Interview Questions for Eyal Feldman, Co-founder and CEO of Stampli
Chatting with Eyal Feldman, CEO of Stampli:
Let's Talk About Stampli:
Eyal Feldman, the brainchild behind Stampli, took his inspiration from the complexities of invoice processing, a crucial function often overlooked in large organizations. After witnessing an accounting snafu that almost cost him business in the past, Eyal knew that there had to be a more efficient way to handle accounts payable (AP) processes. Using his experience with enterprise resource planning (ERP) and document management systems, he identified AP as an area ripe for innovation and set out to change the game.
Stampli's Game-Changing Approach:
Stampli revolutionizes AP by offering a collaborative platform that makes invoices rather than cumbersome paperwork a landing page for all relevant parties to work seamlessly together. With Stampli, companies can reduce the time spent on invoice processing, minimize bottlenecks, and prevent human errors by centralizing essential information such as discussions, questions, collected data, and documents. Stampli seamlessly integrates with existing ERP systems, both in the cloud and on-premises, making it a natural extension of a company’s current system.
Meet Billy, Your Personal AI Assistant:
The genius of Stampli lies in its AI assistant, Billy. Billy automates repetitive and time-consuming accounting tasks, such as summarizing text, answering questions, suggesting cost allocations, and predicting workflow steps. Billy learns from each user’s errors and corrections, growing smarter over time and ensuring that invoices adhere to a company’s AP policies. By freeing users from mundane tasks, Billy allowsAccounting staff to focus on more strategic aspects of their work.
Innovation Through Data:
Stampli leverages data not just to enhance its product but to create and verify its insights as well. A dedicated team works with Eyal to ensure departments receive the right information to focus on priorities and make improvements based on customer feedback. Additionally, Stampli’s AI systems are improved through a comprehensive understanding of each step in the AP workflow for their users.
Pioneering the Future of Accounting:
Recently, Stampli has faced the challenge of navigating the marketing noise surrounding AI. While some companies claim to use AI, Stampli has stayed focused on delivering real value to customers without resorting to marketing hype. Eyal and his team approach AI as an investment in the future, not a buzzword, ensuring that Stampli customers reap the benefits of this groundbreaking technology.
- Eyal Feldman, the Stampli CEO, saw an opportunity for innovation in the accounts payable process, which he identified as a complex and underappreciated function in large organizations.
- Stampli's platform, by centralizing relevant information such as discussions, data, and documents, aims to automate invoice processing, minimize bottlenecks, and eliminate human errors, ultimately revolutionizing the AP industry.
- Key to Stampli's success is the AI assistant, Billy, which automates repetitive accounting tasks, learns from user interactions, and adheres to AP policies, giving the accounting staff more time for strategic work.
- By leveraging data and improving its AI systems based on user feedback, Stampli is not only enhancing its product but also creating and validating its insights, positioning itself as a pioneer in the fintech industry.
- Amidst the marketing noise surrounding AI, Stampli differentiates itself by delivering real value to customers without resorting to buzzwords, viewing AI as a future investment to ensure its clients benefit from the advancements in artificial intelligence and technology.
