Notifications for Vendor Management
Hyperbots Vendor Management Co-Pilot sends real-time notifications for vendor onboarding, invoice, PO, and payment status, ensuring stakeholders stay informed.
Key Features
Vendor onboarding notifications
Notifications alert stakeholders when the Co-pilot validates or rejects vendor identity documents, such as W-9 forms and contracts, based on pre-defined rules.
2-Way and 3-way matching notifications for invoices
Stakeholders are notified about the results of 2-way matching between vendor invoices and POs, highlighting matched items and discrepancies for review.
Vendor approval workflow notifications
The co-pilot notifies approvers about pending vendor approvals or corrections in their workflow, including actionable links for easy access to the required screens.
Unverified vendor notifications
Alerts are sent when vendor information remains unverified or incomplete, ensuring stakeholders can address issues to avoid workflow delays.
Vendor data update notifications
Notifications are sent when vendor information, such as bank details or contact information, is updated or corrected, ensuring stakeholders are informed of changes.
Vendor payment notifications
Notifications confirm when payments are successfully processed for vendors, including remittance details for transparency.
PO change and partial payment notifications
Stakeholders and vendors receive alerts when POs are modified or partial payments are processed, ensuring all parties remain updated on changes.
Spend optimization due to vendor rationalization
Co-pilot helps in spend reduction by consolidating suppliers, enabling bulk discounts, reducing administrative costs and improving procurement efficiency
Vendor onboarding effort
AI-enabled automation in vendor information capture and W-9 form verification significantly reduces vendor onboarding time by streamlining data entry, ensuring compliance, and minimizing manual errors.
Realtime status update
A vendor portal benefits vendors by providing real-time visibility into purchase orders, invoice processing, and payment statuses, enhancing transparency and trust
VALUE PROPOSITION
Why Hyperbots Vendor Management Co-Pilot?
Hyperbots Vendor Management Co-pilot streamlines vendor onboarding, identity verification, and collaboration while automating tasks like data uploads and real-time communication, ensuring efficiency, compliance, and transparency in vendor relationships.
Before and After Hyperbots Vendor Management Co-Pilot
FAQs: Notifications for Vendor Management
How does the Co-pilot notify vendors and stakeholders about vendor-related discoveries?
Configurable notifications alert relevant users when vendor onboarding documents, like identity proofs or W-9 forms, are validated or rejected, ensuring all stakeholders are informed of progress.
Are stakeholders notified about 2-way matching issues in vendor invoices?
Yes, stakeholders receive notifications detailing the results of 2-way matching between vendor invoices and POs, highlighting matched and unmatched items for review.
Does the Co-pilot notify stakeholders about recurring vendor expenses?
Yes, recurring vendor-related expense notifications are sent to relevant stakeholders, providing estimates and ensuring awareness of forecasted liabilities.
How does the Co-pilot handle approval workflow notifications?
The Co-pilot sends notifications to approvers for pending vendor approvals or invoice corrections, including actionable links to streamline the approval process.
What remittance communication does the vendor receive from the Co-pilot?
Vendors receive remittance notifications detailing payment information, including invoice numbers, amounts paid, and payment dates, ensuring transparency and reducing follow-up queries.
Does the vendor receive PO change or partial payment notifications?
Yes, the Co-pilot notifies vendors of any changes to purchase orders or partial payment details, ensuring they are aware of adjustments and updates in real-time.
Do stakeholders get updates on vendor data changes or reversals?
Notifications are sent to stakeholders for any changes in vendor records, such as updated identity documents, or for reversals in payments or vendor status, ensuring complete 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.
