AI Accounting for Hotels: 5 Ways to Drive Profits in Slow Seasons without Added Spending
Value-adds, limited-time offers, loyalty packages, and increased marketing or advertising spending are common tactics hotel operators turn to for boosting off-season revenue. But without a strong low-season strategy that optimizes spending and ensures steady cash flow, these efforts often fall flat. Building a solid off-season strategy is where hoteliers need help A well-executed off-season strategy […]
Beyond Data Entry: 5 Pain Points AI Is Erasing for Accounting Firms in 2025
Managing and accurately processing data while meeting tight deadlines is fraught with errors and inefficiencies that often turn costly for accounting firms. Given the sequential nature of accounting, every error, especially at the foundation stages, carries forward to the next phase, compounding and worsening quality, disrupting efficiency, and weakening the value delivered at the final […]
5 Ways Month-End Close Automation Boosts Efficiency for Modern Accounting Teams
The month-end close used to be a pressure cooker. As the calendar flipped to the final days of the month, teams would brace themselves for late nights, last-minute scrambles, and constant back-and-forth with spreadsheets. Today, that picture is changing. Automation is quietly rewriting the process, removing the bottlenecks that once defined it. More firms are […]
How Generative AI Is Transforming Modern Accounting Workflows
Accounting is no stranger to AI. Artificial Intelligence, Machine Learning, and NLP have found their applications in accounting, driving intelligent automation since the early 2010s. But the emergence of Gen AI is a watershed moment for the accounting industry. It’s no longer just about disparate tools that deliver handy optimizations and incremental improvements. Gen AI […]
Gen AI vs Traditional AI: Why This Tech Leap Changes Everything for Accounting
Accounting and bookkeeping are silently undergoing a massive technology shift over the last five years. And with the emergence of Generative AI, this transformation has only accelerated. And the bookkeeping & accounting landscape is now set for a revolutionary shift. From Optimization to Transformation: Evolution of Accounting Technology Spreadsheets, rule-based software, and eventually, traditional AI […]
The Top 3 Accounting Metrics Every Hotel Owner Should Track
As a hotel owner, you’re no stranger to the usual revenue numbers and metrics (RevPAR, ADR, ROM, and Occupancy). They are the industry standard, the go-to metrics every property watches closely. But while these revenue metrics help you track performance, they’re just one part of the whole picture. Today, profitability is no longer driven solely […]
How Integrated PMS and POS Systems are Revolutionizing Hotel Operations
Striking the right balance between operational efficiency and delivering memorable guest experiences is a rare feat that eludes many hospitality businesses. However, a few who consistently achieve it share a common factor: an integrated PMS and POS system. While every hotel with multiple POS terminals understands the importance of integration, not every establishment can fully […]
Is Your Hotel’s Accounting System Holding Back Growth? Here’s How AI Can Help Scale
Every hotel business that achieves stability in operations and profitability is built on the foundation of a strong and well-structured accounting system. However, the moment the business begins to scale, whether by opening new properties or expanding into new markets, that foundation can start to strain under complexity and buckle under the weight of increased […]
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 […]