Docyt AI

Docyt AI: AI-Powered Bookkeeping Software for Multi-Entity Businesses

What is Docyt AI? Docyt AI is an AI-driven bookkeeping software designed to automate accounting processes for businesses with multiple entities. It's a comprehensive solution that provides real-time financial insights, streamlines multi-entity management, and integrates with various accounting workflows.

How does Docyt AI work? Docyt AI uses a combination of AI agents, OCR (Optical Character Recognition), generative AI, and predictive AI to automate data entry, expense management, revenue management, and month-end closing. The platform also offers collaboration tools and a smart mailroom to facilitate document processing and organization among teams.

Key Features and Benefits:

• AI Agents: Automate accounting workflows and provide real-time end-to-end bookkeeping automation.
• Expense Management: Track and manage expenses in real-time.
• Revenue Management: Automate revenue reconciliation and accounting.
• Month-End Close: Streamline the month-end closing process.
• AI Financial Insights and Reporting: Review P&L and Balance Sheets, ensure accurate error-free financial reports, and speed up book closing process.
• Single Unified Dashboard: Access all financial data in one place.
• Audit and Anomaly Detection: Identify and address anomalies in financial data.
• Collaboration Tools: Facilitate seamless collaboration among teams with features like a smart mailroom.
• Generative AI: Utilize AI-driven resolution for flagged transactions.

Why choose Docyt AI?

• Multi-Entity Accounting: Manage accounting for multiple entities from a single platform.
• Industry-Specific Unit Economics: Tailor accounting to specific industry needs.
• Departmental Accounting and Reporting: Gain insights into departmental performance.
• Catch-Up Bookkeeping: Get books back on track quickly.
• Continuous Revenue Reconciliation: Ensure accurate revenue tracking.
• Document Extraction & Understanding: Automatically extract and understand data from documents.
• Docyt Accountant Copilot: Utilize AI tools to scale accounting operations.

Who is Docyt AI for?

• Accounting Firms: Scale faster with AI tools, handle more clients without adding staff, and provide better client service.
• Franchise Brands: Track multi-entity revenue, consolidate reporting across locations, and automate franchise-wide analytics.
• Hotels & Hospitality: Automate hospitality bookkeeping, get daily flash revenue updates, and gain property-specific performance insights.

Customer Testimonials:

• Sumit Dalwadi, President, Dalwadi Hospitality Management: "Docyt got my books back on track in 45 days across seven hotel properties with over three months of catch-up."
• Mark Gose, CPA & Managing Partner, Gose LLP: "Docyt truly is a game-changer for CPA firms and bookkeepers. The support team at Docyt has been exceptional."
• Kenneth Mason, CPA, MBA, Founder & CEO, Equibis: "I save roughly 10 hours a week by not having to get into the books for all our clients."
• Jatin K. Shah, Owner & CEO, Bluegrass Hotels: "The Docyt platform is a one-stop shop for accounting. It’s efficient and user-friendly."
• Neel Jain, Director, Investments, Jain Hotels: "Docyt gives our team faster access to each property’s financials, connects seamlessly to multiple data sources, and has streamlined our workflow."
• Tejas “TJ” Patel, Managing Partner, Pavansut Hotels: "Although it took some time, Docyt has truly become an integral part of our financial operations."

Pricing:

Docyt offers pricing plans tailored for hotels and accounting firms. Contact sales for more information.

Conclusion

Docyt AI stands out as a powerful AI-driven bookkeeping solution for businesses managing multiple entities. It streamlines accounting workflows, provides real-time financial insights, and offers specialized tools for accounting firms, franchise brands, and hotels. With its AI-powered automation and comprehensive features, Docyt AI helps businesses save time, reduce errors, and make data-driven decisions.

How to use Docyt AI?

1. Schedule a demo to see Docyt AI in action.
2. Integrate Docyt AI with your existing accounting systems.
3. Utilize AI Agents to automate accounting workflows.
4. Access real-time financial insights and reporting through the unified dashboard.
5. Leverage collaboration tools for seamless teamwork and document processing.

Best way to automate bookkeeping?

Docyt AI automates data entry by over 40 hours each month, reduces revenue accounting errors by 95%, and cuts accounting costs by an average of $2,000. By automating your accounting processes, you can save time and money, and get back to what matters most, growing your business.