New Stampli procure to pay touts conversation first approach

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Introduction

Stampli Procure-to-Pay is a cutting-edge procurement solution that streamlines the entire process from purchase requisition to payment. At its core, it leverages the power of artificial intelligence (AI) to automate and optimize the procurement workflow. In this article, we will delve into the world of Stampli Procure-to-Pay, exploring its key features, benefits, and how it uses AI to revolutionize the procurement process.

How Stampli Procure-to-Pay Works

Stampli Procure-to-Pay is built around a unique AI-powered assistant named Billy the Bot. This innovative tool can take plain conversational text and transform it into structured purchase orders and financial documents. The system’s AI engine is guided by historical patterns, ensuring that the approval flows are optimized and tailored to the company’s specific needs.

Key Features of Billy the Bot

  • Conversational Interface: Billy the Bot uses a natural language processing (NLP) engine to understand and respond to user input. Structured Document Generation: The system can automatically generate purchase orders, invoices, and other financial documents. AI-Powered Approval Flows: Billy the Bot uses historical data to guide approval flows, ensuring that the procurement process is optimized and efficient. ### Example Use Case: Automating Purchase Requisitions**

    • Example Use Case: Automating Purchase Requisitions

    Suppose a procurement manager at a large corporation needs to requisition a new laptop for a team meeting. Using Billy the Bot, the manager can simply type a conversational message, such as: “Hey Billy, I need to requisition a new laptop for the marketing team. Can you help me with that?” Billy the Bot would then respond with a structured purchase order, complete with all the necessary details, such as the vendor, quantity, and price.

    Introduction

    Stampli is a cutting-edge procurement platform that streamlines all procurement processes, documents, and discussions into a single intelligent workflow. By leveraging artificial intelligence and machine learning, Stampli empowers businesses to make data-driven decisions, reduce costs, and increase efficiency.

    Stampli said its new solution can be implemented within weeks. Once deployed, it will adapt to existing processes, reducing the amount of necessary change management.

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