GL Posting for Accruals
Hyperbots accrual co-pilot integrates with ERPs to automate invoice writing and GL posting, validating transactions through read-back checks and ensuring accurate double-entry bookkeeping without human intervention.
Key Features
Seamless ERP integration
The co-pilot integrates with ERP systems to ensure that the recommended GL codes are consistent with the organization's financial structure, enhancing data accuracy and consistency across platforms.
Read-back validation
After posting, the co-pilot validates transactions by reading back the written data from the ERP and comparing it with the intended data, ensuring 100% accuracy or detecting anomalies.
Double-entry bookkeeping
The Co-pilot leverages the ERP’s in-built debit/credit mechanisms to maintain proper double-entry bookkeeping.
Error detection and transparency
Any discrepancies detected during validation are flagged, and detailed error logs are generated in the co-pilot UI for review and resolution.
End-to-end automation
The ultimate goal is to achieve automated GL posting without human intervention, which the co-pilot accomplishes with 100% accuracy, significantly reducing manual effort.
Scalable and adaptable for ERP variations
The system adapts to the unique posting workflows of various ERPs, ensuring seamless compatibility across platforms like SAP, NetSuite, and QuickBooks.These features ensure efficient and error-free invoice posting, aligning with double-entry bookkeeping principles and automating financial operations.
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: GL Posting for Accruals
How does the Hyperbots Accruals Co-Pilot integrate with ERPs for GL posting?
What is the role of read-back validation in the posting process?
Does the Co-Pilot ensure compliance with double-entry bookkeeping principles?
How are errors during GL posting identified and addressed?
Can the Co-Pilot adapt to different ERP systems and workflows?
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!