Manual Accruals
Hyperbots Accruals Co-Pilot provides a secure portal for manually reporting accruals, enabling employees to input critical details, follow configurable approval workflows, and ensure transparency with real-time tracking.
Key Features
Manual accrual entry interface
Hyperbots Co-Pilot provides a secure and intuitive portal for reporting accruals manually.
Key information fields
Employees can input critical details such as vendor information, line item details, amounts, service or goods delivery dates, and accrual justifications.
Structured data collection
The portal ensures that all required fields are filled in a structured format, reducing errors and ensuring consistency across entries.
Accrual reporting without documentary evidence
Even in the absence of documentary evidence, employees can record accruals accurately, ensuring no critical expenses are overlooked.
User-friendly design
The interface is designed to be user-friendly, allowing employees to easily navigate and complete entries efficiently.
Flexible roles and access permissions
Access to the manual accrual reporting feature is restricted to authorized personnel, with role-based permissions controlling who can create, approve, or review these entries. This protects against unauthorized accrual entries.
Automated ERP integration and reversal handling
Once approved, manual accruals are seamlessly posted into the ERP system through Hyperbots Connectors. Reversals of these accruals can be automated based on predefined rules or triggered manually when necessary, ensuring accuracy and compliance.
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: Manual Accruals
How does Hyperbots Accruals Co-Pilot enable employees to report manual accruals?
What information is required to create a manual accrual entry?
Can manual accruals go through an approval process?
How does the Co-Pilot ensure security and prevent unauthorized manual accrual entries?
Are manually reported accruals integrated into the ERP?
How does the system handle reversals for manually reported accruals?
Does the Co-Pilot provide transparency for manually reported accruals?
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!