Fully automated invoice capture
in Stampli Invoice Processing
Billy the Bot automatically extracts key invoice data, preparing invoices for AP teams instantly.
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No more waiting for your invoices
Billy the Bot, Stampli’s AI copilot, automatically extracts key invoice data and prepares the invoice for AP teams as soon as the invoice is received. Unlike other providers, no humans are in the loop, so you don’t have to wait 24+ hours for an invoice. This fully automated process ensures the fastest possible invoice processing times, eliminating manual data entry and reducing errors.
The old way: invoice capture without Stampli
In the absence of AP automation, AP teams manually copy invoice data and enter it into their financial system, leading to delays, errors, and backlogs. This time-consuming process can result in inaccurate financial reporting and difficulty detecting duplicate invoices. The lack of visibility and control over the invoice processing workflow further complicates the situation.
Stampli's approach to invoice data extraction
Our approach is made possible because Billy the Bot leverages an enormous volume of training data to accurately capture invoice data from the first invoice, without the need for up-front AI training. This significantly reduces manual data entry, enhances invoice processing speed, and improves accuracy in financial reporting.
Stampli’s solution streamlines the handling of various invoice formats and efficiently manages multi-page and multi-invoice documents, simplifying workflows. As a result, AP teams can focus on more strategic initiatives, improving their efficiency and throughput.
Key features
No humans in the loop
Stampli’s invoice data extraction is fully automated.
No need to train the AI
Billy the Bot leverages an enormous volume of training data to accurately capture invoice data starting at your first invoice.
Easy vendor submittal
Vendors can submit invoices via email or upload them in their Stampli vendor portal with the Advanced Vendor Management add-on.
AP can drag and drop for manual invoice uploading
It’s easy for AP teams to manually upload invoices directly into the system.
Multiple format support
Stampli can process invoices in PDF, DOCX, PNG or JPG formats, ensuring flexibility.
Split multi-page invoices
After a multi-page invoice is uploaded into Stampli, the invoice can split and pages can be deleted or re-arranged.
Virtual drive support
Add invoices directly to Amazon S3 using a third-party virtual drive application. Scripting is allowed.
Receive multiple invoices at once
Up to 30 PDF attachments can be received in one email.
Add supporting documents to each invoice
Stampli does not limit the number of attachments that can be added as supporting documents to an invoice.
FAQ
How long does it take for Billy the Bot to extract invoice data?
Billy the Bot extracts invoice data instantly, making the invoice available to AP teams as soon as it is received.
Do I need to train Billy the Bot to recognize my invoices?
No, Billy the Bot leverages an enormous volume of training data to accurately capture invoice data starting at the first invoice, without the need for additional AI training.
What formats can Stampli process for invoices?
Stampli can process invoices in PDF, DOCX, PNG or JPG formats, ensuring flexibility for your organization.
Can vendors submit invoices directly to Stampli?
Yes, vendors can submit invoices via email. With our Advanced Vendor Management add-on, they can even upload them in their Stampli vendor portal.
How does Stampli handle multi-page invoices?
After a multi-page invoice is uploaded into Stampli, the invoice can split and pages can be deleted or rearranged to streamline processing.
Is there a limit to the number of supporting documents that can be added to an invoice?
No, Stampli does not limit the number of attachments that can be added as supporting documents to an invoice.
Learn more about Stampli
Request a demo today.