Streamlining GL Posting for Payment Workflows
Automates updates to cash and AP accounts using Agentic AI, improving reconciliation accuracy and visibility into cash flow.
Key Features
Automatic GL posting
Automatically fills in General Ledger codes based on payment details and invoice line items, reducing manual entry and errors.
Pre-trained on line items and codes
Trained on a wide range of line items and GL codes to suggest the most relevant codes for each purchase, ensuring accurate and context-aware recommendations.
Reduced manual effort
Automated GL code assignment cuts down on manual lookups and data entry, making PR creation faster and easier.
Seamless ERP Integration
Integrates with ERP systems to ensure GL codes align with financial structures, improving accuracy and consistency across platforms.
Override capability for flexibility
Automatically suggested GL codes can be easily adjusted in the PR interface, allowing custom edits when needed.
Enhanced accuracy and compliance
Automated GL code entry reduces errors and ensures expenses align with financial policies and accounting standards.
KEY BENEFITS
Payment Co-Pilot boosts cash flow by timing payments for discounts, routes approvals automatically for same-day releases, supports ACH, checks, and wire transfers with a full audit trail—delivering accurate, secure payments and tighter spend control.
10%
Cash outflow
Co-pilot optimizes payment timings and methods, analyzing 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
Before and After Hyperbots Payments Co-Pilot
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: GL Posting
How does the Co-pilot update GL accounts after a payment is made?
The Co-pilot automatically updates cash or credit accounts upon payment, ensuring the company’s financial records are accurate and up-to-date.
Does the Co-pilot handle updates to Accounts Payable (AP)?
Yes, the Co-pilot updates AP accounts for each invoice line item associated with the payment, reflecting the reduction in liabilities accurately.
Are GL updates aligned with the specific payment method used?
Absolutely, the Co-pilot ensures that GL entries reflect the payment method, such as ACH, check, or wire transfer, maintaining consistency in financial reporting.
Can the Co-pilot manage GL updates for multi-invoice payments?
Yes, the Co-pilot handles payments involving multiple invoices, updating the GL for each line item associated with the payment.
Does the Co-pilot log GL updates for audit purposes?
Yes, the Co-pilot maintains an audit trail for all GL updates, including details such as payment method, associated invoices, and timestamps, ensuring transparency and accountability.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!