Hyperbots develops AI-powered finance assistants that automate accounts payable, accounts receivable, and expense management processes, enhancing data accuracy and operational efficiency. By streamlining routine financial tasks, the platform enables CFOs to focus on strategic decision-making and improve cash flow visibility.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many finance and accounting departments still rely on manual processes for accounts payable, accounts receivable, and expense management, leading to errors, inefficiencies, and a lack of real-time visibility into financial data. Existing automation solutions often require significant upfront setup and lack the flexibility to adapt to company-specific ERP customizations.
Solution
Hyperbots offers an Agentic AI platform designed to automate finance and accounting processes from end to end. The platform leverages AI co-pilots that handle tasks such as invoice processing, accruals, procurement, payments, sales tax verification, and vendor management with minimal human intervention. By integrating with existing ERP systems, Hyperbots streamlines workflows, reduces manual effort, and enhances data accuracy. The AI co-pilots are designed in collaboration with CFOs to address their specific pain points, providing a comprehensive solution for optimizing financial operations.
Target Audience
Hyperbots targets CFOs, accountants, and finance professionals across various industries seeking to automate their finance and accounting processes, improve data accuracy, and gain better visibility into their financial operations.
Features
- AI-powered co-pilots for invoice processing with up to 80% straight-through processing
- Automated accrual identification, booking, and reversal processes
- Purchase requisition and order automation with seamless ERP integration
- Intelligent payment timing recommendations based on discounts, penalties, and vendor criticality
- Automated sales tax verification for vendor invoices
- Vendor management co-pilot with automated vendor identity verification and a vendor portal for real-time status updates
- Real-time data synchronization with ERP systems through pre-built connectors
- Integrations with Oracle NetSuite, QuickBooks, Microsoft Business Central, SAP S/4HANA, Sage 300, and Deltek Costpoint
- Exception and error handling with read-back checks and exception reporting
- Customizable integration framework to accommodate company-specific ERP customizations