THE PROBLEM
Absence of Straight Through Processing
To date, no ERP or AP automation provider offers solutions where invoices go directly from a source like emails to GL without human effort.
THE SOLUTION
Invoice Processing Co-pilot
Hyperbots Invoice Processing Co-pilot automates the entire invoice lifecycle with 80% straight-through processing (STP). It uses foundational AI agents for tasks like invoice discovery, fields extraction, validation, matching, GL coding and GL posting - significantly reducing manual effort and enhancing accuracy.
VALUE PROPOSITION
80%
Invoice processing cost
AI achieves up to 80% straight-through processing of invoices, freeing up staff bandwidth by 80%. Retained staff is empowered by our Co-pilot with pin-pointed reasons to take quick decisions on business exceptions reported.
<1 min
Invoice processing time
Co-pilot reduces invoice processing time from an industry average of 11 days to less than one minute due to STP achieved through AI.
Human errors
Vendor satisfaction
Duplication & frauds
Auditability
THE PROBLEM
Absence of AI led Automations in Accruals
A solution where expenses for accruals are identified, booked and reversed automatically with no or negligible human touch, does not exist in industry.
THE SOLUTION
Accruals Co-Pilot
Hyperbots Accruals Co-pilot automates accrual identification, booking, and reversal processes with high configurability and accuracy, ensuring timely and compliant financial reporting while reducing manual effort and errors.
VALUE PROPOSITION
80%
Accrual processing cost
Co-pilot reports all accrued expenses using AI eliminating need on manual accruals completely
<5%
Variance in accured Vs actual costs
Co-pilot identifies all expenses comprehensively for all type of scenarios through data using AI.
Human Errors
Accrual reversal
Month end closing pressure
Auditability
THE PROBLEM
Absence of AI led Automations in Procurement
No solution currently exists that automatically converts contracts into purchase requisitions, generates and dispatches purchase orders to vendors without human intervention, except when necessary.
THE SOLUTION
Procurement Co-Pilot
Hyperbots PR/PO Co-pilot automates purchase requisition and order processes, including PR creation, approval workflows, and PO dispatch, ensuring efficiency, compliance, and seamless integration with ERP systems.
VALUE PROPOSITION
80%
PO creation & dispatch time
Converts approved PR into PO automatically based on the company's templates. It can send POs automatically to vendors based on configurations.
5min
PR creation time
Co-pilot auto-fills most of the complex forms in ERPs and procurement systems by reducing the effort to 5 minutes
Auditability
Human Errors
Approvals
PO Closing & Other KPIs
THE PROBLEM
Absence of AI led Cash Out Flow Optimizations
An automation solution where payment timings are decided intelligently based on discounts, penalties, cost of capital and vendor criticality, does not exist in industry. Accurate reconciliations between bank statements & invoices is still a big problem.
THE SOLUTION
Payments Co-Pilot
Hyperbots Payments Co-pilot automates payment processing with features like timing recommendations, approval workflows, and multi-method support (ACH, checks, wire transfers), ensuring secure, efficient, and compliant financial operations.
VALUE PROPOSITION
10%
Cash outflow
Co-pilot optimizes payment timings and methods, analyzing payment terms, discounts, penalties and, cost of capital
Vendor satisfaction
Vendors have higher satisfaction as they know real-time status of invoice processing and payments
Auditability
Human Errors
Approvals
Reconciliations & Other KPIs
THE PROBLEM
Absence of Automated Sales Tax Verification for Vendor Invoices
A solution where sales tax applied by vendors in invoices on line items is intelligently verified without human touch, does not exist.
THE SOLUTION
Tax Verification Co-Pilot
Hyperbots Sales Tax Verification Co-pilot automates tax validation for invoices, leveraging AI to ensure compliance with regional tax laws and eliminating errors, reducing manual effort and financial risks.
