Extraction of PR Fields from Contract
The PR/PO Co-pilot leverages advanced extraction models to automatically capture essential fields like vendor details, line items, payment terms, and delivery dates from contracts.
Key Features
Multi-model field extraction
Integrates vision-language models for structured data with LLMs and layout models to accurately extract information from complex formats like tables.
Pre-training on millions of documents
Trained on a vast, annotated dataset to ensure reliable performance across various contract types and industries.
Field-specific model optimization
Utilizes specialized models for different data types (e.g., numerical fields, line items) to enhance extraction accuracy for each category.
Chain-of-thought reasoning
Applies contextual logic to maintain consistent interpretation and relationships between related fields within the contract.
Line-item parsing with spatial intelligence
Uses advanced table-parsing and positional analysis to accurately capture multi-line purchase order details.
Intelligent line-item validation
Ensures precise calculations by verifying relationships between quantity, unit price, extended amounts, and other key fields, maintaining compliance with contractual terms.
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: Extraction of PR Fields from Contract
What fields does the PR/PO Co-Pilot extract from contracts or SOWs?
What time savings does the PR/PO Co-Pilot achieve by extracting these fields?
What technology does the PR/PO Co-Pilot use to extract these fields?
Does the PR/PO Co-Pilot also perform validation?
Does the PR/PO Co-Pilot highlight where human input is necessary based on confidence?
Does the PR/PO Co-Pilot perform inference-time learning?
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!