Sales Tax Verification Co-pilot
THE PROBLEM
The problem it is solving
THE SOLUTION
Sales Tax Verification Co-pilot
Extracts and categorizes the line item into tax category for a given origin and destination zip codes.
Automatically verifies the accuracy of sales tax calculations on invoices, ensuring compliance with tax regulations.
Suggests correct withholding rates based on payer and recipient jurisdiction.
Talks to Invoice Processing Co-pilot as needed.
Sales tax compliance
Co-pilot verifies applicable sales tax for every invoice and line item automatically
Tax underpayment
Co-pilot acts as a preventive method against over or under-charged sales tax by vendors
Auditability
Human errors
Reputation
VALUE PROPOSITION
Why Hyperbots Sales
Tax-Verification Co-Pilot?
Hyperbots Sales Tax Verification Co-pilot automates tax validation for invoices, leveraging AI to ensure compliance with regional tax laws and eliminating errors, reducing manual effort and financial risks.
Key Functional Capabilities of Hyperbots Sales Tax Verification Co-Pilot
Extraction and validation of line item details
Extract invoice line items and validate their quantity, price, and description for accuracy.
Extraction and validation of origin and destination addresses
Retrieve and verify shipping (destination) and vendor (origin) addresses for tax applicability.
Classification of line Iitem into tax category
Categorize line items to determine applicable tax rates and exemptions based on type.
Sales tax and use tax dictionary interface
Integrate with a tax dictionary or database to access jurisdiction-specific tax rules.
Identification and reporting of mismatch
Detect discrepancies between expected and invoiced tax details and report them.
Economic nexus-based tax triggers
Apply economic nexus thresholds to determine if sales tax collection is required.
Enabling higher tax compliance
Implement automated tools and workflows to ensure accurate and timely tax compliance.
Notifications
Hyperbots Agentic AI generates contextual, real-time notifications of tax anamolies discovered.
Audit trails
The Hyperbots Co-Pilot maintains a comprehensive audit trail capturing timestamps, actions, and data for every AI or human decision, ensuring full transparency for audits and reviews.
Pre-trained models
The Hyperbots sales Tax Verification Co-pilot, built on the Agentic AI platform, is pre-trained on shipping and origin addresses and line item tax categories. High accuracy, and adaptability to any reconciliation need from day one of going live.
Multi-entity support
The Hyperbots Co-Pilot seamlessly integrates with multiple ERP systems and instances across various entities, providing a unified task view through agentic AI and simplifying operations in complex, multi-ERP environments.
Key General Capabilities of Hyperbots Sales Tax Verification AI Co-pilot
Unlimited access
Hyperbots Co-pilots offer unlimited user access at no extra cost, fostering collaboration and scalability without per-user licensing constraints.
Industry specific
Hyperbots Co-pilots provide industry-specific finance AI with tailored workflows, document handling, tax validations, and customizable features for efficient and precise processing across diverse sectors.
Company specific
Hyperbots Co-pilots enable quick, no-code customization for company-specific needs, from ERP integration to workflows and GL structures, ensuring tailored integration with its agentic AI.
Integrations
Hyperbots integrates seamlessly with ERPs and other systems, enabling real-time, exhaustive, secure, and scalable data exchange to support end-to-end AI automation.
24X7
Hyperbots Co-pilots work 24x7, automating tasks and notifying humans of exceptions, ensuring continuous productivity and efficient collaboration.
Human-in-the-loop
Hyperbots Co-pilots ensure seamless collaboration with humans through exception handling, approval workflows, actionable insights, and adaptive learning.
Process specific
Hyperbots Co-pilots use the Agentic AI platform's domain-specific training and collaborative agents to deliver tailored, scalable, and efficient process-specific automation.
Self learning
Hyperbots Co-pilots use self-learning to adapt to company-specific workflows, refine accuracy, and dynamically align with evolving business needs.
Intelligence elements
Hyperbots Co-pilots, built on the Agentic AI platform, leverage advanced capabilities like Redaction, OCR, LLMs, VLMs, MOE, Reasoning, Math Interpretation, Recommenders, and Predictive Engines to enable intelligent, efficient task execution.
Functional elements
Hyperbots Co-pilots encapsulate platform capabilities like Workflow, Notifications, Security, Analytics, SSO, and Observability, along with User Portals, Audit Trails, Mobile Apps, Permissions, and Roles, ensuring secure, configurable, collaborative, and auditable operations.
Ready to deploy
Hyperbots Co-pilots are ready-to-deploy, no-code solutions with pre-trained agents and ERP connectors, enabling rapid, tailored setup without third-party integrators.
AI-native
Hyperbots Co-pilots’ AI-native design ensures purpose-built precision and transformative productivity and value for finance operations.
Process before and after Hyperbots Sales Tax Verification Co-Pilot
Why Hyperbots Agentic AI Platform?
Finance specific
Hyperbots Agentic AI platform specializes exclusively in finance and accounting intelligence, leveraging millions of data points from invoices, statements, contracts, and other financial documents. No other platform has such large pretrained models on F&A data.
Best-in-class accuracy
Hyperbots achieves 99.8% accuracy in converting unstructured data to structured fields through a multimodal MOE model integrating LLMs, VLMs, and layout models. With contextual validation and augmentations, the platform ensures 100% accuracy for deployed agents.
Synthesis of unstructured and strutured finance data
Hyperbots agents emulate finance professionals to autonomously perform F&A tasks by reading and writing data like COA, expenses, and vendor masters from core accounting systems and integrating it with unstructured data from financial documents such as invoices, POs, and contracts.
Pre-trained agents with state of the art models
Hyperbots' Agentic platform, pre-trained on millions of financial documents like invoices, bills, statements, and contracts, ensures seamless integration, high accuracy, and adaptability to any accounting content, form, layout, or size from day one.
Company specific inference time learning
Hyperbots' Agentic platform employs state-of-the-art Auto ML pipelines with techniques like reinforcement learning to enable inference-time learning for tasks such as GL recommendation and cash outflow forecasting, ensuring continuous improvement and adaptability.
Ready to take the next steps?
Book a demo with one of our Financial Technology Consultants to get started!