Integration with Tax Dictionaries
Hyperbots' Sales Tax and Use Tax Dictionary Interface provides comprehensive tax rules and rates, updated in real-time, to accurately apply jurisdiction-specific taxes to each line item.
Key Features
Comprehensive tax coverage
Maintains a vast library of tax codes and rates across jurisdictions. Ensures precise sales and use tax calculations everywhere.
Real-time data retrieval
Connects to updated tax databases automatically. Prevents errors caused by outdated information.
Contextual matching
Maps line items to correct tax rates based on location and product/service type. Adjusts for exemptions, reduced rates, or special conditions.
Automated updates & alerts
Periodically refreshes tax data and notifies users of changes. Keeps invoices aligned with the latest regulatory requirements.
Exception handling & overrides
Flags mismatches between assigned categories and local rules. Captures user corrections to refine future classifications.
Sales tax compliance
Co-pilot verifies applicable sales tax for every invoice and line item automatically
Tax underpayment
Co-pilots acts as a preventive methods against over or under charged sale tax by vendors
Auditability
Human Errors
Reputation
VALUE PROPOSITION
Why Hyperbots Sales
Tax-Verification Co-Pilot?
Hyperbots Sales Tax Verification Co-pilot automates tax validation for invoices, leveraging AI to ensure compliance with regional tax laws and eliminating errors, reducing manual effort and financial risks.
Before and After Hyperbots Sales Tax Verification Co-Pilot
FAQs: Integration with Tax Dictionaries
What is the “Sales Tax and Use Tax Dictionary Interface”?
It’s a system that integrates with a comprehensive tax database, providing up-to-date rules, codes, and rates to ensure accurate sales and use tax calculations for each jurisdiction.
How does it achieve Comprehensive Tax Coverage?
The interface references an extensive library of tax codes and rates across cities, counties, and states, ensuring precise tax calculations for every location.
What is Real-Time Data Retrieval, and why is it important?
The system automatically fetches the latest tax information from an updated database, reducing manual lookups and minimizing errors caused by outdated rates or regulations.
How does Contextual Matching to Line Items work?
It analyzes location, product/service type, and special exemptions or reduced rates to map each line item to the correct tax category, preventing misapplied taxes.
What about Automated Updates & Alerts?
Periodic refreshes ensure the interface adapts to new laws or rate changes, while alerts notify users of important tax updates, keeping invoicing practices compliant.
Can users override discrepancies flagged by the system?
Yes. When mismatches occur between assigned categories and local rules, the interface flags these for review and allows users to override the classification, refining future accuracy.
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.
