Automated Booking of Accruals
The Hyperbots Accruals Co-Pilot automatically posts approved accrual entries into the ERP by identifying the correct GL accounts for each of the four expense types and leveraging its ERP connectors.
Key Features
Identification of accrual types and relevant GL accounts
The Accruals Co-Pilot classifies expenses (e.g., GRNI, SRNI, non-PO utilities) and uses a rule engine to map them to the correct GL accounts, ensuring proper accounting treatment.
Validation and approval workflow integration
Accruals are either auto-approved (low-risk, recurring items) or routed to designated personnel for manual approval. Only after meeting these conditions does the Co-Pilot proceed with posting, ensuring compliance and control.
Seamless ERP integration through hyperbots connectors
Using specialized connectors, the Co-Pilot posts accruals directly into the ERP in real-time, preventing delays and reducing manual work through automated, intelligent journal entries.
Error detection and exception handling
If posting issues occur (e.g., invalid GL codes, closed periods), the Co-Pilot immediately flags them, alerts the relevant teams, and helps maintain timely and accurate financial data.
Real-time status updates and audit trail
A complete audit trail logs approvals, posting times, and connector usage. Finance teams can track accrual status in real-time, improving oversight and simplifying audits.
Dynamic adjustments and re-posting if needed
The Co-Pilot can adjust previously posted accruals if updated information arises, ensuring that the ERP’s financial records remain accurate and current.
80%
Accrual processing cost
Co-pilot reports all accrued expenses using AI eliminating the need for manual accruals completely
<5%
Variance in accured Vs actual costs
Co-pilot identifies all expenses comprehensively for all type of scenarios through data using AI.
Human Errors
Accrual reversal
Month end closing pressure
Auditability
VALUE PROPOSITION
Why Hyperbots Accruals Co-Pilot
Hyperbots Accruals Co-pilot automates accrual identification, booking, and reversal processes with high configurability and accuracy, ensuring timely and compliant financial reporting while reducing manual effort and errors.
Why Hyperbots Agentic AI Platform?
Finance specific
Best-in-class accuracy
Synthesis of unstructured and strutured finance data
Pre-trained agents with state of the art models
Company specific inference time learning
FAQs: Automated Booking of Accruals
How does the Accruals Co-Pilot determine which GL accounts to use for each accrual?
Can the Accruals Co-Pilot differentiate between low-risk and high-risk accruals?
How are accrual entries posted into the ERP?
What happens if the Co-Pilot encounters errors during the posting process?
Does the Co-Pilot provide visibility into the accrual posting status?
How does the Co-Pilot handle adjustments if new information becomes available after posting?
What are the overall benefits of the Co-Pilot’s automated accrual posting process?
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!