Docyt

What is Docyt?

Docyt, pronounced "docket," is an AI-powered accounting automation software platform designed to streamline financial processes for businesses. It digitizes financial data, automates workflows, and continuously reconciles books, providing real-time accounting capabilities. Docyt AI reduces the cost and technical complexity of bookkeeping and back-office tasks for businesses and accountants. The software is headquartered in Silicon Valley, California and places a strong emphasis on community, integrity, and security, ensuring the privacy and protection of customer data.

Docyt offers various features such as multi-entity accounting, industry-specific unit economics tracking, departmental accounting and reporting, franchise accounting and reporting, catch-up bookkeeping services, fast month-end close, continuous revenue reconciliation, and document extraction and understanding. The platform caters to businesses across different industries, providing end-to-end income and expense workflows in a single platform. Docyt also offers plans and pricing tailored to different transaction volumes, from basic to advanced levels, accommodating various business needs.

Who created Docyt?

Docyt, an AI-powered accounting automation software platform, was launched on March 9, 2020. It was co-founded by Sid Saxena and Sugam Pandey. The company is headquartered in Silicon Valley, California and focuses on digitizing financial data, automating workflows, and continuously reconciling books to provide real-time accounting for businesses and accountants.

What is Docyt used for?

• Enhances QuickBooks functionality
• Automates accounting processes
• Spend management automation
• End-to-end bookkeeping automation
• ExpenseFlow for expense management
• RevFlow for revenue reconciliation
• ClosingFlow for month-end closing
• InsightFlow for financial reporting
• KPI dashboard
• Modules for various operations

Who is Docyt for?

• End-to-end bookkeeping automation
• ExpenseFlow for expense management
• Catch-up bookkeeping feature
• Automated bill pay
• Corporate card management
• POS/PMS revenue tracking
• Transaction categorization
• Model development operations
• Automated reconciliation

How to use Docyt?

To use Docyt effectively, start by creating an account on the platform. Once logged in, familiarize yourself with the dashboard where you can access key features. Begin by uploading your financial documents such as receipts, invoices, and bank statements. Docyt uses advanced technology to extract relevant data from these documents automatically. Review the extracted data to ensure accuracy. Categorize your transactions to organize your financial information effectively. Utilize the budgeting tools to set financial goals and track your expenses. Take advantage of the reporting features to generate detailed financial reports. Additionally, explore the tax deduction suggestions provided by Docyt to maximize your savings. Regularly update your financial information on the platform for accurate insights. Finally, reach out to customer support for any assistance or inquiries to make the most of your Docyt experience.