Automated Remittances

Hyperbots Vendor Management Co-pilot talks to Payment Co-pilot and receives remittance communication with customizable templates, multi-channel delivery, and real-time notifications.

Key Features

"Receives auto-generated remittance advice with payment details"

Automated remittance generation

Receives the automatically created remittance advice by Payment Co-pilot for each payment, detailing invoices, payment amounts, and payment dates.

"Supports remittance receipt via email, portals, or API integration"

Multi-channel delivery

Supports receipt of remittance advice through email, vendor portals, or direct API integrations, accommodating vendor preferences.

"Customizes remittance templates for branding and vendor needs"

Customizable templates

Has the ability to customize remittance templates to align with company branding or vendor-specific requirements.

"Notifies vendors of payments with remittance advice for transparency"

Real-time notifications

Notifies vendors of payment processing with attached remittance advice, ensuring transparency and reducing follow-ups.

"Detects failed remittance deliveries and enables quick corrections"

Error detection and resending

Identifies failed remittance deliveries and facilitates quick corrections and re-sending of notifications.

"Records remittance communications with timestamps and acknowledgments"

Audit trail for communication

Maintains a detailed record of all remittance communications, including timestamps, delivery methods, and vendor acknowledgments.

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: Automated Remittances

When does a vendor receive a remittance communication?

What details does the remittance communication include?

Can vendors seek clarification on remittance, and does the Co-pilot provide answers?

Will a single remittance include combined notes for multiple invoice payments?

Can remittance communication be customized for each company?

What channels are possible for receiving remittance communication?

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!

Ready to take the next steps?

Book a demo with one of our Financial Technology Consultants to get started!