Region-Aware Sales Tax for Every Line Item
Applies up-to-date tax rules to invoice lines using a real-time dictionary and Agentic AI, enabling accurate classification and downstream automation.
Key Features
Comprehensive tax coverage
Keeps an up-to-date library of tax codes and rates for different regions, so sales and use tax are calculated accurately, no matter where the transaction happens.
Real-time data retrieval
Automatically pulls the latest tax rates from trusted sources, helping avoid mistakes caused by outdated info.
Contextual matching
Matches each line item with the right tax rate based on its type and location. Adjusts automatically for exemptions, discounts, or special rules.
Automated updates & alerts
Regularly updates tax data in the background and alerts users to any changes, making sure the invoices stay in line with current tax rules.
Exception handling & overrides
Spots mismatches between tax categories and local rules, and lets users make corrections, helping the system learn and improve over time.
KEY BENEFITS
Hyperbots Sales Tax Verification Co-Pilot locks in sales-tax compliance on every invoice, shutting down tax underpayment penalties before they start. A built-in, time-stamped trail delivers effortless auditability, while near-zero human errors protect margins and, ultimately, your company’s reputation for accuracy and integrity.
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
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.
FAQs: Integration with Tax Dictionaries
What is the “Sales Tax and Use Tax Dictionary Interface”?
It’s a system that integrates with a comprehensive tax database, providing up-to-date rules, codes, and rates to ensure accurate sales and use tax calculations for each jurisdiction.
How does it achieve Comprehensive Tax Coverage?
The interface references an extensive library of tax codes and rates across cities, counties, and states, ensuring precise tax calculations for every location.
What is Real-Time Data Retrieval, and why is it important?
The system automatically fetches the latest tax information from an updated database, reducing manual lookups and minimizing errors caused by outdated rates or regulations.
How does Contextual Matching to Line Items work?
It analyzes location, product/service type, and special exemptions or reduced rates to map each line item to the correct tax category, preventing misapplied taxes.
What about Automated Updates & Alerts?
Periodic refreshes ensure the interface adapts to new laws or rate changes, while alerts notify users of important tax updates, keeping invoicing practices compliant.
Can users override discrepancies flagged by the system?
Yes. When mismatches occur between assigned categories and local rules, the interface flags these for review and allows users to override the classification, refining future accuracy.
