Welcome, innovators.

Stampli, an accounts payable (AP) automation startup, introduced its latest innovation at Oracle NetSuite’s annual SuiteWorld 2024 conference in Las Vegas.

Want to learn more? Keep reading…

In today’s newsletter:

• Today’s must-read stories 📰

• Stampli’s Cognitive AI is here

• Prompt of the day ✍️

Today’s must-read stories 📰 

Volvo Group Venture Capital AB x aifleet 🚚

Volvo Group Venture Capital invests in aifleet, a U.S.-based company using AI to improve truck utilization and driver satisfaction.

Oracle offers enhanced AI services 🤖

Oracle announces the general availability of OCI Generative AI Agents with retrieval-augmented generation (RAG) capabilities to streamline AI integration for real-world business operations.

Glean raises $260 million 💰

Glean raises $260 million in Series E funding to accelerate AI innovation, customer acquisition, and global expansion of its Work AI platform, doubling its valuation to $4.6 billion.

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• Fei-Fei Li (LinkedIn): Professor at Stanford University and Co-Director of Stanford’s Human-Centered AI Institute.

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Stampli’s Cognitive AI is here

Unveiled at Oracle NetSuite’s SuiteWorld 2024, Stampli’s Cognitive AI is set to revolutionize accounts payable automation. This technology automates purchase order (PO) matching, a labor-intensive task that is generally managed by multiple employees. 

Key takeaways

• AI-powered PO matching: Stampli’s Cognitive AI automates PO matching with human-like reasoning, achieving a 97% success rate and significantly reducing manual work.

• Innovative financial automation: Unlike traditional tools, this AI combines large language models with structured business logic.

• Tackling labor shortages: Stampli’s AI helps finance teams do more with less, boosting efficiency amid widespread labor shortages in the finance sector.

Our thoughts

Stampli’s Cognitive AI offers a transformative approach to financial automation by helping businesses streamline processes while addressing critical labor shortages.

Prompt of the day ✍️ 

Systems administrator (create a vendor management policy)

How it works:

The prompt outlines a process for creating a customized vendor management policy by gathering specific user details, referencing key materials, and continuously refining the policy through evaluations.

Why use it:

A systems administrator would use this prompt to create a tailored vendor management policy that ensures effective vendor oversight, reduces risks, and aligns with industry standards.

Prompt Example:

{"prompt":"Develop a tailored Vendor Management Policy aligned with the user's individual needs, drawing insights from the supplied reference materials. Initiate interaction with the user to obtain essential specifics and resolve any ambiguities. Iteratively refine the Vendor Management Policy through consistent evaluations using the given evaluationRubric and gather user input to ensure the end product aligns with the users expectations.}

You can find the prompt in its entirety here.