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.

Verifies quantity and pricing accuracy to ensure contract compliance

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?

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!