GL Posting
The Hyperbots Payment Co-Pilot updates the GL for payments at all appropriate places like cash accounts and Accounts Payable accounts.
Key Features
Automatic GL posting
The co-pilot leverages the agentic AI platform to automatically pre-fill General Ledger (GL) codes based on payment accounts and respective invoice line item GL accounts
Pre-trained on line items and codes
The system is pre-trained on extensive datasets of line items and corresponding GL codes, enabling accurate and reliable code recommendations tailored to specific procurement needs.
Reduced manual effort
By automating the GL code assignment, the co-pilot significantly reduces the effort required by individuals to manually search and enter appropriate codes, streamlining the PR creation process.
Seamless ERP integration
The Co-pilot integrates with ERPs via Hyperbots connectors, enabling automated invoice writing and GL posting. Integration supports both single-step and two-step processes, depending on the ERP.
Override capability for flexibility
Users retain full control by having the ability to override the automatically recommended GL codes within the PR user interface, allowing for adjustments and custom allocations as needed.
Enhanced accuracy and compliance
Automated pre-filling minimizes human errors in GL code entry, ensuring that expenses are accurately allocated and compliant with financial policies and accounting standards.
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
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
How does the Co-pilot update GL accounts after a payment is made?
Does the Co-pilot handle updates to Accounts Payable (AP)?
Are GL updates aligned with the specific payment method used?
Can the Co-pilot manage GL updates for multi-invoice payments?
Does the Co-pilot log GL updates for audit purposes?
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!