A Smarter Approach to Hospitality Data Management: Docyt’s AI-driven Document Management System
As a business owner in the hospitality industry, you’re probably familiar with the daily reports a hotel or restaurant prepares to keep track of performance and inform future business decisions. From room occupancy to guest feedback to business forecasts, the hospitality sector spends much of its time juggling these reports, which is time-consuming and costly. […]
Why the Integral Role of ChatGPT in Accounting Cannot Be Ruled Out
The rise of ChatGPT in accounting has taken the world by storm. This revolutionary app has streamlined most manual processes and emerged as a powerful tool to transform the accounting and finance sector. However, another school of thought fears that implementing AI-powered applications like ChatGPT in the accounting process will replace humans. The initial fear […]
Cash vs. Accrual Accounting – What Suits Your Business Best?
As the renowned author, Auliq Ice rightly said, “Not making the right decision means forgoing an opportunity.” In today’s ever-evolving financial and accounting landscape, a business’s decisions and choices determine its long-term success. One such decision is choosing the right accounting system. Two fundamental and most prevalent accounting methods businesses widely use are cash accounting […]
The Perils of Neglecting ChatGPT in Accounting Processes
In the ever-evolving landscape of technology, accounting professionals find themselves on the brink of a transformative era. Despite significant strides made by artificial intelligence in the last decade, hesitation has always persisted in the minds of accountants about implementing ChatGPT into existing accounting procedures and practices. In this blog, we will dive deep into why […]
