories of approved bills are stored in the platform’s AP Automation system and are available for download at any time. Stay up to date with accounting and bookkeeping information and certify that account statements match. 
  • Duty Segregation: Eliminate fraud and enforce internal control using customized roles and permissions.  
  • Intuitive Dashboard: Get access to accounts payable, approvers and any user involved with the bill with the easy-to-use interface. Make use of advanced search, reports and the management dashboard to gain full visibility into the process and get all the information required to make a well-informed decision. 
  • Collaboration Hub: Send, track and view invoice communication on a centralized system. Users can send direct messages to other employees in order to keep track of crucial movement within invoices. 
  • Payment: Give users the freedom to make the payment through their preferred payment system and update payment information directly into the system. 
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Product Ranking

#86

among all
Accounting Software

#185

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 89 84 79 68 98 88 85 78 81 97 70 89 97 70 95 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 200 reviews
Excellent User Sentiment 20 reviews
87%
of users recommend this product

FreeAgent has a 'great' User Satisfaction Rating of 87% when considering 200 user reviews from 3 recognized software review sites.

94%
of users recommend this product

Stampli has a 'excellent' User Satisfaction Rating of 94% when considering 20 user reviews from 2 recognized software review sites.

4.3 (29)
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4.4 (125)
4.7 (10)
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4.3 (46)
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Awards

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Stampli stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Intuitive interface: Users consistently praise FreeAgent's user-friendly design, making it easy to navigate and find features even without accounting expertise.
Automated tasks: FreeAgent automates many time-consuming accounting tasks, such as bank reconciliation, VAT calculation, invoice creation, and mileage tracking.
Comprehensive features: The software offers a wide range of features to manage all aspects of accounting, including invoicing, expenses, projects, taxes, and payroll.
Mobile app: FreeAgent's mobile app allows users to manage finances on the go, access key features, and capture receipts with ease.
Excellent customer support: Users consistently rate FreeAgent's customer support highly, with quick and helpful responses to queries.
Integrations: FreeAgent integrates with various popular business tools, such as bank accounts, payment gateways, and expense management apps.
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Intuitive Interface: Stampli's interface is straightforward and easy to navigate, even for users without extensive accounting software experience. The platform's design prioritizes clarity and efficiency, allowing users to quickly find the information they need and complete tasks without unnecessary complexity.
Collaboration Features: Stampli facilitates seamless collaboration between departments, such as accounting and operations. Its communication tools enable users to discuss invoices, share documents, and resolve issues within the platform, reducing the need for external communication channels and streamlining the approval process.
Automation Capabilities: Stampli automates many manual accounting tasks, such as data entry, invoice matching, and approval routing. This automation saves time, reduces errors, and allows accounting teams to focus on more strategic initiatives.
Customization Options: Stampli offers a range of customization options to tailor the platform to specific business needs. Users can configure workflows, approval processes, and reporting formats to align with their organization's unique requirements.
Integrations: Stampli integrates with various accounting and enterprise resource planning (ERP) systems, enabling seamless data transfer and eliminating the need for manual data entry. This integration ensures data consistency and streamlines accounting processes.
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Limited customization options: While FreeAgent offers some customization, users report feeling restricted in terms of branding and layout compared to other accounting software.
Learning curve for complex features: Some users find FreeAgent's advanced features, like inventory management or project accounting, have a steeper learning curve compared to basic functionalities.
Higher pricing for larger businesses: FreeAgent's pricing scales with the number of users and features needed, making it potentially expensive for larger businesses with complex accounting requirements.
Limited integrations with some industry-specific tools: While FreeAgent integrates with popular business tools, some users in specific industries might miss integrations with specialized software they rely on.
Occasional bugs and glitches: Some users report encountering occasional bugs or glitches within the software, although FreeAgent's customer support is generally praised for responsiveness.
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Limited Customization: Some users find the platform's customization options to be somewhat restrictive, especially when it comes to reporting and dashboards. The available templates may not always align perfectly with specific business requirements, potentially requiring workarounds or manual adjustments.
Mobile App Functionality: While Stampli offers a mobile app, its functionality is more limited compared to the web version. Users may find that certain features or tasks are easier to complete on the desktop platform, which could impact convenience for those who rely heavily on mobile access.
Integrations: Although Stampli integrates with various accounting software and ERP systems, the depth of integration can vary. Users have reported occasional challenges with syncing data or experiencing delays, which can affect workflow efficiency and data accuracy.
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FreeAgent carves a niche for itself in the accounting software world, earning enthusiastic praise from users seeking an intuitive and automated solution to manage their finances. Its user-friendly interface and wealth of automated features like bank reconciliation and VAT calculation, often cited as lifesavers, make it ideal for solopreneurs and small businesses who want to ditch spreadsheets and manual data entry. This convenience, however, comes with a trade-off: some users feel limited by FreeAgent's customization options, especially compared to the robust branding and layout control offered by competitors like Xero. FreeAgent's strengths truly shine in its mobile app and excellent customer support. Users adore the on-the-go access and quick, helpful resolutions to queries. This agility differentiates FreeAgent from some software giants notorious for sluggish mobile experiences and frustratingly long wait times for assistance. However, power users with complex accounting needs might find FreeAgent's advanced features, like project accounting, less intuitive than Xero's, requiring a steeper learning curve. Ultimately, FreeAgent's user reviews paint a picture of a friendly, efficient, and mobile-first accounting solution. It excels at simplifying finances for non-accountants and automating tedious tasks, but its customization limitations and potential learning curve for advanced features might make larger businesses or those seeking extensive control look elsewhere. In the quest for simplicity and time-saving automation, FreeAgent stands out as a top contender, especially for solopreneurs and small businesses just starting their financial journey.

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Stampli is a cloud-based accounts payable (AP) automation platform that helps businesses streamline their financial processes, offering features like invoice processing, expense management, and B2B payments. Stampli appears to shine in its ability to integrate with over 70 enterprise resource planning (ERP) systems without requiring major modifications, unlike some competitors that may necessitate substantial rework. This seamless integration is crucial for businesses as it allows them to leverage their existing ERP investments and avoid disruptions to their workflows. Stampli's user-friendly interface and comprehensive AP automation capabilities have garnered positive feedback, but some users have expressed concerns about its pricing structure and occasional customer support delays. While Stampli offers a robust set of features, businesses should carefully evaluate their budget and support needs before committing. Overall, Stampli seems well-suited for mid-market and enterprise-level businesses seeking a scalable and adaptable AP automation solution that integrates effortlessly with their current ERP systems. Its ability to handle complex workflows and high invoice volumes makes it a valuable tool for organizations looking to optimize their financial operations and gain better control over their spending.

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