Fraud Prevention
Hyperbots Payment Co-pilot prevents fraud through duplicate payment checks, anomaly detection, vendor and bank account validation, and real-time alerts.
Key Features
Duplicate payment prevention
Prevents potential duplicate payments by analyzing invoice numbers, amounts, vendors, and payment dates.
Fraud prevention by anomaly detection
Uses AI to monitor payment patterns and flags irregularities such as unexpected payment amounts or unauthorized vendors.
Vendor validation
Ensures payments are made only to verified vendors by cross-checking vendor details against the master database.
Multi-layered approval processes
Configurable workflows require multi-level approvals for high-value payments or those flagged as suspicious.
Bank account verification
Verifies the accuracy and authenticity of vendor bank account details before processing payments.
Monitoring of payment terms compliance
Ensures adherence to agreed payment terms, preventing early payments that could lead to cash flow issues or fraud.
Suspicious activity notifications
Sends real-time alerts to finance teams when irregularities or fraud risks are detected during payment processing.
Comprehensive audit trails
Maintains detailed logs of all payment actions, including user interactions and system actions, ensuring traceability and compliance.
10%
Cash outflow
Co-pilot optimizes payment timings and methods, analysing
payment terms, discounts, penalties and, cost of capital
Vendor satisfaction
Vendors have higher satisfaction as they know real-time status of invoice processing and payments
Auditability
Human Errors
Approvals
Reconciliations & Other KPIs
VALUE PROPOSITION
Why Hyperbots Payments
Co-Pilot?
Hyperbots Payments Co-pilot automates payment processing with features like timing recommendations, approval workflows, and multi-method support (ACH, checks, wire transfers), ensuring secure, efficient, and compliant financial operations.
Before and After Hyperbots Payments Co-Pilot
FAQs: Fraud Prevention
How does the Co-pilot prevent duplicate payments?
Can the Co-pilot detect fraudulent payment patterns?
How does vendor validation help prevent fraud?
What measures does the Co-pilot take for high-value or suspicious payments?
Does the Co-pilot verify vendor bank account details?
How does the Co-pilot ensure payment terms compliance?
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
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!