Reconciliation of Bank Statements

Hyperbots Payment Co-pilot automates the reconciliation of invoices with bank transactions, using Al for intelligent matching, anomaly detection, and real-time updates to ERP systems.

Key Features

Automated invoice matching

The co-pilot automatically matches invoices with corresponding payment transactions in bank statements, reducing manual effort.

Intelligent reference matching

Uses AI to match transaction references, such as invoice numbers, vendor names, or payment IDs, even with slight discrepancies.

Partial and multi-invoice payments

Supports reconciliation of partial payments or single payments covering multiple invoices, ensuring accurate allocation.

Anomaly detections

Identifies mismatches or discrepancies between invoices and bank transactions, flagging them for review.

Customizable reconciliation rules

Allows configuration of matching rules based on company policies, such as thresholds for tolerances or specific fields to prioritize.

Comprehensive audit trails

Maintains detailed logs of all payment actions, including user interactions and system actions, ensuring traceability and compliance.

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: Reconciliation of Bank Statements

Does the Co-pilot support reconciliation for partial or multi-invoice payments?

How does the Co-pilot automate invoice matching with bank transactions?

Can the Co-pilot handle discrepancies in transaction references?

How does the Co-pilot detect anomalies during reconciliation?

Can reconciliation rules be customized to suit company policies?

Why Hyperbots Agentic AI Platform?

Why choose hyperbots agentic AI: finance-first, accurate, adaptable AI

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

Designed by CFOs for CFOs

We worked with several CFOs to solve the right problems.

Hear what they have to say!

Designed by CFOs for CFOs

We worked with several CFOs to solve the right problems.

Hear what they have to say!

Ready to take the next steps?

Book a demo with one of our Financial Technology Consultants to get started!