Budget Control

The feature monitors budget allocations in real-time and sends automated alerts when spending approaches or exceeds set limits.

Key Features

Real-time budget monitoring

Continuously tracks budget allocations and expenditures across all departments when PR is being raised, ensuring procurement stays within financial limits.

Automated budget alerts

Sends instant notifications when spending nears or exceeds budget thresholds at the time of PR raise, enabling proactive management to prevent overspending.

Integration with financial systems

Seamlessly connects with ERP and financial systems to synchronize budget data, providing accurate and up-to-date information for procurement decisions.

Approval workflows for budget exceedances

Automates approval processes for purchase requisitions that go beyond budget limits, routing requests to authorized personnel for review and approval.

80%

PO creation & dispatch time

Converts approved PR into PO automatically based on the company's templates. It can send POs automatically to vendors based on configurations.

5min

PR creation time

Co-pilot auto-fills most of the complex forms in ERPs and procurement systems by reducing the effort to 5 minutes

Auditability

Human Errors

Approvals

PO Closing & Other KPIs

VALUE PROPOSITION

Why Hyperbots Procurement
Co-Pilot?

Hyperbots PR/PO Co-pilot automates purchase requisition and order processes, including PR creation, approval workflows, and PO dispatch, ensuring efficiency, compliance, and seamless integration with ERP systems.

Before and After Hyperbots PR/PO Co-Pilot

FAQs: Budget Control

What happens when a Purchase Requisition (PR) is raised and the budget is exceeded?

What happens when a PR is within budget?

Is PR creation allowed if it exceeds the budget, or is it configuration-based?

Can you have a different workflow for purchases that are beyond the budget?

Does the Co-Pilot send special alerts for out-of-budget PRs?

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!