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What is Docyt AI?
Docyt AI is an accounting automation platform that uses artificial intelligence to handle bookkeeping tasks for businesses. It provides finance teams and business owners with real-time financial insights, automates expense management, and offers continuous revenue reconciliation to improve financial accuracy and decision-making.
What sets Docyt AI apart?
Docyt AI stands out with its real-time financial insights and continuous reconciliation, giving businesses instant access to their financial health. It connects with over 40 revenue systems, making it invaluable for companies dealing with multiple payment processors. Franchise owners and multi-location businesses find Docyt AI particularly useful for managing complex accounting across entities from a single platform.
Docyt AI Use Cases
- Automate expense management
- Real-time financial reporting
- Streamline revenue reconciliation
- Accelerate month-end close
- Multi-entity accounting
Who uses Docyt AI?
Features and Benefits
- Docyt AI pulls data from your POS system and continuously reconciles revenue, providing real-time visibility into daily earnings and profitability metrics.
Automated Revenue Accounting
- The system uses AI to automatically categorize more than 80% of common transactions, with generative AI handling the remaining 20% that typically require human review.
AI-Powered Transaction Categorization
- Docyt AI allows you to run multi-entity operations from a centralized platform, offering consolidated financial reports and the ability to drill down into individual entities.
Multi-Entity Reporting
- The platform connects with 30+ business management systems to pull financial and non-financial data, enabling the generation of live reports on industry-specific metrics and KPIs.
Industry-Specific KPI Tracking
- Docyt AI streamlines expense-related tasks including bill pay, credit card reconciliation, expense reports, and vendor payments, reducing manual workload.
Automated Expense Management
Docyt AI Pros and Cons
Automates bookkeeping and receipt capture
Integrates seamlessly with QuickBooks
Provides real-time financial reporting
Offers bill pay and expense management features
Uses AI to categorize and reconcile transactions
Securely stores and shares financial documents
Supports multiple business entities
Learning curve for initial setup and customization
Occasional delays in customer support responses
Some users report occasional bugs or glitches
Higher cost compared to basic accounting software
Limited integration with non-QuickBooks systems
Offshore support may lead to communication challenges
Mobile app functionality could be improved
Pricing
Docyt AI Companion
White Glove Onboarding
RevFlow
ExpenseFlow
ClosingFlow
InsightFlow
Multi-Entity Accounting
Bookkeeping Email Support
Dedicated Bookkeeping Expert
Business Key Performance Indicators
Docyt AI Companion
White Glove Onboarding
RevFlow (up to 3 revenue systems)
ExpenseFlow (up to 100 bills/month)
ClosingFlow (up to 250 custom chart of accounts)
InsightFlow
Multi-Entity Accounting
Bookkeeping Email Support
Dedicated Bookkeeping Expert
Business Key Performance Indicators
Budget Setting
Docyt AI Companion
White Glove Onboarding
RevFlow (up to 5 revenue systems)
ExpenseFlow (up to 150 bills/month)
ClosingFlow (unlimited chart of accounts)
InsightFlow
Multi-Entity Accounting
Bookkeeping Email Support
Dedicated Bookkeeping Expert
Business Key Performance Indicators
Budget Setting
Advanced unit economics alerts
Benchmarking of KPIs
Custom pricing
Additional User Licenses
High Volume of Transactions
Unlimited Chart of Accounts
Multiple Businesses
Multiple Revenue Systems
White Glove Onboarding