VALUE PROPOSITION
Sales tax compliance
Co-pilot verifies applicable sale tax for every invoice and line item automatically
Tax underpayment
Co-pilots acts as a preventive methods against over or under charged sale tax by vendors
Auditability
Human Errors
Reputation
THE PROBLEM
Absence of AI led Automation in Vendor Management
A solution where vendor identity like W-9 is verified automatically, vendors are empowered to share, upload and track their information, invoices, POs and payments in secured manner does not exist in industry
THE SOLUTION
Vendor Management Co-Pilot
Automatically verified vendor identity against documents like W-9. Empowers vendors to view the status of PO, invoices and payments through vendor portal. Helps in vendor rationalization by identifying high cost vendors for same items.
VALUE PROPOSITION
Spend optimization due to vendor rationalization
Co-pilot helps in spend reduction by consolidating suppliers, enabling bulk discounts, reducing administrative costs and improving procurement efficiency
Vendor onboarding effort
AI-enabled automation in vendor information capture and W-9 form verification significantly reduces vendor onboarding time by streamlining data entry, ensuring compliance, and minimizing manual errors.
Realtime status update
A vendor portal benefits vendors by providing real-time visibility into purchase orders, invoice processing, and payment statuses, enhancing transparency and trust
Readymade Integrations with Leading ERPs
Exhaustive integrations
The Hyperbots co-pilots provide exhaustive integration with ERPs, enabling read and write access for expenses, Chart of Accounts (COA), vendor master, item master, assets, and liabilities to power end-to-end AI-driven automation.
Real-time read and write
The Hyperbots co-pilots enable real-time read and write capabilities, ensuring instant data synchronization and seamless process execution across ERP systems.
On premise and cloud variants
The Hyperbots co-pilots integrate seamlessly with both on-premise and cloud ERP variants, ensuring secured and efficient data exchange across deployment models.
Exception and error-handling
The Hyperbots co-pilots ensure data integrity by verifying ERP postings with read-back checks, employing optimal retries for failures, and providing exception reporting for user resolution.
Integrations with company specific ERPs
The Hyperbots co-pilots adapt seamlessly to company-specific ERP customizations, enabling read and write access to custom fields through a configuration-driven integration framework.
Oracle Netsuite
Hyperbots' Oracle NetSuite Connector enables seamless integration for real-time read and write of financial data, such as invoices, POs, GL codes, and vendor information. This pre-built connector ensures rapid deployment, high accuracy, and secure data synchronization across processes.
QuickBooks Desktop
Microsoft Business Central
Hyperbots' Microsoft Business Central Connector leverages proprietary APIs to seamlessly read and write financial data, including invoices, POs, vendor details, assets, liabilities, expenses, and revenues. This ensures efficient integration and real-time synchronization tailored to Business Central's architecture.
SAP S/4 Hana
Hyperbots' SAP S/4HANA Connector leverages SAP’s proprietary APIs and BAPIs to seamlessly integrate with core modules, enabling real-time read and write of invoices, POs, vendor records, GL codes, and asset data. This ensures precise alignment with SAP S/4HANA’s data structures and workflows for optimized financial operations.
Sage 300
Hyperbots' Sage 300 Connector utilizes Sage's proprietary APIs to seamlessly read and write data, including invoices, POs, vendor details, GL accounts, and item masters. This integration ensures smooth synchronization with Sage 300’s modular architecture, streamlining financial workflows and business operations for mid-sized enterprises.
Deltek Costpoint
Hyperbots' Deltek Costpoint Connector overcomes integration challenges by leveraging Web Integration Console (WIC) and developing custom APIs on top of it. This approach enables seamless read and write operations for invoices, POs, vendor details, GL accounts, and other financial data, ensuring efficient synchronization with Deltek Costpoint's unique architecture.
Others
Hyperbots offers flexible synchronization options with multiple ERPs, allowing data to be synced in real-time, hourly, daily, or weekly, depending on the organization's requirements. Get up and running on Hyperbots in 3-4 weeks with the Hyperbots Connector to your specific ERP
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!