Other Payment Methods
Hyperbots Payment Co-pilot supports versatile payment methods, including wire transfers, credit cards, and digital wallets, ensuring secure processing and seamless integration with ERP systems.
Key Features
Wire transfers
Automates the creation of wire transfer instructions, ensuring accurate and secure payments for domestic and international transactions.
Credit card payments
Supports automated credit card payment processing for approved transactions, including vendor payments and recurring charges.
Real-time payment systems
Integrates with real-time payment networks like RTP and SEPA Instant for quick and efficient transactions.
Payment reconciliation across methods
Ensures all payment methods are reconciled accurately with ERP systems, providing a unified view of payment statuses.
Audit trail for all methods
Maintains detailed audit logs for wire transfers, credit cards, and digital payments, ensuring compliance and transparency.
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: Other Payment Methods
How does the Co-pilot handle wire transfers for domestic and international payments?
The Co-pilot automates wire transfer instructions by populating required fields like IBAN, SWIFT codes, and beneficiary details directly from approved invoices, ensuring accuracy and secure processing.
Can the Co-pilot process credit card payments?
Yes, it supports automated credit card payment processing for vendor transactions and recurring charges, integrating with payment gateways and logging transactions in the ERP for seamless tracking.
Does the Co-pilot support digital wallet payments?
Absolutely, it facilitates payments through digital wallets like PayPal and Stripe, generating payment requests and reconciling transaction details for vendors preferring online payment methods.
How does the Co-pilot ensure accurate reconciliation across payment methods?
It matches wire transfers, credit card payments, and digital wallet transactions to invoices, updates GL accounts, and maintains an audit trail to ensure compliance and transparency.
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!