Notifications for Accruals
Hyperbots Accrual Co-pilot sends real-time notifications for accrual discovery, matching, approvals, manual accruals, booking, and reversals, ensuring stakeholders stay informed.
Key Features
Configurable accrual discovery notifications
Notifications alert stakeholders when the co-pilot identifies all types of accruals on the cut-off date, based on pre-defined configurations.
2-way matching notifications
Stakeholders receive notifications about the results of 2-way matching between POs and GRNs, highlighting discrepancies and matched items.
Recurring expense estimation notifications
Notifications inform relevant users of recurring expense accrual estimates generated by the co-pilot, ensuring awareness of forecasted liabilities.
Approval workflow notifications
The co-pilot notifies approvers about pending accrual approvals in their workflow, including actionable links for easy access to approval screens.
Unapproved invoice notifications
Alerts are sent when unapproved invoices are moved into the accruals process, ensuring stakeholders are aware of pending approvals affecting accruals.
Manual accrual notifications
Notifications are sent when manual accruals are created, updated, or approved, keeping stakeholders informed about manually reported expenses.
Accrual booking notifications
Notifications confirm when accruals are successfully booked into the ERP, providing stakeholders with details of the posted entries.
Reversal notifications
Stakeholders receive alerts for accrual reversals, indicating whether they were triggered automatically or through a manual process, along with relevant details.
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: Notifications
What types of notifications does the Hyperbots Accruals Co-Pilot send?
Are the notifications actionable or just informative?
How does the Co-Pilot handle notifications for manual accruals?
Can notifications be customized for specific stakeholders or processes?
How do notifications improve the efficiency of the accruals process?
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!