PR/PO Configurability
The Hyperbots PR/PO Co-Pilot offers flexible configuration for PR and PO forms, allowing customization of essential fields, prioritization through severity levels, selective inclusion in POs, and ensuring data accuracy and compliance.
Key Features
Customizable PR fields
Configures various fields such as general details, line items, payment terms, dates, and addresses to capture all necessary procurement information tailored to your organization’s needs.
Severity levels for field validation
Assign priority levels (critical, high, medium, low) to each field, guiding the approval workflow and triggering specific actions like mandatory approvals or additional validations.
Guided approval and editing processes
Use severity levels to direct approvers on which fields require thorough review and streamline the editing process for necessary changes, ensuring accuracy and compliance.
Selective field inclusion for POs
Chooses which PR fields to include in POs, ensuring that only relevant information is carried over, maintaining clarity and consistency in procurement documentation.
Enhanced data accuracy and compliance
Configurable fields and severity settings minimize data entry errors and ensure compliance with internal policies and external regulations, reducing the risk of inaccuracies.
User-friendly configuration interface
Utilize an intuitive interface to easily customize PR and PO fields and make dynamic adjustments as organizational needs evolve, empowering procurement teams to efficiently manage forms.
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
VALUE PROPOSITION
Why Hyperbots 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.
Before and After Hyperbots PR/PO Co-Pilot
FAQs: PR/PO Configurability
What fields can you configure in a Purchase Requisition (PR)?
Users can configure general details, line items, payment terms, delivery dates, and addresses to tailor the PR to the organization’s procurement needs.
Can Purchase Order (PO) fields be different from PR fields?
Yes, users can select different fields for POs, allowing tailored information while maintaining consistency in procurement documentation.
Can there be a workflow based on the severity of fields?
Yes, users can assign severity levels to fields, guiding the approval workflow with actions like mandatory approvals or additional validations.
Who has the rights to configure fields in the PR/PO Co-Pilot?
Authorized personnel such as procurement managers, finance officers, or system administrators have the rights to configure PR and PO fields.
Who approves the configurations of PR and PO fields?
Senior procurement managers, finance directors, or compliance officers typically approve any configuration changes.
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!