Managing Manual Accruals with Agentic AI
Supports secure entry of accruals, configurable approvals, and real-time tracking with seamless ERP integration.
Key Features
Manual accrual entry interface
A secure and easy-to-use interface for finance teams to enter accruals manually when needed.
Key information fields
Allows users to enter essential details like vendor name, line items, amounts, delivery dates, and reasons for the accrual.
Structured data collection
Guides users to fill in all required fields in a consistent format, helping reduce errors and maintain data quality.
Accrual reporting without documentary evidence
Allows employees to log accruals even without supporting documents, so important expenses aren’t missed.
User-friendly design
A clear and intuitive interface helps employees enter accruals quickly and with minimal effort.
Flexible roles and access permissions
Only authorized users can create, review, or approve manual accruals, with role-based controls in place to prevent unauthorized entries.
Automated ERP integration and reversal handling
Approved manual accruals are automatically posted to the ERP via Hyperbots Connectors. Reversals can happen automatically based on set rules or be triggered manually, ensuring accuracy and control.
KEY BENEFITS
Accruals Co-Pilot automates detection, posting, and reversal, wiping out month-end busywork; machine learning sharpens forecasts and audit trails; policy-aware configuration snaps into any ERP—cutting errors, risk, and workload in one stroke.
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
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.
FAQs: Manual Accruals
How does Hyperbots Accruals Co-Pilot enable employees to report manual accruals?
The Co-Pilot provides a secure portal where authorized employees can input critical details such as vendor information, amounts, service or goods delivery dates, and justification for the accrual, ensuring accurate reporting even without documentary evidence.
What information is required to create a manual accrual entry?
Employees must provide key details, including the vendor name, line item specifics, accrual amount, delivery or service date, and a clear justification to support the manual accrual entry.
Can manual accruals go through an approval process?
Yes. The Co-Pilot supports configurable approval workflows where accruals can be routed through appropriate approvers based on department, business unit, or threshold values before they are posted.
How does the Co-Pilot ensure security and prevent unauthorized manual accrual entries?
Role-based access permissions ensure that only authorized personnel can create, review, or approve manual accruals, maintaining security and compliance.
Are manually reported accruals integrated into the ERP?
Once approved, manual accruals are seamlessly posted to the ERP using Hyperbots Connectors, ensuring accurate and timely financial reporting.
How does the system handle reversals for manually reported accruals?
Reversals can be automated based on predefined rules or triggered manually when required, ensuring that accruals are adjusted accurately in the financial records.
Does the Co-Pilot provide transparency for manually reported accruals?
Yes. All manually reported accruals are tracked in real-time with visible status updates, and an audit trail is maintained for compliance and internal reviews.