Payment Approvals
Hyperbots Payment Co-pilot streamlines payment approvals with configurable workflows, partial approvals, and real-time cash status visibility, ensuring flexibility and informed decisions.
Key Features
Separation of payment and invoice approvals
Payment approvals are treated distinctly from invoice approvals, typically involving senior finance executives or higher authorities.
Configurable approval workflows
Hyperbots Co-pilots allow payment approval workflows to be defined and customized based on organizational structures or business units
Partial approvals for flexibility
The co-pilot supports partial payment approvals, enabling selective approval of specific payments within a batch.
Triggering ERP payment runs post-approval
Payment files or runs in the ERP can only be initiated after all necessary approvals are completed, ensuring compliance and accuracy.
Real-time cash status visibility
The co-pilot provides approvers with a real-time view of cash balances and liquidity in accounts to aid decision-making.
Granular role-based access
Only authorized personnel with specific roles in the workflow can view, approve, or trigger payments, ensuring security and accountability.
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: Payment Approvals
How are payment approvals handled differently from invoice approvals?Can payment approval workflows be customized? Copy
Can payment approval workflows be customized?
Does the Co-pilot support partial payment approvals?
When are ERP payment runs triggered in the workflow?
How does the Co-pilot assist in decision-making during approvals?
Is access to payment approvals restricted to authorized personnel?
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!
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