Unit Economics: What’s a Good Ratio, and Why?
Unit economics is the one must-know concept for any business eyeing sustainability and progress. This article is the second in an informative three-part series about unit economics and adeptly answers the question: “What is a good unit economics ratio?” The first article provides a step-by-step guide on how to calculate unit economics, and the third […]
How to Calculate Unit Economics – Part 1 in 3 Part Series
The business world is dynamic, and navigating that terrain as a financial leader or business owner requires a firm grasp of your financial well-being – it is paramount to success. Out of all the factors to consider, and there are many, unit economics reign supreme as a pivotal measure that unlocks valuable perspectives on the […]
Streamline Accounts Payable with Docyt’s AI Invoice Line-Item Extraction Feature
The AI Invoice Line-Item extraction feature for Accounts Payable streamlines the invoice processing workflow by eliminating manual data entry for invoices containing multiple line items. This blog explores how Docyt’s AI Invoice Line-Item extraction can bring efficiency and accuracy to your accounts payable department. https://docyt.com/wp-content/uploads/2024/04/AI-Line-Item-Extraction-Demo.mp4 Boost Efficiency in Accounts Payable with Docyt’s AI-powered Invoice Processing […]
April 2024 Product Updates
Spring is here! 🌸 Do your finances need a little sprucing up? Explore our latest product updates from the past month. Docyt Mobile App: Voice-to-Message Feature for Managing Flagged Transactions Managing flagged transactions is faster than ever, giving users an easy way to quickly respond (by voice message) to flagged transactions right from their mobile […]
Docyt and x·quic Partner to Deliver Bundled Financial Services Solution for Hotel Owners and Franchisees
Santa Clara, CA – April 30, 2024 – Docyt, the frontrunner in AI-driven accounting automation technology, is partnering with x·quic™ on a bundled services offering that empowers hotel owners and franchisees to seamlessly integrate Docyt’s real-time bookkeeping capabilities with x·quic OTA Savings. The combined solution uses AI-driven workflows to streamline financial management and maximize hotel […]
Fuel Accurate Predictions with AI-Enhanced Financial Forecasting
Staying ahead of the competition is essential for any business. Whether you’re an experienced entrepreneur or just starting your journey as a small business owner, financial forecasting plays a vital role in your decision-making. The accuracy of your forecasts can make or break your company’s success. That’s where AI in financial forecasting enters the scene. […]
Tax Law and Accounting Challenges Solved with Docyt AI
Navigating the complex landscape of US accounting & tax laws isn’t a walk in the park—it’s like a puzzle with many tricky pieces. Accounting firms face many challenges, from dealing with tons of paperwork to navigating regulatory hoops. This blog sheds light on the top hurdles the US accounting firms face and explains how AI-powered […]
Traits to Consider When Choosing Accounting Software for Multiple Businesses
Taking on the responsibility of owning and operating numerous businesses is no easy feat, yet it can yield great satisfaction. As a proprietor of a small or medium-sized enterprise, you are constantly searching for ways to streamline various aspects of your operations, particularly when it comes to managing finances. Choosing the optimal accounting software for […]
AI and Compliance in Bookkeeping: Staying Ahead of Regulations
In today’s dynamic business landscape, staying on top of bookkeeping compliance requirements is critical. The financial world is forever evolving, and rules and standards are constantly changing. To help you overcome these challenges, innovative solutions are at the forefront of the industry. One such solution is Docyt, an AI company with sophisticated accounting software designed […]
Top 5 KPIs for Multi-Entity Hospitality Businesses
In the hospitality industry, triumph hinges on a strategic approach, especially when managing multiple properties. Vital to this strategy are Key Performance Indicators (KPIs), which offer invaluable insights into business performance and allow hospitality leaders to fine-tune a hotel’s operational performance and guest satisfaction. In this blog, we’ll explore 5 essential KPIs that can significantly […]
Docyt Shines at AAHOACON24 Tech Pitch Competition with Accounting AI
This is an exciting year for Docyt as we attend one of the largest hospitality events of the year, AAHOACON24, held at the Orange County Convention Center in Orlando, Florida. This event brings together 6,000+ hotel owners nationwide to network, learn, and connect at the largest trade show floor. Docyt Team at AAHOACON24 This year, […]
5 Ways to Navigate the Top Tax Pitfalls for Multi-Entity Businesses
Running a multi-entity business is rewarding, but navigating the tax maze can feel like a challenging puzzle with ever-shifting pieces. These complexities can lead to considerable financial headaches and legal trouble down the road. It is crucial to grasp and pre-emptively tackle these hurdles to safeguard your business from making costly errors while filing taxes. […]
