Automating Check Payments Using Agentic AI
Handles check generation, secure data transfer, and flexible printing options to reduce manual work and support consistent payment operations.
Key Features
Automated check file generation
Automatically generates check files from approved payment details, making them ready for processing or printing without manual effort.
Customizable check templates
Supports custom check templates via ERP or third-party tools, ensuring alignment with branding and bank formats for smooth printing and processing.
Flexible check printing options
Enables check printing through third-party providers or directly via ERP systems, offering flexibility based on internal processes or external partnerships.
Integration with bank reconciliation
Tracks issued and cleared checks by integrating with bank reconciliation, helping maintain accurate records and simplifying payment tracking.
Secure check data handling
Protects sensitive check details, like account numbers and payee info, through secure generation, sharing, and processing to maintain confidentiality and prevent unauthorized access.
Audit trail for check payments
Keeps a complete record of check activities, from file creation to printing and distribution, helping ensure transparency, traceability, and accountability throughout the payment process.
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: Payment Processing By Check
How does the Co-pilot handle check file generation?
The Co-pilot automates the creation of check files based on approved payment instructions, ensuring they are formatted and ready for printing or processing.
Can the Co-pilot support customized check templates?
Yes, the Co-pilot allows the use of company-specific check templates, including custom logos, addresses, and MICR line formatting, ensuring compliance with branding and bank standards.
What printing options are available for checks?
The Co-pilot provides flexible options, allowing check files to be shared with third-party printers or enabling local check printing through integrated ERP workflows.
How does the Co-pilot integrate with bank reconciliation?
It tracks issued and cleared checks by integrating with reconciliation processes, automatically updating the ERP to mark checks as cleared or outstanding.
Is sensitive check data handled securely?
Absolutely, the Co-pilot ensures the secure generation, sharing, and processing of sensitive check information, with encryption applied at all stages.
Does the Co-pilot maintain a record of check-related activities?
Yes, an audit trail is maintained for all check payment actions, logging details from file generation to printing and distribution, ensuring transparency and accountability.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!