Accounting, with its high volume of data and recurrent workflows, is a great candidate for automation. Artificial Intelligence (AI) makes your operations faster and less labor-intensive.
Here’s how automation can help you and your team.
Docyt is an AI automation layer for accounting software.
Accounting, with its high volume of data and recurrent workflows, is a great candidate for automation. Artificial Intelligence (AI) makes your operations faster and less labor-intensive.
Here’s how automation can help you and your team.
Leverage Docyt's AI to shift tedious data entry from your staff to a machine.
Teams who use Docyt increase their productivity by 3X.
Use technology to effectively navigate your company through the unknown.
Since Docyt is continuously updating and reconciling your ledger and balance sheet, which we call real-time accounting, you are able to see current performance and pivot quickly.
Docyt is equipped to absorb, categorize, reconcile, and report on large amounts of financial data across all your accounting workflows.
Docyt’s benefits include:
Because Docyt is continuously updating and reconciling your accounting ledger, there is no data lag. See your revenue and expenses in real time. Focus on planning and forecasting instead of scrambling to close the books.
Leverage Docyt’s AI to extract data from bills and receipts, automatically categorize transactions, detect errors and duplicates, and continuously reconcile the balance sheet.
Since Docyt is an integrated solution, it eliminates the need to distribute sensitive data across piecemeal bill pay, expense management, receipt capture, and month-end reconciliation software. This reduces data risk.
Docyt is a bundled solution. It’s more cost effective than paying for multiple software subscriptions.
Manual rules are time consuming for you to build and maintain. Whereas Docyt instantly learns from you as you categorize transactions and match them to their respective receipts or invoices. Our cutting edge machine learning eliminates the need for rules.
Docyt closely inspects all incoming data. Among the thousands of inputs, it's able to identify and flag unusual transactions and documents. If you have a duplicate bill, an unusual charge from a vendor, or a completely new vendor, Docyt will alert you.
You benefit from others who have already used Docyt. Docyt learns industry verticals and vendors which means it could already recognize and categorize your transactions, invoices and receipts before you train it.
Empower all employees with a full-featured mobile app. Scan receipts. Submit expenses.
The web app is designed for finance and accounting teams. Manage workflows, see real-time financial statements, and close the books faster.
Docyt offers both ACH and paper checks. When you pay by Docyt check, funds remain in your bank account until the check is deposited.
Docyt AI alerts you of duplicate invoices or payments.
For each corporate card, see total spend and spend by employee. Each employee will see their purchases and receipts in Docyt. Transactions and receipts are synced to accounting software.
See detailed spend by vendor. Docyt attaches invoices to transactions and syncs them to the accounting software. So you're audit protected.
Docyt is able to read and extract expenses by individual line item in receipts and invoices.
Assign verifiers and approvers from your team. Create rules for vendors or dollar amounts.
Do you collect cash in your business? Docyt helps mitigate theft.
Docyt exposes and tracks credit card chargebacks so you are prepared for disputes.
Docyt allows you to record each investor's equity stake in your company while not exposing this sensitive data in your balance sheet.
For point-of-sale businesses, Docyt provides two revenue data points so cash doesn't get lost. You can cross reference your bank deposits against your POS revenue reports.
Don't lose sight of your revenue. Docyt tracks bank deposits received from merchant card processors.
Docyt gives you a consolidated workflow and reporting experience for all your business entities.
Split expenses across entities and do a settlement at the end of the month, quarter, or year. For each event, Docyt will update each company's balance sheet.
Running short of funds in one company and need to transfer in cash from another company? Docyt records transfers between your companies, making it easy to report at tax time.
Get a real-time snapshot of your business.
Docyt AutoPilot learns your GL codes. Within a month, 80% of categorization is automated.
Easily settle expenses across departments or business entities.
Docyt allows you to create adjustment journal entries for faster reconciliation.
Docyt does 1:1, 1: many, many:1, and many:many matching of documents, such as receipts and invoices, to bank and credit card transactions.
Increase efficiency and reduce risk of fraud and loss.
Docyt automatically finds and matches receipts and invoices to their respective bank transaction.
Keep track of key accounts and close with confidence.
Get your lenders, investors, and partners the most up-to-date financial reports.
Stay up to date with each vendor's W9, business address, and ACH information.
Get timely alerts before important business documents, like licenses, expire.
Docyt provides in-depth details to your tax CPA, so that you don't need costly extensions.
“Before Docyt, I had a non-stop flow of transactions and receipts from our corporate credit cards that I had to manually manage. Docyt has streamlined our receipts workflow and automated the reconciliation of our credit cards. I no longer need to build and manage any rules! Now my time has freed up considerably and I can focus on other important aspects of our business.”
Loretta FuFinancial Officer at Vet Rocket, LLC