Automating Vendor Payments with Agentic AI
Supports multiple payment methods, automates reconciliation, and integrates with ERP systems to reduce manual work and improve accuracy.
Key Features
Wire transfers
Automatically prepares wire transfer instructions for secure, accurate payments, both domestic and international.
Credit card payments
Handles approved credit card transactions automatically, including vendor payments and recurring charges.
Real-time payment systems
Connects with networks like RTP and SEPA Instant to enable fast, efficient payments with real-time settlement.
Payment reconciliation across methods
Accurately matches all payment types with ERP records, giving a complete and consistent view of payment statuses.
Audit trail for all methods
Tracks all activity across wire, card, and digital payments in detailed logs to support transparency and compliance.
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: Other Payment Methods
How does the Co-pilot handle wire transfers for domestic and international payments?
The Co-pilot automates wire transfer instructions by populating required fields like IBAN, SWIFT codes, and beneficiary details directly from approved invoices, ensuring accuracy and secure processing.
Can the Co-pilot process credit card payments?
Yes, it supports automated credit card payment processing for vendor transactions and recurring charges, integrating with payment gateways and logging transactions in the ERP for seamless tracking.
Does the Co-pilot support digital wallet payments?
Absolutely, it facilitates payments through digital wallets like PayPal and Stripe, generating payment requests and reconciling transaction details for vendors preferring online payment methods.
How does the Co-pilot ensure accurate reconciliation across payment methods?
It matches wire transfers, credit card payments, and digital wallet transactions to invoices, updates GL accounts, and maintains an audit trail to ensure compliance and transparency.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!