How AI Makes Interns at My Shipping Company As Capable As Seasoned Finance Staff
Thanks to Stampli FirstMile lets their interns handle most of their financial operations, and they’re proud of it.
According to FirstMile CFO Scott Hale, they rely on AI capabilities from Stampli to code their invoices and route them through the approval process. The tool automatically detects the codes they use by analyzing existing invoices, then codes incoming invoices on its own.
As a result, They’ve reduced the time it takes to process each invoice from an average of about five minutes to less than one. And the accuracy rate is very high.
It’s allowed them to embrace a workforce strategy for the finance team that centers on hiring interns by finding young professionals who possess the skills and exceptional promise necessary to evolve into long-term contributors to the company.
FirstMile staffs key roles – such as AP Manager, a role that at most companies goes to someone with years of experience – with college students.
