Payment Processing By ACH
Hyperbots Payment Co-pilot streamlines ACH payments by automating secure file generation, enabling bank-specific formats, and ensuring authorized access and detailed audit trails.
Key Features
Automated ACH file generation
The co-pilot automatically generates ACH files for payments based on approved payment instructions.
Secure file handling
Ensures ACH files are created and stored securely, complying with industry standards for data protection.
Customizable bank file format
Supports the creation of ACH files in formats specific to different banks, ensuring seamless compatibility.
Authorized access for file downloads
Only authorized finance staff can download ACH files, ensuring security and accountability in payment processes.
Simplified bank portal uploads
Files generated by the Co-pilot are ready for direct upload to bank portals, streamlining the payment process.
Audit trail for ACH payments
Maintains a detailed audit trail for all ACH-related actions, including file generation, downloads, and uploads.
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: Payment Processing By ACH
How does the Co-pilot handle ACH file generation?
The Co-pilot automatically generates ACH files for payments based on approved payment instructions, ensuring seamless processing for vendor payments.
Are ACH files created securely?
Yes, ACH files are encrypted during generation and transfer, complying with industry standards to ensure secure handling and data protection.
Can the Co-pilot generate ACH files specific to different banks?
Absolutely, the Co-pilot supports customizable bank file formats, allowing companies to generate ACH files tailored to the requirements of various banks.
Who can access and download ACH files?
Only authorized finance staff with appropriate roles can download ACH files, maintaining security and accountability in the payment process.
Can multiple ACH files be generated at the same time based on vendors and banks?
Yes, the Co-pilot can generate multiple ACH files simultaneously, segregating them by vendors and banks to streamline payment processing.
Does the Co-pilot maintain a record of ACH payment actions?
Yes, the Co-pilot provides a detailed audit trail of all ACH-related actions, including file generation, downloads, and uploads, ensuring transparency and traceability.
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!