Notifications for Accruals
Hyperbots Accrual Co-pilot sends real-time notifications for accrual discovery, matching, approvals, manual accruals, booking, and reversals, ensuring stakeholders stay informed.
Key Features
Configurable accrual discovery notifications
Notifications alert stakeholders when the co-pilot identifies all types of accruals on the cut-off date, based on pre-defined configurations.
2-way matching notifications
Stakeholders receive notifications about the results of 2-way matching between POs and GRNs, highlighting discrepancies and matched items.
Recurring expense estimation notifications
Notifications inform relevant users of recurring expense accrual estimates generated by the co-pilot, ensuring awareness of forecasted liabilities.
Approval workflow notifications
The co-pilot notifies approvers about pending accrual approvals in their workflow, including actionable links for easy access to approval screens.
Unapproved invoice notifications
Alerts are sent when unapproved invoices are moved into the accruals process, ensuring stakeholders are aware of pending approvals affecting accruals.
Manual accrual notifications
Notifications are sent when manual accruals are created, updated, or approved, keeping stakeholders informed about manually reported expenses.
Accrual booking notifications
Notifications confirm when accruals are successfully booked into the ERP, providing stakeholders with details of the posted entries.
Reversal notifications
Stakeholders receive alerts for accrual reversals, indicating whether they were triggered automatically or through a manual process, along with relevant details.
80%
Accrual processing cost
Co-pilot reports all accrued expenses using AI eliminating the need for 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
VALUE PROPOSITION
Why Hyperbots 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.
Why Hyperbots Agentic AI Platform?
Finance specific
Hyperbots Agentic AI platform specializes exclusively in finance and accounting intelligence, leveraging millions of data points from invoices, statements, contracts, and other financial documents. No other platform has such large pretrained models on F&A data.
Best-in-class accuracy
Hyperbots achieves 99.8% accuracy in converting unstructured data to structured fields through a multimodal MOE model integrating LLMs, VLMs, and layout models. With contextual validation and augmentations, the platform ensures 100% accuracy for deployed agents.
Synthesis of unstructured and strutured finance data
Hyperbots agents emulate finance professionals to autonomously perform F&A tasks by reading and writing data like COA, expenses, and vendor masters from core accounting systems and integrating it with unstructured data from financial documents such as invoices, POs, and contracts.
Pre-trained agents with state of the art models
Hyperbots' Agentic platform, pre-trained on millions of financial documents like invoices, bills, statements, and contracts, ensures seamless integration, high accuracy, and adaptability to any accounting content, form, layout, or size from day one.
Company specific inference time learning
Hyperbots' Agentic platform employs state-of-the-art Auto ML pipelines with techniques like reinforcement learning to enable inference-time learning for tasks such as GL recommendation and cash outflow forecasting, ensuring continuous improvement and adaptability.
FAQs: Notifications
What types of notifications does the Hyperbots Accruals Co-Pilot send?
The Co-Pilot sends notifications for accrual discovery, 2-way matching results, recurring expense estimations, approvals, manual accruals, booking confirmations, and reversals, keeping stakeholders informed at every stage.
Are the notifications actionable or just informative?
Notifications can be both informative and actionable. Actionable notifications include direct links to relevant application screens, enabling stakeholders to review, approve, or address tasks promptly.
How does the Co-Pilot handle notifications for manual accruals?
The Co-Pilot sends notifications when manual accruals are created, updated, or approved, ensuring stakeholders are aware of manually reported expenses and any actions required.
Can notifications be customized for specific stakeholders or processes?
Yes. Notifications are configurable based on stakeholder roles, departments, or business units, ensuring that only relevant users receive updates and actionable alerts tailored to their responsibilities.
How do notifications improve the efficiency of the accruals process?
Real-time notifications keep stakeholders informed and engaged, reducing delays in approvals, addressing mismatches, and ensuring accurate and timely posting and reversal of accruals.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!