Notifications for Payments
Hyperbots Payment Co-Pilot sends real-time notifications for payment creation, approval, rejection and reconciliation.
Key Features
Payment creation notifications
Alerts stakeholders when a new payment is created, ensuring all necessary details like amounts, vendors, and due dates are accurately captured.
Payment approval workflow notifications
Notifies approvers about pending payment approvals or corrections, with actionable links for timely authorization and compliance.
Payment rejection notifications
Sends alerts when a payment is rejected, detailing reasons like mismatched amounts or unverified vendor details, and guiding resolution.
Remittance notifications
Notifies vendors and teams about processed payments, including remittance advice with payment amounts, invoices, and dates for transparency.
Payment reconciliation notifications
Alerts stakeholders once payments are reconciled with bank transactions, detailing matched payments and any flagged discrepancies.
Payment modification or cancellation notifications
Notifies users of payment modifications, such as partial payments or cancellations, ensuring stakeholders are updated and aligned.
Audit trail and compliance notifications
Provides updates on payment activities like approvals and reconciliations, maintaining transparency and supporting audit requirements.
10%
Cash outflow
Co-pilot optimizes payment timings and methods, analysing
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
VALUE PROPOSITION
Why Hyperbots 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.
Before and After Hyperbots Payments Co-Pilot
FAQs: Notifications for Payments
How does the Co-pilot notify stakeholders about payment creation?
The Co-pilot sends alerts whenever a new payment is created, providing details like payment amount, vendor, and due date to ensure accuracy and transparency.
Can the Co-pilot notify approvers about pending payment approvals?
Yes, it notifies approvers about pending approvals or required corrections, offering actionable links for easy access and timely authorization.
What happens if a payment is rejected?
The Co-pilot sends rejection notifications, detailing the reasons, such as mismatched amounts or unverified vendor details, and provides guidance for resolution.
How does the Co-pilot handle remittance notifications?
It notifies vendors and internal teams about processed payments, including remittance advice with details like payment amount, invoice references, and payment date.
Does the Co-pilot notify users about payment reconciliation?
Yes, it alerts stakeholders once payments are reconciled with bank transactions, providing details of matched payments and flagged discrepancies for review.
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.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!