Stampli Cognitive AI™: The future of PO matching
It’s not often you see a CFO publicly endorse software, but that’s exactly what happened when Matt Andersen, CFO of Superior Masonry Unlimited, shared his experience with Stampli on LinkedIn. Here’s what he had to say:
Matt’s excitement isn’t just about convenience—Stampli’s Cognitive AI™ has delivered real, measurable results for his team. By automating the most time-consuming aspects of accounts payable and purchase order (PO) matching, Stampli saved his team 30-35 hours a week. That’s time they’ve now been able to put towards more strategic initiatives.
As Matt put it, “Let the AI do the basic tasks, so the team can utilize their human ingenuity.” With Stampli handling the manual work, his team is free to focus on bigger goals that drive the business forward.
But what makes PO matching such a time-consuming challenge in the first place?
The challenges of PO matching
Matching purchase orders with invoices is a difficult, time-consuming process. Invoices rarely match POs perfectly, so there’s always something that needs to be reconciled—whether it’s mismatched descriptions, quantities, or freight charges. Each discrepancy requires careful investigation and resolution, adding even more time to an already tedious process.
Many systems on the market handle only the simplest cases, typically reaching match rates of just 20-40%. These tools struggle when faced with more complex scenarios, leaving finance teams to manually resolve the discrepancies.
How Stampli’s Cognitive AI for PO Matching solves the problem
That’s where Stampli Cognitive AI comes in. Unlike other automation tools, Stampli’s AI has been refined over the past decade to think and reason like an experienced AP professional.
By combining advanced AI technology with business logic, Stampli’s Cognitive AI understands the full business context, enabling it to automate the PO matching process. It doesn’t just handle the simple cases—Stampli’s Cognitive AI tackles complex, real-world scenarios such as:
- Inconsistent item descriptions
- Quantity mismatches
- Split deliveries
- Handling of tax, freight, discount discrepancies, and much more
The result? Faster, more accurate matching that reduces the workload for finance teams.
Real results: 97% accuracy and climbing
Stampli’s Cognitive AI currently reaches the same conclusions as human operators 97% of the time, and it’s only getting better. Some customers are already seeing 100% match rates.
For example, Matt Andersen recently had 22 complex invoices matched to POs by Stampli’s Cognitive AI. Even though five of them were several pages long, the AI matched 100% of the line items. What would have taken his team days to manually process was completed by Stampli in minutes. As Matt said, “It only took me 15 minutes to review those invoices, compared to the many days it would have taken my team and me to process them manually.”
The broader impact for finance teams
This technology isn’t just about making PO matching less of a headache—it’s about freeing up your finance team to focus on what truly matters. By automating time-consuming tasks, Stampli’s Cognitive AI allows teams to think strategically, grow the business, and tackle bigger challenges.
Remember how Matt’s team saved 30-35 hours a week? That kind of productivity gain empowers finance teams to reallocate their time and energy toward more impactful work.
Want to see Cognitive AI™ for PO matching in action?
See firsthand how Stampli’s Cognitive AI can automate one of the most labor-intensive tasks in corporate finance and free your team from the burden of PO matching. And this is just the beginning—more applications for Stampli’s Cognitive AI are expected soon, bringing even more innovation to finance operations.
