How AI-Driven Automation is Reducing the Month-End Close Burden for Hotel Owners
Reconciling revenue, chasing down expenses, pulling fragmented reports – month-end close in the hospitality industry is stressful, time-consuming, and full of complexities. And in most cases, it rolls over to the next month. Fortunately, today’s AI-powered automation emerged as solution to this never-ending cycle. By automating repetitive manual tasks, refining key accounting steps and improving […]
What’s New at Docyt? May 2025
Summer’s heating up—and so are these product updates. From smarter AI matching to a streamlined integration experience and more control over categorization, this month’s updates are all about saving time and eliminating friction in your accounting workflows. Review GL Categories Before They Hit the Ledger Gain more control over your books with our new approval […]
The Hidden Costs of Traditional Bookkeeping in Franchise Operations
Traditional bookkeeping for franchises is often a hybrid of manual operations, local systems, and generic tools paired with off-the-shelf franchise bookkeeping and accounting solutions. Most traditional franchise bookkeeping solutions fail to create the coherence and visibility a growing franchise network needs. The cracks start small: lack of uniform bookkeeping structures, inconsistent revenue recognition, and misaligned […]
What Are AI Agents? How Are They Revolutionizing Accounting and Bookkeeping Today?
AI agents are advanced autonomous systems that use artificial intelligence to accomplish specific tasks. Powered by LLMs & Gen AI, they learn, adapt, and act based on real-time feedback and evolving conditions without needing constant human involvement. Think of AI agents as tireless mini-specialists who understand the goals, initiate actions, adapt to change, refine their […]
Real-Time Accounting: How AI is Eliminating Delays in Month-End Closures
Month-end closures have always been a high-stress, time-consuming process for finance teams. For most businesses, it still is. Accountants, when not equipped with the right tools, continue to wrestle with mountains of spreadsheets – hunting down discrepancies, reconciling accounts, and finalizing reports under tight deadlines. Even with the advent of cloud accounting, age-old problems such […]
How Docyt’s Real-Time Revenue Intelligence is Changing the Game for Hospitality Businesses
Revenue reconciliation is a constant battle in the hospitality industry. Payments arrive from diverse sources and do not always reach the bank as they should. Revenue streams get misposted, someone forgets to update the spreadsheet. Additionally, there are POS reports, cash collections, OTA settlements, credit card batches, and refunds that arrive at varying times and […]
What’s New at Docyt? April 2025
With spring wrapping up and summer just around the corner, now’s the perfect time to sharpen your workflows. This month’s updates are all about making your day-to-day easier – from faster document reviews to smarter navigation and better task management. These enhancements are built to help you stay focused, organized, and ready for what’s next. See what’s […]
Why Migrating to Docyt Is the First Step toward Smarter Accounting
From manual ledgers to spreadsheets, from accounting software to Automation, the accounting stack has come a long way. Each evolution made accounting faster, a little more structured, and much less manual than before. But today, the real bottleneck in rules-based traditional Automation isn’t just speed or efficiency. Even a 10% increase in speed or efficiency […]
How Docyt Bookkeeping Solutions Enhance Bank of America Customers’ Financial Management
There comes a point when the very banking tools that once seemed helpful start holding your business back. Banks like Bank of America offer a solid foundation—online banking, transaction tracking, cash flow monitors—but for a growing business, these features can quickly become limitations rather than solutions. Take, for example, the ability to sort online transactions. […]
The Tax Season Revolution: How AI is Changing the Game for Accountants
There was a time when tax season meant relentless spreadsheets, endless emails, and a mountain of numbers that never seemed to add up fast enough. To be fair, it still is. But we’ve learned to live with it. And now, everything is shifting. AI’s rapid transformation of accounting is set to redefine how tax accountants […]
What’s New at Docyt – March 2025
As the days get longer and everything starts to bloom, we’re bringing a fresh wave of updates to help your business thrive this season. From new features that give you more control and clarity in your financials, to an all-in-one dashboard for multi-entity management, there’s plenty to get excited about. Ready to see what’s new? Let’s spring into it! 🌷 […]
Reasons Why Your Accounting Firm Needs AI-Powered Bookkeeping to Prepare for Tax Season
Doing the same thing every year and expecting a different result is essentially what tax season is for many businesses. It’s the annual promise businesses make: “This time, everything will stay organized.” And yet, when tax deadlines hit, it’s always the same last-minute scramble, unexpected headaches, and lost opportunities. Tackling Tax Season with AI-Powered Bookkeeping […]