Audit Trail for Vendor Management
Hyperbots Co-pilot maintains a detailed audit trail for every action taken by Al or humans during vendor management.
Key Features
Comprehensive action logging
The Co-pilot records every action, from vendor onboarding, validation, invoices, and payment processing
Timestamps for each step
Every action in the audit trail includes a precise timestamp, ensuring clear visibility into when each step occurred.
Human and AI actions differentiated
The trail explicitly identifies whether an action was performed by AI or a human, maintaining accountability for manual interventions.
Associated data points logged
Along with the action, relevant data points are captured, such as the name of the approver, comments, time for human action, and matching discrepancies information for AI.
Transparent workflow tracking
The audit trail provides a clear end-to-end view of the accruals' journey, helping users understand the steps involved and identify bottlenecks or errors.
UI presentation with audit trail cards
These trails/logs are presented to users in the co-pilot’s UI as audit trail cards, offering clear and accessible transparency for all actions taken.
Spend optimization due to vendor rationalization
Co-pilot helps in spend reduction by consolidating suppliers, enabling bulk discounts, reducing administrative costs and improving procurement efficiency
Vendor onboarding effort
AI-enabled automation in vendor information capture and W-9 form verification significantly reduces vendor onboarding time by streamlining data entry, ensuring compliance, and minimizing manual errors.
Realtime status update
A vendor portal benefits vendors by providing real-time visibility into purchase orders, invoice processing, and payment statuses, enhancing transparency and trust
VALUE PROPOSITION
Why Hyperbots Vendor Management Co-Pilot?
Hyperbots Vendor Management Co-pilot streamlines vendor onboarding, identity verification, and collaboration while automating tasks like data uploads and real-time communication, ensuring efficiency, compliance, and transparency in vendor relationships.
Before and After Hyperbots Vendor Management Co-Pilot
FAQs: Audit Trail for Vendor Management
How does the Hyperbots Vendor Management Co-Pilot maintain a detailed log of actions during the accrual process?
Can the audit trail differentiate between actions taken by AI and humans?
What kind of data points are logged in the audit trail?
How does the audit trail help users track the progress of payment?
How are these logs presented to users in the Co-Pilot’s interface?
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
